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Bank of America traders bail out dealmakers with $5.3bn haul after tariff chaos

City Correspondent

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Bank of America’s traders notched $5.3bn in revenue on the back of volatility stoked by US tariffs in the second quarter, offsetting weaker dealmaking fees.

The 14% year-on-year jump in sales and trading revenue helped the US bank’s wider global markets business to a $6bn haul between April and June.

US bank joins rivals in reporting blow-out quarter for trading fees

Lars Mucklejohn

Banking

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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US law firm hires private equity specialist from key client

Some firm leaders have shrugged off deals as unenforceable, while at least one has taken on trade work for the administration with no fanfare.

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The bank’s economists had predicted tariffs could cause inflation and slow economic growth.

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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A pair of executive orders President Trump signed Thursday show how he is beginning to reshape the world of banking and finance.

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The U.K. central bank lowered its key rate for the fifth time in a year as it seeks to balance a pickup in inflation against a cooling jobs market.

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

Exits Lift Carlyle in Second Quarter as Firm Sees Better Market Conditions

The bank’s quarterly net result declined but revenue rose 13% compared with a year ago, and it reaffirmed its capital returns plans.

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A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

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Gold prices are climbing as the threat of a U.S. economic slowdown becomes increasingly real.

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The president is expected to sign an executive order as soon as this week that targets what is called debanking of businesses including crypto companies.

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Some fear a decline in the world-leading economic statistics underpinning U.S. markets.

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Big stock awards have grown much bigger for the chief executives of Palantir and Broadcom, driven by dramatic market gains and, in some cases, complex multipliers.

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The U.K. Supreme Court said a commission from a bank to a car dealer isn’t considered a bribe and dealers don’t violate rules by not disclosing this commission to customers.

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The largest U.S. crypto exchange’s revenue fell short of Wall Street expectations.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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Microsoft joined Nvidia in the $4 trillion market-cap club, while Meta is closing in on the $2 trillion mark.

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The New York investment firm posted a profit of $472.4 million, compared with $667.9 million a year earlier.

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America’s most powerful banker and the president have met twice in the past two months to talk about the economy, interest rates and trade.

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Trump and Dimon Are Talking Again After Yearslong Rift

The London-based bank said it is well on its way to achieving the target of returning at least $8 billion to shareholders over the three years ending in 2026.

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Britain’s Lottie Woad became one of the top players in the world by demolishing professionals while she was still an amateur. Now, she’s ready to start winning majors.

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Individual investors are trading with abandon, driving up prices of everything from stocks to crypto—and turbocharging the brokerage business.

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U.S. stock futures and European indexes gained, while the dollar strengthened against the euro, after President Trump announced the trade agreement Sunday.

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6wBWh42G8LGDgBv9AyhPJLBksT8wqohvUt85vb7SwbKw/K6AujdVeHuDDT8sC4kBa+Ml2dehH3HNswAidxmui2c3PO4hBnj3obB4ipFf4c7b3YgV4Qc/tjxnsRhnG1xPae9yehljwczvC0fHfzZipJRxOACdhGcgP5W3Gh3kO8jpJRZVPh40K9tdYZmjr2dlsP0VMBFX8z+Sqe9Grefcd+F/K5rnTQ9Ru5Y1+sHoDkf6Dv+Qxf5qUU5r7ejpiY2cA0PV8ZQvcPjTDH9MerwznfbyuwDMdJ4lvWAExYHNzAO582mwUmdvVVYTLlRPFsr9HdO5coAHwSbuLzufTwYnOvBrpzftfbiEe8/UnFQYpOjPd3XA0l45i3q4exssViI95cu5

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