Bloomberg Big investment banks scored a victory in their campaign to soften global rules, as regulators reduced the capital hit from new trading-book standards by nearly half. The Basel Committee on Banking Supervision said its final market-risk standards will drive up banks’ trading-book capital requirements by a weighted average of about 22 percent from current levels. That’s down from the ...

Bloomberg Federal Reserve Vice Chairman Richard Clarida left open the possibility the US central bank will raise interest rates in 2019 fewer than the two times projected by policy makers at their last meeting. “A lot has really happened since the first week of December,” Clarida said in an interview on Fox Business Network. “Some of the global growth data ...

Bloomberg The European Investment Bank (EIB) is being sued in the region’s second-highest court over a Spanish loan that climate lawyers contend will damage the environment. The suit is being brought by the not-for-profit environmental advocacy group ClientEarth, which wants European Union judges to determine whether the EIB breached its own renewable energy-financing criteria. The London-based group said it’s the ...