BaFin fines Deutsche Bank €23mn for string of regulatory lapses

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Germany’s financial watchdog has fined Deutsche Bank €23mn over a series of violations of the country’s securities and payments laws, the latest sign that Germany’s largest lender is struggling to move past its history of … Read more

Companies brace for price pressures as Trump tariffs start to bite

Businesses have begun stockpiling materials, reviewing manufacturing footprints and preparing to raise prices as Donald Trump’s trade war has entered “uncharted territory” with sweeping tariffs on Canada, Mexico and China. Sectors including manufacturing, retail and food were among those to highlight shocks to their supply chains after the US president imposed 25 per cent duties … Read more

Donald Trump’s tariffs will bring ‘nothing but pain’ to rural America, farmers say

US farmers reacted with fury to President Donald Trump’s tariffs on imports from Canada, Mexico and China, saying a trade war will threaten their markets, push up the cost of inputs such as fertiliser and “take a toll on rural America”. Farmers expressed particular concern about the impact of retaliatory tariffs, saying they will restrict … Read more