Iran already has a lot of problems, and the next one could be a banking crisis

Nothing is easy for Iran’s economy these days, and things could soon get even tougher. The U.S. House of Representatives is expected to pass a bill Tuesday to put new sanctions on Russia, North Korea — and Iran. A Senate version passed overwhelmingly last...

Goldman Sachs is scaling back its role as a lead market maker for exchange-traded funds

Relatively high regulatory and other costs of operating as an LMM prompted the pullback by Goldman, one of the few large banks remaining in that role, some people said. A spokeswoman for Goldman declined to comment on the bank’s market-making business. The move...