mosaec

Trump’s Newest Economic Sherpas Are Not Like His Old Ones

Banking and Financial Institutions Cohn, Gary D Goldman Sachs Group Inc Income Tax Paulson, John A Presidential Election of 2024 Regulation and Deregulation of Industry Schwarzman, Stephen A Trump, Donald J United States Economy United States Politics and Government

Trump’s Newest Economic Sherpas Are Not Like His Old Ones

A little-known investment banker, a former hedge fund star and an acolyte of George Soros have the president-elect’s ear.

By Rob Copeland Maureen Farrell and Lauren Hirsch

Foreclosures in China Soar, Threatening to Choke Off Bank Profits

Banking and Financial Institutions China Economic Conditions and Trends Foreclosures Mortgages Qingdao (China) Real Estate and Housing (Residential)

Foreclosures in China Soar, Threatening to Choke Off Bank Profits

When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.

By Keith Bradsher

Why Germany Is Resisting UniCredit’s Takeover of Commerzbank

Banking and Financial Institutions Commerzbank Economic Conditions and Trends Europe Germany Italy Mergers, Acquisitions and Divestitures Unicredito Italiano SpA

Why Germany Is Resisting UniCredit’s Takeover of Commerzbank

Despite an openness to cross-border mergers, Germany has pushed back against talk of the Italian lender UniCredit’s acquiring Commerzbank.

By Melissa Eddy and Bernhard Warner

Russia Raises Interest Rate to 21 Percent, Its Highest in Decades

Banking and Financial Institutions Central Bank of Russia Economic Conditions and Trends Inflation (Economics) Interest Rates Russia Russian Invasion of Ukraine (2022)

Russia Raises Interest Rate to 21 Percent, Its Highest in Decades

Military spending and recruitment are causing the country’s economy to overheat, leaving regulators in a struggle to rein in rising prices.

By Anatoly Kurmanaev