One of the biggest unanswered questions of Britain’s looming referendum is how much capital might flee the nation if it decides to go it alone. As it stands, foreign investors do better in Britain than British investors abroad, and that investment has been a big driver in the U.K. economy. It also helps explain why there’s so much concern about ...

FRANKFURT / REUTERS Euro zone banks should be encouraged to keep more of their profits rather than pay dividends, to bolster their capital and finance new loans, the head of research of the Bank of International Settlements (BIS) said on Thursday. The euro zone has been battling low economic growth and sluggish lending for years, and banks have complained that ...

NEW DELHI / AFP A group of Indian banks rejected on Thursday embattled businessman Vijay Mallya’s offer to repay $600 million in unpaid loans, less than half of what his defunct airline owes them. The banks told the Supreme Court in New Delhi that they wanted the 60-year-old flamboyant entrepreneur to return to India so they could negotiate with him ...