It makes sense for investment banks to cut businesses where they’re too small to be competitive and staying in is costly. So Deutsche Bank AG’s exit from equities trading is overdue. That doesn’t mean life is going to get any easier, in Asia at least. The German lender is counting on its strength in fixed-income and currencies trading to pivot ...

Asset managers are increasingly using their financial clout to persuade companies to be friendlier to the planet, wielding a combination of the stick of disinvestment and the carrot of engagement. But can the financial world do more to ensure countries and their central banks are also meeting their environmental, social and governance responsibilities? Travel platform from AtoB.com scrutinised the 2018 ...

Before I offer thoughts on President Donald Trump’s latest two nominees to the Federal Reserve’s Board of Governors and the challenges they face, some full disclosures are in order. I interviewed for one of the open governor positions at the White House in late May. I have an unconventional background for a Fed governor as I don’t have a Ph.D. ...