Bank beats forecasts with fourth-quarter net profit of $770mn

Also in today’s newsletter: tariff roulette

Europe’s largest asset manager is ‘looking at everything that would improve our growth’, says Valérie Baudson

Plus: remember China?

The crypto-head former White House communications director talks about SBF, memecoins, Tether and Trump

Shifts in global economic and financial order are making this concept less effective

He wants to invest the money but doesn’t know where to start

Assets under management in active ETFs in Europe rose to $56.7bn in 2024, according to Morningstar

1869 scheme will invest in Wall Street bank’s private market vehicles

Britain has pledged to halt new export finance to oil and gas developments in wake of COP26 in 2023

Futures point to lower open on Wall Street

US proposal appears to align with President Zelenskyy’s strategy to keep Washington onside

US president set to talk to China’s Xi Jinping in coming days as threatened tariffs on Beijing loom

Wanblad’s remarks come as a worldwide trade war threatens to upend the flow of commodities

Perhaps the worst has already been priced in or markets just don’t know where to begin

Oil cartel gives no reason for move, which comes despite warming ties between US and Saudi Arabia

Bigmouth STRKs again

Ether drops more than a fifth after traders dump risky assets

US president likely to take reaction to tariff rises as a win

Finma notified bank it had opened proceedings regarding exposure to failed property group Signa