Bloomberg Business

Fed’s Meeting Minutes to Detail How Officials Weighed Bank Risks

The Federal Reserve will offer new insight Wednesday into how policymakers reached one of their most difficult decisions in years, shrugging off bank failures that roiled markets last month to deliver a quarter-percentage-point rate hike amid signs of stubborn price pressures.

Eskom Latest: Cuts Ramp Up, Restoring Pylons May Take Five Days

South Africa’s state-owned electricity provider, Eskom Holdings SOC Ltd., has had to implement the worst rolling blackouts since Feb. 26 after generating units at six power stations were unable to contribute to meeting demand.

BOE Governor Says Small Bank Depositors Need More Protection

Bank of England Governor Andrew Bailey said regulators need to look again at how much protection they extend to depositors at smaller banks, one of the key lessons he said should be learned from the recent crisis in the financial system.

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