G20 countries should consider more trade barriers with China to cut imbalances, Bessent says

Commerzbank’s Charlie Lay reports that the Bank of Korea (BoK) delivered a second consecutive 25 bp hike to 3.0% and kept a tightening bias, supporting KRW after its sharp appreciation since June. The bank expects a near-term pause but sees scope for another hike to 3.25% if growth and core inflation stay firm, with USD/KRW…

As global investment flows accelerate, sub-custodians play an increasingly critical role in helping institutional investors navigate the operational, regulatory, and market infrastructure complexities of local markets. For the 24th year, Global Finance recognizes institutions in 83 countries across seven regions. These institutions have distinguished themselves through operational excellence in securities services, strong data and asset security, and…

Investors and analysts alike expected JPMorgan Chase (JPM +2.50%) to do quite well this earnings season, but not this well. The powerful bank delivered a fine second quarter that crushed analyst estimates, thanks in no small part to a major part of its business that has produced meaty growth before. All in all, Mr. Market…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. August 20, 2026 Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG…

Clarity of responsibility is an essential element of political accountability. We develop a rational model of Bayesian updating in the presence of ambiguous attribution and we test its predictions using an original survey. We show that respondents’ partisanship, assessment of public healthcare quality, and beliefs over which layer of government is responsible for healthcare are…