European Banks' Financial Performance

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Deutsche Bank said it will most likely refrain from conducting a second share buyback this year, after suffering its first quarterly loss in four years.

(2) BNP Paribas equities traders for the first time ever made more money than their fixed-income colleagues, highlighting the unit's growth over the past several years.

(3) Euro-area private-sector activity barely grew this month as its top economy unexpectedly slumped. S&P Global's composite Purchasing Managers' Index fell to 50.1 in July, according to data published Wednesday.

(4) Tesla reported another quarter of disappointing profit and confirmed a highly anticipated unveiling of autonomous taxis has been postponed, putting the carmaker's furious stock rally at risk.

(5) The UK's new prime minister Keir Starmer has suspended the party whip from seven of his own MPs after they backed a rebel amendment to scrap Britain's two-child cap on welfare payments, the first rebellion he's faced in the House of Commons since winning power. 

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