UK Edition
Financial TimesWednesday, 15 April 2026
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Wall St bank earnings shatter records as traders thrive on Iran war volatility
Bumper haul at JPMorgan, Citi and Wells • $25bn in combined profits • Fears for consumer spending
The paper highlights the stark contrast between record-breaking banking profits and the geopolitical instability driving them, maintaining a clinical focus on the financial mechanics of the conflict rather than its human toll.
Major US banks are reporting significantly higher than expected first-quarter profits, driven heavily by trading activity that capitalised on the market instability caused by conflict involving Iran.
“traders thrive on Iran war volatility”
“Analytically detached and market-focused”
Fed nominee Warsh adds to rich roster of Trump picks with at least $130mn
Quantifies the personal wealth of a key political appointee, focusing on financial disclosures and potential conflicts of interest rather than political rhetoric.
Food prices alarm sounds
Highlights macroeconomic warnings of inflation and global poverty risks stemming from geopolitical conflict affecting agricultural commodities.
Russian businesses reel as tax rises feed war machine
Examines the domestic economic strain within Russia of funding military operations through increased corporate taxation.
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