In the aftermath of the financial crisis, we’ve become accustomed to banks being slapped with sanctions running into the billions. So at the equivalent of $57 million, Citigroup Inc.’s new fine for reporting failures could well go unnoticed. That would be a mistake. The third-largest US bank, with assets in excess of $2 trillion, inaccurately reported its capital and liquidity ...

Plenty of shoppers opt for swiping and tapping on their phones instead of bumping and elbowing their way through the mall on Black Friday . But the changing nature of this American-invented shopping holiday should hardly be taken as a signal that physical stores don’t matter. While consumers say they plan to spend more online than in stores, the data ...

In her first month as president of the European Central Bank (ECB), Christine Lagarde has spoken remarkably little about monetary policy. However, she’s made clear that she wants to launch a review of the ECB’s strategy to ensure it is fit for the times we live in. It’s an exercise that’s well worth doing. The last rethink of the ECB’s ...