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

After the vote to leave the EU in 2016, the pound plunged against the US dollar. But if Trump's tariffs are America's 'Brexit,' might that cancel out — in exchange rate terms at least — Britain's Brexit? And how high might the pound go?

Exclusive: Apple executives have held internal discussions about potentially bidding for artificial intelligence startup Perplexity AI, seeking to address the need for more AI talent and technology.

StoneX’s Vincent Deluard joins Merryn Talks Money to explain why he thinks economic downturns are going out of style.

A memo titled "Abolishing FEMA" outlines ways for Trump to scrap the agency. Zahra Hirji explains how the administration aims to create a re-branded, radically smaller disaster response organization bloom.bg/4lle1Wi

THIS WEEKEND: Watch the #BloombergTech TV special on Bloomberg TV. Relive the highlights and key takeaways from San Francisco with co-hosts Emily Chang and Tom Giles https://bloom.bg/4ec7vi1 Here's when to watch: Friday, June 20 at 7 p.m. ET Saturday, June 21 at 5:30 & 11:30 a.m. ET Sunday, June 22 at 8 a.m. ET

Major universities have helped transform North Carolina's Research Triangle into a science and tech powerhouse. It's also what makes the hub particularly vulnerable to federal spending cuts. Read more: bloom.bg/3Ty0yyd 📷: Cornell Watson/Bloomberg

On this episode of the Everybody's Business podcast, Megan Greenwell talks to Stacey Vanek Smith and Max Chafkin about the economic destruction private equity has wreaked on US companies like Toys R Us and the effects that are rippling through working-class communities https://lnkd.in/eV8npKKb

New: A federal judge issued a new order that will allow Harvard to continue enrolling foreign students while the school fights to overturn President Donald Trump’s proclamation barring their entry.

NATO allies are pressing Spain to end its holdout on a stepped-up defense spending target that’s one of US President Donald Trump’s key demands.