The antithesis of trust

Who do you trust? My trust is built on nothing less than Jesus' blood and righteousness. Anyone betting against EU and British stocks 3 months ago is very rich and either very smart or .... Please look at the dollar price. Please consider the $10,000,000,000 settlement with Volkswagen. How timely? For who? From WSJ

Barclays, which has seen its share price slump 30% since last Thursday, finds itself in the eye of the storm. Following his arrival last year, chief executive Jes Staley pledged Barclays would remain diversified with a sizable investment bank and that his team could boil down ​a mountain​​ of unwanted assets by 2017. Analysts say that the uncertainty around Brexit could hamper the bank’s plan to cut costs as it may have to relocate certain investment banking operations outside the UK. It could also dull investor appetite for some unwanted assets. “It puts a spanner in the works,” says Joseph Dickerson, a banks analyst at Jefferies. Barclays currently has no plan to alter its strategy, according to one senior executive. Around 60% of Barclays’ investment banking revenue comes from the US, and a fall in sterling makes dollar generated revenues more valuable. So far, volumes in foreign currency trading have managed to offset falls in other products across Europe and plans to sell down its “noncore” unit are on track, the executive added. Read the full story on WSJ.com city@wsj.com