How Deutsche Bank got its groove back
6/3/202611 min
President Donald Trump has signed an executive order that creates a “voluntary framework” for the US to gain early access to cutting-edge AI models, and the conviction of short seller Andrew Left may change how investors take positions. Plus, gold has overtaken US Treasuries as the world’s top reserve asset, and we’ll look at how Deutsche Bank moved past its reputation as the sick bank of Europe.
Mentioned in this podcast:
Donald Trump signs watered-down AI vetting order after Maga infighting
Short seller Andrew Left found guilty of securities fraud
Gold replaces US Treasuries as world’s top reserve asset, ECB says
How Deutsche Bank learned to stop chasing America
Shipping tycoon prefers $200,000 fee to cross Strait of Hormuz to ‘this hassle’
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The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. It was edited and hosted by Marc Filippino. Our show is mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript preview
First 90 secondsMark Filippino· Host0:00
[intro music] Good morning from the Financial Times. Today is Wednesday, June 3rd, and this is your FT News Briefing. The White House is trying to keep tabs on AI models, and the conviction of a famous short seller could change how people invest. Plus, sure, Deutsche Bank has had its problems, but the German lender has turned things around.
Simon Foy0:21
There are still some reputational issues that, that are ongoing, but I think people within the bank hope they are largely past that and that this new strategy will bear fruit.
Mark Filippino· Host0:31
I'm Mark Philippo, and here's the news you need to start your day. [upbeat music] US President Donald Trump signed an executive order on AI yesterday. It creates a voluntary framework that allows the government to vet AI models. The move comes after officials raised concerns about the security risks posed by frontier AI platforms, most recently Anthropic's Mythos. The signed order asks AI labs to submit new models for security review up to 30 days before they are released to the public. An earlier draft of the order proposed a longer 90-day period, but Trump pulled that version abruptly last month because of warnings within his administration that tighter oversight could hamper the growth of leading AI labs. Regulation of the technology has become a thorny issue for the president. Some of his allies, including former White House chief strategist Steve Bannon, have