The UK's energy partner.

Learn more at equinore.

Good morning from the newsroom of the Financial Times.

Today is Friday, June 28th. Good morning from the Newsroom of the Financial Times.

Today is Friday, June 28th, and this is your FT news briefing.

The Federal Reserve has singled out credit Suisse

for weaknesses in its capital plans.

Designer Johnny Ive will leave Apple at the end of this year.

Nike reports higher sales and profit margins in its latest quarter, and in an exclusive interview with the

F.T. Russian President Vladimir Putin says liberalism has become obsolete.

Plus the F.T's U.S US managing editor, Peter Spiegel,

previews what's to come at the G20 Summit in Japan. I'm Mark Filipino and

here's the news you need to start your day.

The Federal Reserve has singled out credits Suisse in its annual stress tests.

The Fed demanded that the bank fix, quote,

weaknesses in its capital plans. The Central Bank said that Credit Suisse

must address the concerns before it's allowed to increase payments to its parent in Switzerland.

Credit Suisse was the best capitalized bank in the Fed's stress test,

but officials said they were not happy with the bank's forecasted trading losses in the event of a severe downturn.

Meanwhile, Deutsche Bank passed without further question this year.

The troubled German lender failed last year's test. That meant that the US arm of the bank

wasn't allowed to make payments to its parent company in Germany without permission from the Fed.

...