The Trump administration is paving the way for more US bank mergers, and China’s online retail giants are losing some key customers. Plus, the race to replace Federal Reserve Chair Jay Powell is heating up, and the UK is trying to make financial advice more accessible.

Mentioned in this podcast:

Deal hunger stirs among US banks

US shoppers ditch Shein and Temu as Trump closes tax loophole

White House says decision on nominating next Fed chair not ‘imminent’

UK launches biggest financial advice shake-up in more than a decade

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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US banks are hungry for deals

FT News Briefing

US banks are hungry for deals