Simon Foy

Arjun Neil-Allam, the Asian financial correspondent for the Financial Times, sheds light on the growing fears of an AI bubble in Asian markets influenced by US trends. He discusses how a few AI stocks are propping up index gains and warns of potential ripple effects on Asian suppliers if US markets correct. Simon Foy, the European banking correspondent, reveals that UniCredit's ambitions to expand are stifled by political opposition in Germany and Italy, urging better stakeholder engagement for future M&A attempts.

Hamza Jelani, an FT reporter with on-the-ground experience in Afghanistan, and Simon Foy, an FT banking correspondent expert on trading and markets. They discuss European banks’ decade-beating trading revenues and what drove last year’s boom. They cover risks to banks, outlooks for 2026 trading, Wayve’s $1.2bn raise, and the mass return of Afghans and its economic impact.