US investment banking expected to stay in the doldrums

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  Good morning from the Financial Times.

• 00:37

  Today is Monday, July 14th, and this is your FT News briefing.

• 00:42

  The EU delays imposing tariffs on the US.

• 00:46

  Investment banking on Wall Street is still feeling the pain.

• 00:50

  Plus, it's been 10 years since Greece's economy was in dire straits.

• 00:54

  We take a look at how it turned things around.

• 00:57

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

• 01:10

  The EU is pausing plans to hit the US with tariffs.

• 01:14

  It hopes to reach a new trade agreement instead.

• 01:17

  The European Union had planned to impose 21 billion euros worth of tariffs on US goods starting this Tuesday.

• 01:24

  But then, this weekend,

• 01:26

  US President Donald Trump said he would slap the bloc with 30% tariffs beginning August 1st.

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