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

Arcane Congressional rules are apparently not our Pointed players’ strong suits.

Mercer Superannuation Australia will add private equity to its default pension options for the first time, joining a growing number of retirement funds in embracing the strategy to diversify their holdings

Tether, the El Salvador-based crypto company, now holds nearly 80 tons of gold. The vast majority of that is owned by the company directly, making it one of the largest gold holders in the world outside of banks and nation states. Read more here: bloom.bg/4lfIuVL

A Bloomberg investigation shows China is building data centers in the remote Xinjiang region to fuel its AI ambitions — and looking to buy 115,000 Nvidia chips banned by the US to power them. Listen to the Big Take Asia podcast.

A group of small businesses that won an order finding President Donald Trump’s sweeping global tariffs illegal urged a federal appeals court to uphold that decision and block the trade levies.

The latest forecasts from the UK's fiscal watchdog - the OBR - don't make for pretty reading. Our politicians need to get a grip, and one obvious place to start is by reforming the UK's state pension triple lock mechanism.

The US Supreme Court let President Donald Trump move ahead with plans to dramatically reduce the size of the federal government

On this episode of the Elon, Inc. podcast, Nancy M. Cook joins Max Chafkin and David Papadopoulos to discuss Musk’s latest idea — the creation of the “America Party.” Who would join his party and what will it take for Musk to win https://lnkd.in/ei9TqAdU

President Donald Trump said his administration is weighing whether to take control of the city of Washington, DC, to help combat crime.