Financial conditions have tightened in the past three weeks, with stocks dropping, corporate credit yield spreads widening and mortgage rates rising back to almost 14-year highs. If the data continues to show inflation is moderating, it could be enough to help convince Federal Reserve Chair Jerome Powell and his central bank colleagues to only institute a modest interest-rate increase when ...

  It seems blindingly obvious: Banks should not trade shares to help investors claim rebates for taxes they have not paid. Yet, in Germany it took a court ruling just last year to confirm this was illegal a decade after the practice was banned. A string of international lenders are still being investigated; last week, German prosecutors raided JPMorgan Chase ...

  The death of Queen Elizabeth II on Thursday marks the end not just of an era spanning seven decades, but of one of the most remarkable public careers in modern history. Amid war, geopolitical upheaval, social turmoil and technological revolution, the queen’s decency and grace brought stability to Britain and endeared her to generations all over the world. It’s ...