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Incomes are rising but productivity has largely stalled, the fund says

Slawomir Krupa has overcome scepticism of turnaround, with IT costs and external consultants now in the line of fire

French banks, including Crédit Agricole, have struggled to reap benefits of higher interest rates at home

Resilience at investment bank provides one bright spot for chief executive

Shares have fallen 19% since CEO outlined new strategy focusing on capital rather than growth

French bank offset weak fixed income trading revenues with better performance elsewhere in investment bank

Lessons from other countries highlight importance of political consensus to fix chronic funding shortfall

Meta’s Mark Zuckerberg and X’s Linda Yaccarino are among five social media heads to face questioning by Congress

Also in this newsletter: Walz makes debut at Democratic rally, UK economy post-Covid, Nobel winner calls for calm in Bangladesh

Deal gives platform popular with meme-stock traders a market value of $9bn