Bloomberg Federal Reserve officials are speaking out about rising inequality and the harm it does the US economy, but most still hesitate to say monetary policy can do much to help. Neel Kashkari is starting to sound like an exception. Since becoming president of the Minneapolis Fed in 2016, he’s been a consistent dove, arguing for keeping interest rates lower ...

Bloomberg Germany’s latest banking upstart has a message for the millennials it’s trying to lure away from giants like Deutsche Bank AG: We’re one of the good guys. Hamburg-based Tomorrow, which offers free current accounts via mobile phones, promises to use customer deposits to finance only sustainable projects such as renewable energy and organic agriculture. The company claims that its ...

Bloomberg As banks around the world shut branches and lay off tellers, Pakistan’s Faysal Bank is headed in the opposite direction in the hope that a drive into Islamic financial services will boost deposits and shareholder returns. The Karachi-based lender plans to open 200 new branches offering Shariah-compliant deposit accounts in the next two years, and convert 40 regular branches ...