Since taking over as the main supervisor of the euro zone’s largest lenders, the European Central Bank (ECB) has waged a war against sickly lenders. The regulator has forced banks to be more open about value of exposures sitting on their books, and urged them to write down bad loans faster. All this should not only bolster financial stability, it ...

There’s nothing worse than things going crazy at the office while you’re away on holiday. That’s what happened to Chinese iron ore traders over the past fortnight, after Vale SA’s Brumadinho dam disaster prompted fears that as much as 40 million metric tons of metal could be taken off the market while the Brazilian miner closed similar facilities. As mainland ...

All too late, the British political system seems to be awakening to the insoluble crises posed by Brexit. With negotiations stalled and no obvious solution at hand, both main parties are on the verge of historic break-ups. Squint and you just might see some reasons for optimism. This week, 11 legislators — three from the Tories and eight from Labour ...