European Banks Record Their Highest Profit Totals Since Before the Financial Crisis

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European banks are on to record their highest profit totals since before the financial crisis. The main reason for this is it's a real sugar rush, really, of rising interest rates. What we have seen with some of the banks is that they're taking these profits and offering quite large payouts to shareholders.

The US donor network led by billionaire industrialist Charles Koch has signalled it will oppose Donald Trump’s bid to secure the 2024 Republican presidential nomination, and European banks launch earnings season with healthy profits. Plus, the FT’s Robert Armstrong says the latest US jobs report is another piece in the US economic puzzle.

Mentioned in this podcast:

Billionaire Koch’s donor network says it opposes Trump’s re-election

UBS profits rise after Credit Suisse client defections

Deutsche Bank delays buyback decision as annual profits hit 15-year high

No signs of US slowdown in surprisingly robust jobs market

Capture: who's looking after the children? | FT Film

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by 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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