Trump administration rolls back banking rules

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The UK has held its first summit with the European Union since Brexit, with US authorities preparing to announce one of the biggest cuts in banks’ capital requirements for over a decade. Furthermore, European leaders want to influence US President Donald Trump ahead of their call with Russian President Vladimir Putin, and China is moving forward to become the world’s first “electrostatic object.”

It is mentioned in this podcast:

UK and EU reset talk “on the wire”

Europe races to influence Trump ahead of Putin’s call

Possibly dialing back bank rules imposed in conjunction with the crisis of 2008

How Xi triggered the China power revolution

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Topher Forhecz is the audio of FT’s acting co-head. The theme song for the show is due to metaphorical music.

Read the transcript of this episode on FT.com

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