Standard Chartered Plc shares surged after the bank reported a surprise decline in loan impairments and capital increased more than some analysts estimated. Pretax adjusted profit fell 64 percent to $539 million for the first three months of 2016, from $1.5 billion a year earlier, the London-based bank said in a statement Tuesday. West Shore Group Portfolio Manager James Rickards discusses the bank and Emerging Markets with Bloomberg's Francine Lacqua on "The Pulse."