US-Russian Sanctions & Rogue Trader Nick Leeson Interview

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The US signaled that sanctions relief for Russia could be on the table in talks over the war in Ukraine as President Donald Trump rushes toward a deal to end the three-year conflict.

(2) Treasury Secretary Scott Bessent said that any move to boost the share of longer-term Treasuries in government debt issuance is some ways off, given current hurdles that include elevated inflation and the Federal Reserve’s quantitative tightening program.

(3) Israel said a body returned as part of a ceasefire agre ement with Hamas was not that of a young mother taken hostage in October 2023, as the militant group had claimed.

(4) Federal Reserve Bank of St. Louis President Alberto Musalem said policy should remain “modestly restrictive” until it’s clear inflation is on track to the central bank’s 2% target, and that he sees increased risks that progress may stall or even reverse.

(5) Citigroup is ending workplace representation goals and removing requirements to interview job candidates from diverse backgrounds, citing pressure from the Trump administration.

(6) As a growing chorus of bankers and politicians around the world demand the roll-back of crisis-era regulations, Nick Leeson — the former rogue derivatives trader who brought down one of the UK’s most venerated financial institutions — is starting to get worried.

Watch the full Nick Leeson interview: https://www.youtube.com/watch?v=jvqVzH__p0A

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