Caroline Hepker

His radical restructuring has won praise from investors and driven the bank's shares up almost 90% since he took the helm.

It means also that the bonus pool at Europe's largest bank is up by 10% to $3.93 billion, the highest in at least a decade.

Now we've got some breaking earnings news from Diageo.

First half organic net sales came in below estimates, down by 2.8%.

First half net sales came in at $10.46 billion, so below the estimated $10.59 billion.

Diageo also has updated its full-year guidance.

It now sees full-year organic net sales down 2% to 3% because of more weakness in the United States.

This is the first set of earnings for the new Diageo CEO, David Lewis.

That's news when you want it with Bloomberg News Now.

I'm Caroline Hepker.

And I'm Caroline Hepker.

I'm Caroline Hepka.

And this is Bloomberg.

And I'm Caroline Hepker.

Well, an assessment by the European Union has found that President Trump's planned 15% increase means that levies on some goods would be above the 15% ceiling agreed in the EU-US trade deal.

On Monday, the European Parliament suspended legislative work on approving that agreement, requesting clarity on Trump's new trade policy.

Josh Wingrove is Bloomberg's White House reporter.

Josh Wingrove speaking there after President Trump said on social media on Monday that he'll put much higher tariffs on countries that, quote, play games with the Supreme Court ruling.

Jamie Dimon says that he sees parallels to the 2008 global financial crisis when a rush to make loans ended disastrously.

Speaking to investors yesterday, the JP Morgan CEO suggested that some lenders are making riskier decisions in a bid to boost net interest income.