US’s biggest bank also lifts loan loss provisions after agreeing to take over Apple’s credit card portfolio

There is no precedent of a dominant power abandoning its primacy, as Trump is doing

Government will reveal much-delayed plans for major new and upgraded rail links in north of England

Governors from 11 institutions issue statement of support for embattled Fed chair

Broadcaster argues that ‘Panorama’ documentary at centre of president’s claim was not available in the US

US president has threatened another military intervention in the protest-hit country but his objectives are unclear

Currency at lowest in 19 months after finance minister expresses concern over ‘one-way’ weakening

One of the world’s wealthiest charitable foundations notes ‘exceptional levels’ of market concentration in tech stocks

Essential reads on the politics and history of the country’s Islamic regime since the revolution and fall of the Shah in 1979

Race for coveted role comes as bank fights Swiss government over threat of more stringent capital buffers

Over the past 50 years the state has become overly reliant on a few deep pockets that it cannot afford to lose

Implementing automation systems requires a lot of planning, time and money

Negotiations come as asset managers turn to retail investors after slowdown in flow of cash from institutional backers

Balderton Capital led $75bn fintech’s first funding round and retains substantial stake even after cashing out $2bn

Industry data points to disappointing Christmas for shops as consumers held back

Backlash builds as Trump administration’s prosecutors target head of US central bank

British ministers aim to secure foreign investment at the World Economic Forum

Levies to be applied immediately by US could affect nations such as China and India

Shadow chancellor Mel Stride will also propose reforms to OBR aimed at ‘fully capturing’ impact of tax cuts on growth

Federal Reserve chair could stay on the board beyond this year in effort to protect US central bank’s independence

Joint statement accuses Trump administration of behaving as if US is an emerging market ‘with weak institutions’

Richard Knighton warns MPs of budget shortfall and the need for difficult decisions

Deal with Apple fuels investor optimism over Big Tech group’s competitiveness with OpenAI’s ChatGPT

Matt Benchener to replace Richard Flint as boss of UK’s biggest ‘DIY’ investment site