Wall Street bank expands elite cohort as trading and dealmaking boom fuels profits

Most fixed-rate borrowers are cushioned from the impact of this week’s decision but those coming off a five-year deal face a payment shock

Lender had shifted focus to talks with buyout groups after failing to clinch a £10bn takeover by Brazilian fintech Nubank

What’s in a name? Quite a lot under the Trump administration. But picking a side can backfire when the political climate changes

The agreement likely to be finalised this week does not preclude a future flotation of Franco-German group

BC Partners’ Nikos Stathopoulos to relocate as Athens uses new tax regime to target wealthy investors

Investors fear newly elected politicians up and down the US will seek to slow data centre development in blow to tech stocks

Property tribunal rules that Urban Splash should pay bulk of bill to fix safety defects at seven of its blocks in the city

Ørsted among the main gainers from the shift in political backdrop after two years of hostility from the Trump administration

Jeff Bezos’s rocket company slips further behind Elon Musk’s SpaceX following devastating explosion

Executives at FT’s Future of AI summit admit tech industry has fuelled hostility towards its own expansion

Boxer armoured vehicle order delay is fresh setback for German defence group

Experts claim disruptions are co-ordinated campaign to disrupt air travel across the region

No one at Hong Kong’s annual financial fiesta doubted the AI trade

Attack on institution’s own account used techniques that echo the hit on crypto exchange Binance last week

WB Electronics asks banks to pitch for roles managing listing ahead of potential Warsaw float next year

Billions can now access AI. This could spread wealth, or concentrate power further among the tech elite

Bill Gates, aliens and everything else we heard at the FT’s Future of AI Summit

The party prioritised tackling the high cost of energy during the midterms

Also in today’s newsletter: Oil plunges, and China blocks SoftBank’s acquisition of a robotics business