FT News Briefing Hamas is not Israel’s only concern
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Oct 12, 2023 Analysts predict significant profit declines for major U.S. banks as rising interest rates suppress corporate lending. Meanwhile, Israel faces new threats from Hezbollah, complicating its response to Hamas. The podcast dives into the complex relationship between Hamas and Hezbollah, highlighting their differing aspirations and the risk of a broader conflict that could involve Iran. Additionally, Birkenstock's shares tumble over 12% on their debut, reflecting the volatility in the current market.
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Banking Sector's Shifting Landscape
- Big US banks benefited from rising interest rates, charging more for loans without proportionally increasing saver interest rates.
- Now, lending is slowing, and banks face pressure to reward savers, impacting profits.
Ellison's Damning Testimony
- Caroline Ellison, former Alameda Research CEO, testified against Sam Bankman-Fried.
- Ellison revealed Bankman-Fried ordered a cover-up involving billions of dollars.
Israel's Two-Front Concern
- Israel faces potential two-front conflict with Hamas in the south and Hezbollah in the north.
- Hezbollah, backed by Iran, aims to become a powerful regional rival to Israel.