The US and China continue to head toward a possible trade war, as negotiations to bridge the gap between the two countries last week ended inconclusively. Donald Trump’s administration has demanded far-reaching Chinese concessions to reduce the bilateral trade deficit, address Beijing’s mercantilist trade practices, and open up key sectors of the Chinese economy to greater foreign competition. The White ...

Britain’s big four banks, branded dinosaurs by the many upstarts that have sprung up since the crisis, were supposed to be extinct by now. Yet with Brexit around the corner, their bulky balance sheets and dominant market share are proving hard to kill. Judging by the latest proposed pairing of two challengers — CYBG Plc and Richard Branson’s Virgin Money ...

UK regulators have given Barclays CEO Jes Staley what looks like a slap on the wrist after his botched attempt to unmask a whistle-blower. He will be fined, but will get to keep his job — lucky for the board, given their lack of appetite for a power vacuum at the top of one of the country’s biggest banks. Ousting ...