FT News Briefing What’s with Wall Street’s weird selloffs?
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Feb 16, 2026 
George Steer, an FT U.S. markets correspondent who tracks Wall Street volatility, and Kana Inagaki, an FT industry editor focused on the auto sector, discuss recent market shocks. They cover AI-driven, odd selloffs and algorithmic trading impacts. They also examine regulatory rollbacks hitting EV plans and insurance strains as gold soars.
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EU Bank M&A Rebounds
- EU cross-border bank mergers surged to their highest level since 2008 as profits and share prices revived dealmaking.
- Executives blame past regulatory and political hurdles for the sector losing ground to US rivals.
Regulation Reversals Hurt Carmakers
- US regulatory rollbacks forced carmakers to halt or cancel EV investments and take huge write-downs.
- Stellantis, Ford and GM logged multi-billion dollar charges after reversing EV-focused plans.
Global Markets Force Multi‑Energy Strategies
- Carmakers must offer multi-energy lineups because different markets move at different paces on electrification.
- Chinese rivals like BYD will keep advancing EVs while US players juggle petrol, hybrid and electric models.