Fed to loosen capital requirements for big US banks
Wall Street cheers plans that would water down protections designed to avoid repeat of 2008 financial crisis
Economic news
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US intervention in oil futures would be ‘biblical disaster’, CME warns
Terry Duffy says any attempt by the government to lower prices using derivatives market would erode confidence
How the Iran war will change global business
Damage from the conflict is already having an impact on corporate strategy
UK government under fire over ‘bungled’ crypto Isas policy
Digital investments will be restricted to niche Innovative Finance Isas from next month
Gig workers feel pain at the pump as gas prices hit 21-month highs
A network of millions of Americans who offer services like making deliveries or providing rideshare services are feeling the effects of rising gas prices.
Russia rakes in $150mn a day in extra revenue from surging oil prices
Middle East conflict boosts Vladimir Putin’s war chest as tankers carrying Russian oil head to India