Bloomberg News

Welcome to Bloomberg’s new Banking Industry Monitor, bringing to you the top news on the global banking industry with emerging trends, winners and losers and market opportunities. Sign up: bloom.bg/4e65HY2 From the first edition: The war for talent and coping with regulators were recurring themes this week, along with signs that the drought in deal-making is still a drag on profits. Read more: bloom.bg/3HwT1NE

LONDON (AP) — Chokers no more.

Two competing groups of alumni have launched bids to buy back their shuttered college.

The UK prime minister is “gravely concerned” about Israel and Iran, Mali has a mud-brick building problem, and men in finance are suffering from pelvic-floor dysfunction.

Play Pointed, Bloomberg’s news quiz for risk-takers. This week's categories include The Beach Boys, AI, and fashion. Bet big on the topics you know, and maximize your score by leveraging your wagers. Choose wisely—wrong answers will cost you bloom.bg/4275XBz

Under Trump's FEMA, states can no longer count on federal aid to help them prepare for future natural disasters. Why?

Plus: The latest from Israel and Iran, and why the G-7 summit seems necessary amid global tensions.

You probably think that the last 10 years have been exceptional for US earnings. Not so. In fact they have been entirely average (or slightly below average). But something else has been exceptional: multiple expansion. The truth is that the S&P500 isn't better than usual. It's just an awful lot more expensive than usual. So anyone looking at the market now should be thinking less about fundamentals and more about flows.. what happens as the baby boomers sell up and foreign investors find their FOMO has shifted...  #flowsnotfundamentals https://lnkd.in/eYpq3q36

Cross-border road trips to the US from Canada fell for a fifth straight month, a gloomy outlook for many summer vacation spots. Read more: bloom.bg/4kKmQsQ 📷: James MacDonald/Bloomberg

CEO Wilhelm Schmid chats about one of the most talked-about timepieces of the year.