Britain is asking itself whether quitting the European Union would be good or bad — for Britain. President Barack Obama is advising Britain to stay — presumably because he thinks that would be good for the U.S. But what if Brexit would be good for Britain and the U.S. mainly because it would be good for Europe? I’m led ...

  London / Reuters Barclays reported a worse than expected 33 percent slump in pretax profits for the first three months of the year, as the lender followed its US peers in reporting falling investment banking revenues in a weak global market environment. Barclays said first quarter pretax profits fell to £793 million ($1.15 billion), just below the average forecast ...

  Bloomberg Standard Chartered Plc Chief Executive Officer Bill Winters expects erratic swings in global markets to continue for at least the rest of this year, complicating his efforts to reinvigorate earnings and restore the Asia-focused lender’s dividend. Reviving “depressed” revenue in the face of a sluggish economy and a slump in commodities prices is “the big challenge,” Winters said. ...