The growing threat of a hard Brexit has prompted many investors to steer clear of British banks. For Barclays Plc Chief Executive Officer Jes Staley, a rupture with the European Union could turn out to be a handy lifeline. Staley, who has focussed on reviving the UK lender’s investment bank, has set himself a profitability target for 2019 and 2020 ...

Federal Reserve Chair Jerome Powell has taken a lot of heat about his failure to effectively communicate the central bank’s intentions with its first interest-rate cut since the financial crisis. One thing he was clear about, though: Policy makers find stubbornly low US inflation concerning, and persistently missing the Fed’s 2 percent target for price growth was a chief reason ...

Bloomberg US equity futures slumped with European stocks on Monday, tracking a sell-off across Asia after China struck back in its trade dispute with America and let its currency weaken through a milestone level. Treasuries led a global bond rally as investors dashed to safer assets. S&P 500 Index futures slumped as much as 1.5 percent, while declines in mining, ...