To every complex human problem, there is a solution that is neat, plausible — and wrong. That observation by H.L. Mencken came to mind as rumours resurfaced this week that pro-Brexit Conservatives were plotting to oust their leader, Prime Minister Theresa May, by triggering a no-confidence vote in Parliament. Getting rid of May might be a neat solution to the ...

Strong US economic growth has encouraged the Trump administration to escalate the trade war with China, putting increasing pressure on that nation’s economy and financial markets. At the same time, the Federal Reserve raised interest rates last month for the eighth time since December 2015, and a majority of policy makers even see the need to boost rates above the ...

Risk and return go together, as any good investment manager will tell you. That’s the dilemma facing overseas private bankers serving China: Household wealth of $29 trillion presents an unmissable opportunity, but the hazards of tapping it may also be unusually high. Banks including Julius Baer Group Ltd. and Citigroup Inc. have told relationship managers to delay or reconsider travel ...