Economics, Policy & Regulation
June Jobs Data Disappoints; Financial Sector Hiring Fell in First Half
June’s employment numbers showed almost no change from the previous month, as the Bureau of Labor Statistics reported a 4.2%...
The United States
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Private Credit
BlackRock’s CEO Exit Signals Private Credit Shift
The private credit market’s roughest stretch in years has claimed its first senior leader at a major asset manager. BlackRock’s...
News
What if Revolut Isn’t the Only Threat? How Santander Is Quietly Targeting the US
There’s no question that the competitive threat to U.S. finance from abroad is real. What remains murky is whether U.S. banks truly appreciate how many directions it’s coming from.
Banking
US Banks Ace Fed’s 2026 Stress Test
This year’s Federal Reserve Stress Test, which involved 32 U.S. banks, simulated a hypothetical real estate Armageddon in which commercial...
Capital Raising & Corporate Finance
Nike Names New CFO as Turnaround Stumbles
Nike Inc. said Tuesday it has hired David Denton as its next chief financial officer, tapping the former Pfizer Inc....
Banking
Assessing Alan Greenspan’s Legacy
Alan Greenspan, the second-longest serving chairman of the Federal Reserve’s Board of Governors, has died just months after his 100th...
News
JPMorgan Names Aiyengar as Head of Investment Banking
JPMorgan Chase, the global leader in investment banking revenue, has named Anu Aiyengar global chair of Investment Banking and M&A,...
News
A Commercial Real Estate Reckoning in the Making
Delinquencies are soaring past 12%, yet loan originations are up 50%. Inside the starkly divided reality of the 2026 commercial real estate market.
News
Fed Scraps Forward Guidance Under Chair Kevin Warsh
The Federal Open Market Committee (FOMC) omitted forward guidance from its June rate statement, leaving the federal funds target range...
Editor's Letter
Taking Stock at the Halfway Mark
From conflict to innovation, our June issue takes stock of the turbulent year thus far and anticipates the challenges still ahead.
Economics, Policy & Regulation
New Fed Chair Warsh Eyes Changes
When the New Fed Chair opens his first Federal Open Market Committee meeting on June 16–17, markets will watch for subtle policy shifts ahead.
Features
Private Credit: A Hot Market Hits a Crossroads
Two recent corporate defaults have aggravated market anxiety about private-credit funds’ scrutiny of borrowers’ risks, prompting calls for tighter oversight...