Much work is required for the US to regain a position of moral authority required to take on new challenges around the world.

The US government wants to impose cost basis reporting on the investment industry to make it easier to determine how much capital gains tax investors owe on their securities. Michael Imeson reports.

Covered bond issuance out of the US will not only widen the global market, but also deepen the investor base for the European issuers, writes Michael Marray.

As the global financial services pie expands, New York City’s business is contracting and many blame this on unfavourable regulation. Dan Barnes reports on the prospects for regulatory reform.

Citigroup president and CEO Chuck Prince could enter the history books if he succeeds in the radical restructure he is planning for the world’s largest bank. Brian Caplen reports.

Noel Coward once wrote a song called ‘There are bad times just around the corner’, although I doubt he had the US economy in mind when he wrote it. However, as far as the US is concerned, in spite of the prognostications of many, the ‘corner’ has yet to be reached.

The UK bank’s US exposure should only be a short-term liability and shareholders will again benefit once the economy rebounds.

The risks of a US recession this year are high, and there is little likelihood that the rest of the global economy can uncouple itself to prevent a sharp global slowdown, writes Nouriel Roubini.

Strong business profit performance lies behind the upswing in the US economy, writes Yusuke Horiguchi.

This may be the year that the US pendulum swings away from excessive regulation towards balanced principles.