FT News Briefing

US bank profits surge, Deutsche Bank recovers, Suez Canal officials seize ship

Three of the largest US banks beat profits expectations on Wednesday on the back of a strengthening US economy, and Egyptian authorities have seized the container ship that blocked the Suez Canal as they seek compensation of more than $900m from the Ever Given’s owners. Plus, the FT’s deputy editor, Patrick Jenkins, discusses Deutsche Bank’s turnaround after years as the “sick bank of Europe.”  Boom on Wall Street powers US bank profits<a href="https://www.ft.com/content/5cc8f198-345f-4a21-997f-acc841c7b39b" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/5cc8f198-345f-4a21-997f-acc841c7b39b</a> Deutsche Bank dodges bullets and goes mainstream<a href="https://www.ft.com/content/0c478d11-6ed2-4c68-870d-3d0e97f76745?" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/0c478d11-6ed2-4c68-870d-3d0e97f76745?</a> Ever Given seized as Egyptian authorities seek $900m compensation<a href="https://www.ft.com/content/25b347bc-4c03-464a-b6c3-ed72bacc12e2?" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/25b347bc-4c03-464a-b6c3-ed72bacc12e2?</a> Ponzi mastermind Bernard Madoff dies aged 82<a href="https://www.ft.com/content/e88fdde2-440a-4a77-8a20-d2116309d84a" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/e88fdde2-440a-4a77-8a20-d2116309d84a</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.