London / Bloomberg Three of the UK’s biggest banks face extra charges of about 1.5 billion pounds ($2 billion) after the Financial Conduct Authority said it will probably delay a deadline on payment protection insurance complaints by a year, according to Citigroup Inc. Lloyds Banking Group Plc may have to set aside an additional 750 million pounds to cover ...

  The US is running out of places for people to live. Rent is a bigger and bigger part of our cost of living. Here is an index of rental prices divided by median household income: Lots of people have been wondering what to do about this problem. One proposed solution is to deregulate housing and encourage denser development. This ...

  Narayana Kocherlakota A wave of popular dissatisfaction, expressed in support for Donald Trump and Bernie Sanders, has shocked both of America’s leading political parties. The protest vote, however, shouldn’t come as a surprise: For many important demographic groups, the last two presidencies have been an economic disaster. Let’s start with white Americans. If you’re wondering why Trump’s anti-establishment rhetoric ...