Large bank failures in recent years have led to reforms that strengthen crisis prevention and give regulators and banks the tools for dealing with crises that do occur. Similar policy measures can be helpful in dealing with sovereign crises — when governments run out of money and credit. Unfortunately, the European Commission misses the mark in its recent proposals to …

There’s no better way to cap a storied business career than a stint atop one of the world’s largest banks. That’s more or less the future that was mapped out for Catherine Livingstone when she was appointed chairman of Commonwealth Bank of Australia (CBA) in January. The former state-owned lender was then world’s 10th largest by market capitalization, and most …

It’s that time again, when we scan the stars for clues about the year ahead in mergers. What follows is our second annual Gadfly compilation of dealmaker horoscopes: 12 CEOs and top executives across a variety of industries—matched with their zodiac signs—who appear destined for mergers and acquisitions in 2018. Capricorn: Jeff Bezos, chairman and CEO of Amazon.com Inc. Capricorn, …