Almost a decade after a crisis that nearly brought down the global financial system, markets still aren’t showing much confidence in banks. It’s a troubling phenomenon that U.S. and European leaders ignore at their peril. It’s understandable that, after years of wrangling and thousands of pages of new rules, regulators might want to consider their mission accomplished. They have changed …

Robert Lighthizer’s nomination as U.S. trade representative made the steel industry happy. Both the Steel Manufacturers Association and the American Iron and Steel Institute put out statements lauding the choice, with the latter citing his “dedication” to the steel industry. U.S. Steel Corp has been Lighthizer’s most prominent client as a lawyer in recent years. Lighthizer’s confirmation earlier this month …

Bloomberg European stocks fell and the euro struggled against the dollar as investors were reminded of a few of the challenges still faced by the world’s biggest single market. Oil joined a wider selloff in commodities. The Stoxx Europe 600 Index declined a fourth day as data showed euro-area economic confidence fell for the first time this year, and as …