Labor markets might not be nearly as tight as they seem from employment data. That’s a headache for banks trying to judge the risks of an uptick in borrowers’ repayment problems. Traditionally, what matters most for banks lending to consumers is unemployment because it can lead to disastrous drops in income for debtors. That’s why it’s one of the first ...

  Credit Suisse Group AG’s poaching of Dixit Joshi from Deutsche Bank AG to become its new chief finance officer means the Swiss bank now has outsiders in three top executive roles. They all have plenty of experience fixing problems in their former roles. The new leadership team should have the cool ruthlessness to make unbiased decisions about what Credit ...

  As Russia’s war with Ukraine plods on, a pincer movement is advancing toward UK households this winter. The price of natural gas has doubled since April and is about seven times what it was a year ago. High gas prices boost electricity costs, which in turn push up the price for manufacturing inputs, food and pretty much everything else. ...