Wall Street

US Treasury recommends preserving Dodd-Frank bank resolution regime

In a closely watched report published on Wednesday, the administration of Republican President Donald Trump favored keeping the "orderly liquidation authority" (OLA) created by the 2010 Dodd-Frank law, in a win for big banks that had been lobbying to keep it.

Stock markets on track for best week in 6 years

World shares were set to post their best week of gains in six years on Friday after two consecutive weeks spent in the red, shrugging off a rise in global borrowing costs while the dollar hit its lowest level since 2014.