New GILTI guidance specifies that companies must allocate only half of certain domestic expenses to foreign subsidiaries.

Fed report predicts lenders would survive “elevated business bankruptcies and outsized losses” in junk bonds, but investors would suffer.

Stress test demonstrates banks' capital strength and shows they have the liquidity needed to survive a major market disruption.

Funds with $91 billion in assets ask for transition period to meet new EU regulation.

A Q&A with the creator of the LIBOR replacement.

UBS view: “The taxes have not done much damage, because they have been evaded. They have also had little to no impact on the burgeoning U.S. trade deficit.”

Growth and market headwinds may reduce the number of times the Federal Reserve raises interest rates next year.

Corporate debt boom, which is not primarily fueling capital investments, may be a bust for the economy overall.