At the heart of banking regulation sits a tradeoff between competition and financial stability. Competition allows consumers access to better prices and better products. But it can also encourage banks to do wayward things, often at the expense of soundness. Faced with the choice, regulators typically come down on the side of safety. Regulators in Ireland have adopted this ...

  Collapsed cryptocurrency exchange FTX was a magnet for the so-called smart money. Backers included the biggest names in finance and venture capital, from BlackRock Inc. to SoftBank Group Corp. to pension funds. Even after this summer’s crypto crash, Ontario Teachers Pension Plan described its investment in the firm as “lowest-risk” — because it was the venue where “everybody else” ...

  Bloomberg Cathay Pacific Airways Ltd closed its last overseas outpost, bringing some US-based pilots back to Hong Kong as the airline trims expenses after being hit hard by the pandemic. Cathay’s US pilot bases shut on October 31 and some crew will relocate to Hong Kong in the coming weeks, according to an internal memo seen by Bloomberg News. ...