Bloomberg Two Federal Reserve officials highlighted the benefits of an approach to monetary policy called average inflation targeting, which would entail accepting overshoots of the central bank’s 2 percent price goal to make up for times when inflation was too low. San Francisco Fed President Mary Daly and John Williams, who preceded her in that role before shifting to run ...

Bloomberg Barclays Plc’s Jes Staley promised more buybacks and dividends to shareholders as the bank’s traders outperformed most of their Wall Street and European peers. Fourth-quarter income at the London-based firm’s markets unit fell 2.5 percent from a year earlier to 945 million pounds ($1.2 billion), a performance that beat many of the bank’s rivals. While the last quarter of ...

Bloomberg Standard Chartered Plc is booking a $900 million charge tied to regulatory probes in its fourth-quarter results, a move that will erode earnings as its top executive prepares to unveil a turnaround plan. The provision will cover the UK bank’s estimates for potential penalties from investigations over US sanctions violations, currency trading issues and financial-crime controls, the company said. ...