Not that critics of Jerome Powell’s latest move don’t have some good points, says Streetwise columnist James Mackintosh.

The Australian bank said its first-half net profit fell by 16%, but it would return more capital to shareholders through an increased dividend and bigger share buyback.

Month’s pullback still leaves performance in the green so far in 2024. Also: A flashback to the 40th anniversary of the Continental Illinois banking crisis.

As hopes of interest-rate cuts fade, some commercial real-estate borrowers want to cut loose.

After years in the doldrums, European banks have cleaned up their balance sheets. The result: Stock prices have surged.

After Russian troops stormed into the country two years ago, Ukraine’s lenders said Kyiv could wait to pay them back. Now, their patience is starting to run out.