If “normal” means the under-regulated and over-leveraged state that they were in before the crisis, then that is the last thing we need the world’s banks to return to. Thankfully, however, that does...

The seeds of the financial crisis were sown in the interaction of four key factors, linked by one critical underlying problem. This was an intellectual failure across financial institutions...

The latest batch of manufacturing surveys suggests that advanced economies continued to do very well in October. As a result, the global manufacturing PMI rose to its highest level since early 2011...

Credit growth has continued to pick up gradually in the euro-zone and Japan, and more strongly in the UK. In the US, the slowdown in growth in lending to the private sector has eased recently.