More than five months ago, the Federal Reserve and Office of the Comptroller of the Currency told some of the biggest banks to improve underwriting standards for non-investment-grade loans. The market is showing few signs of tightening as lenders chase lucrative fees.
The European Union responded to the Arab uprisings of 2011 with pledges that echo what it is now offering Ukraine: “full support to the transition” in a “new partnership” that yields “improved opportunities for economic prosperity” plus “strengthened regional stability.”
Wall Street hiring in Asia is coming under increasing scrutiny in the wake of a U.S. criminal investigation into whether JPMorgan Chase & Co. employed children of China’s elite in violation of anti-bribery laws.
Euro-area members Greece, Portugal and Cyprus are seeking closer ties with the European Bank for Reconstruction and Development, which is expanding investments around the Mediterranean, the lender’s president said.