Caroline Hepker

According to Dimon, some of those decisions are related to artificial intelligence.

JP Morgan CEO Jamie Dimon there speaking at an investor event on Monday.

The news comes as the financial industry, like many others, has suffered declines in recent weeks due to AI concerns.

Dimon added that he expects the credit cycle will eventually sour again, though he's not sure when.

UK police have arrested former British ambassador to the US, Peter Mandelson, on suspicion of misconduct in public office.

This comes after the US Department of Justice released emails allegedly showing him forwarding government information to Jeffrey Epstein.

Mandelson was released on bail early this morning but is still under investigation.

He has not been charged and his lawyer has declined to comment.

Bloomberg's James Walcock has more.

Progress towards gender equality at the top of British businesses is achingly slow.

That's according to the CEO of the FTSE Women Leaders Review, which has released its latest report.

Bloomberg's Tiwa Adebayo has more.

And those are our top stories for you this morning.

Investors seem pretty jumpy today and yesterday about the impact of AI and the trade tariff uncertainty.

IBM shares plunged 13% on a new anthropic tool, the worst day in more than 25 years for IBM.

But U.S.

and European stock futures this morning are actually up at least two-tenths of 1%.

Some Asian equities also shrugging off the U.S.

sell-off.

Just look at the KOSPI up by 2% and Taiwan's TAIEX also up by 2.7% this morning.