How Deutsche Bank wooed Jeffrey Epstein
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 26 February 2026
⏱️ 12 minutes
🧾️ Download transcript
Summary
Nvidia beat Wall Street’s estimates on Wednesday as the company continued to benefit from the boom in AI infrastructure, and HSBC is on track to deliver cost savings earlier than planned. Plus, Iran looks to tempt US President Donald Trump with investments in order to stave off war, and the FT’s Robert Smith explains how Deutsche Bank rolled out the red carpet for Jeffrey Epstein.
Mentioned in this podcast:
Nvidia rallies on robust earnings powered by AI investment boom
HSBC shares hit record as bank accelerates cost savings and lifts target
Iran to offer ‘commercial bonanza’ to US companies
How Deutsche Bank rolled out the red carpet for Jeffrey Epstein
Note: The FT does not use generative AI to voice its podcasts
Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:04.0 | Today is Thursday, February 26th, and this is your FT News briefing. |
| 0:08.7 | Nvidia is seeing the benefits of the AI boom, and HSBC's overhaul is starting to pay off. |
| 0:15.1 | Plus, we'll dig into how Deutsche Bank pulled out all the stops for Jeffrey Epstein. |
| 0:20.0 | I'm Mark Filipino, and here's the news you need to start |
| 0:22.2 | your day. |
| 0:31.4 | Nvidia continues to benefit from the massive investment in AI infrastructure. The world's |
| 0:36.3 | most valuable chip maker reported earnings |
| 0:38.2 | yesterday, and it brought in a little bit more than $68 billion last quarter. What's more, |
| 0:43.1 | the company said it expects revenue of $78 billion for the current quarter. Both of those |
| 0:47.9 | numbers are way higher than estimates. Invitya is continuing to pour hundreds of billions of dollars |
| 0:53.6 | into AI chips and data centers, |
| 0:55.7 | and yesterday said revenues from its AI chip technology was well ahead of schedule. |
| 1:00.7 | And this Blockbuster earnings report is good news for the AI sector and maybe worse news for |
| 1:05.7 | everyone else. We're coming off weeks of stock market volatility triggered by anxieties |
| 1:10.3 | over how AI could upend traditional industries. |
| 1:14.3 | Nvidia's share price rose in after-hours trading. |
| 1:23.7 | HSBC got a pat on the back from markets yesterday. |
| 1:26.9 | The bank announced that it was on track to deliver |
| 1:28.8 | cost savings six months early. This follows a decision last October to privatize Hong Kong's |
| 1:35.3 | Hengs-Heng Bank, which is now entirely owned by HSBC. I'm joined by the FTs Arjun Neil Allum to discuss. |
| 1:42.2 | Hi, Arjun. Hi there. So Arjun, what are the key points |
... |
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