Goldman Sachs and Bank of America Reporting Strong Quarter Results

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Big banks have really benefited from the Federal Reserve lifting interest rates. Bank of America and Morgan Stanley reporting this week. Goldman Sachs earnings for the second quarter is one of the biggest mysteries on Wall Street. Mid-sized regional banks are reporting earnings this week too.

The EU wants other polluting nations to cut emissions faster. Three of the largest US banks reported a surge in profits last week from charging more for loans as more US banks report this week. Plus the FT’s political editor, George Parker, examines how the UK conservative party might squeeze out a win during the country’s next general election.

Mentioned in this podcast:

‘We are on for a massive defeat’: can the Tories prevent the inevitable?

Large US banks reap bumper profits on Federal Reserve rate rises

EU pushes other polluting nations to cut emissions faster

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Saffeya Ahmed (suff-YUH, EH-med) Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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