Robert Stheeman has been at the helm of the UK Treasury’s Debt Management Office since 2003, overseeing sales of more than $2.6 trillion of Gilts, as Britain’s sovereign bonds are known. He’s the government’s agent in the debt marketplace, the link that smooths communication between the finance ministry and its 15 primary “market-makers”. His job is to keep the UK’s ...

How does an older bank unlock the value of a nimbler, faster-growing division? That was the challenge facing Bruce Van Saun, then CFO at the Royal Bank of Scotland (RBS). He had joined the storied firm in 2009, after their £500 billion bailout of loans and guarantees from the UK government. Within RBS, the Citizens group in the US was ...

The US economy has experienced its slowest recovery from a recession in the post-World War II era, and the longer it lasts the more evidence there is that normal cyclical patterns are missing. And their absence means market participants shouldn’t rely on them to divine the economy’s future. Consider the myriad developments that are atypical, or even the reverse of ...