Trump administration to roll back banking rules

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  Good morning from the Financial Times.

• 00:37

  Today is Monday, May 19th, and this is your FT News Briefing.

• 00:41

  The UK and the European Union are looking to patch things up,

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  and US regulators want to roll back major banking rules.

• 00:50

  Plus, China is going all in on electric power.

• 00:55

  I'm Kasia Broussalian, and here's the news you need to start your day.

• 01:09

  The UK and the EU are holding their first summit today since Brexit.

• 01:14

  Senior European officials will meet Prime Minister Keir Starmer in London to sign a defence and security partnership.

• 01:21

  It's a significant move for both sides.

• 01:24

  They're trying to make up after a messy divorce.

• 01:26

  But don't quite call it a reset, at least not yet.

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