Like all businesses upended by the pandemic lockdowns, banks were forced to reorganise with little time. They managed to shutter large parts of their branch networks and to send most of their employees to work remotely. So far, the experiment has been largely free of glitches — and instructive. By redeploying armies of staff, lenders were mostly able to adapt ...

Weak presidents are not safe for democracy. Bright Line Watch, a project of political scientists worried about the erosion of democratic institutions, has found increasing concern by experts about the state of US democracy since 2017. That’s despite the well-documented case that Donald Trump has been an unusually weak president. He often defers to Republican Party regulars on policy questions; ...

Bloomberg India’s decision to resume domestic flights from May 25 was a bolt out of the blue for most of the country’s aviation companies. Top executives at three Indian airlines said they learned about the move when the aviation minister tweeted it. The executives asked not to be identified citing rules on speaking to the media. Airline shares surged. Most ...