FT Banking Weekly
The Financial Times banking team discusses the biggest banking stories of the week, bringing you global insight and commentary on the top issues concerning this sector. To take part in the show or to comment please email audio@ft.com
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Episodes
Behind the Money: Missing out on the US small business rescue
Behind the Money is a podcast from the Financial Times that takes listeners inside the business and financial stories of the moment, with reporting from FT journalists around the world. You can find Behind the Money wherever you get your podcasts, including FT.com/behindthemoney.The Trump administration’s small business bailout programme has been plagued by problems from the start, with complaints that large companies crowded out the kinds of small enterprises and independent contractors it was designed to help. With a fresh round of funding on offer from Washington, we hear from several business owners trying to get their share, as well as the FT’s Laura Noonan who has been reporting on the programme since it launched. Hosted on Acast. See acast.com/privacy for more information.
28/04/20•21m 27s
Behind the Money: Running a small business during a global pandemic
Behind the Money is a podcast from the Financial Times that takes listeners inside the business and financial stories of the moment, with reporting from FT journalists around the world. You can find Behind the Money wherever you get your podcasts, including FT.com/behindthemoney.Mauren Pereira's drapery business was on track for its most financially successful year to date. That was until the coronavirus outbreak reached Virginia. Behind the Money reports on how one small business owner is navigating the current economic crisis. With Brendan Greeley, US economics editor for the Financial Times. Hosted on Acast. See acast.com/privacy for more information.
14/04/20•20m 27s
Behind the Money: Ford, GM and the corporate dash for cash
Behind the Money is a podcast from the Financial Times that takes listeners inside the business and financial stories of the moment, with reporting from FT journalists around the world. You can find Behind the Money wherever you get your podcasts, including FT.com/behindthemoney.When credit markets seized up earlier in March, more than 130 companies rushed to their lenders to draw down at least $124bn of emergency credit lines to shore up cash, with Ford and General Motors drawing among the largest amounts. We look at how the auto industry is preparing for the economic uncertainty that lies ahead. With the FT's Peter Campbell and Gillian Tett. Hosted on Acast. See acast.com/privacy for more information.
31/03/20•18m 51s
Introducing Behind the Money: Barclays and the legal fight over a 'controlling mind'
Behind the Money is a podcast from the Financial Times that takes listeners inside the business and financial stories of the moment with reporting from FT journalists around the world. You can find Behind the Money wherever you get your podcasts, including FT.com/behindthemoney.A costly investigation into the conduct of senior Barclays bankers during the 2008 financial crisis has raised questions about what it means to prosecute allegations of corporate crime, and whether Britain’s fraud laws need overhauling. The FT's Caroline Binham and Jane Croft report. Hosted on Acast. See acast.com/privacy for more information.
17/03/20•28m 42s
Coronavirus and the new oil price war
How are banks dealing with the market chaos caused by coronavirus and the new oil price war? Also, Bob Diamond has appointed his flamboyant former right-hand man at Barclays, Rich Ricci, as chief executive of Panmure Gordon, the lossmaking UK stockbroker he bought two years ago. What are the two musketeers now up to? And we also hear from special guest Katie Murray, chief financial officer of RBS. Contributors: Host, Matthew Vincent, regulation correspondent, Stephen Morris, European banking correspondent, Laura Noonan, US banking editor, and Nicolas Megaw, retail banking correspondent. Producers: Andrew Georgiades and Breen Turner. Hosted on Acast. See acast.com/privacy for more information.
10/03/20•20m 55s
Coronavirus contingency planning
Matthew Vincent and guests discuss European banks' readiness to handle a coronavirus epidemic, whether Europe’s investment banks are in full retreat in the US, and Deutsche Bank’s compliance problems in the UK. With special guest Miles Celic, chief executive of TheCityUKContrbitutors: Matthew Vincent, regulation correspondent, Katie Martin, capital markets editor, Stephen Morris, European banking correspondent, and Laura Noonan, US banking editor. Producers: Fiona Symon and Persis Love Hosted on Acast. See acast.com/privacy for more information.
03/03/20•19m 56s
European banks' game of thrones
Matthew Vincent and colleagues discuss the hunt for new chief executives among Europe's top banks and JPMorgan's plans to launch a digital bank in the UK. With special guest Sir Mike Rake, former CBI president, and former deputy chairman of Barclays.Contributors: Matthew Vincent, regulation correspondent, David Crow, banking editor, Stephen Morris, European banking editor, and Nicholas Megaw, retail banking correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
25/02/20•17m 52s
HSBC shrinks in the US and Europe
Matthew Vincent and guests discuss what's behind HSBC's decision to cut 35,000 jobs in the US and Europe, Jes Staley's future as boss of Barclays after another regulatory probe, RBS's new name, and Deutsche Bank's disappearing compliance contractors. With special guest Philip Augar, author of The Bank that lived a little: Barclays in the age of the very free market.Contributors: Matthew Vincent, regulation correspondent, David Crow, banking editor, Stephen Morris, European banking editor, Nicholas Megaw, retail banking correspondent, and Emma Agyemang, FT Money reporter. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
18/02/20•23m 13s
Britain's Brexit gambit, Thiam ouster
Matthew Vincent and guests discuss revelations about the UK's opening gambit in seeking a deal on 'equivalence' with the EU, Tidjane Thiam's ouster from Credit Suisse, HSBC's delay in choosing a permanent chief executive, and challenger bank Starling's fund raising. With special guest Ann Boden, chief executive of Starling Bank.Contributors: Matthew Vincent, regulation correspondent, David Crow, banking editor, Stephen Morris, European banking correspondent, and Nicholas Megaw, retail banking correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
11/02/20•22m 42s
Goldman's tech tie-ups, DBank's turnaround and bankers' misconduct
Matthew Vincent and colleagues discuss Goldman Sachs and Amazon - another big tech tie-up for the Wall Street name, Deutsche Bank's profit targets, and what a case of stealing from a workplace canteen tells us about the current climate for ethics and compliance in banking. With special guest Russell Quelch of Redburn, the equity research house.Contributors: Matthew Vincent, regulation correspondent, Stephen Morris, European banking correspondent, Robert Smith, capital markets correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
04/02/20•19m 36s
Barclays bonuses, Goldman's consumer gamble and Amigo's share plunge
Matthew Vincent and guests discuss the double-digit fall in the 2019 bonus pool for Barclays investment bankers, Goldman Sachs's shift in focus towards consumers, and UK subprime lender Amigo's dramatic fall in value. With special guest Dr Monica Franco-Santos, reader in governance at the Cranfield School of Management.Contributors: Matthew Vincent, regulation correspondent, Stephen Morris, European banking correspondent, Laura Noonan, US banking editor, and Nicholas Megaw, retail banking correspondent. Producers: Fiona Symon and Persis Love Hosted on Acast. See acast.com/privacy for more information.
28/01/20•21m 12s
Davos News, Bank of America outlook and JPMorgan's shift towards Paris
Patrick Jenkins and guests discuss the latest from the World Economic Forum in Davos, the outlook for Bank of America, and JPMorgan Chase's decision to buy a second office in Paris. With special guest Brian Moynihan, chief executive of Bank of America. Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Laura Noonan, US banking editor, and Stephen Morris, European banking correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
21/01/20•13m 53s
Barclays under fire on climate
Patrick Jenkins and guests discuss the pressure Barclays has come under to curb fossil fuel financing, a radical plan to overhaul regional banking in Japan, and the latest US bank results. With special guest Christian Wilson from ShareAction. Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Robin Harding, Tokyo bureau chief, and Laura Noonan, US banking editor. Producer: Fiona Symon. Hosted on Acast. See acast.com/privacy for more information.
14/01/20•14m 18s
HSBC targeted by Hong Kong protesters, SocGen M&A
Patrick Jenkins and guests discuss why protesters in Hong Kong are targeting HSBC, whether Société Générale is in a position to merge with other banks and the challenges facing banking in 2020. With special guest John Garvey, Global Head of Financial Services at PWC.Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, George Hammond, finance reporter, Stephen Morris, European banking correspondent, Robert Armstrong, US finance editor and John Garvey, Global Head of Financial Services at PWC. Producer: Persis Love Hosted on Acast. See acast.com/privacy for more information.
07/01/20•16m 42s
UK stress tests, racism at JPMorgan and predictions for 2020
Patrick Jenkins and guests discuss what the latest stress tests tell us about the health of UK banks, racism in US banking after recent revelations about the treatment of black customers at JPMorgan Chase, and predictions for the year ahead. With special guest Laurie Mayers, associate managing director at Moody's.Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Nicholas Megaw, retail banking correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
17/12/19•19m 42s
Bank capital rules, peer-to-peer lenders and Goldman for the masses
Patrick Jenkins and guests discuss whether regulators are easing up on bank capital rules, tough times for UK peer-to-peer lenders, and why Goldman Sachs is planning to bring wealth management to the masses. With special guest Harald Benink, professor of banking and finance at Tilburg University in the Netherlands.Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Nicholas Megaw, retail banking correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
10/12/19•17m 34s
Risks mount in European banks, EBA warns
Patrick Jenkins and guests discuss the EBA report on mounting risk in the European banking system, Goldman Sachs’ first ever investment day and why the pensions of UK banking CEOs are being cut. With special guest Mario Quagliariello, director of economic analysis at the European Banking Authority.Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, Stephen Morris, European banking correspondent, Nick Megaw, retail banking correspondent and Laura Noonan, US banking editor. Producer: Persis Love Hosted on Acast. See acast.com/privacy for more information.
03/12/19•17m 15s
Outlook for German banks
Patrick Jenkins and guests discuss the health of German banks in the wake of bearish comments from Moody's and the Bundesbank, Unicredit's potential share buyback and why European banks appear to be retrenching in the US. With special guest Magdalena Stoklosa head of European banks research at Morgan Stanley.Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Olaf Storbeck, Frankfurt correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
26/11/19•14m 16s
Google eyes Citigroup for new banking venture
Patrick Jenkins and guests discuss Google's move towards banking that could see it team up with Citigroup, why Australia's big four are facing difficult times and what's in the report on TSB's software failure last year. With special guest Masha Cilliers, Specialist Payments Partner at Be.Contributors: Patrick Jenkins, financial editor, Tim Bradshaw, global tech correspondent, Robert Armstrong, chief editorial writer, Jamie Smyth, Australia correspondent and Nicholas Megaw, retail banking correspondent. Producers: Persis Love and Aimee Keane. Hosted on Acast. See acast.com/privacy for more information.
19/11/19•17m 52s
Germany moves to unblock eurozone banking union
Patrick Jenkins and guests discuss Germany's concession that could unblock progress towards a eurozone banking union, investor moves against Deutsche Bank chairman Paul Achkleitner, and what's behind the recent spate of personnel changes in investment banking. With special guest Lorenzo Bini Smaghi, chairman of Société Générale.Contributors: Patrick Jenkins, financial editor, Martin Arnold, Frankfurt bureau chief, Olaf Storbeck, Frankfurt correspondent, Jonathan Guthrie, Lex editor, David Crow, banking editor, and Laura Noonan, US banking editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
12/11/19•18m 5s
Payment fraud, DBank leadership and JPMorgan loans
Patrick Jenkins and guests discuss push-payment fraud in the UK and who should compensate the victims, why Deutsche Bank is coming under pressure from investors to appoint a new investment banking chief, and why JPMorgan Chase in the US has been selling off loans from its balance sheet. With special guests: Stephen Jones, chief executive of the banking association UK Finance and Rushanara Ali, Labour MP and member of the UK Treasury Select Committee.Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, Stephen Morris, European banking correspondent, and Robert Armstrong, US financial editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
05/11/19•20m 21s
HSBC and UBS restructure, Lloyds slips up
Patrick Jenkins and guests discuss the latest restructuring plans at HSBC and UBS, and the embarrassing mishandling of wills at Lloyds Bank. With special guest Eric Moore, fund manager at the UK's Miton Income Fund.Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Stephen Morris, European banking correspondent, and Nicholas Megaw, retail banking correspondent. Hosted on Acast. See acast.com/privacy for more information.
29/10/19•13m 36s
StanChart pay row, Citigroup on Brexit and Facebook's Libra
David Crow and guests discuss Standard Chartered chief Bill Winters' 'voluntary' pay cut after a dispute over his pension allowance, Citigroup's confidence in the City of London regardless of the outcome of Brexit, and gathering clouds for Facebook's much hyped digital currency, Libra. With special guest David Livingstone, chief executive of Citigroup in Europe, the Middle East and Africa.Contributors: David Crow, banking editor, Stephen Morris, European banking correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
22/10/19•18m 7s
Barclays trial, climate initiative and Fed regulatory reprieve
Patrick Jenkins and guests discuss the retrial of former Barclays bankers over the bank's arrangements with Qatar at the height of the financial crisis, the poor level of support among banks for a climate change initiative backed by Bank of England governor Mark Carney, and the Fed's decision to drop the introduction of tougher liquidity rules for foreign banks. With special guest, Erkin Nosinov, a director at BCS Consulting.Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, David Crow, banking editor, and Laura Noonan, US banking editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
15/10/19•15m 53s
HSBC job cuts, US bank results and Metro Bank chairman departs
Patrick Jenkins and guests discuss HSBC's cost-cutting drive, what to expect from next week's US bank results, and the departure of Vernon Hill from Metro Bank. With special guest Jordi Gual, chairman of Spain's CaixaBankContributors: Patrick Jenkins, financial editor, David Crow, banking editor, Laura Noonan, US banking editor, and Nicholas Megaw, retail banking correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
09/10/19•17m 1s
Credit Suisse scandal, Wells Fargo's new chief and ECB interest rate policy
David Crow and guests discuss the scandal that has engulfed Credit Suisse, including the apparent suicide of a security consultant involved in a corporate espionage operation for the bank, US bank Wells Fargo's new chief executive, and the merits of the European Central Bank's interest rate policy. With special guest Jean Pierre Mustier, president of the European Banking Federation and chief executive of Italian bank UniCredit.Contributors: David Crow, Banking editor, Sam Jones, correspondent in Zurich, Laura Noonan, US banking editor, and Patrick Jenkins, financial editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
01/10/19•21m 25s
RBS's new chief, Swiss hiring spat and who advised WeWork?
Patrick Jenkins and guests discuss RBS as Alison Rose, the first woman to lead one of the UK’s top banks, takes the helm, Iqbal Khan and the hiring spat between Credit Suisse and UBS, and the role of US investment banks in the failed WeWork IPO. With special guest John Cronin of Goodbody stockbrokers in Dublin.Contributors: Patrick Jenkins, financial editor, Nicholas Megaw, retail banking correspondent, Stephen Morris, European banking correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
24/09/19•16m 1s
Facebook's Libra, UK digital banks and JPMorgan metals traders charged
Patrick Jenkins and guests discuss Facebook's recent talks with the world's central bankers on its plans for a digital currency, whether the UK's challenger banks can maintain their astonishing rate of expansion, and a potential scandal at JPMorgan as three of its metals traders are charged with market manipulation. With special guest Tom Merry, managing director at Accenture Strategy.All FT stories will be free to read on Wednesday September 18th when there will be a paywall freeze. Here are some recommendations to get you started:ECB prepared to cut rates again, says its chief economistSwedbank admits to money-laundering failingshttps://www.ft.com/content/c65b32d8-d648-11e9-a0bd-ab8ec6435630Contributors: Patrick Jenkins, financial editor, Mehreen Khan, Brussels correspondent, Nicholas Megaw, retail banking correspondent, and Henry Sanderson, commodities correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
17/09/19•18m 10s
UK PPI scandal, Goldman moves and Eurofi lobbying
Patrick Jenkins and guests discuss the huge cost of the UK's PPI mis-selling scandal, the latest personnel changes at Goldman Sachs and growing unease about the role of Eurofi in shaping Europe's financial sector policy. With special guest Dominic Lindley, director of policy at the New City Agenda. Contributors: Patrick Jenkins, financial editor, Nicholas Megaw, retail banking correspondent, Laura Noonan, US banking editor and Jim Brunsden, EU correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
10/09/19•22m 21s
UK mortgage market, Indian banks and UBS leadership
Patrick Jenkins and guests discuss the outlook for the UK mortgage market, the reform of India's state-owned banks and leadership changes at UBS. With special guest Darren Cook, Mortgage Analytics Manager at Moneyfacts.Contributors: Patrick Jenkins, financial editor, Nicholas Megaw, retail banking correspondent, Benjamin Parkin, Mumbai correspondent, Alice Ross, wealth correspondent, and Stephen Morris, European banking correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
03/09/19•17m 0s
Deutsche Bank overhaul, challenger banks and Citigroup
Patrick Jenkins and guests discuss how the overhaul at Deutsche Bank is going, catch up with the challenges facing challenger banks and look at why Citigroup is coming under pressure to restructure. With special guest Mark Mullen, chief executive of Atom BankContributors: Patrick Jenkins, financial editor, Stephen Morris, European banking correspondent, David Crow, banking editor, Nick Megaw, retail banking correspondent, and Laura Noonan, US banking editor. Producers: Andrew Georgiades and Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
30/07/19•15m 55s
RBS succession, Goldman's consumer arm and Ukraine's PrivatBank
Patrick Jenkins and guests discuss a surprise candidate to succeed Ross McEwan as head of Royal Bank of Scotland, Goldman Sachs's nascent Marcus brand and Igor Kolomoisky's bid to reverse the nationalisation of Ukraine's PrivatBank. With special guest Harit Talwar of Goldman Sachs.Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, and Max Seddon, Moscow correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
23/07/19•18m 14s
Citigroup results, Standard Chartered's pay revolt and money laundering outlook
Patrick Jenkins and guests discuss what Citigroup's results tell us about the US bank earnings season, Standard Chartered chief Bill Winters' defiant response to investor criticism of his pay packet, and how banks are tackling the problem of money laundering, With special guest Brandon Daniels of Exiger Contributors: Patrick Jenkins, financial editor, Robert Armstrong, US banking editor, David Crow, banking editor, and Caroline Binham, financial regulation correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
16/07/19•18m 41s
Deutsche Bank overhaul, Orcel's Santander lawsuit and Dublin's banking ambitions
Patrick Jenkins and guests discuss Deutsche Bank's radical overhaul, Andrea Orcel's lawsuit against Santander and Ireland's plans to expand Dublin as a financial centre. With special guest Michael D'Arcy, Irish financial services minister.Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Olaf Storbeck, Frankfurt financial correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
09/07/19•16m 51s
Insider trading trial, HSBC and Huawei and Credit Suisse tax dispute
Patrick Jenkins discusses the Financial Conduct Authority's latest insider trading case and what it tells us about how market abuses are being tackled, why HSBC is on the defensive in China, and why Credit Suisse is suing the UK tax authorities.With special guest Mark Steward, Director of Enforcement and Market Oversight for the Financial Conduct Authority.Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, David Crow, banking editor, and James Kynge, global China editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
02/07/19•21m 25s
Lloyds' offshore banking problem, Facebook's Libra and US stress tests
Patrick Jenkins and guests discuss Lloyds Bank and its offshore banking problems, the latest on the regulatory tests facing Facebook's Libra initiative, and how banks have fared in this year's US Fed stress tests.Contributors: Patrick Jenkins, financial editor, Nick Megaw, retail banking correspondent, Hannah Murphy, technology correspondent, and Kiran Stacey, US regulatory correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
25/06/19•12m 15s
UBS's 'Swinegate', Deutsche's bad bank and Facebook's digital currency
Patrick Jenkins and guests discuss UBS's cultural faux pas in China, Deutsche Bank's plan to set up a 'bad bank' and Facebook's bid to shake up the payments world. With special guest Jan Kvarnström, bank restructuring expert. Contributors: Patrick Jenkins, financial editor, Don Weinland, Beijing financial correspondent, Stephen Morris, European banking correspondent, Nick Megaw, retail banking correspondent, Caroline Binham, financial regulation correspondent and Elaine Moore, deputy head of Lex. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
18/06/19•18m 37s
Money laundering in Europe, China's bad debts and why bankers love running
Patrick Jenkins and guests discuss why new powers given to Europe’s banking watchdog may not be enough to stem the tide of dirty money sweeping through the bloc, a potential bad-debt build up in China's banking system, and why so many bankers in New York seem to love running. With special guest José Manuel Campa, chairman of the European Banking Authority.Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, Don Weinland, Beijing financial correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
11/06/19•15m 54s
Paris special on European banking
Patrick Jenkins and guests discuss the future of European banking post Brexit on the sidelines of the FT's first Banking and Finance Conference in Paris, plus the latest on separate initiatives by Facebook and by a group of 13 banks to explore the potential for bitcoin transactions. With special guests: François Villeroy de Galhau, Banque de France governor, Claire Woodman of Morgan Stanley and Luigi Rizzo of Bank of America Merril Lynch.Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, Martin Arnold, deputy companies editor, and Laura Noonan, US banking editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
04/06/19•25m 15s
Deutsche Bank cuts, UBS strategy and Lendy goes under
Stephen Morris and guests discuss the potential departure of Deutsche Bank's Garth Ritchie, head of the corporate investment bank, over planned cuts, a strategic rethink at UBS, and the collapse of UK peer-to-peer lender Lendy.Contributors: Stephen Morris, European banking correspondent, Olaf Storbeck, Frankfurt financial correspondent, David Crow, banking editor, and Nicholas Megaw, retail banking correspondent. Hosted on Acast. See acast.com/privacy for more information.
28/05/19•21m 36s
Barclays and the BoE, forex fines and US non-performing loans
Patrick Jenkins and guests discuss Barclays and the Bank of England intervention to attempt to block the Serious Fraud Office investigation into the bank, the latest fines over the manipulation of foreign exchange, and non-performing loans tick up in the US. With special guest Lambros Kilaniotis, partner at the law firm RPC.Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, Stephen Morris, European banking correspondent and Robert Armstrong, US financial editor. Producer: Fona Symon Hosted on Acast. See acast.com/privacy for more information.
21/05/19•13m 43s
Metro Bank, Asia's fintech challengers and Softbank's stake in Greensill
Patrick Jenkins and guests discuss Metro Bank as its shares fall to an all-time low, Hong Kong's fintech challengers, and why SoftBank's Vision Fund has invested in UK private finance shadow bank Greensill. With special guest, John Cronin from Goodbody stockbrokersContributors: Patrick Jenkins, financial editor, Nicholas Megaw, retail banking correspondent, Stephen Morris, European banking correspondent, and Rob Smith, capital markets correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
14/05/19•15m 20s
Barclays off the hook, Goldman's Marcus roll-out and UBS revolt
Patrick Jenkins and guests discuss the latest stage in the battle between the management at Barclays and activist investor Edward Bramson, delays to the roll-out plan for Goldman Sachs's Marcus online savings product in Europe, and what's behind the AGM rebellion at UBS.Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, and Stephen Morris, European banking correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
07/05/19•10m 33s
Buffett on banks, Brunei boycott and the failed German bank merger
Patrick Jenkins and guests discuss Warren Buffett's views on banks, JP Morgan's decision to boycott Brunei-owned hotels over the kingdom's anti-gay laws and why the merger talks between Germany's Deutsche Bank and Commerzbank failed. Contributors: Patrick Jenkins, financial editor, Laura Noonan, US banking editor, Oliver Ralph, insurance correspondent, Stephen Morris, European banking correspondent and Olaf Storbeck, Frankfurt correspondent. With special guest Isabel Schnabel, economics professor at Bonn University. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
30/04/19•16m 45s
Barclays bonuses, Nomura's cutbacks and Revolut's rethink
Barclays bonuses, Nomura's cutbacks and Revolut's rethinkPatrick Jenkins and guests discuss Barclays's decision to cut bonuses for staff, Nomura's plan to slash representation in London and the controversial fintech company Revolut's 'coming of age'. Special guest: Koji Nagai, chief executive of NomuraContributors: Patrick Jenkins, financial editor, David Crow, banking editor, Leo Lewis, Japan financial correspondent, and Nick Megaw, retail banking correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
23/04/19•15m 11s
Staley vs Bramson, Goldman's fixed income fix and RBS's online bank Bó
David Crow and guests discuss the battle between Barclays and the activist investor Edward Bramson, Goldman's quest to find a fix for its fixed income business, and whether RBS's new online only bank Bó can compete with digital natives like Monzo and Revolut. With special guest Mark Bailie chief executive of BóContributors: David Crow, banking editor, Stephen Morris, European banking correspondent, Laura Noonan, US banking editor, and Mark Bailie, chief executive of Bó. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
16/04/19•19m 1s
UniCredit's plan to bid for Commerzbank, StanChart's $1bn fine and US regulation
Patrick Jenkins and guests discuss UniCredit's potential bid for Commerzbank, Standard Chartered's $1bn fine to settle its Iran sanctions probe and US deregulation or re-regulation of foreign banks. Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Stephen Morris, European banking correspondent, Caroline Binham, bank regulation correspondent, and Laura Noonan, US banking editor. Hosted on Acast. See acast.com/privacy for more information.
09/04/19•10m 13s
Deutsche-Commerzbank merger, Nordic money laundering and Wells Fargo’s departing CEO
Patrick Jenkins and guests discuss the latest twists of the Deutsche-Commerzbank merger plan, the spiralling Swedbank money laundering scandal and why Wells Fargo's chief executive had to go. With special guest Graham Barrow, an independent financial crime expert.Contributors: Patrick Jenkins, financial editor; Stephen Morris, European banking correspondent; Richard Milne, Nordic and Baltic correspondent; Robert Armstrong, US financial editor. Producer: Martin Stabe Hosted on Acast. See acast.com/privacy for more information.
02/04/19•18m 44s
Brexit planning, pressure over bankers' pay and the UK's trapped mortgagees
Patrick Jenkins and guests discuss the Brexit-linked relocation of London-based bank staff, why investors in Europe are becoming restive over bankers' pay and why the UK regulator has intervened to help homeowners trapped by inflexible mortgage arrangements. With special guest Tom Gosling, a pay expert at the consultancy PwC.Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Nick Megaw, retail banking correspondent and Laura Noonan, US banking editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
26/03/19•17m 17s
National champions, German bank merger, WorldPay and women at Goldman
David Crow and guests discuss what the ECB thinks of the creation of national banking champions, the prospective merger between Deutsche Bank and Commerzbank, Fidelity National Information Services's $43bn acquisition of Worldpay, and the attempt by Goldman Sachs to boost the number of women in its senior ranks. With special guest Andrea Enria, chair of the European Central Bank's Single Supervisory Mechanism.Contributors: David Crow, banking editor, Claire Jones, Frankfurt bureau chief, Stephen Morris, European banking correspondent, Jonathan Guthrie, head of Lex and Laura Noonan, US banking editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
19/03/19•17m 35s
UBS women, 'doom loop' returns and DBank merger options
Patrick Jenkins and guests discuss UBS's treatment of its women employees in Switzerland, the return of the banking 'doom loop' and the prospects for a merger between Germany's two biggest banks Deutsche Bank and Commerzbank. With special guest Katie Bennett, director of diversity and inclusion in PwC's consultancy practice.Contributors: Patrick Jenkins, financial editor, Stephen Morris, European banking correspondent, Kate Allen, capital markets correspondent, and Olaf Storbeck, Frankfurt correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
12/03/19•22m 54s
Prospects for a German bank merger, JPMorgan revenues and challenger banks
Patrick Jenkins and guests discuss the prospects for a merger between Germany's two biggest banks Deutsche Bank and Commerzbank, JPMorgan's revenue warning and the growing challenges facing the UK's fintech sector. With special guest Tom Merry of consultancy Accenture.Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Stephen Morris, European banking correspondent, Laura Noonan, US banking editor and Nicholas Megaw, retail banking correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
05/03/19•17m 15s
Brexit planning, Swedbank probe and Italian bank financing
Patrick Jenkins and guests discuss the variety of financial contingency plans UK banks have drawn up for Brexit, how Swedbank has become embroiled in the Danske Bank money laundering scandal, and some good news for Italy's indebted banks. With special guest Marco Morelli, chief executive of Monte dei Paschi di Siena.Contributors: Patrick Jenkins, financial editor, Nicholas Megaw, retail banking correspondent, David Crow, banking editor and Richard Milne, Nordics correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
26/02/19•12m 55s
Brexit concerns, BoA's Europe moves, Citi's tech plans and London property investment
David Crow and guests discuss how banks are preparing for Brexit, including Bank of America's costly European restructuring, Citigroup's property investment in London, as well as the bank's plans to replace some of its staff with AI and its long term commitment to China. With special guest Anne Finucane, vice chair of Bank of America.Contributors: David Crow, banking editor, Nicholas Megaw, retail banking correspondent, Patrick Jenkins, financial editor, Stephen Morris, European banking correspondent and Laura Noonan, US banking editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
19/02/19•16m 48s
Deutsche Bank's funding round, M&A in US banking and Lloyds's wealth management move
Patrick Jenkins and guests discuss what Deutsche Bank's latest funding round says about the broader bank financing market, the BB&T and SunTrust merger in the US and whether it heralds a new phase of M&A in US banking, and why Lloyds in the UK is hiring 700 new financial advisers. With special guest Michael Hünseler, head of credit portfolio management at Assenagon. Contributors: Patrick Jenkins, financial editor, Laura Noonan, US banking editor, Nicholas Megaw, retail banking correspondent, Rob Smith, capital markets corrrespondent and Michael Hünseler, head of credit portfolio management at Assenagon. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
12/02/19•18m 0s
Dry January in the bond and IPO markets, Australia's bank inquiry and wealth managers
Patrick Jenkins and guests discuss why the bond and IPO markets went quiet at the start of the year, the results of Australia's inquiry into industry misconduct and the bear market in wealth management.Contributors: Patrick Jenkins, financial editor, Katie Martin, capital markets editor, Jamie Smyth, Sydney correspondent and Alice Ross, wealth correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
05/02/19•12m 7s
Metro Bank's bleak prospects, Davos predictions and former Barclays chief on trial
Patrick Jenkins and guests discuss Metro Bank's prospects after a sharp fall in its shares following the disclosure that it had misreported its risk weighting, predictions from Davos and the trial of former Barclays chief executive John Varley and three senior colleagues in London.Contributors: Patrick Jenkins, financial editor, Brooke Masters, comment editor, David Crow, banking editor, Nicholas Megaw, retail banking correspondent, Caroline Binham, financial regulation correspondent, Jane Croft, law courts correspondent and John Cronin, financial analyst at Goodbody stockbrokers, in Dublin Hosted on Acast. See acast.com/privacy for more information.
29/01/19•18m 39s
US bankers pay, UBS results, Davos curtainraiser and MarketInvoice
Patrick Jenkins and guests discuss whether US bankers pay is too high, UBS's disappointing results, highlights from Davos and the decision by two high street banks to invest in UK-based lender MarketInvoice. Contributors: Patrick Jenkins, financial editor, Laura Noonan, US banking editor, Stephen Morris, European banking corresponent, David Crow, banking editor, Arash Massoudi, corporate finance editor, Nicholas Megaw, retail banking correspondent, and Anil Stocker, chief executive of MarketInvoice. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
22/01/19•21m 46s
Wells Fargo, US bank results and UK Open Banking one year on
Patrick Jenkins and guests discuss whether US bank Wells Fargo has been able to put a series of scandals behind it, US bank results and the UK’s Open Banking regime one year on. With special guest Tim Sloan, chief executive of Wells Fargo.Contributors: Patrick Jenkins, financial editor, Robert Armstrong, US financial editor, Laura Noonan, US banking editor, Nicholas Megaw, retail banking correspondent and Tim Sloan, chief executive of Wells Fargo. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
15/01/19•13m 56s
Contactless payments, Barclays battles and predictions for 2019
Patrick Jenkins and guests discuss the rise of contactless payments in the US, Edward Bramson's battle to shake things up at Barclays and predictions for global banks and the financial services industry in 2019. With special guest Ronit Ghose, Global Sector Head for Banks in Citi Research.Contributors: Patrick Jenkins, financial editor, Robert Armstrong, US financial editor, David Crow, banking editor, Stephen Morris, European banking correspondent, Laura Noonan, US banking editor and Ronit Ghose, Global Sector Head for Banks in Citi Research. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
08/01/19•18m 5s
Goldman Sachs, Credit Suisse and European banks in 2018
Patrick Jenkins and guests discuss the latest allegations against Goldman Sachs in relation to the 1MDB scandal in Malaysia, Credit Suisse's advice to customers to think about moving money out of the UK, and the FT's review of European banks in 2018Contributors: Patrick Jenkins, financial editor, Stephen Morris, European banking correspondent, Stefania Palma, south-east Asia correspondent and Laura Noonan, US banking editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
18/12/18•11m 28s
Credit Suisse share buyback, Amazon Web Services and HSBC’s Huawei connection
Patrick Jenkins and guests discuss Credit Suisse as it prepares for a share buyback, Amazon Web Services's expanding offering for banks, and HSBC’s Huawei connection.Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Caroline Binham, financial regulation correspondent and Stephen Morris, European Banking correspondent. Special guest: Jonathan Allen, AWS Enterprise Strategist & Evangelist. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
11/12/18•13m 48s
Brexit, UK stress tests and UniCredit's expensive bond deal
Patrick Jenkins and guests discuss last week's bank stress tests and UniCredit's decision to pay a heavy price tag to issue a new $3bn bond, and John Glen, City minister, talks about why he thinks Theresa May's Brexit deal will be good for the UK financial sector.Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Caroline Binham, financial regulation correspondent, Robert Smith, capital markets correspondent and John Glen, City minister. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
04/12/18•12m 12s
Goldman's 1MDB woes, StanChart share buyback and Bob Diamond's investment strategy
Patrick Jenkins and guests discuss Goldman Sachs and the 1MDB scandal as Malaysian prime minister-in-waiting Anwar Ibrahim lashes out at the US bank, Standard Chartered's secret project to buy back an estimated $1bn-plus of its shares and former Barclays boss Bob Diamond's latest moves to build a financial services empire. Contributors: Patrick Jenkins, financial editor; David Crow, banking editor; Laura Noonon, US banking editor, and Stefania Palma, Singapore correspondent. Producer: Martin Stabe. Hosted on Acast. See acast.com/privacy for more information.
27/11/18•11m 11s
SocGen's $1.3bn fine, TSB's new chief and Danske Bank whistleblower speaks out
Patrick Jenkins and guests discuss French bank Société Générale's $1.3bn fine for US sanctions violations, the task facing TSB's new chief executive Debbie Crosbie and the first public testimony of the British man who exposed the Danske Bank money laundering scandal.Contributors: Patrick Jenkins, financial editor, Nicholas Megaw, retail banking correspondent, David Crow, banking editor and Richard Milne, Nordics correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
20/11/18•14m 7s
Goldman Sachs, banking sector "returners" and the averted collapse of Carige
Patrick Jenkins and guests discuss the latest developments in Goldman Sachs’ brewing 1MDB scandal, how to get women back into banking and what the banking industry's rescue of troubled lender Carige says about the broader Italian market. With special guest Dominie Moss, founder of The Return Hub.Contributors: Patrick Jenkins, financial editor; David Crow, banking editor; Laura Noonan, US banking editor, and Rachel Sanderson, Milan Correspondent. Producer: Martin Stabe. Hosted on Acast. See acast.com/privacy for more information.
13/11/18•17m 5s
Barclays' new chairman, EBA stress tests and trouble at Goldman Sachs
Patrick Jenkins and guests discuss Barclays' new chairman, the latest European Banking Association stress tests and trouble at Goldman Sachs as two of its former bankers are criminally charged with helping to loot the Malaysian state investment fund 1MDB,Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Caroline Binham, financial regulation correspondent, Stephen Morris, European banking correspondent and Laura Noonan, US banking editor. Producer: Fiona Symon. Hosted on Acast. See acast.com/privacy for more information.
06/11/18•13m 46s
Auditing cryptocurrencies, Brexit blues and 'naughty' banks in the US
David Crow and guests discuss a push by top accountancy firms to offer services to those with a foothold in the cryptocurrencies sector, a derivatives deal in Europe, Brexit blues at RBS, the search for a European investment banking champion and the US's 'naughty' banks.Contributors: David Crow, banking editor, Hannah Murphy, City reporter, Nicholas Megaw, retail banking correspondent, Philip Stafford, FT Trading Room editor, Stephen Morris, European banking correspondent, and Rob Armstrong, US financial editor. Producer: Fiona Symon. Hosted on Acast. See acast.com/privacy for more information.
30/10/18•20m 54s
Bramson's Barclays test, the future of CYBG and US online banking
David Crow and guests discuss Barclays as it tries to defend itself against activist investor David Bramson, the future of CYBG after it completed its £1.7bn takeover of Virgin Money, and the growing competition in the US online banking market.Contributors: David Crow, banking editor, Stephen Morris, European banking correspondent, Nicholas Megaw, retail banking correspondent and Laura Noonan, US banking editor. Special guest: David Duffy, chief executive of CYGB. Producer: Fiona Symon. Hosted on Acast. See acast.com/privacy for more information.
23/10/18•18m 35s
BofA loses market share, RBS rebuilds trust and Barclays launches US digital service
Patrick Jenkins and guests discuss Bank of America's struggling M&A franchise, the Royal Bank of Scotland's recovery ten years after it was bailed out by the British government, and Barclays' decision to get into online banking in the US.Contrubutors: Patrick Jenkins, financial editor, Stephen Morris, European banking correspondent, Nicholas Megaw, retail banking correspondent and Laura Noonan, US banking editor. Special guest: Ross McEwan, chief executive of RBS. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
16/10/18•16m 32s
ECB warns on UK's 'back-to-back' facility, bank stability, and coding lessons at JPMorgan
Patrick Jenkins and guests discuss the European Central Bank's warning about the continued use of 'back-to-back' booking models for trades and loans after Brexit, an academic's view of the risks to bank stability ten years after the financial crisis, and JPMorgan's initiative to boost the coding skills of its staff.Contributors: Patrick Jenkins, finance editor, Martin Arnold, banking editor, Laura Noonan, US banking editor; Special guest: Douglas Diamond, professor of finance at Booth School of Business, University of Chicago; Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.
09/10/18•18m 48s
Andrea Orcel moves to Santander, Paris wins post-Brexit business and Tesco Bank fined
Patrick Jenkins and guests discuss Andrea Orcel's move from UBS to Santander, France's success in luring banks to set up their post-Brexit trading businesses in Paris, and why Tesco Bank received a £16m fine over its handling of a 2016 cyber attack. With special guest Christian Noyer, former governor of the Bank of France. Hosted on Acast. See acast.com/privacy for more information.
02/10/18•16m 57s
Innovation at Mastercard, HSBC's ‘persistent failure’ memo and more on the Danske scandal
Mastercard CFO Martina Hund-Mejean on the commercial opportunities in data analysis; a leaked memo by HSBC executives claims that its investment banking strategy has “utterly failed”; and yet more news about the money-laundering scandal at Danske Bank. Presented by Patrick Jenkins with Hannah Murphy, Stephen Morris, Caroline Binham and Richard Milne. Hosted on Acast. See acast.com/privacy for more information.
25/09/18•18m 18s
Credit Suisse censured, Deutsche Bank's post-Brexit plans and Goldman Sachs reshuffles
Patrick Jenkins and colleagues discuss the Swiss regulator's action against Credit Suisse for breach of money-laundering rules, Deutsche Bank's move to shrink its London assets post-Brexit and changes at the top of Goldman Sachs. With special guest Lara Warner, chief compliance and regulatory officer at Credit Suisse. Hosted on Acast. See acast.com/privacy for more information.
18/09/18•18m 42s
Scandal at ING, diversity in banking and financial crisis winners
Patrick Jenkins and guests discuss the latest European money laundering scandal, this time at the Dutch bank ING, the FT's latest survey on women in banking, and who are the big winners from the financial crisis a decade on. With special guest Daniel Pinto, investment banking chief at JPMorgan Chase. Hosted on Acast. See acast.com/privacy for more information.
11/09/18•19m 24s
TSB's tech travails, Danske scandal and changing German attitudes
Patrick Jenkins and guests discuss the departure of Paul Pester as chief executive of TSB after a disastrous IT upgrade, Danske Bank's money laundering scandal and changing German government attitudes towards banks. Hosted on Acast. See acast.com/privacy for more information.
04/09/18•20m 6s
City Brexit concerns, RBS’s Stevenson and UBS’s Q2 results
Mounting concern in the City over the a potential no-deal Brexit; an interview with outgoing RBS finance director Ewen Stevenson, and a look at UBS's second-quarter results. Patrick Jenkins is joined by George Parker, Nicholas Megaw and Ben McLannahan.Check out our subscribtion offer at ft.com/offer50 Hosted on Acast. See acast.com/privacy for more information.
24/07/18•15m 35s
New rules for Tencent and Alipay, Deutsche Bank profits and Blankfein bows out
Patrick Jenkins and guests discuss new rules that bring to a close the era of free money for China's online payment giants Tencent and Alipay, Deutsche Bank's improved earnings and change at the top of Goldman SachsCheck out our subscriber offer at ft.com/offer50 Hosted on Acast. See acast.com/privacy for more information.
17/07/18•12m 28s
Messy Brexit talks, the allure of Paris and a scandal at Danske Bank
Patrick Jenkins and guests discuss the UK government's failure so far to come up with a coherent policy on Brexit for the financial services industry, how France's president Emmanuel Macron is taking advantage of the disarray to lure more banks to Paris, and the money laundering scandal at Denmark's biggest bank. With special guest Stephen Jones, chief executive of UK finance. Hosted on Acast. See acast.com/privacy for more information.
10/07/18•17m 51s
FCA chairman on data, regulation and Brexit, Monzo losses and Rothschild battle
Patrick Jenkins and colleagues discuss Charles Randell's priorities as he takes up his role as chairman of the UK Financial Conduct Authority, whether challenger bank Monzo can stem its losses, and the battle that has riven the Rothschild banking dynasty. With special guest Charles Randall, FCA chairman.Read more on the Rothschild battle hereRead mof on Monzo here Hosted on Acast. See acast.com/privacy for more information.
03/07/18•16m 30s
EBA warns on Brexit planning, Commerzbank's AI pilot and BofA's Paris move
Patrick Jenkins and guests discuss a warning from the European Banking Authority that banks' plans for a hard Brexit are inadequate, Commerzbank's latest experiment with artificial intelligence in writing research reports, and Bank of America's decision to beef up its investment banking operations in Paris. With special guest Andrea Enria, chief executive of the European Banking Authority.Contribute to our listener survey and enter our prize draw here. Hosted on Acast. See acast.com/privacy for more information.
26/06/18•15m 51s
Australian bank scandals, Adyen listing and CYBG's Virgin Money deal
Patrick Jenkins and guests discuss the cartel prosecution involving some of Australia’s top banks, the spectacular valuation of Dutch payment group Adyen at its recent IPO, and CYBG's takeover of Virgin MoneyContribute to our listener survey and enter our prize draw here. Hosted on Acast. See acast.com/privacy for more information.
19/06/18•14m 25s
HSBC's growth strategy, Citi's jobs warning and TSB's IT fiasco
Patrick Jenkins and guests discuss HSBC's new growth strategy, a jobs warning from Citi, and whether TSB chief Paul Pester can survive the criticism he's facing over the bank's bungled switch in IT systems. With special guest Joseph Dickerson, banking analyst at Jefferies.Contribute to our listener survey and enter our prize draw here. Hosted on Acast. See acast.com/privacy for more information.
12/06/18•14m 1s
RBS stake sale, Visa Europe outage and prospects for a UniCredit-SocGen merger
Patrick Jenkins and guests discuss the timing of the UK government's sale of its first RBS stake in three years, outage trouble at Visa Europe, and prospects for a merger deal between Italy's UniCredit and France's Société Générale Hosted on Acast. See acast.com/privacy for more information.
05/06/18•13m 56s
Italian turmoil, US mergers, Deutsche Bank's AGM and recruitment trends
Martin Arnold and guests discuss Italy's market turmoil and its impact on the banking sector, the return of 'animal spirits' to the US banking sector, Deutsche Bank's AGM and the latest recruitment trends. Hosted on Acast. See acast.com/privacy for more information.
29/05/18•19m 48s
Barclays clears legal hurdle, Deutsche Bank AGM and fintech challenges
Patrick Jenkins and colleagues discuss Barclays's victory in a Serious Fraud Office case relating to its 2008 Qatar fundraising, growing investor pressure on Deutsche Bank chairman Paul Achleitner to step down and how banks are handling the fintech challenge. With special guests Jane Croft and Jan Bayer. Hosted on Acast. See acast.com/privacy for more information.
22/05/18•19m 9s
Goldman Sachs's European consumer arm, RBS's US settlement and JPMorgan in Asia
Patrick Jenkins and guests discuss the rollout of Goldman Sachs's European consumer operation, RBS's US mis-selling payout and JPMorgan's bid to re-enter China's securities market. With special guest Richard Gnodde, head of Goldman Sachs International. Hosted on Acast. See acast.com/privacy for more information.
15/05/18•13m 58s
Hedge fund bets, CYBG's approach for Virgin Money and Greek banks
Patrick Jenkins and guests discuss Caius Capital's investment in UniCredit, ValueAct's investment in Citi, CYBG's takeover approach for Virgin Money and the latest Greek bank stress test results. With special guest Davide Serra, CEO and founder of Algebris. Hosted on Acast. See acast.com/privacy for more information.
08/05/18•14m 44s
Deutsche axes global investment bank, TSB outage and regulating the cloud
Patrick Jenkins and guests discuss Deutsche Bank's move to abandon plans to become a leading global investment bank, the reputational damage done by TSB's outage and what financial regulators can do about the way banks outsource their data storage systems. Hosted on Acast. See acast.com/privacy for more information.
02/05/18•13m 10s
European banks’ Q1 results, the data lessons from Facebook and Africa’s BitPesa
Patrick Jenkins and guests discuss Q1 results from Santander and UBS and what they mean for rivals, the implications for banks from the Facebook scandal and PSD2 plus a look at BitPesa, the innovative sub-Saharan African payments business. With special guest Alan McIntyre, global banking practice lead at Accenture. Hosted on Acast. See acast.com/privacy for more information.
25/04/18•23m 17s
Santander's blockchain forex service, Goldman profits and Deutsche Bank review
Martin Arnold and guests discuss Santander's innovative blockchain-based foreign exchange service, improved profits at Goldman Sachs and the ECB's request to Deutsche Bank that it calculate the costs of winding down trading assets on its investment bank. With special guest Ana Botín, executive chairman of Santander. Hosted on Acast. See acast.com/privacy for more information.
17/04/18•15m 19s
Deutsche Bank, Barclays and the Euribor-rigging trial
Patrick Jenkins and guests discuss the change of leadership at Deutsche Bank, Jes Staley's troubles at Barclays and the outlook for the first Euribor-rigging trial that opens in London this week. Hosted on Acast. See acast.com/privacy for more information.
10/04/18•16m 17s
Tech threat to banks, class action lawsuit against Goldman and Barclays' 'ringfenced' bank
Martin Arnold and guests discuss the threat to banks from new tech groups, the class action lawsuit against Goldman Sachs over sexual discrimination and Barclays' launch of the first British 'ringfenced' bank. With special guest Carlo Messina of Italy's Intesa Sanpaolo. Hosted on Acast. See acast.com/privacy for more information.
03/04/18•18m 19s
Deutsche Bank succession, Brexit optimism and subprime lender Elevate
Patrick Jenkins and guests discuss the potential change in leadership at Deutsche Bank, three reasons for the City of London to be cheerful about its post-Brexit prospects and a year in the life of the recently floated US subprime lender Elevate. With special guest Ken Rees, CEO of Elevate. Hosted on Acast. See acast.com/privacy for more information.
27/03/18•24m 13s
Barclays, bank regulation on pause and PayPal in Asia
Patrick Jenkins and guests discuss the growing pressure on Barclays to turn round recent poor performance after activist investor Edward Bramson took a significant stake, a change of gear at the Financial Stability Board which is putting new policy initiatives on pause, and PayPal's growth prospects in Asia. With special guest Rohan Mahadevan, head of PayPal in Asia. Hosted on Acast. See acast.com/privacy for more information.
20/03/18•19m 59s
Goldman Sachs succession, UBS Asia IPO ban and professional standards in British banking
Patrick Jenkins and guests discuss the succession race at Goldman Sachs, the decision to ban UBS from sponsoring IPOs in Hong Kong for 18 months, and an initiative to improve standards in British banking. With special guest Brendan Barber, deputy chair of the UK Banking Standards Board. Hosted on Acast. See acast.com/privacy for more information.
13/03/18•13m 24s
Spanish bank consolidation, growth in shadow banking and Dodd-Frank reform
Patrick Jenkins and guests discuss the prospect of further consolidation in the Spanish banking industry, the growth of shadow banking and what to expect from Dodd-Frank reform in the US. With special guest José Ignacio Goirigolzarri, executive chairman of Spain's Bankia. Hosted on Acast. See acast.com/privacy for more information.
06/03/18•15m 2s
Deutsche Bank's mystery shareholder, European recruitment spree and Wolf of Wall Street
Patrick Jenkins and guests discuss what we know, or rather don't know, about Deutsche Bank's biggest shareholder HNA, hopeful signs of a revival in European investment banking, and Ben McLannahan in the US talks to the real 'Wolf of Wall Street' Jordan Belfort. Hosted on Acast. See acast.com/privacy for more information.
27/02/18•21m 48s
HSBC's Gulliver bows out, Mumbai bank fraud and CommonBond
Patrick Jenkins and guests discuss Stuart Gulliver's legacy at HSBC as the bank reports its first revenue gain in six years, a $1.8bn bank fraud at the Punjab National Bank in Mumbai and the education finance market in the US. With special guest David Klein, CEO and co-founder of student loan provider CommonBond. Hosted on Acast. See acast.com/privacy for more information.
20/02/18•22m 47s
Barclays faces new charge, Triodos innovates and outlook for Citizens Bank in the US
Martin Arnold and guests discuss the latest charges against Barclays, Bevis Watts of the ethically-focused bank Triodos talks about his new UK peer-to-peer lending model and Bruce van Saun, CEO of Citizens Bank talks about financial regulation in the US. Hosted on Acast. See acast.com/privacy for more information.
13/02/18•25m 27s
Brexit and financial regulation, Wells Fargo sanctions and Moody's forecasts
Patrick Jenkins and guests discuss Brexit and financial regulation, the Fed's decision to sanction Wells Fargo directors and Moody's predictions for the year ahead. With special guests PRA chief Sam Woods and Ana Arsov from Moody's Hosted on Acast. See acast.com/privacy for more information.
06/02/18•23m 22s
JPMorgan succession, probe into RBS crisis unit and Davos reflections
Patrick Jenkins and guests discuss Jamie Dimon's decision to stay on as head of JPMorgan, the probe into RBS's restructuring unit GRG, and reflections from Davos. Hosted on Acast. See acast.com/privacy for more information.
30/01/18•11m 5s
Davos news, UBS reorganisation and US bank earnings
Patrick Jenkins and guests discuss news from the elite gathering in Davos, UBS's reorganisation and fourth quarter US bank earnings. With special guest Andrei Kostin, chief executive of leading Russian bank VTB Hosted on Acast. See acast.com/privacy for more information.
23/01/18•16m 36s
Recruitment, Brexit and the gender pay gap
Patrick Jenkins and colleagues discuss the rivalry between technology companies and banks over recruiting MBA graduates, recent talks between City of London executives and the Theresa May government on Brexit, and Citigroup's attempt to address the gender pay gap. With special guest Stéphane Rambosson from the advisory and executive search firm Vici. Hosted on Acast. See acast.com/privacy for more information.
16/01/18•15m 38s
US tax cuts, Chinese shadow banking and US consumer lending
Patrick Jenkins and guests discuss the pros and cons of US tax cuts for domestic and international banks, a crackdown by Chinese regulators on so-called entrusted lending and US Banking Editor Ben McLannahan interviews US Consumer Bankers Association boss Richard Hunt. With special guest Fred Cannon, KBW director of research Hosted on Acast. See acast.com/privacy for more information.
09/01/18•26m 25s
Deutsche Bank bonuses, Mifid II and wealth management for women
Patrick Jenkins and guests discuss John Cryan's signal that 'normal' bonuses and pay rises are back at Deutsche Bank, the introduction of Mifid II regulations this week and why weatlh managers are directing greater attention towards female clients. With special guest Kendra Thompson of Accenture. Hosted on Acast. See acast.com/privacy for more information.
02/01/18•14m 55s
New Basel reforms, Brexit update and Swiss private banking
Patrick Jenkins and guests discuss the long-awaited compromise deal on Basel reforms, banks' reaction to the preliminary UK-EU deal on Brexit and the future of Swiss private banking. Hosted on Acast. See acast.com/privacy for more information.
12/12/17•14m 30s
Deutsche Bank's asset management arm, Swiss probe of Saudi accounts and bankers pay
Patrick Jenkins and guests discuss Deutsche Bank's plans for the flotation of its asset management arm next year, Swiss efforts to assist the Saudi corruption probe and how the issue of bankers pay has resurfaced Hosted on Acast. See acast.com/privacy for more information.
05/12/17•12m 1s
UK stress tests, Julius Baer chief's move to Pictet and US regulatory reform
Patrick Jenkins and guests discuss the latest UK bank stress test results, Swiss banker Boris Collardi's switch to Pictet and US financial regulatory reform. With special guests Isabelle Jenkins of PWC and Oliver Ireland of US law firm Morrison & Foerster. Hosted on Acast. See acast.com/privacy for more information.
28/11/17•24m 3s
EBA moves to Paris, Brexit outlook and Singapore's fintech festival
Patrick Jenkins and guests discuss the decision to move the European Banking Agency from London to Paris, the outlook for European banking post-Brexit and Singapore's attempt to lure fintech. With special guest Miles Celic, head of TheCityUK lobby group. Hosted on Acast. See acast.com/privacy for more information.
21/11/17•18m 0s
Sweden's mortgage market, Brexit manoeuvres and US bank consolidation
Patrick Jenkins and guests discuss warning signs for Sweden's mortgage market and 'branching back' as a way of coping with Brexit, with special guest David Parker of consultants Accenture, while Ben McLannahan in the US talks to Tom Michaud, chief executive of investment bank Keefe, Bruyette & Woods about consolidation and profits in the US banking industry. Hosted on Acast. See acast.com/privacy for more information.
14/11/17•25m 39s
HSBC, Wall Street's Brexit worries and sexual abuse in the City
Patrick Jenkins and guests discuss HSBC's 'week of two halves', a recent visit to Wall Street by Kathryn McGuinness, policy chair of the Corporation of London, and the concerns she found there about Brexit, and a special FT investigation into sexual abuse in the City of London Hosted on Acast. See acast.com/privacy for more information.
07/11/17•12m 38s
Brexit job moves, Deutsche Bank and Barclays' disappointing Q3s and Gordon Brown's book
Patrick Jenkins and guests discuss how "back-to-back" trading mechanisms could help keep more jobs in the City post-Brexit, why Deutsche Bank and Barclays had such bad investment banking results in the third quarter and the hottest banking revelations from the new memoir by former UK prime minister Gordon Brown. With Jacqueline Mills of European bank trade association AFME. Hosted on Acast. See acast.com/privacy for more information.
31/10/17•20m 2s
HSBC forex trial, Commerzbank and Alphasense
Martin Arnold and guests discuss the trial of ex-HSBC forex trader Mark Johnson and its potential repercussions for the foreign exchange markets, Commerzbank as it prepares for potential takeover bids, and the impact of AI on the way professional research is done. With special guest Jack Kokko, chief executive of Alphasense. Hosted on Acast. See acast.com/privacy for more information.
24/10/17•20m 46s
Credit Suisse, Lloyds's HBoS fallout and Bank Leumi USA
Patrick Jenkins and guests discuss the campaign by a Swiss activist hedge fund to break up Credit Suisse, the fallout from HBoS for Lloyds banking group, and Bank Leumi's growth plans in the US. With special guests David Herro of Harris Associates, Davide Serra of Algebris and Bank Leumi USA's Avner Mendelson. Hosted on Acast. See acast.com/privacy for more information.
18/10/17•32m 58s
RBS, eurozone bad loan provisions and the US deposit market
Patrick Jenkins and guests discuss RBS and the outlook for the bank and the UK economy, new eurozone rules on provisioning for bad loans and the health of the US deposit market. With special guest Ewen Stevenson, financial director of the Royal Bank of Scotland Hosted on Acast. See acast.com/privacy for more information.
10/10/17•19m 38s
Deutsche Bank woes, TSB's IT problem and HSBC leadership changes
Patrick Jenkins and guests discuss Deutsche Bank's difficulties as chief executive John Cryan comes under pressure from investors, the delay in the TSB's latest IT project, and who the new HSBC chairman has picked as his CEO. Hosted on Acast. See acast.com/privacy for more information.
03/10/17•10m 20s
Goldman Sachs, Brexit and a Japanese digital cash initiative
Patrick Jenkins and guests discuss Goldman Sachs as it falls down the rankings, the latest thinking on banks and Brexit and a new digital cash initiative in Japan. Hosted on Acast. See acast.com/privacy for more information.
26/09/17•11m 51s
Dimon on bitcoin, HSBC forex trader trial and the Equifax hack
Patrick Jenkins and guests discuss the head of JPMorgan Chase's latest comments on bitcoin, HSBC's forex trader trial and the Equifax security breach. Hosted on Acast. See acast.com/privacy for more information.
19/09/17•13m 44s
Goldman’s consumer finance push, Mifid II and Citigroup’s trading warning
Patrick Jenkins and guests discuss Goldman’s decision to expand its nascent consumer business to the UK, the ructions in research caused by Europe’s looming Mifid II rules and what Citigroup’s warning about a decline in third-quarter trading means for the rest of Wall Street. With special guest Rhydian Lewis, chief executive of RateSetter Hosted on Acast. See acast.com/privacy for more information.
12/09/17•14m 25s
Banks look to the blockchain, Barclays' website woes and the Wells Fargo scandal
Martin Arnold and guests discuss how banks are collaborating to bring blockchain technology to financial markets, Barclays' new error-prone stockbroking website and the latest developments in the Wells Fargo fake accounts scandal. With special guest Lee Braine of Barclays Investment Bank. Hosted on Acast. See acast.com/privacy for more information.
05/09/17•21m 46s
PPI claims to end, insider selling on Wall Street and Lloyds sells London HQ
Patrick Jenkins and guests discuss the UK regulator's eye-catching ad to remind people about the PPI claims deadline, Wall Street bankers and how they seem to be selling their own shares and Lloyds Bank's decision to sell it's London headquarters. With special guest Megan Butler of the UK Financial Conduct Authority. Hosted on Acast. See acast.com/privacy for more information.
29/08/17•11m 16s
Encrypted messaging, Barclays's Qatar loan and Indian consumer lending
Patrick Jenkins and guests discuss an FBI warning over the use of encrypted messaging by financial criminals, the latest revelations about Barclays's controversial loan to Qatar in 2008 and the rapid changes in consumer lending in India. With special guest Oliver Blower, chief executive of VoxSmart Hosted on Acast. See acast.com/privacy for more information.
22/08/17•16m 0s
Vantiv buys Worldpay, Qatar boycott spreads and US credit card wars
Caroline Binham and guests discuss the takeover of the UK's Worldpay by Cincinatti-based Vantiv, the repercussions of the regional boycott of Qatar for banks with Gulf ties, and US credit card incentives. Hosted on Acast. See acast.com/privacy for more information.
15/08/17•11m 53s
EU bail-out rules, RBS money laundering probe and financial crisis fines
Caroline Binham and guests discuss EU rules on winding down banks, RBS's Brexit plans and a money laundering probe and how much banks have paid since the financial crisis ten years ago. With special guest Anna Bradshaw of the law firm Peters & Peters. Hosted on Acast. See acast.com/privacy for more information.
08/08/17•16m 37s
The rising cost of Brexit, HSBC outlook and AI on the trading floor
Martin Arnold and guests discuss a new study that puts a price on what Brexit will cost Europe's banks, the outlook for HSBC, and the latest use of artificial intelligence on the investment banking trading floor. With special guest Matthew Austen of consultants Oliver Wyman. Hosted on Acast. See acast.com/privacy for more information.
01/08/17•17m 22s
Bankers' pay, Brexit moves and UK consumer debt
Patrick Jenkins and guests discuss the transatlantic pay gap among bank chief executives, Frankfurt's emergence as the new favourite EU financial centre and a Bank of England warning about consumer debt. With special guest John Roe, head of ISS analytics. Hosted on Acast. See acast.com/privacy for more information.
25/07/17•12m 23s
Washington gridlock, Goldman dress codes and Wall St results
Patrick Jenkins and guests discuss JP Morgan chief Jamie Dimon's outburst on Washington gridlock, Goldman Sachs's new dress code and Wall Street results. Hosted on Acast. See acast.com/privacy for more information.
18/07/17•13m 17s
The outlook for UK banks, UBS robots and US quarterly earnings
Patrick Jenkins and guests discuss the outlook for UK banking, UBS's new robots, and US quarterly bank earnings. With special guest Stephen Jones, chief executive of the trade body, UK Finance. Hosted on Acast. See acast.com/privacy for more information.
11/07/17•20m 58s
Bids for Worldpay, battles with Banco Popular bondholders, bonanza for US banking investors
Patrick Jenkins and guests discuss two unsolicited bids for Worldpay, and the legal fight by Banco Popular bondholders against the so-called bail-in, while US banking editor Ben McLannahan talks to Chris Kotowski of Oppenheimer about the results of US stress tests. Hosted on Acast. See acast.com/privacy for more information.
04/07/17•18m 43s
Italian bank bail-outs, warning from China's banking regulator and capital demands from the UK central bank
Patrick Jenkins and guests discuss the Italian bank bail-outs, the warning from China's banking regulator and the latest capital demands from the UK central bank. Italy appears to have dodged new rules to protect taxpayers from bank bailouts. We talk to James Chappell, analyst at Berenberg, about the ramifications.China's regulator has signalled concerns about Chinese banks' exposures to the country's big acquisitive conglomerates? We talk to China correspondent Gabriel Wildau about how worried should be.And finally, how will UK banks respond to the Bank of England's new demands for 'counter-cyclical capital buffers'. Banking editor Martin Arnold offers his view.> Hosted on Acast. See acast.com/privacy for more information.
28/06/17•18m 55s
Global regulation, fraud case against Barclays, deregulation under Trump
Brooke Masters and guests discuss global regulation and the prospects for consensus as new leaders take over some of the biggest organisations, the fraud case against Barclays and its former top executives and the impact of the Trump administration on deregulation in the US. Hosted on Acast. See acast.com/privacy for more information.
20/06/17•22m 12s
Santander-Popular deal , troubled bank 'resolution' and the FX scandal
Patrick Jenkins and guests discuss Santander's acquisition of troubled rival Banco Popular, the broader implications of 'resolving' troubled banks in Spain, Italy and beyond, and the foreign exchange trading scandal -- will the latest suspects be extradited to the US Hosted on Acast. See acast.com/privacy for more information.
13/06/17•15m 37s
Allied Irish Banks' IPO, HSBC moves jobs to Birmingham and M&A fees
Patrick Jenkins and guests discuss the planned IPO of Allied Irish Banks, HSBC's struggle to move 1,000 jobs from its London headquarters to Birmingham, and M&A fees - do big banks or boutiques make the most money? Hosted on Acast. See acast.com/privacy for more information.
06/06/17•10m 40s
Russian banks, UK peer-to-peer lenders and the lure of millennials in the US
Martin Arnold and guests discuss Russian disappointment with the Trump presidency, progress in the UK peer-to-peer lending sector, and how a US disruptor bank enjoyed rapid growth by offering free checking accounts to millennials. With special guests Andre Kostin of Russian state bank VTB, Rhydian Lewis of Ratesetter and Luvleen Sidhu of BankMobile. Music by Kevin MacLeod Hosted on Acast. See acast.com/privacy for more information.
30/05/17•23m 49s
Distressed eurozone banks, RBS on trial, hiring in Asia and Canadian banks
Patrick Jenkins and guests discuss RBS as it attempts to settle with disgruntled shareholders, global banks increase their hiring in Asia and some worrying signs about the health of Canada's mortgage lenders. Hosted on Acast. See acast.com/privacy for more information.
23/05/17•14m 22s
Lloyds returns to private sector, GIC bails out of UBS and US money transfer market
Patrick Jenkins and guests discuss the return of Lloyds to the private sector, the decision by Singapore's GIC to cut its stake in UBS and consolidation and competition in the US money transfer market. With special guests Sir Win Bischoff, former Lloyds chairman, and Western Union's Elizabeth Chambers. Hosted on Acast. See acast.com/privacy for more information.
16/05/17•16m 22s
Goldman Sachs, Brexit, Wells Fargo and BoE payment reforms
Martin Arnold and guests discuss Goldman's management shake-up, why more banks are warning about the impact of Brexit on their UK operations, a look ahead to Wells Fargo's investor day and the Bank of England's plan to modernise its payment systems. With special guest Omar Ali, UK financial services leader at the consultancy EY. Hosted on Acast. See acast.com/privacy for more information.
09/05/17•19m 55s
European bank results, euro clearing and UK credit card risk
Patrick Jenkins and guests discuss European bank results and why they shape up badly against the American banks, EU plans to move euro clearing out of London to continental Europe and credit card risk in the UK, with special guest Chris Wheeler of Atlantic Equities. Hosted on Acast. See acast.com/privacy for more information.
02/05/17•12m 15s
Deutsche Bank breaks Volcker rule, Credit Suisse earnings, a new UK lobby group and China's UnionPay
Patrick Jenkins and guests discuss how Deutsche Bank broke the Volcker rule, Credit Suisse's first quarter earnings, a new banking lobby group in the UK and the attempt by UnionPay, China's domestic credit card, to penetrate international markets. Hosted on Acast. See acast.com/privacy for more information.
25/04/17•12m 7s
US bank deregulation, free in-credit banking in the UK and Goldman results
Caroline Binham and guests discuss the fate of the Volcker rule and bank deregulation in the US, the UK's free in-credit retail banking model and Goldman Sachs's disappointing first quarter performance. With special guest Paul Volcker, former Federal Reserve governor. Hosted on Acast. See acast.com/privacy for more information.
18/04/17•9m 56s
Barclays chief faces probe, Deutsche revival and US bank earnings
Christopher Thompson and guests discuss the damage to the reputation of Jes Staley, Barclays chief executive, over his conduct towards a whistleblower, Deutsche Bank's capital increase and what to expect from this week's US bank earnings reports. With special guest Matt Nixon of Disraeli Group. Hosted on Acast. See acast.com/privacy for more information.
11/04/17•16m 24s
Women in finance, Credit Suisse tax probe and non-US banks in America
Patrick Jenkins and guests discuss new FT data on women in banking and why so few make it to the top, the sweeping tax probe facing Credit Suisse, and how regulation affects non-US banks in America. With special guest Sally Miller, chief executive of the Institute of International Bankers. Hosted on Acast. See acast.com/privacy for more information.
04/04/17•18m 45s
UK stress tests, 'one-hour contracts' and Credit Suisse bonuses
Patrick Jenkins and the Financial Times banking team talk to Simon Brennan, a director at Deloitte, about the Bank of England's stress tests. The team also discuss Santander's introduction of 'one-hour contracts' and take a look at Credit Suisse as it prepares to raise capital and pay big bonuses. Hosted on Acast. See acast.com/privacy for more information.
28/03/17•15m 2s
The lure of Frankfurt, investment bank rankings, and ATMs
Patrick Jenkins and guests discuss signs that Frankfurt is winning the race to win jobs from London ahead of Brexit, the latest investment bank rankings, and the 50th anniversary of the ATM – the only financial innovation of modern times that has actually improved society, according to Paul Volcker, former chairman of the US Federal Reserve. With special guests Hubertus Väth, director of Frankfurt Main Finance and Mark Benjamin, president and COO of cash machine company NCR.With special guests Hubertus Väth, director of Frankfurt Main Finance and Mark Benjamin, president and COO of cash machine company NCR. Hosted on Acast. See acast.com/privacy for more information.
22/03/17•17m 16s
Bank ethics, HSBC's new chairman and the life of a Wall Street analyst
Caroline Binham and guests discuss a new survey of bank ethics in the UK, Mark Tucker's appointment as chairman of HSBC, and how the role of Wall Street bank analyst has changed in the last 25 years. With special guest Dame Colette Bowe of the UK Banking Standards Board and Mike Mayo, US bank research analyst. Hosted on Acast. See acast.com/privacy for more information.
20/03/17•21m 8s
Deutsche's rights issue, holding managers to account and Goldman's phone crackdown
Patrick Jenkins and guests discuss Deutsche Bank's big rights issue, the UK Senior Managers Regime one year on, and Goldman Sachs's crackdown on free phone calls. With special guest Davide Serra of Algebris Investments. Hosted on Acast. See acast.com/privacy for more information.
07/03/17•14m 23s
New UK clearing bank, Deutsche Bank pay and US banks' expatriate workers
Patrick Jenkins and guests discuss the launch of the first new clearing bank in the UK in 200 years, Deutsche Bank pay and the friction in the US between Trump's protectionist policies and banks' desire to employ staff in Asia. With special guest Nick Odgen, executive chairman of Clear Bank. Hosted on Acast. See acast.com/privacy for more information.
28/02/17•14m 49s
RBS's EU reprieve, Deutsche Bank's mystery investor and HSBC profits slide
Patrick Jenkins and guests discuss a proposal that Royal Bank of Scotland should no longer be required to sell Williams & Glyn, Deutsche Bank's mystery Chinese investor and HSBC's disappointing results. With special guest Andrew Coombs of Citigroup. Hosted on Acast. See acast.com/privacy for more information.
21/02/17•17m 35s
Credit Suisse results, the Co-op's woes and how to price loans to people with limited credit histories
Patrick Jenkins and the FT banking team discuss Credit Suisse's full-year results with Berenberg analyst James Chappell and the Co-operative Bank's struggle to survive under its current ownership. They also talk to Douglas Merrill of ZestFinance, a financial software company that helps lenders price loans to people with patchy credit histories. Hosted on Acast. See acast.com/privacy for more information.
14/02/17•20m 32s
Gary Cohn and US deregulation, Lloyds abuses and Italian banks
Patrick Jenkins and guests discuss the merits of putting former Goldman Sachs banker Gary Cohn in charge of US deregulation, Lloyds bank's review of HBOS fraud customers, and Italian banking as UniCredit goes to the market and Intesa ponders a takeover of Generali. With special guest Dennis Kelleher, head of the regulatory think tank Better Markets. Hosted on Acast. See acast.com/privacy for more information.
07/02/17•23m 35s
Deutsche Bank settles Russia probe, Goldman challenges Trump and Europe's toxic loans
Patrick Jenkins and guests discuss Deutsche Bank's latest legal settlement, Goldman Sachs' criticism of Donald Trump's immigration reforms and the proposed creation of a 'bad bank' to deal with Europe's toxic loans. With special guest Andrea Enria, chairman of the European Banking Authority. Hosted on Acast. See acast.com/privacy for more information.
31/01/17•12m 29s
European banks on Brexit, Lloyds cyberattack and US banks on fintech
Martin Arnold and guests discuss European banks' views on Brexit as expressed at the FT's European financial forum in Dublin, the recent cyberattack on Lloyds Bank and how mainstream US banks view their fintech competitors. With special guests Noreen Doyle of Credit Suisse, and David Stolin, professor of finance at Toulouse Business School Hosted on Acast. See acast.com/privacy for more information.
24/01/17•14m 59s
Davos news, William Hague joins Citigroup and US fourth quarter earnings
Patrick Jenkins and guests discuss the latest news from Davos as financiers and policymakers gather in the Swiss ski resort, William Hague's appointment as an adviser to US bank Citigroup and the first of the US bank's fourth quarter earnings. Hosted on Acast. See acast.com/privacy for more information.
17/01/17•12m 53s
Global bank reform postponed, UK ringfence concerns and US banks' credit outlook
Patrick Jenkins and guests discuss the decision by global financial supervisors to postpone a key bank reform vote, concerns that UK banks may be in danger of missing a 2019 ringfence deadline, and the credit markets outlook for US banks. With special guests Michael Lever of the investment banking association AFME, and David Fanger a senior vice president at Moody's. Hosted on Acast. See acast.com/privacy for more information.
10/01/17•20m 11s
Lloyds MBNA deal, US payments app Circle and 2017 predictions
Patrick Jenkins and guests discuss Lloyds Bank's first acquisition since it was rescued by the UK taxpayer over seven years ago, the Goldman Sachs-backed payments app Circle, and predictions for 2017, With special guest Jeremy Allaire, chief executive of Circle. Hosted on Acast. See acast.com/privacy for more information.
20/12/16•15m 17s
Italy's Unicredit, Goldman Sachs succession and tackling cybercrime
Patrick Jenkins and guests discuss Unicredit's restructuring plan, the implication for Goldman Sachs of another departure from its ranks, the bank's number two Garry Cohn, the recent hacking of customer accounts at the UK's Tesco Bank and international efforts to tackle cybercrime. With special guests Jean-Pierre Mustier, head of Unicredit, and Sarah Bloom-Raskin, US deputy Treasury secretary. Hosted on Acast. See acast.com/privacy for more information.
13/12/16•14m 21s
Italian referendum fallout and RBS liabilities
Patrick Jenkins and guests discuss the repercussions of the Italian referendum on the country's banking sector and the costs for RBS as the UK bank tries to settle old scores with old shareholders. With special guest Davide Serra of investment fund Algebris. Hosted on Acast. See acast.com/privacy for more information.
06/12/16•13m 50s
Italian banks, UK stress test results and US fintech
Patrick Jenkins and guests discuss the outlook for Italian banks ahead of Sunday's referendum, UK stress tests and why RBS failed, and a new mood of co-operation between US banks and fintech companies. With special guests James Sym, fund manager at Schroders, and Zach Perret, CEO of US fintech company Plaid. Hosted on Acast. See acast.com/privacy for more information.
30/11/16•20m 34s
Fading global consensus on bank rules, change at Goldman Sachs and Lloyds Bank's credit card gamble
Patrick Jenkins and guests discuss the EU proposal to tighten rules for overseas banks operating in the bloc in a tit-for-tat step against the US, change at the top of Goldman Sachs and Lloyds Bank's big bet on credit cards. Hosted on Acast. See acast.com/privacy for more information.
22/11/16•15m 30s
Trump and Wall Street, City jobs at risk over clearing, and Asian investment banking
What Donald Trump's presidency means for Wall Street, the jobs implications in the City if euro-denominated clearing is forced out of London after Brexit, and prospects for investment banking in Asia. Patrick Jenkins is joined by Martin Arnold, Philip Stafford and Don Weinland. Hosted on Acast. See acast.com/privacy for more information.
15/11/16•18m 0s
HSBC results, Tesco Bank cyber attack and US mortgage market
Patrick Jenkins and guests discuss HSBC's surprisingly strong third quarter results, the cyber disaster at Tesco Bank and the low rate of US mortgage market defaults. With special guest Ronit Ghose, head of global banks research at Citigroup. Hosted on Acast. See acast.com/privacy for more information.
08/11/16•16m 33s
European bank results, Brexit debate and robo advisers
Patrick Jenkins and guests discuss the latest European bank results, which were better than expected, concerns about government secrecy on Brexit talks, and robo advisers in the US. With Chirantan Barua of Bernstein Research and Bill Harris, CEO of Personal Capital Hosted on Acast. See acast.com/privacy for more information.
01/11/16•17m 14s
Monte dei Paschi's new plan, low returns in Asia and US retail banks
Martin Arnold and guests discuss the latest turnround plan announced by Italy's Monte dei Paschi, western investment banks' struggle to make money in Asia and the impact of low interest rates on US retail banks, with special guests Filippo Alloatti of Hermes Investment Management and Mike Mayo, banking analyst at CLSA. Hosted on Acast. See acast.com/privacy for more information.
25/10/16•20m 2s
RBS, investment bank league tables and US quarterly earnings
Patrick Jenkins and guests discuss the Royal Bank of Scotland's falling valuation, the use and abuse of league tables by investment banks and US third quarter bank earnings, with special guest Sandy Chen, banks analyst at Cenkos. Hosted on Acast. See acast.com/privacy for more information.
18/10/16•14m 48s
Transatlantic tensions over Basel, Brexit fallout and Deutsche Bank's special treatment
Patrick Jenkins and guests discuss transatlantic tensions over proposed new Basel committee rules, more Brexit fallout and why European regulators gave Deutsche Bank special treatment in the summer's stress tests. Hosted on Acast. See acast.com/privacy for more information.
11/10/16•19m 17s
Deutsche Bank, RBS's robot teller and blockchain meets Wall Street
Patrick Jenkins and guests discuss Deutsche Bank's torrid week, RBS's new robot teller, and a US company that is using blockchain to make capital markets more efficient. With special guests Jane Howard of RBS and NatWest, and Caitlin Long of Symbiont. Hosted on Acast. See acast.com/privacy for more information.
04/10/16•20m 52s
Deutsche Bank disasters, HSBC succession plans and an investment platform for women
Patrick Jenkins and guests discuss Deutsche Bank's falling share price, succession planning at HSBC and in the US, Sallie Krawcheck of Ellevest tells Alistair Gray why women need their own investment platform. Hosted on Acast. See acast.com/privacy for more information.
27/09/16•17m 24s
EU passporting rights, Deutsche Bank's giant fine and Wells Fargo fallout
Patrick Jenkins and guests discuss data showing the importance of the single market, Deutsche Bank's potential $14bn fine, and the fallout from the Wells Fargo mis-selling scandal, with special guest Terry Jorde, chief of staff at the Independent Community Bankers of America. Hosted on Acast. See acast.com/privacy for more information.
20/09/16•18m 52s
Phantom accounts, gold-plated pensions and digitally profiling potential bankers
The Financial Times banking team looks at the Wells Fargo “phantom account” scandal, the Bank of England’s generous pension scheme, and how Deutsche Bank is using new technology to screen tens of thousands of candidates for graduate jobs. Hosted on Acast. See acast.com/privacy for more information.
13/09/16•19m 56s
Brexit options, RBS deposits and investment bank results
Patrick Jenkins and guests discuss the latest thinking on Brexit and the Swiss-plus model, what the Royal Bank of Scotland does with its deposits and the downturn in investment bank results. They are joined by special guest Tim Bush of investor advisory group Pirc. Hosted on Acast. See acast.com/privacy for more information.
06/09/16•15m 23s
CBI on Brexit, Barroso's Goldman job and Fed policy options
Patrick Jenkins and guests discuss the CBI's views on regulation post-Brexit and former EU chief José Manuel Barroso's new job at Goldman Sachs, while in the US, Ben MacLannahan talks to Kim Schoenholtz, of NYU Stern School of Business, about Fed policy options in an era of low inflation and low growth. Hosted on Acast. See acast.com/privacy for more information.
30/08/16•18m 52s
Brexit options, Deutsche Bank and US mortgage insurance
Patrick Jenkins and guests discuss the latest developments in the UK Brexit debate and what options are on the table for UK financial institutions, why a Deutsche Bank whistelblower spurned his award and developments in the US mortgage insurance market. With special guests Barney Reynolds of Shearman & Sterling and Dinos Iordanou of Arch Capital. Hosted on Acast. See acast.com/privacy for more information.
23/08/16•20m 40s
ValueAct's stake in Morgan Stanley, new accounting rules and hoarding cash
Martin Arnold and guests discuss ValueAct's stake in Morgan Stanley, why banks appear unprepared for a looming international accounting change, and hoarding cash: a drastic response to negative interest rates. With special guest Andrew Spooner of Deloitte. Hosted on Acast. See acast.com/privacy for more information.
16/08/16•16m 57s
UK retail banks told to reform services, RBS ditches spin-off and small business lenders in the US
Christopher Thompson and guests discuss the UK competition watchdog's long-awaited report into the state of retail banking, Royal Bank of Scotland's decision to abandon its spin-off of Williams and Glyn, European investment banks' underperformance and the state of small business lending in the US. With special guests Eric Leenders of the British Bankers Association and Glenn Goldman of Credibly. Hosted on Acast. See acast.com/privacy for more information.
09/08/16•22m 34s
European stress tests, Lloyds results and PPI, plus six years of Dodd-Frank
Patrick Jenkins and Laura Noonan discuss the European stress tests with KPMG's Marcus Evans, Emma Dunkley looks at results from Lloyds and the latest developments in the PPI mis-selling scandal. Meanwhile, Ben McLannahan speaks to Doug Landy, partner at Milbank, Tweed, Hadley & McCloy about banking regulation and the Dodd-Frank Act, which has just turned six years old. Hosted on Acast. See acast.com/privacy for more information.
02/08/16•21m 3s
HSBC forex fallout, Luxembourg's pitch to City firms and the MF Global settlement
Patrick Jenkins and Martin Arnold discuss US authorities’ allegation that current and former HSBC employees cheated clients on a foreign exchange deal, and look at how Luxembourg is pitching to win business from firms in the City of London stung by Brexit. Meanwhile, Ben McLannahan speaks to Nader Tavakoli, CEO of Ambac, about the settlement to end litigation brought by investors burnt by the collapse of the futures brokerage MF Global. Hosted on Acast. See acast.com/privacy for more information.
26/07/16•17m 32s
Unicredit's new chief, US bank results and the cost of Brexit
Patrick Jenkins and guests discuss US bank results, particularly Goldman Sachs, the Boston Consulting Group's report on what Brexit will cost the banking system, and Italy's banking crisis, with special guest Jean-Pierre Mustier, Unicredit's new chief executive. Hosted on Acast. See acast.com/privacy for more information.
19/07/16•12m 39s
Bankers' pay, women in finance and US quarterly bank earnings
Patrick Jenkins and Laura Noonan discuss bank chief executives' pay and the latest UK moves to get more women into finance, with special guest Harriett Baldwin, economic secretary to the UK Treasury, and in the US Ben McLannahan previews US banks' second quarter earnings with Nathan Stovall of S&P Global Market Intelligence. Hosted on Acast. See acast.com/privacy for more information.
12/07/16•21m 15s
Banking Weekly extra: derivatives trading under pressure
In this extra edition of Banking Weekly, Owen Walker and Philip Stafford discuss the challenges derivatives trading is facing from regulation, technology and macroeconomics, and hear the views of participants at a recent derivatives conference in London.Read more at: FT.com/reports/exchanges-trading-clearing Hosted on Acast. See acast.com/privacy for more information.
11/07/16•7m 8s
Brexit's impact on UK and Italian banks and US stress tests
Patrick Jenkins and guests discuss the mayhem in the Italian banking sector, the consequences of the Brexit vote for RBS and the Bank of England's stability outlook and the results of the latest US stress tests. Hosted on Acast. See acast.com/privacy for more information.
05/07/16•14m 24s
The future of the City of London after Brexit
Patrick Jenkins and guests are joined by Simon Gleeson, a partner at law firm Clifford Chance for an extended discussion on the implications of Britain's vote to leave the European Union for foreign and UK banks in the City of London. Hosted on Acast. See acast.com/privacy for more information.
28/06/16•20m 25s
BoE embraces fintech, bankers personalities and US stress tests
Patrick Jenkins and guests discuss the Bank of England's decision to embrace financial technology, why bankers' personalities are a key risk factor, with special guest Sascha Steffen of the University of Mannheim, and this week's US Fed stress tests. Hosted on Acast. See acast.com/privacy for more information.
21/06/16•18m 29s
Goldman Sachs in the dock, investment banking fees and Standard Chartered
Patrick Jenkins and guests discuss allegations against Goldman Sachs, investment banking fees in the US versus Europe, and conduct issues at Standard Chartered, with special guest, chief executive Bill Winters. Hosted on Acast. See acast.com/privacy for more information.
14/06/16•19m 19s
EU bank health, hiring and RBS spin-off, Citizens
Patrick Jenkins and guests discuss why European banks are still not up to scratch in terms of emergency cash calls, with special guest José Manuel González-Páramo, head of regulation at Spain's BBVA, also changes in hiring practices, and Ben McLannahan in the US interviews the chief executive of RBS spin-off Citizens. Hosted on Acast. See acast.com/privacy for more information.
07/06/16•20m 56s
Peer-to-peer lenders, European rights issues and US regulation
Martin Arnold and guests discuss whether the US peer-to-peer bubble is bursting, rights issues in Europe, and the failings of US bank regulation. Hosted on Acast. See acast.com/privacy for more information.
31/05/16•23m 4s
Contactless payments, Unicredit and US bank risk
Patrick Jenkins and guests discuss the rapid rise of contactless payments in the UK, management changes at UniCredit, Italy's biggest bank, and how Moody's, the ratings agency, views US investment banks Hosted on Acast. See acast.com/privacy for more information.
24/05/16•17m 21s
UK high street competition, cyber risk and Goldman Sachs's natural gas business
Patrick Jenkins and guests discuss competition on the UK high street, cyber risk to banks and how Goldman Sachs has become one of the biggest natural gas merchants in North America. Hosted on Acast. See acast.com/privacy for more information.
17/05/16•17m 58s
UK mortgage market, Tabernula convictions and trouble at Lending Club
Patrick Jenkins and guests discuss the latest innovations in the UK mortgage market, the outcome of the Tabernula insider trading case in the UK and the surprise resignation of Lending Club's Renaud Laplanche. Hosted on Acast. See acast.com/privacy for more information.
10/05/16•15m 43s
European bank results, Deutsche Bank's legal problems and Chinese shadow banking
Patrick Jenkins and guests discuss a gloomy set of European bank results, problems at Deutsche Bank after the UK financial watchdog found failings in relation to financial crime and China's shadow banking sector. Hosted on Acast. See acast.com/privacy for more information.
03/05/16•14m 28s
Goldman's move to retail banking, 'coco' bonds and UK banks fall behind in Europe
Patrick Jenkins and guests discuss Goldman Sachs's move into retail banking, the usefulness or otherwise of 'coco' bonds and why British banks aren't doing as well as their European continental rivals. Hosted on Acast. See acast.com/privacy for more information.
26/04/16•17m 50s
Fixing Italy's banks, US quarterly results and 'living wills'
Patrick Jenkins and guests discuss how to fix the problems in Italy's banking system and US banks' first quarter results and Ben McLannahan discusses the US policy response to 'too-big-to-fail' banks with US analyst Nancy Bush. Hosted on Acast. See acast.com/privacy for more information.
19/04/16•15m 16s
Fintech, the strengthening dollar, and misinformation hitting share prices
Banking Weekly discusses the growing investment in financial technology, the purported link between misinformation in the press and weak share prices, and has a conversation with the Bank for International Settlement's Jaime Caruana about the risks of a strengthening dollar. Hosted on Acast. See acast.com/privacy for more information.
12/04/16•18m 50s
Growth prospects of investment banks, PPI reclaims and Fed power
Claer Barrett and guests discuss growth prospects for investment banks, notably Deutsche Bank and Credit Suisse, and the drip drip of PPI reclaims in the UK. In the US, Alistair Gray talks to Larry Jacobs of Minesota university about his critique of how the Federal Reserve governs the American economy. Hosted on Acast. See acast.com/privacy for more information.
05/04/16•17m 21s
Brexit, Credit Suisse and how low interest rates affect margins
Patrick Jenkins and guests discuss what banks think about a possible Brexit and Credit Suisse's unexpected portfolio of high risk assets, and in the US, Sujeet Indap asks Alistair Gray, US financial correspondent, what the squeeze on interest rates means for bank margins. Hosted on Acast. See acast.com/privacy for more information.
29/03/16•13m 30s
Women in finance, misconduct penalties and Italian banks
Patrick Jenkins and guests discuss the latest UK report on women in finance, led by Jayne-Anne Gadhia, head of Virgin Money, the outlook for misconduct penalties, and why Italian banks are viewed so bearishly by investors. Hosted on Acast. See acast.com/privacy for more information.
22/03/16•16m 13s
Bangladesh cyber attack, pressure on costs and a Bloomberg competitor
Patrick Jenkins and guests discuss a cyber attack on the Bangladesh central bank and growing pressure on banks to cut costs and Ben McLannahan interviews the head of Bloomberg competitor Money.Net Hosted on Acast. See acast.com/privacy for more information.
15/03/16•16m 57s
An ethical review, European investment banks shrink and the oil threat to US banks
Patrick Jenkins and guests discuss ethics in banking as the UK Banking Standards Board launches its first review, the dire state of Europe's investment banks versus their US peers, and how the oil slump is threatening US bank profits and the wider economy. Hosted on Acast. See acast.com/privacy for more information.
09/03/16•12m 13s
Proposed LSE merger with Deutsche Börse, Barclays losses, RBS, Lloyds results
Patrick Jenkins and guests discuss the proposed merger between the London Stock Exchange and Deutsche Börse and what that might mean for banks in the City of London, widening losses at Barclays, and last week's RBS and Lloyds results. Hosted on Acast. See acast.com/privacy for more information.
01/03/16•10m 46s
Brexit's impact on banks and US sub-prime lending
Martin Arnold looks at the contrasting fortunes of Standard Chartered and HSBC. Laura Noonan and Patrick Jenkins discuss the potential impact of Brexit on the City of London with Manus Costello, analyst at Autonomous. In the US, Ben McLannahan talks to Ken Rees, chief executive of sub-prime lender Elevate. Hosted on Acast. See acast.com/privacy for more information.
23/02/16•21m 9s
Anxiety about banks, Citigroup accountability and QE assessed
Martin Arnold and guests discuss why the banking sector has been gripped by investor anxiety and Citigroup's attempt to exempt its top London executives from new accountability rules in the UK. Ben McLannahan talks to Johannes Stroebel of the NYU Stern school of business about why quantitative easing and negative interest rates are ineffective at boosting lending. Hosted on Acast. See acast.com/privacy for more information.
16/02/16•20m 6s
Banks in distress, HSBC and punishing financial crisis wrongdoers
Patrick Jenkins and guests discuss distress across the banking sector, HSBC's deliberations on where its headquarters should be, and Ben MacLannahan asks Phil Angelides, former head of the financial crisis inquiry commission in the US, about his call for bankers responsible for wrongdoing to be brought to justice. Hosted on Acast. See acast.com/privacy for more information.
09/02/16•18m 7s
Reinventing Banking, UBS results and Fundera
Patrick Jenkins discusses the culture of banks and what UBS's quarterly results say about volatility in the banking system with Laura Noonan and Jessica Ground of Schroders, and Ben McLannahan talks to Jared Hecht, head of the New York-based online lending platform Fundera. Hosted on Acast. See acast.com/privacy for more information.
02/02/16•17m 31s
Interview with new FCA head Andrew Bailey, plus US and European bank results
Patrick Jenkins and the FT banking team interview Andrew Bailey just ahead of his appointment as the new head of the UK's Financial Conduct Authority, look ahead to the European banks' upcoming results on the heels of early bad news from Deutsche Bank, and talk to Brian Foran, an analyst at Autonomous, about the US bank results and what they tell us about about earnings prospects. Hosted on Acast. See acast.com/privacy for more information.
26/01/16•15m 46s
Bonuses, bond market jitters and US quarterly results
Patrick Jenkins and colleagues discuss the latest trends in bankers' bonuses, jitters in bank bond makets and a review of quarterly bank results in the US. This week's special guest is Philippe Bodereau, a portfolio manager at Pimco. Hosted on Acast. See acast.com/privacy for more information.
19/01/16•13m 38s
Controversy over dropped UK bank culture review, Unicredit, and 'robo-advice'
Patrick Jenkins and guests discuss the controversy over the UK regulator's decision to drop a review into bank culture, with special guest, the Labour MP and Treasury select committee member John Mann, and how difficulties at Unicredit, Italy's biggest bank, reflect broader problems with European banking. And in New York, Ben McLannahan interviews Dan Egan of Betterment, the leading independent 'robo-advisor'. Hosted on Acast. See acast.com/privacy for more information.
12/01/16•20m 32s
Bailing in bondholders, tech sector competition and an easier UK regulatory climate
Patrick Jenkins and guests look at the big themes of the coming year, from the latest EU plan to bail in banks' bondholders, to how banks are tackling competition from the technology sector and how the regulatory climate is easing in the UK Hosted on Acast. See acast.com/privacy for more information.
05/01/16•14m 37s
A review of the year in banking
Patrick Jenkins and guests review the year in banking, discussing the softening of the regulatory climate, the privatisation drive and leadership changes in European banks and the moment when the industry began to take fintech seriously. Hosted on Acast. See acast.com/privacy for more information.
15/12/15•12m 55s
Innovation in UK SME lending and problems at Credit Suisse and Morgan Stanley
Patrick Jenkins and guests discuss innovation in SME lending in the UK and US accusations that Credit Suisse misled investors, and Ben McLannahan discusses the failings of Morgan Stanley's fixed income business with CLSA bank analyst Mike Mayo. Hosted on Acast. See acast.com/privacy for more information.
08/12/15•13m 33s
UK stress test results, Brazil's BTG Pactual and US online lenders
Patrick Jenkins and guests discuss the Bank of England's latest stress test results, the crisis at Brazil's BTG Pactual after the arrest of its chief executive and the health of online lenders in the US. Hosted on Acast. See acast.com/privacy for more information.
01/12/15•18m 13s
Trading capital rules and the expansion plans of Spain's BBVA and Japan's MUFG
Patrick Jenkins and guests discuss new trading capital rules and Spanish bank BBVA's entry into the UK market, and Ben McLannahan interviews the head of the US investment banking arm of the Japanese lender MUFG about its expansion plans in the US. Hosted on Acast. See acast.com/privacy for more information.
24/11/15•13m 57s
Nationwide's chief executive, the upheaval in bank research and Applepay
Patrick Jenkins talks to David Roberts, Nationwide chairman, about the UK building society's choice of Joe Garner as chief executive, and discusses the upheaval in bank research and the next phase of Applepay's payments technology with colleagues Martin Arnold, Emma Dunkley and Laura Noonan. Hosted on Acast. See acast.com/privacy for more information.
17/11/15•20m 55s
Can challengers disrupt the big banks?
Since the financial crisis new lenders have stepped in to provide businesses with funding once provided by the big banks.Can the challengers disrupt the dominance of the incumbents? Emma Dunkley puts the question to Paul Lynam, chief executive of Secure Trust and Rhydian Lewis, chief executive of Rate Setter. Hosted on Acast. See acast.com/privacy for more information.
12/11/15•13m 57s
City UK, bank capital rules and Goldman Sachs hiring practices
Patrick Jenkins and guests discuss the lobby group City UK's agenda for making London more competitive, the Financial Stability Board's latest bank capital measure and a change in hiring practices by Goldman Sachs. Hosted on Acast. See acast.com/privacy for more information.
11/11/15•14m 30s
Fixing the eurozone, digital currencies and peer to peer lending
Patrick Jenkins and Martin Arnold discuss the highlights of this week's FT banking summit in London, including reflections by Yanis Varoufakis, former Greek finance minister, on how to fix the eurozone, a prediction on the future of digital currencies and what direction peer to peer lending will take next. Hosted on Acast. See acast.com/privacy for more information.
04/11/15•13m 58s
How vulnerable are banks to technological change and the oil slump?
Martin Arnold and guests discuss the shortage of tech experts on bank boards, Deutsche Bank's IT overhaul, RBS's decision to adopt Facebook at Work and the industry's exposure to the oil and gas slump. Hosted on Acast. See acast.com/privacy for more information.
27/10/15•17m 18s
US third quarter earnings, Deutsche Bank shake-up and a Visa windfall
Patrick Jenkins and guests discuss the third quarter earnings of US banks, Deutsche Bank's management clear-out, and what the planned combination of Visa and Visa Europe means for the banks that use them. Hosted on Acast. See acast.com/privacy for more information.
20/10/15•9m 30s
Barclays picks Staley, UK ringfencing and Credit Suisse
Patrick Jenkins and guests discuss Barclays’ choice of new chief executive, whether the UK regulator is watering down the idea of ringfencing, and Credit Suisse’s preparations to raise capital. Hosted on Acast. See acast.com/privacy for more information.
13/10/15•16m 14s
Europe's capital markets union, Lloyds selloff and capitalised bank subsidiaries in India and the UK
Martin Arnold and guests discuss the European Commission plan to create a capital markets Union to make it easier for businesses to access financial markets, why some countries, including the UK and India, are pushing foreign banks to set up separately capitalised subsidiaries, and the UK government's plan to sell the last chunk of its shares in Lloyds. Hosted on Acast. See acast.com/privacy for more information.
06/10/15•16m 32s
UK mortgage market, Barclays Qatar probe and US bank CEOs
Patrick Jenkins and guests discuss UK mortgage data and whether it has returned to danger territory, the latest on the Barclays Qatar probe and US bank CEO news. Hosted on Acast. See acast.com/privacy for more information.
29/09/15•12m 43s
Standard Chartered, Santander and UK ringfencing rules
Patrick Jenkins and guests discuss allegations concerning Standard Chartered's Iranian business, the UK's final rules on ringfencing and their knock-on effect on dividends, and Santander's new strategic plan. Hosted on Acast. See acast.com/privacy for more information.
22/09/15•14m 22s
Basel III compliance, Deutsche Bank and Portugal's Novo Banco
Patrick Jenkins and guests discuss the latest evidence on Basel III compliance among the world banks, Deutsche Bank's woes and the fate of Portugal's Novo Banco. Hosted on Acast. See acast.com/privacy for more information.
15/09/15•19m 32s
Forecasting the impact of the UK's new bank tax, Paul Taubman's boutique set to float, and should US banks split chairman and CEO roles?
Patrick Jenkins and guests discuss the UK's new bank tax and whether the government got the numbers wrong, Brian Moynihan's bid to stay on as both chairman and CEO of Bank of America, and boutique investment bank PJT Partners which is set to float less than two years after it was founded by Paul Taubman. Hosted on Acast. See acast.com/privacy for more information.
08/09/15•14m 19s
Non-performing loans in China, investment bank landscape and Portugal's Novo Banco
Patrick Jenkins and guests discuss the surge in non-performing loans in the Chinese banking sector, a new landscape for investment banking and fresh developments in the takeover battle for Portugal's Novo Banco. Hosted on Acast. See acast.com/privacy for more information.
01/09/15•15m 51s
First Libor conviction, Greek banks and RBS share sale
Martin Arnold and guests discuss the conviction of former star trader Tom Hayes in the global scandal over the manipulation of benchmark interest rates, how shares in Greek banks have plummeted since the country's stock markets reopened, and the sale of shares in the UK's Royal Bank of Scotland. Hosted on Acast. See acast.com/privacy for more information.
04/08/15•15m 31s
China stock market turmoil, results from Credit Suisse and Lloyds
Martin Arnold and guests discuss the recent stock market turmoil in China, whether this week's results show that Credit Suisse may be closing the gap with its rival UBS, and how Lloyds and RBS are placed as the government prepares to sell off more shares in the two lenders. Hosted on Acast. See acast.com/privacy for more information.
28/07/15•17m 11s
Cost cutting at Standard Chartered and Barclays, US bank results, and a UK regulator departs
Patrick Jenkins and guests discuss cost cutting at Standard Chartered and Barclays, US bank results and Fed capital buffer rules, and relief in the City of London over Martin Wheatley's departure. Hosted on Acast. See acast.com/privacy for more information.
21/07/15•14m 47s
The removal of Antony Jenkins at Barclays, Greek banks and JPMorgan results
Patrick Jenkins and guests discuss the removal of Antony Jenkins as chief executive of Barclays, what the latest developments in Greece mean for the country's banks and what JPMorgan results tell us about the outlook for Wall Street banks. Hosted on Acast. See acast.com/privacy for more information.
14/07/15•11m 34s
Greek banks, the UK Budget and bankers' pay
Patrick Jenkins and guests discuss whether Greek banks can survive the current turmoil, what's in the UK budget and whether global bankers' pay is getting back to pre-crisis levels. Hosted on Acast. See acast.com/privacy for more information.
07/07/15•16m 3s
Greek default, Deutschebank and Credit Suisse
Martin Arnold and guests discuss the potential impact of a Greek default , the German regulator's scathing report on Deutschebank's involvement in the libor scandal, and what Tidjane Thiam's arrival as chief executive means for Credit Suisse. Hosted on Acast. See acast.com/privacy for more information.
30/06/15•15m 20s
Greek banks, RBS privatisation and Goldman Sachs's direct lending
Patrick Jenkins and guests discuss rising tensions in Greece, Royal Bank of Scotland's preparations for re-privatisation with special guest Sir Philip Hampton, RBS's outgoing chairman, and Goldman Sachs's decision to start direct lending. Hosted on Acast. See acast.com/privacy for more information.
23/06/15•15m 25s
Greek banks, liquidity rules and bank rebranding
Patrick Jenkins and guests discuss whether bank rebranding works as HSBC considers reviving its Midland brand, the state of Greek banks as tensions rise between Greece and its creditors, and liquidity rules and pending problems in the markets. Hosted on Acast. See acast.com/privacy for more information.
16/06/15•16m 46s
Deutsche Bank, HSBC and the UK's financial regulation review
Martin Arnold and guests discuss Deutsche Bank's announcement that it is changing chief executives, HSBC's new strategic plan and the UK's Fair and Effective Markets Review, the government's attempt to clean up fixed income markets. Hosted on Acast. See acast.com/privacy for more information.
09/06/15•14m 11s
China moves into European banks, Lloyds share sale, and non-banks in the US mortgage market
Patrick Jenkins and guests discuss China's incursion into financial services in Europe, the UK government's plan to sell off its stake in Lloyds and RBS, and the US mortgage markets as non-bank lenders go into the ascendancy. Hosted on Acast. See acast.com/privacy for more information.
02/06/15•16m 4s
Record fine for Keydata, the debate over ringfencing, and Monte dei Paschi rights issue
Deputy head of Lex Oliver Ralph and guests discuss the £75m fine for Keydata over mis-selling of investment products, the ongoing debate over ringfencing banks' retail and investment units, and the attempts of Italian bank Monte dei Paschi di Siena to raise €3bn in a rights issue Hosted on Acast. See acast.com/privacy for more information.
27/05/15•24m 10s
Shadow bank risks, Brexit planning and Zopa's Metro Bank alliance
Patrick Jenkins and guests discuss the open letter from financial chiefs warning policy makers of the threat from shadow banking, Deutsche Bank's contingency planning for Brexit, and Zopa's alliance with Metro Bank. Hosted on Acast. See acast.com/privacy for more information.
19/05/15•13m 17s
The forex scandal, UK election results and women in the City
Patrick Jenkins and guests discuss the latest forex scandal as banks prepare to settle a round of litigation, what the UK election result means for banks and women's advancement in the City of London. Hosted on Acast. See acast.com/privacy for more information.
12/05/15•14m 35s
HSBC and UBS results and a UK supreme court hearing on bonus tax payments
Patrick Jenkins is joined by Martin Arnold, Emma Dunkley, Vanessa Houlder and Kinner Lakhani from Citigroup to discuss first quarter results from HSBC and UBS, and a supreme court hearing on some legacy tax payments on bonuses. Hosted on Acast. See acast.com/privacy for more information.
05/05/15•12m 38s
'Golden parachutes' under attack, Deutsche Bank strategy and will HSBC move its HQ?
Patrick Jenkins and guests discuss "golden parachutes" as Citigroup comes under attack from investors, Deutsche Bank's strategy plan and results and HSBC's announcement that it is considering moving its domicile away from the UK. Hosted on Acast. See acast.com/privacy for more information.
28/04/15•43s
Bumper US bank results, Deutsche Bank's strategic review and HSBC's AGM
Patrick Jenkins and guests discuss first quarter results as bumper numbers from the US banks set the tone for the rest of the world, Deutsche Bank's upcoming strategic review and libor settlement, and Friday's HSBC annual general meeting. Hosted on Acast. See acast.com/privacy for more information.
21/04/15•15m 28s
JP Morgan results, GE Capital sell-off and Arlette Ricci's tax evasion conviction
Patrick Jenkins and guests discuss what JP Morgan's first quarter results tell us to expect about further results across Wall Street, the shrinking of GE capital, the financial division of General Electric, and the first conviction for tax evasion resulting from HSBC's Swiss private banking scandal. Hosted on Acast. See acast.com/privacy for more information.
14/04/15•15m 58s
Deferred tax assets, UK bonuses and another UK lender floats
Patrick Jenkins is joined by Laura Noonan, Emma Dunkley and Christian Oliver to look at the row over deferred tax assets that is brewing in Europe, falling UK bank bonuses and the flotation of another UK small business lender Shawbrook. Hosted on Acast. See acast.com/privacy for more information.
07/04/15•12m 13s
BoE stress tests, the universal banking model and investment bank results
Martin Arnold discusses the Bank of England's new stress tests scenario, whether the universal banking model is dead, and investment banks' strong first quarter results, with Laura Noonan, Caroline Binham, Oliver Ralph and Rob Smith, banking risk director at KPMG. Hosted on Acast. See acast.com/privacy for more information.
31/03/15•1m 5s
Bank of America faces shareholder pressure, UK payments regulator and living wills
Patrick Jenkins is joined by Martin Arnold, Caroline Binham and Bartlett Naylor of the consumer advocacy group Public Citizen, to discuss the Bank of America as it comes under sustained pressure to change the way it manages itself, the new UK payments regulators and the latest US rejection of the living wills of European banks. Hosted on Acast. See acast.com/privacy for more information.
24/03/15•15m 31s
US stress tests, Sabadell's TSB bid and the FCA's new head
Patrick Jenkins and colleagues discuss why two European banks failed the US stress tests, the planned acquisition of TSB in the UK by Spain's Sabadell and new City watchdog chief Tracey McDermott's debut interview with the FT. They are joined by Andrew Lowe, analyst at Berenberg Bank. Hosted on Acast. See acast.com/privacy for more information.
17/03/15•1m 5s
Change at Credit Suisse, Commerzbank fine and Aldermore flotation
Patrick Jenkins is joined by Martin Arnold and Emma Dunkley to discuss the decision to appoint insurance executive Tidjane Thiam as the new head of Credit Suisse, the conduct fine against Germany's Commerzbank, and the flotation of UK small business lender Aldermore. Hosted on Acast. See acast.com/privacy for more information.
10/03/15•10m 17s
Bankers' pay, the Lloyds dividend and US stress tests
Patrick Jenkins is joined by Martin Arnold, Emma Dunkley, Laura Noonan and Tom Gosling of PwC to talk about what the European banking authority is saying about allowances at a time when bank bosses seem to be more inclined to take their bonuses, Lloyds bank's decision to resume dividend payments and next week's US stress tests. Hosted on Acast. See acast.com/privacy for more information.
03/03/15•1m 5s
Greek bank solvency, UK regulation of managers and HSBC troubles
Patrick Jenkins is joined by Daniele Nouy, head of the ECB's supervisory wing, as well as Caroline Binham and Martin Arnold to discuss the ECB's views of the Greek banking system, the UK 's new plans for regulating senior managers and the continuing difficulties at HSBC. Hosted on Acast. See acast.com/privacy for more information.
24/02/15•1m 5s
HSBC damage, the future of asset manager pay and Caixabank's Portuguese takeover
Patrick Jenkins is joined by Martin Arnold, Caroline Binham, Harriet Agnew, Laura Noonan and William Wright, founder and managing director of think tank New Financial, to discuss HSBC and the damage caused by the latest Swiss private banking scandal, asset manager pay, and the planned takeover of Portugal's BPI by Spain's Caixabank Hosted on Acast. See acast.com/privacy for more information.
17/02/15•16m 42s
HSBC revelations, UBS results and trouble at Austria's Raiffeisen
Patrick Jenkins is joined by Martin Arnold, Laura Noonan and George Dallas, policy director of the International Corporate Governance Network, to discuss the revelations about HSBC's private banking operation in Switzerland, UBS's mixed results and troubles at Austria's Raiffeisen bank. Hosted on Acast. See acast.com/privacy for more information.
10/02/15•14m 22s
Democratising finance, Greece's new government and European structural reforms
Patrick Jenkins is joined by Martin Arnold, Emma Dunkley and David Parker, managing director in the financial services practice at Accenture to discuss the democratisation of finance, the impact of the new Greek government on the country's banking sector, and structural reform in Europe. Hosted on Acast. See acast.com/privacy for more information.
03/02/15•15m 1s
The ECB move on QE, reflections on Davos and peer to peer lending
Patrick Jenkins is joined by Martin Arnold, Emma Dunkley, Robbin Wigglewsorth and James Chappell, banks analyst ar Berenberg, to discuss QE and whether it will be transmitted into the European economy as policymakers hope, a reflection on Davos and whether the latest peer to peer lending innovations are good news for the market and consumers. Hosted on Acast. See acast.com/privacy for more information.
27/01/15•10m 41s
The Davos agenda, US banks and legal charges, and sexism in the City
Patrick Jenkins is joined by Martin Arnold, Oliver Ralph and Harriet Agnew to discuss the Davos agenda, US banks and legal charges, and why the City of London is so bad at hiring top women. Hosted on Acast. See acast.com/privacy for more information.
20/01/15•11m 41s
Santander's capital raising, the launch of WeBank and prospects for bonuses
Patrick Jenkins is joined by Martin Arnold, Gabriel Wildau and Daragh Quinn, an analyst at Nomura, to discuss Banco Santander's successful capital raising, WeBank, the latest Chinese new banking launch, and the gloomy prospects for bonuses on Wall Street and in London. Hosted on Acast. See acast.com/privacy for more information.
12/01/15•14m 55s
New rules on ringfencing, the falling oil price and payday lenders
Patrick Jenkins and guests discuss the way UK banks are adapting to new rules on ringfencing, how exposed global banks are to the falling oil price, and the effect of the lending cap on UK payday lenders. He is joined by the FT's Martin Arnold, Emma Dunkley and by Giles Williams, who looks at European regulation at KPMG. Hosted on Acast. See acast.com/privacy for more information.
05/01/15•1m 5s
Looking ahead to 2015
Patrick Jenkins is joined by Martin Arnold, Sam Fleming and Emma Dunkley to discuss their predictions for 2015: changes at the top of the world's biggest banks, regulators' shift in focus from bonuses to fixed pay, digitisation of challenger banks and more Hosted on Acast. See acast.com/privacy for more information.
15/12/14•43s
Has structural reform in European banking stalled?
Patrick Jenkins is joined by Martin Arnold, Emma Dunkley and Marco Mazzucchelli, a former member of the Liikanen commission on European structural change in banking, to discuss the European Commission's apparent move to row back on its recommendations, plus the latest developments in UK banking and the Bank of International Settlements report highlighting the dangers of the ever strengthening dollar for emerging market corporate debt. Hosted on Acast. See acast.com/privacy for more information.
08/12/14•1m 5s
Spat over the senior manager's regime, Nationwide results and the FT's banking summit
Patrick Jenkins discusses the latest spat between the UK Treasury select committee and banks over the senior managers regime, Nationwide results, and the FT's debut banking summit with Martin Arnold, Sam Fleming and Emma Dunkley, and they are joined by Anthony Brown, chief executive of the British Bankers Association. Hosted on Acast. See acast.com/privacy for more information.
01/12/14•20m 24s
UK admits defeat on bonus cap, insider trading probe at BNP Paribas and a torrid week for RBS
Patrick Jenkins is joined by Sam Fleming, Emma Dunkley and Michael Stothard to discuss the UK decision to drop its challenge to the EU bonus cap, the latest developments at BNP Paribas, where top executives are being investigated for alleged insider trading, and a torrid week for RBS which was fined for an IT systems failure and revealed it got its figures wrong in the recent stress tests Hosted on Acast. See acast.com/privacy for more information.
24/11/14•10m 17s
Forex reform, Standard Chartered woos investors and Mark Carney on bankers' pay
Patrick Jenkins in joined by Daniel Schäfer, Sam Fleming, Emma Dunkley and Marshall Bailey from the ACI, the association that represents the foreign exchange industry, to discuss how to reform the industry in the wake of the recent trading scandal, Standard Chartered's Hong Kong roadshow, and Bank of England governor Mark Carney's speech on financial reform, including bankers' pay. Hosted on Acast. See acast.com/privacy for more information.
17/11/14•19m 16s
The UK's big EU question, news from Basel on capital requirements, and fines loom for market manipulation
Patrick Jenkins is joined by Lord Green to discuss what the question of the UK's continued membership of the EU means for London's financial sector. Also on the show this week Sam Fleming reports from Basel on the latest proposals for banks' capital from the Financial Stability Board, and Dan Schäfer has the latest on looming settlements over manipulation of the foreign exchange and precious metals markets Hosted on Acast. See acast.com/privacy for more information.
10/11/14•14m 2s
Provisioning, capital build-up, and pressure on Standard Chartered management
Patrick Jenkins is joined by Martin Arnold and Sam Fleming to discuss provisioning from banks over the foreign exchange scandal, developments in the building up of bank capital as regulators move the goal posts, and the mounting pressure on Standard Chartered management. Hosted on Acast. See acast.com/privacy for more information.
03/11/14•9m 35s
ECB stress tests and more cuts at Credit Suisse and in UK retail banking
Martin Arnold is joined by Daniel Schäfer, Emma Dunkley and Sam Fleming, as well as Kinner Lakhani of Citigroup to discuss whether the European Central Bank’s asset quality review and stress tests have cleansed the continent’s banking system of its problems, Credit Suisse’s announcement of further cuts to its investment banking division and more job losses in UK retail banking Hosted on Acast. See acast.com/privacy for more information.
27/10/14•1m 5s
Bankers pay, US bank results and peer-to-peer lenders move mainstream
Patrick Jenkins is joined by Martin Arnold, Daniel Schäfer, Sam Fleming and Emma Dunkley, as well as Andrea Enria, chairman of the European Banking Authority, to discuss bank remuneration as the battle intensifies between Europe and the UK, US bank results and what they mean for European banks about to report their results, and whether peer-to-peer lenders are going mainstream. Hosted on Acast. See acast.com/privacy for more information.
20/10/14•1m 5s
IMF meetings, Deutsche Bank exodus and Aldermore flotation
Patrick Jenkins is joined by Sam Fleming, Daniel Schäfer and Emma Dunkley to discuss what came out of last week’s IMF meeting in Washington, the exodus of traders from Deutsche Bank, and signs that the flotation of Aldermore, a newish bank may be in trouble Hosted on Acast. See acast.com/privacy for more information.
13/10/14•1m 5s
Cyber crime, new bank regulatory rules and payday lending
Patrick Jenkins is joined by Martin Arnold, Sam Fleming, Alistair Gray and Emma Dunkley, as well as James Daley, from the consumer rights body Fairer Finance to discuss cyber crime and the latest hit to JPMorgan in the US, the Bank of England’s new regulatory rules affecting banks, and a warning that payday lenders may be about to be extinguished from the market. Hosted on Acast. See acast.com/privacy for more information.
06/10/14•1m 5s
Bankers' pay, the forex trading scandal and KPMG's subsidised mortgage deal
Patrick Jenkins is joined by Sam Fleming, Emma Dunkley and Harriet Agnew, as well as Clifford Chance's Simon Gleeson to discuss bankers pay, the latest on the foreign exchange trading scandal and KPMG's innovative deal to subsidise mortgages for its staff Hosted on Acast. See acast.com/privacy for more information.
29/09/14•1m 5s
ECB TLTRO auction, Scotland's No vote and the foreign exchange trading probe
Patrick Jenkins is joined by Martin Arnold, Sam Fleming and Daniel Schäfer, as well as Huw van Steenis of Morgan Stanley, to discuss the ECB’s latest policy initiatives as the first figures emerge in the so-called TLTRO auction of cheap money, the impact of the No vote in Scotland on banks and businesses and further developments in the foreign exchange trading probe. Hosted on Acast. See acast.com/privacy for more information.
22/09/14•13m 7s
Replacement of Barclays chairman, Scottish independence debate and new Santander chief
Patrick Jenkins is joined by Martin Arnold, banking editor and Sam Fleming, financial policy correspondent, as well as Tobias Buck, Madrid bureau chief and Simon Hayes, partner at Odgers Berntson, to discuss the appointment of John McFarlane as Barclays chairman, the Scottish independence debate and the change of leadership at Spanish bank Santander. Hosted on Acast. See acast.com/privacy for more information.
15/09/14•17m 39s
ECB initiatives to boost bank lending, Brussels disquiet over bankers' allowances and nervousness ahead of the Scottish referendum
Patrick Jenkins is joined by Richard Hopkin from the Association for Financial Markets in Europe and Sam Fleming to discuss the latest European Central Bank policy initiatives to boost bank lending. Daniel Schäfer looks at unease in Brussels over the way investment banks seem to be getting around bonus restrictions and Sam Fleming looks at growing nervousness ahead of the Scottish independence referendum. Hosted on Acast. See acast.com/privacy for more information.
08/09/14•15m 27s
Lloyds' Libor fine, Deutsche's letter from the Fed and the rise of independent boutiques
Martin Arnold is joined by Sharlene Goff for news that Lloyds has been fined £226m for its part in the Libor manipulation scandal. Included in this was £8m for attempts to reduce the amount it paid back to British taxpayers following its government bailout. Daniel Schäfer reports on Deutsche Bank, which has received a letter from the US Federal Reserve that was highly critical of the quality and reliability of its reporting. And finally, Harriet Agnew joins Daniel and Martin to discuss the continued rise of boutiques, as former UBS chair Luqman Arnold joins former Glencore chair Simon Murray and three other senior partners so establish a new advisory business. Hosted on Acast. See acast.com/privacy for more information.
28/07/14•1m 5s
Can G20 leaders tackle the problem of too-big-to-fail banks?
Patrick Jenkins is joined by Sam Fleming to discuss whether world leaders will be able to agree measures to solve the problem of "too big to fail" banks when the G20 meets later this year in Brisbane. Martin Arnold has news of US banks' second quarter results, where the footnote du jour is that profits took a hit as regulators imposed fines for various misdemeanours. Finally, Sam joins Daniel Schäfer to discuss the latest from the foreign exchange scandal, where the UK's Serious Fraud Office brings the total to more than 15 authorities looking into the manipulation of rates, with the news that it may launch a criminal investigation. Hosted on Acast. See acast.com/privacy for more information.
21/07/14•1m 5s
Competition in British retail banks, developments in the Forex scandal and the troubles of Banco Espirito Santo
With the new Competition and Markets Authority expected to beguin an investigation into the competitiveness of Britain's retail banking sector, Richard Lloyd, executive director of consumer body Which?, joins Patrick Jenkins to discuss the areas that warrant attention. Also on the show, the FT banking team reports the latest development in the Forex scandal as the Department of Justice offers junior traders immunity deals, and looks developments in Portugal, where the troubles of Banco Espírito Santo are mounting and causing ructions around the peripheral eurozone. Hosted on Acast. See acast.com/privacy for more information.
14/07/14•1m 5s
European banks' 'investability', UK banks' scare tactics and banking in Iraq
Citi banks analyst Ronit Ghose joins the banking team to discuss the "investability" of European banks in light of the recent fine on BNP Paribas. Also on the show: How UK banks have been scaring customers unnecessarily with legal letters, and how western banks operating in Iraq have reacted to the advance of Isis. Patrick Jenkins is joined by Martin Arnold, banking editor and Sharlene Goff, retail banking correspondent. Hosted on Acast. See acast.com/privacy for more information.
07/07/14•1m 5s
BNP fined, BIS on central banks, and Wonga's imaginary law firms
Patrick Jenkins is joined by Martin Arnold, banking editor, for news on BNP Paribas, which has agreed to a fine of 8.9bn for dodgy dollar dealing. The French bank also has six months to prepare for a 12 month ban on dollar trading. Also on the agenda this week, Sam Fleming discusses the latest report from the Bank of International Settlements, and Sharlene Goff has news of more woes for Wonga, who must pay out millions in compensation to customers after chasing debt using fake law firms. Hosted on Acast. See acast.com/privacy for more information.
30/06/14•1m 5s
TSB floats, further forex reforms and tumult at Banco Espírito Santo
The banking team look TSB, Britain's seventh-biggest lender, as it floats on the London Stock Exchange, further reforms in foreign exchange trading as big banks move to automate processes to save money and miminise the risk of market manipulation and then that the brewing scandal at Banco Espirito Santo, Portugal's biggest bank, over the management of the group by the dynasty that has controlled it for decades. Martin Arnold, banking editor; Sharlene Goff, retail banking correspondent; Daniel Schäfer, investment banking correspondent; and Peter Wise, Portugal correspondent, join Patrick Jenkins on the show. Hosted on Acast. See acast.com/privacy for more information.
23/06/14•1m 5s
Shadow banking, payday lenders, and the return of the CDS
Patrick Jenkins is joined on the line by Jamil Anderlini, Beijing bureau chief, for news of the Chinese shadow banking sector, marking the start of a week-long FT series on shadow banking across the globe. Daniel Schäfer looks at credit default swaps, which have dropped in price and are proving more attractive than pricier government bonds. Finally, Martin Arnold has news from the UK payday lending sector, where Wonga's founder-chairman is departing and high street banks are considering entering the market Hosted on Acast. See acast.com/privacy for more information.
16/06/14•1m 5s
BoE risk report, TSB IPO hit by subdued market, and more on the embattled BNP Paribas
Patrick Jenkins is joined by Sam Fleming for news of the Bank of England's latest systemic risk report. The results showed growing concerns among bankers over geopolitcs but confidence in dealing with any forthcoming property crash. Martin Arnold has the latest on Lloyds' flotation of TSB, where a subdued market is pushing the expected price down to around 15 per cent below book value. Finally, Martin and Michael Stothard, Paris correspondent, have an update on BNP Paribas, where Francois Hollande's appeals to Barack Obama fell on deaf ears, meaning the bank remains on course for a record fine Hosted on Acast. See acast.com/privacy for more information.
09/06/14•1m 5s
ECB monetary loosening, growing competition for UK deposits, and outrage in France over BNP Paribas fine
How the European Central Bank's monetary loosening policy might affect the continent's banking sector, the increasing competition for UK retail depositors' money from new challengers, and the growing political outrage in France over a $10bn fine imposed on BNP Paribas by US regulators. Sam Fleming, financial policy correspondent, Sharlene Goff, retail banking correspondent and Michael Stothard, Paris correspondent, join Martin Arnold. Hosted on Acast. See acast.com/privacy for more information.
02/06/14•43s
Qatari money for Deutsche rights issue, Credit Suisse close to tax avoidance plea and new standards council for UK banks
Patrick Jenkins is joined by Daniel Schäfer, investment banking correspondent, for news of Deutsche Bank, whose new €8bn rights issue is set to include €1.75bn from the Qatari royal family in a move that goes against co-CEO Anshu Jain's stated aim of steering clear of outside capital. Martin Arnold, banking editor, joins Daniel to discuss Credit Suisse, which is facing both monetary and criminal punishments over charges that it facilitated US tax avoidance. Senior Swiss politicians have also weighed in, calling for the resignation of CEO Brady Dougan and Chairman Urs Rohner. Finally, Sharlene Goff, retail banking correspondent, reports on Sir Richard Lambert's recommendation of a new standards council to monitor UK banks' behaviour, including their relationships with SMEs and handling of whistleblowers Hosted on Acast. See acast.com/privacy for more information.
19/05/14•1m 5s
Barclays investigated over Qatari cash call, StanChart protest vote and Basel Committee on interest rate risks
Martin Arnold is joined by Daniel Schäfer for the latest at Barclays, which has shifted £400bn of assets out of its investment arm, and has come under scrutiny from the UK Serious Fraud Office over a 2008 cash call that saw Qatari investors paid fees equivalent to more than 7 per cent of the capital invested. Sharlene Goff takes a look at Standard Chartered, whose protest vote last week over pay proposals was the biggest of its kind this year. Finally, Sam Fleming has news that banks are bracing for a new fight over capital requirements as the Basel Committee moves to tighten regulations on risks linked to interest rate shocks Hosted on Acast. See acast.com/privacy for more information.
12/05/14•11m 17s
The vexed topic of pay, Deutsche Bank’s capital shortfall and more bad news for the Co-op
This week, Patrick Jenkins and the banking team discuss the vexed issue of pay at RBS and Barclays, as RBS has its bonuses blocked at twice the level of salary by George Osborne, and Barclays gets criticised by angry shareholders at a recent AGM. Daniel Schäfer, investment banking correspondent, discusses Deutsche Bank’s long-rumoured capital shortfall and predicts how the bank might react in future. Finally, Sharlene Goff, retail banking correspondent looks forward to the release of the first report into what happened at the Co-operative Bank in the years leading up to the exposure of a huge £1.5bn capital hole in the bank’s balance sheet. Hosted on Acast. See acast.com/privacy for more information.
27/04/14•14m 25s
The vexed topic of pay, Deutsche Bank’s capital shortfall and more bad news for the Co-op
This week, Patrick Jenkins and the banking team discuss the vexed issue of pay at RBS and Barclays, as RBS has its bonuses blocked at twice the level of salary by George Osborne, and Barclays gets criticised by angry shareholders at a recent AGM. Daniel Schäfer, investment banking correspondent, discusses Deutsche Bank’s long-rumoured capital shortfall and predicts how the bank might react in future. Finally, Sharlene Goff, retail banking correspondent looks forward to the release of the first report into what happened at the Co-operative Bank in the years leading up to the exposure of a huge £1.5bn capital hole in the bank’s balance sheet. Hosted on Acast. See acast.com/privacy for more information.
27/04/14•14m 25s
Facebook looks at financial services, bankers dodge bonus cap and Co-op Bank faces new crises
Martin Arnold is joined by Sally Davies, technology reporter, to discuss Facebook's interest in financial services, as the social media giant outlines plans to provide remittances and electronic money. Daniel Schäfer explores the different ways in which banks are getting around new bonus cap regulations, and Sharlene Goff has the latest on the Co-operative Bank, where a shortage of funds at the Co-op Group may trigger a number of clauses agreed between the two Hosted on Acast. See acast.com/privacy for more information.
13/04/14•16m 27s
BlackRock plan for Larry Fink's departure, asset managers under scrutiny and Q1 results for the big banks
Martin Arnold is joined from Hong Kong by Henny Sender, chief international finance correspondent, for an inside look at BlackRock, where plans for Larry Fink's succession are picking up speed. Sam Fleming has news that the Financial Stability Board is considering putting asset managers under closer scrutiny, treating them as Global Systemically Important Financial Institutions, a classification currently reserved for big banks and insurers. Finally, Dan Schäfer looks ahead to Q1 results for the big US and European banks, with JPMorgan among several big names expected to see falls in fixed income trading revenues Hosted on Acast. See acast.com/privacy for more information.
07/04/14•1m 5s
US stress test results are in, FCA steps up scrutiny in new business plan, and major staff changes at UK state-owned banks
Patrick Jenkins is joined by Martin Arnold for the fallout from US stress tests, where CitiGroup failed qualitative elements of the tests, putting CEO Michael Corbat under increased pressure. Six foreign-owned US banks also failed some elements, including Santander, HSBC and RBS. Sam Fleming has news of the Financial Conduct Authority, which has come in for criticism after comments about life insurers saw shares for some firms fall 20 per cent before a hasty clarification settled the markets. Simon Gleeson, a partner at Clifford Chance, joins on the line to add his thoughts on an increasingly hands-on FCA. Finally, Sam and Martin weigh in on personnel movements at UK state-owned banks, with Lloyds chairman Sir Win Bischoff stepping down and Ewen Stevenson taking over as finance chief at RBS Hosted on Acast. See acast.com/privacy for more information.
31/03/14•21m 0s
US stress test results are in, FCA steps up scrutiny in new business plan, and major staff changes at UK state-owned banks
Patrick Jenkins is joined by Martin Arnold for the fallout from US stress tests, where CitiGroup failed qualitative elements of the tests, putting CEO Michael Corbat under increased pressure. Six foreign-owned US banks also failed some elements, including Santander, HSBC and RBS. Sam Fleming has news of the Financial Conduct Authority, which has come in for criticism after comments about life insurers saw shares for some firms fall 20 per cent before a hasty clarification settled the markets. Simon Gleeson, a partner at Clifford Chance, joins on the line to add his thoughts on an increasingly hands-on FCA. Finally, Sam and Martin weigh in on personnel movements at UK state-owned banks, with Lloyds chairman Sir Win Bischoff stepping down and Ewen Stevenson taking over as finance chief at RBS Hosted on Acast. See acast.com/privacy for more information.
31/03/14•1m 5s
Return of the covenant light loan, BNP Paribas boss interviewed, Russian ramifications and more Co-op chaos
Patrick Jenkins is joined by Anne-Sylvaine Chassany, private equity correspondent, for a look at how debt investors are abandoning normal creditor protections and snapping up riskier "cov-lite" loans at a faster rate and in greater proportions than at the peak of the credit bubble. Martin Arnold reports back from his interview with Jean-Laurent Bonnafé, chief executive of BNP Paribas, who sees investment banking going through a deep transition period as a result of regulation, capital requirements and a shit to electronic exchanges. Daniel Schäfer has the latest on rumblings in Russia, where Austrian banks find themselves particularly exposed, and Sharlene Goff has news of the Co-op Bank, which needs to raise another £400m just three months after its rescue Hosted on Acast. See acast.com/privacy for more information.
24/03/14•1m 5s
Russian repatriation, banks hold back forex bonuses, and UniCredit puts Pioneer Investments back on sale
As Russian banks and corporations begin to make alternative plans in anticipation of asset freezes in the US and Europe, Patrick Jenkins is joined by Martin Arnold, Daniel Schäfer, Sharlene Goff and Neil Buckley, east europe editor, to discuss the ripples being caused in the banking world by events in Ukraine. The team also look at the banks suspending bonuses for those under investigation in the forex scandal and at Barclays where senior exec bonuses are set to drop. Finally, they discuss UniCredit’s aim to sell or float its Pioneer Investments arm as conditions in the Italian economy make a sale more likely Hosted on Acast. See acast.com/privacy for more information.
17/03/14•1m 5s
Forex fines, exec pay at the Co-op Bank, and pressure easing on Greece
Patrick Jenkins is joined by Sam Fleming, Daniel Schäfer, Sharlene Goff and Martin Arnold to discuss the latest on the Forex scandal, as estimates of the total amount of fines begin to circulate, ranging from $5-30bn. They also look at executive pay at the Co-op Bank, where shareholders and bondholders are expected to be asked to waive the new EU bonus cap and approve packages worth 200 per cent of salary. Finally, things are looking up for Greece, where the sovereign bond yield has dropped to 7 per cent and domestic banks’ share offerings are being well received Hosted on Acast. See acast.com/privacy for more information.
10/03/14•1m 5s
Rouble rocked, restructuring at RBS, and bonus deferrals
The banking team has the latest on Russia where the central bank hiked interest rates in response to falls in the Rouble and the stock market amid fears of international sanctions against the country. Also on this week's show is un update on restructuring at RBS, where Ross McEwan says he will have to drastically downsize RBS' US investment arm in order to duck below the $50bn assets threshold that would see the bank subject to new regulations. Finally, bankers' bonuses are back on the agenda as evidence mounts that Parliamentary recommendations on bonus deferral terms are not being met. Patrick Jenkins is joined by Martin Arnold, banking editor, Sam Fleming and Daniel Schäfer Hosted on Acast. See acast.com/privacy for more information.
03/03/14•15m 34s
Two UK banks' diverging fortunes, the latest EU-Greece banking spat, and US holding company requirements for foreign banks
The banking team discusses the varying fortunes of HSBC and RBS, the latest spat between the EU and Greece over the treatment of the Greek banking system, and Deutsche Bank reveals some details about how it will cope with the new obligation for foreign banks operating in the United States to have a US holding companies. Patrick Jenkins is joined by Martin Arnold,banking editor; Sam Fleming, financial policy correspondent; Daniel Schäfer, investment banking correspondent, and Peter Spiegel, Brussels bureau chief. Hosted on Acast. See acast.com/privacy for more information.
24/02/14•1m 5s
Double standards at Barclays, Forex furore, and Lloyds cry foul at ringfencing
Martin Arnold, banking editor, is joined by Sharlene Goff to dissect diverging fortunes of Barclays and its staff, where pay has far oustripped performance. Daniel Schäfer has new insight into the methods used by traders at banks embroiled in the Forex scandal, and Sam Fleming explains why Lloyds is hot under the collar over proposed ringfencing measures Hosted on Acast. See acast.com/privacy for more information.
17/02/14•1m 5s
Barclays breach, warning for weak banks, and China's squeeze goes overseas
Sharlene Goff has the latest on leaks and breaches at Barclays, as the bank loses 27,000 customers' data, and 2013 profits emerge a day early. Sam Fleming reports that Daniele Nouy, the new head of the Single Supervisory Mechanism, will let weak Eurozone banks die, and Patrick Jenkins is joined over the phone by Simon Rabinovitch, Shanghai correspondent, for news that the Chinese Development Bank is squeezing some of its foreign clients as domestic monetary conditions tighten Hosted on Acast. See acast.com/privacy for more information.
10/02/14•1m 5s
European stress tests, inside track on Liikanen, plus BoA and Lloyds payouts
The banking team is joined by former Liikanen committee member Marco Mazzucchelli to discuss the latest on structural reform to European banks, and Sam Fleming explains the scenarios set out by the European Banking Authority for its upcoming stress tests. Daniel Schäfer has news of Bank of America's $8.5bn payout over mortgage mis-selling, and Martin Arnold sheds light on Lloyds' profit warnings and dividend problem Hosted on Acast. See acast.com/privacy for more information.
03/02/14•1m 5s
Davos dissected, bonds as bonuses, Lloyds IT failings, and what next for Carney's forward guidance?
The banking team dissects Davos, including Mark Carney's about turn on forward guidance, discusses Credit Suisse's move to offer a wipeout bond as a bonus, and questions British banks' IT systems as Lloyds falls victim to the latest failure Hosted on Acast. See acast.com/privacy for more information.
27/01/14•1m 5s
Deutsche profit warning, Labour vs the banks, and Davos previewed
Patrick Jenkins, financial editor, is joined by Daniel Schäfer for news of the challenges facing Deutsche Bank in 2014, where weak fixed income trading and high litigation costs have brought about a substantial profit warning. Sharlene Goff outlines Ed Miliband's aggressive plans to break up the big four UK retail banks, and Martin Arnold, the new banking editor, looks ahead to Davos where banking heavyweights will be hoping for a scandal-free 2014 and time to focus on growth Hosted on Acast. See acast.com/privacy for more information.
20/01/14•1m 5s
Basel III concessions, turmoil at Standard Chartered and US bank results
Patrick Jenkins is joined by Sam Fleming for news that banks have won concessions on Basel III debt rules. Sharlene Goff makes sense of the departures at Stan Chart as share prices falter, and Daniel Schäfer looks at the US banks suffering reduced profits as fines hit the results of JPMorgan and BoA. Hosted on Acast. See acast.com/privacy for more information.
13/01/14•1m 5s
Europe eases pressure on bank splits, bonus cap comes into force, EBA to stress test banks
In the first podcast of 2014 the banking team looks ahead to the introduction of the new bonus cap, continued fallout from scandals and new regulatory measures on either side of the Atlantic. Patrick Jenkins is joined by Alex Barker, EU correspondent, for the latest draft proposal on risky trading and bank splits. Sharlene Goff discusses European Banking Authority stress testing, the bonus cap and the ongoing forex manipulation, misselling and interest rate swap scandals. Hosted on Acast. See acast.com/privacy for more information.
06/01/14•1m 5s
Volcker Rule impacts, fines for RBS and Lloyds, and Ireland's bailout exit
Patrick Jenkins is joined by Daniel Schafer and Sam Fleming to discuss how the Volcker Rule could impact upon banks either side of the Atlantic. Sharlene Goff has news of the latest fines for part-nationalised banks RBS and Lloyds, and looks at how Ireland's exit from European bailout status could affect the Bank of Ireland and Allied Irish. Hosted on Acast. See acast.com/privacy for more information.
16/12/13•11m 29s
HSBC considers spinning off its UK business, JPMorgan and Citigroup fined over Yen Libor and Bob Diamond pops up in Africa
In this week’s podcast, the banking team discuss HSBC sounding out investors over the idea of floating its UK operations. They take a look at the latest on the rate fixing scandal, as JPMorgan and Citigroup are fined for their involvement in the manipulation of Yen Libor. Finally, Javier Blas, Africa editor, joins from Johannesburg to outline Bob Diamond’s bid to enter the African banking sector, as he and Ugandan entrepreneur Ashish Thakkar seek investors for their planned $250m cash shell Hosted on Acast. See acast.com/privacy for more information.
09/12/13•9m 27s
Funding for Lending, new chair at Lloyds and bankers' bonuses
Sharlene Goff is joined by Sam Fleming to dissect the latest figures on the Funding for Lending scheme, where cumulative net lending has risen to £3.6bn. Daniel Schäfer has details of Lord Blackwell's appointment as chairman of Lloyds, plus full year 2012 bank bonus figures, including news that the largest nine investment banks are on track to reduce pay by 5% this year despite a second successive year of profit growth Hosted on Acast. See acast.com/privacy for more information.
02/12/13•1m 5s
RBS and SMEs, negative interest rates and JPMorgan at Buckingham Palace
Patrick Jenkins is joined by Sharlene Goff to discuss RBS' attitudes towards small businesses, including allegations that the bank has run SMEs into the ground for its own gain. Financial regulation correspondent Sam Fleming looks at the Fed's stance on negative interest rates and what this could mean for commercial banks' portfolios, and Daniel Schafer unpicks the curious case of the JPMorgan dinner at Buckingham Palace. Hosted on Acast. See acast.com/privacy for more information.
25/11/13•12m 29s
RBS and SMEs, negative interest rates and JPMorgan at Buckingham Palace
Patrick Jenkins is joined by Sharlene Goff to discuss RBS' attitudes towards small businesses, including allegations that the bank has run SMEs into the ground for its own gain. Financial regulation correspondent Sam Fleming looks at the Fed's stance on negative interest rates and what this could mean for commercial banks' portfolios, and Daniel Schafer unpicks the curious case of the JPMorgan dinner at Buckingham Palace. Hosted on Acast. See acast.com/privacy for more information.
25/11/13•1m 5s
European Banking Authority chair interview, former Co-op Bank chair in drugs admission and Rothschild to open London merchant bank
Patrick Jenkins is joined by Sam Fleming to discuss comments from Andrea Enria, chair of the European Banking Authority, on the region's banking sector. Sharlene Goff has the remarkable story of the former Co-op bank chair caught allegedly buying drugs just days after appearing before the Treasury select committee and Daniel Schäfer has news of Edmond de Rothschild's move to set up a merchant banking business in London Hosted on Acast. See acast.com/privacy for more information.
18/11/13•1m 5s
European Banking Authority chair interview, former Co-op Bank chair in drugs admission and Rothschild to open London merchant bank
Patrick Jenkins is joined by Sam Fleming to discuss comments from Andrea Enria, chair of the European Banking Authority, on the region's banking sector. Sharlene Goff has the remarkable story of the former Co-op bank chair caught allegedly buying drugs just days after appearing before the Treasury select committee and Daniel Schäfer has news of Edmond de Rothschild's move to set up a merchant banking business in London Hosted on Acast. See acast.com/privacy for more information.
18/11/13•11m 30s
Banking Weekly: RBS, strong results for French banks and the latest on the Forex and Euribor scandals
This week Patrick Jenkins is joined by Sharlene Goff to discuss the latest on the Royal Bank of Scotland, from residential mortgage-backed securities mis-selling to personnel changes and rebranding as restructuring continues. Daniel Schäfer has news of strong results at Crédit Agricole and Société Générale and updates on the Euribor, Yen Libor and Forex manipulation scandals, including a possible US probe into the metals market. Hosted on Acast. See acast.com/privacy for more information.
11/11/13•1m 5s
Forex manipulation, Swiss banks must boost leverage ratios and Co-op to shrink banking arm
Patrick Jenkins is joined by Daniel Schäfer to discuss the growing number of banks suspending staff over alleged foreign exchange manipulation and demands from the Swiss Finance Minister that Swiss banks increase their leverage ratios. The banking team also takes a look at two very different examples of restructuring, as Sharlene Goff explains the latest on the respective approaches at the Co-op and RBS Hosted on Acast. See acast.com/privacy for more information.
04/11/13•1m 5s
Banking Weekly: Osborne urged against splitting RBS, Mark Carney's vision for the BoE, and dodging the EU bonus cap
This week, Sharlene Goff is joined by Daniel Schaefer to discuss the case against splitting RBS into a good bank and a bad bank, Sam Fleming unpicks Mark Carney's decision to press ahead with a review of the BoE, and the team sheds light on the range of tactics available to banks seeking to dodge the EU bonus cap. Hosted on Acast. See acast.com/privacy for more information.
28/10/13•1m 5s
JPMorgan and BofA fines, Co-op Bank restructuring and former UBS head arrested
The banking team discusses the penalties handed out to JPMorgan and Bank of America for mortgage mis-selling and analyses the tumultuous restructuring of the Co-operative Bank. Guy Dinsmore joins from Rome to shed light on the arrest in Bologna of a former UBS head for his alleged part in assisting US citizens in tax evasion. Hosted on Acast. See acast.com/privacy for more information.
21/10/13•15m 58s
Lloyds warning on Help to Buy, JPMorgan loss and the Eurozone's 'sovereign bank nexus'
In this week's podcast Sharlene Goff examines Lloyds' warning that the Help to Buy scheme will distort the market and cause a new housing bubble, Daniel Schäfer dissects JPMorgan's first quarterly loss under Jamie Dimon and Patrick Jenkins is joined by Chris Thompson to discuss the alarming rise in European banks' exposure to their domestic government bonds and the questions raised by the closeness of this relationship. Hosted on Acast. See acast.com/privacy for more information.
13/10/13•14m 18s
Help to buy, US hedge funds investing in Greece and French banks’ recovery
This week Patrick Jenkins and Sharlene Goff are joined by Tanya Powley, personal finance correspondent to discuss help to buy, the latest phase of which begins this week - will this be a boon for first time buyers or will it cause house prices to rise? Hedge fund correspondent Sam Jones joins to discuss John Paulson’s confirmation that his hedge fund has invested in Greek banks and Michael Stothard, Paris correspondent, talks about renewed signs of growth in the French banking sector Hosted on Acast. See acast.com/privacy for more information.
06/10/13•12m 26s
US CDOs sales, Intesa’s CEO quits and the Barclays rights issue
The banking team, rejoined by companies editor Brooke Masters, discusses the booming US CDO market and the questions it raises for regulators. Patrick Jenkins asks whether the number of banks involved in the Barclays rights issue is a sign of a new age of reciprocity. And Rachel Sanderson, Milan correspondent, explains the change of leadership at the top of Italy’s largest retail bank Intesa. Hosted on Acast. See acast.com/privacy for more information.
01/10/13•9m 51s
Fallout from no taper, poor Q3 results from investment banks and US money markets' renewed interest in French banks
The banking team discusses the latest evidence of poor third-quarter results from investment banks. Sam Jones, hedge fund correspondent, joins the podcast to look at the Fed’s startling decision not to scale back on QE and whether investors should take central banks’ guidance with a pinch of salt. Michael Stothard, Paris correspondent, examines US money markets’ renewed interest in French banks. Hosted on Acast. See acast.com/privacy for more information.
23/09/13•1m 5s
Reactions to Summers' Fed withdrawal, Danske bank changes chiefs, Barclays' rights issue, and the Lloyds' sell-off
The banking team, joined by Ralph Atkins, capital markets editor, discuss the markets' reaction to Larry Summers' decision to withdraw from the race for the Fed chairmanship. Richard Milne, Nordic correspondent, discusses the change at the top of Danske Bank. Plus Barclays' rights issue and the start of the government sell-off of Lloyds. Hosted on Acast. See acast.com/privacy for more information.
16/09/13•1m 5s
Vickers’ call to double capital levels, Credit Suisse's Dougan interviewed, and TSB sell-off plans
The banking team looks at Sir John Vickers' call to double the amount of capital he believes lenders should be required to hold; a preview of a rare interview with Credit Suisse chief executive Brady Dougan, and the efforts of the Lloyds Banking Group to hive off its TSB unit as a separate entity. Hosted on Acast. See acast.com/privacy for more information.
09/09/13•1m 5s
JPMorgan’s woes, executive tragedy at Zurich and a loss for the Co-op
The banking team return from their summer break to examine the regulatory problems at JPMorgan, as US authorities demand the bank pay more than $6bn to settle allegations of mis-selling and a probe is launched into its hiring practices in Asia. James Shotter joins from Switzerland to discuss what is going on at Zurich Insurance, as the company launches a probe into the death of its former finance chief, and the team look at the Co-operative Bank, who last week announced a massive pre-tax loss, ratcheting up pressure on its bondholders to back a proposed debt restructuring plan Hosted on Acast. See acast.com/privacy for more information.
01/09/13•1m 14s
Banks rattled by peer-to-peer model?
This week the banking team discuss Santander UK’s interest in breaking into the rapidly growing peer-to-peer market, Deutsche Bank’s plans to shrink its vast balance sheet in order to comply with stricter rules for financial soundness, and the Abu Dhabi sheikh who prevented Barclays from seeking state aid at the height of the financial crisis, selling his stake in the bank Hosted on Acast. See acast.com/privacy for more information.
21/07/13•1m 14s
A test for Goldman
This week sees Goldman Sachs’ former employee Fabrice Tourre in court over an alleged derivatives mis-selling scandal and the publication of the bank’s second quarter results. Will either of these events spoil the bank’s attempts to burnish its image? Also discussed are the recent cash crunch in China and its aftermath, and Nationwide’s plan to meet the new 3 per cent leverage ratio by 2015. Hosted on Acast. See acast.com/privacy for more information.
14/07/13•13m 39s
A new governor at the Bank of England
Mark Carney began his new role at the helm of the Bank of England last week. In this week’s podcast, Patrick Jenkins, banking editor, is joined by Chris Giles, economics editor and Brooke Masters, chief regulation correspondent, to review Mr Carney’s first few days in the job, and what his top priorities will be as governor. Also discussed is the Basel Committee on Banking Supervision’s latest blow to the credibility of the main measure of bank safety, core tier one capital ratios, and Tobias Buck, Madrid bureau chief, joins to examine why Spanish banks are preparing for Basel III by attempting to get deferred tax assets changed into tax credits Hosted on Acast. See acast.com/privacy for more information.
07/07/13•14m 41s
The Co-op restructuring plan, Osborne's Mansion House speech, and Deutsche Bank's capitalisation
The banking team discusses the plan to rescue the Co-operative Bank, preview George Osborne’s Mansion House speech, which is likely to include clues about the government’s plans for Lloyds and RBS, and consider the view of a US regulator who described Deutsche Bank’s capitalisation is “horrible”. Hosted on Acast. See acast.com/privacy for more information.
17/06/13•10m 59s
Dimon defends dual role
This week the banking team discuss JPMorgan’s annual meeting, where chief executive and chairman Jamie Dimon won a clear victory over shareholder activists looking to strip him of one of his roles. They also look at pay in Europe in light of recent tweaks to EU bonus caps, and Qatar snapping up stakes in key lenders Hosted on Acast. See acast.com/privacy for more information.
20/05/13•11m 12s
A replacement for Libor
This week the banking team discuss the replacement of the scandal-plagued libor benchmark rate, which could happen as early as next year. Camilla Hall reports from Dubai to discuss banking in the Middle East and the US criminal probe into whether Barclays made improper payments in Saudi Arabia. Finally, the team discuss the financial wellbeing of the Co-op Bank as Moody’s downgrades its credit rating to “junk” Hosted on Acast. See acast.com/privacy for more information.
12/05/13•16m 52s
Bank regulation disputes and resignations at Santander and UKFI
This week, the banking team discuss recent transatlantic spats over bank regulation, as Michel Barnier, the EU commissioner in charge of financial services warns the US on bank 'protectionism'. Miles Johnson, Madrid correspondent looks at the reasons behind Santander chief executive Alfredo Sáenz's resignation, and the team discuss the UK government's reprivatisation agenda for RBS and Lloyds as Jim O'Neil, the UK Financial Investments chief executive and the man appointed to oversee this element of the financial recovery steps down. Hosted on Acast. See acast.com/privacy for more information.
28/04/13•15m 27s
The end of an era at Barclays
This week the banking team discuss the departure of the last two senior executives from the Bob Diamond era at Barclays, as Rich Ricci, head of investment banking and Tom Kalaris, head of wealth management, announce plans to retire. They also review the recent US bank results, and look at Chancellor George Osborne’s plans to expand the Funding for Lending Scheme Hosted on Acast. See acast.com/privacy for more information.
21/04/13•14m 14s
HBOS fallout, the widening rate-rigging scandal and Post Office current accounts
This week the banking team examine the fallout from the Parliamentary Commission on Banking Standards’ report into HBOS, as former chief executive Sir James Crosby asks for his knighthood to be revoked. They also take a look at the latest developments in the Libor-related rate-rigging scandal as the probe expands around the world, and are joined by Elaine Moore, deputy editor of FT Money to talk about the Post Office announcing plans to offer current accounts in all its branches by 2014 Hosted on Acast. See acast.com/privacy for more information.
14/04/13•13m 13s
HBOS and Barclays in the spotlight
This week the banking team discuss two long-awaited reports published last week: the damning report on HBOS by the Parliamentary Commission on Banking Standards, which accused former executives of presiding over a “colossal failure”, and the Salz review of the culture and values at Barclays. They also look ahead to US bank results which start this week, and what they could mean for the industry Hosted on Acast. See acast.com/privacy for more information.
07/04/13•11m 29s
Bailout deal reached for Cyprus
Joshua Chaffin, EU correspondent, joins the podcast from the Cypriot capital Nicosia to discuss the bailout deal that was reached in the early hours of Monday morning, and the mood on the ground in the country. Also up for discussion are the narrowing gap between bankers' pay and that of other professional occupations, and the latest tweak to Basel III reforms of the banking sector Hosted on Acast. See acast.com/privacy for more information.
25/03/13•13m 27s
Cyprus bailout, the Fed’s stress tests and pay at UBS
Peter Spiegel, Brussels bureau chief, joins the podcast to discuss the potential fallout from the bailout in Cyprus, which sees bank deposits tapped for the first time. Also under discussion are the results of the second leg of US stress tests, as the Fed orders JPMorgan and Goldman Sachs to improve their capital planning, and the latest debate about executive pay at UBS following the revelation that the bank paid nearly $27m to hire Andrea Orcel from Bank of America to head its investment bank and is paying its chief executive more than $9m. Hosted on Acast. See acast.com/privacy for more information.
18/03/13•13m 5s
The UK's banking commission, pay at Barclays and RBS and US stress tests
George Parker, political editor, joins FT banking correspondents to discuss the UK parliament's banking standards commission, which wants tougher legislation for the industry; pay at the top of Barclays and RBS; and stress tests in the US, which highlighted weaknesses at Goldman Sachs Hosted on Acast. See acast.com/privacy for more information.
11/03/13•15m 50s
Results at HSBC, RBS and Lloyds, and EU bonus-cap fallout
FT banking correspondents discuss the latest round of bank results, with HSBC lifting its dividend by half in the fourth quarter and RBS and Lloyds moving somewhat closer to reprivatisation, as well as looking at the impact of the EU’s move to cap bonuses at banks. Hosted on Acast. See acast.com/privacy for more information.
04/03/13•11m 44s
RBS, calculations of risk-weighted assets and threats to the bulge bracket
The FT's banking correspondents look at RBS' plans for a partial float of its US business, Lloyds' plans to defer its chief's bonus until 2018, big investment banks losing market share and a regulatory push to limit banks' scope for discretion in calculating risk-weighted assets Hosted on Acast. See acast.com/privacy for more information.
25/02/13•16m 33s
Barclays, bank stocks and bonuses
This week the banking team is joined by David Oakley, investment correspondent, to discuss Barclays’ recent restructuring plans and whether bank stocks can outperform all others in the coming decade. The team also looks at the possibility that the European Parliament could put a cap on bankers’ bonuses, as talks on EU banking reforms enter a potentially decisive week Hosted on Acast. See acast.com/privacy for more information.
19/02/13•12m 51s
UK small banks round on regulations
This week the banking team look at small UK banks' claim that a "glass ceiling" hands larger competitors an advantage. Also up for discussion are RBS' Libor settlement, Barclays' cost-cutting strategy plan and the latest European bank results Hosted on Acast. See acast.com/privacy for more information.
11/02/13•13m 50s
Osborne's reform of banking
This week: chancellor George Osborne's warning that banks face break-up if they do not comply with rules designed to make the banking system safer, Barclays' woes as senior management figures step down and UK authorities probe the bank's Qatar connections, and risk weighted assets and the differences between the models global banks use to calculate how much capital to hold. Hosted on Acast. See acast.com/privacy for more information.
04/02/13•25m 6s
Barclays’ Libor fight, 'living wills' and LTRO repayments
In this week’s podcast FT banking correspondents discuss the naming of some former Barclays chiefs in a Libor court case, the lack of regulatory co-ordination on 'living wills' and repayments by European banks of cheap ECB funding Hosted on Acast. See acast.com/privacy for more information.
28/01/13•25m 31s
Wall Street results, PPI claims and property lending
FT banking correspondents discuss Wall Street banks’ latest results, British lenders’ calling for a deadline for claims over the misselling of Payment Protection Insurance and the effects of a change in capital rules will have on lending to the property industry. Hosted on Acast. See acast.com/privacy for more information.
21/01/13•11m 31s
Taxman set to lose as Goldman considers delaying UK bonuses
In this week’s podcast the banking team discuss the possibility that Goldman Sachs might delay paying its UK bonuses until the start of the new tax year, when the top rate of income tax drops from 50 to 45 per cent. They also look at RBS considering recouping half of its imminent libor fine from its 2012 bonus pool, and UBS chiefs giving evidence to the Parliamentary Commission on Banking Standards Hosted on Acast. See acast.com/privacy for more information.
14/01/13•1m 5s
Easing of Basel rules boosts banks
Why the loosening of the new global liquidity standards has given a lift to European banks, private equity firms take a bet of UK retail banks, and what should be the role of banks in classroom-based financial education? Hosted on Acast. See acast.com/privacy for more information.
07/01/13•1m 5s
US banks call for an easing of Basel III liquidity requirements
This week Brooke Masters is joined by US banking editor Tom Braithwaite, James Shotter, Switzerland and Austria correspondent, and insurance correspondent Alistair Gray to talk about the call by US banks for an easing of the Basel III liquidity requirements as the Federal Reserve starts a new round of stress tests. Also discussed are recent developments in the Libor scandal and whether insurance companies should face the same kinds of regulation as giant banks and be designated as global systemically important financial institutions or GSifis Hosted on Acast. See acast.com/privacy for more information.
17/12/12•12m 30s
The scramble for settlements
After Standard Chartered's announcement that it will pay an additional $330m to resolve investigations into US sanction breaches and a deal expected from UBS in the next few weeks over the Libor scandal, the banking team asks why lenders are rushing to reach settlements with regulators. They also discuss the consequences for Deutsche Bank after it emerged that three former employees told regulatory authorities that the bank hid up to $12bn of paper losses during the financial crisis. Hosted on Acast. See acast.com/privacy for more information.
10/12/12•1m 5s
A new governor for the Bank of England
The announcement that Mark Carney will take over as the governor of the Bank of England next year came as a surprise to many. But what does the market think of his appointment and will he change his executive team? Also discussed are the latest developments in the libor scandal as Deutsche Bank provisions for a potential settlement, and concerns from the Bank of Tokyo-Mitsubishi’s chief executive over the state of Japanese government bond investments Hosted on Acast. See acast.com/privacy for more information.
03/12/12•1m 5s
A new governor for the Bank of England
The announcement that Mark Carney will take over as the governor of the Bank of England next year came as a surprise to many. But what does the market think of his appointment and will he change his executive team? Also discussed are the latest developments in the libor scandal as Deutsche Bank provisions for a potential settlement, and concerns from the Bank of Tokyo-Mitsubishi’s chief executive over the state of Japanese government bond investments Hosted on Acast. See acast.com/privacy for more information.
03/12/12•13m 40s
Suitors for RBS
It's good news for RBS as private equity groups including AnaCap Financial and JC Flowers join Virgin Money and Nationwide in expressing interest in the lender's 316 branches, following the collapse of a deal with Santander in October. The banking team also discuss whether Barclays will follow the lead of UBS in winding down its global investment operations, following pressure from the bank's biggest investors. Hosted on Acast. See acast.com/privacy for more information.
26/11/12•1m 5s
Clawing back bonuses
As scandal after scandal hits lenders, the banking team talk about the Financial Services Authority's warning to banks operating in London that they must reduce bonus payouts. Also under discussion are proposals by the Financial Stability Board to tackle shadow banking, an industry worth half the size of the global banking sector. Hosted on Acast. See acast.com/privacy for more information.
19/11/12•1m 5s
Scandals continue to plague banks
As Goldman Sachs joins a plethora of lenders including HSBC and Barclays that face renewed scrutiny over rule breaches, the banking team talk about the impact of legacy issues on banks. Also under discussion are radical proposals by Hermes to scrape annual bonuses and Commerzbank’s decision to repay €10bn of ECB loans early. Hosted on Acast. See acast.com/privacy for more information.
12/11/12•1m 5s
When will PPI pain end?
This week the team discuss payment protection insurance as the bill for mis-selling the product tops £11bn for UK banks. Also under discussion are Sifi surcharges, the amount of extra capital that certain banks need to hold, after the Financial Stability Board published an updated list of "global systemically important financial institutions", and whether being on the list could be a good thing for lenders. Hosted on Acast. See acast.com/privacy for more information.
05/11/12•12m 21s
When will PPI pain end?
This week the team discuss payment protection insurance as the bill for mis-selling the product tops £11bn for UK banks. Also under discussion are Sifi surcharges, the amount of extra capital that certain banks need to hold, after the Financial Stability Board published an updated list of "global systemically important financial institutions", and whether being on the list could be a good thing for lenders. Hosted on Acast. See acast.com/privacy for more information.
05/11/12•12m 21s
Will UBS's restructuring plans work?
This week the banking team discuss UBS's move to split its investment unit and whether other banks will take similar decisive action as they come under regulatory and cost-saving pressures. Also under discussion is Lloyds' scheme to scrap incentives linked to product sales, as UK lenders face renewed scrutiny following mis-selling scandals. Hosted on Acast. See acast.com/privacy for more information.
29/10/12•1m 5s
What now for Citigroup?
Following Vikram Pandit’s surprise resignation from Citigroup, the banking team analyses events leading up to the chief executive’s departure and whether his replacement, Mike Corbat, is what the troubled group needs. Also under discussion are plans by Lloyds to reform its remuneration structure by ditching annual bonuses, as the bank attempts to appease the government, shareholders and the public. Hosted on Acast. See acast.com/privacy for more information.
21/10/12•14m 23s
Will third-quarter results be a blessing for US banks?
This week the banking team ask whether strong third-quarter results from JP Morgan and Wells Fargo bode well for other US banks and the implications of the FSA's decision to loosen capital and liquidity rules for lenders. Alistair Gray, insurance correspondent, and Sharlene Goff, retail banking correspondent, also discuss RBS' future after its deal to sell more than 300 branches to Santander collapsed. Hosted on Acast. See acast.com/privacy for more information.
14/10/12•12m 13s
UK banks retreat from interest-only mortgages
This week the team is joined by Elaine Moore, deputy personal finance editor, to discuss Nationwide Building Society’s decision to stop offering interest-only mortgages to new borrowers. Also, what is the significance of plans by James Gorman, Morgan Stanley’s chief executive, to sacrifice staff and reduce bonuses, and how has the banking sector reacted to recommendations of the Liikanen report? Hosted on Acast. See acast.com/privacy for more information.
07/10/12•10m 44s
Pressure on Spanish banks
This week the team look at the Spanish banking system, after a recent report into the country’s 14 largest lenders found they could need up to €60bn in new capital. But are recent stress-tests enough to restore confidence? They also discuss JPMorgan’s recent deal that saw it snap up three quarters of the first European commercial mortgage bond launched since the financial crisis and regulatory pressures on the banking sector Hosted on Acast. See acast.com/privacy for more information.
30/09/12•12m 54s
SocGen focuses on Russia and Romania
This week the Banking team are joined by Paris correspondent Scheherazade Daneshkhu to discuss Société Générale's plans to boost profits in Russia and Romania by the end of next year. They also look at Standard Chartered's signing of a $340m settlement to resolve allegations it violated US sanctions on Iran and they debate what the future holds for London, as strict enforcement of new EU regulation begins to push debt deals away from the City. Hosted on Acast. See acast.com/privacy for more information.
23/09/12•12m 24s
China Construction Bank targets Europe
As Chinese businesses do more deals in Europe, its big banks are starting to look at potential acquisitions in Europe, why former HBOS banker Peter Cummings was singled out personally by the regulator and the trial of the former UBS’s trader Kweku Adoboli accused of causing the largest unauthorised trading loss in British history gets underway. Hosted on Acast. See acast.com/privacy for more information.
16/09/12•13m 22s
Restructuring banks, Libor and European banking regulation
Is there a new round of job cuts looming at Europe’s banks? The FT’s banking team also looks at the latest in the Libor rate fixing scandal and with a month to go until the Liikanen review is due to be completed whether a consensus is emerging that Europe’s big banks could be forced to ringfence trading assets. Hosted on Acast. See acast.com/privacy for more information.
09/09/12•14m 33s
A new CEO for Barclays
This week the banking team discuss the swift appointment of internal candidate Antony Jenkins as the new chief executive of Barclays. Alistair Gray, insurance correspondent joins to talk about RBS floating Direct Line and the team look into the possibility that banking liquidity rules could be softened. Hosted on Acast. See acast.com/privacy for more information.
02/09/12•15m 50s
What next for Standard Chartered?
This week the banking team analyse Standard Chartered's decision to pay a settlement of $340m to a New York regulator related to its handling of payments to Iran. But with other regulators still circling, will the bank face further fines? They also discuss HSBC's dealings with Iran and Syria and the latest on the Libor scandal Hosted on Acast. See acast.com/privacy for more information.
19/08/12•15m 40s
StanChart pushes for a settlement
This week the banking team is joined by Anousha Sakoui, the FT’s M&A correspondent, to discuss the latest developments in the Standard Chartered scandal, as the bank pushes for a settlement against allegations from US regulators that it breached Iranian sanctions. Also under consideration are Julius Baer’s proposed purchase of Merrill Lynch’s overseas wealth management arm and the challenges facing Sir David Walker in his new role as Barclays chairman Hosted on Acast. See acast.com/privacy for more information.
13/08/12•1m 5s
Standard Chartered storm
This week the banking team discusses the Standard Chartered scandal as New York state’s financial watchdog accuses the bank of hiding $250bn of transactions with Iran. Also under the spotlight are RBS’s latest results and the debate over whether the bank should be fully nationalised, plus refunds of mis-sold payment protection insurance boosting Britain’s stuttering economy Hosted on Acast. See acast.com/privacy for more information.
06/08/12•1m 5s
Difficult times ahead for European banks?
This week Patrick Jenkins is joined by Sharlene Goff and James Shotter in Frankfurt to discuss UBS’ profits falling short of expectations, HSBC setting aside $2bn to cover fines and what next for Nomura after its top management were purged Hosted on Acast. See acast.com/privacy for more information.
30/07/12•1m 5s
The libor scandal: rate probe turns to other European banks
This week the team discuss the ongoing libor scandal and its implications for the next governor of the Bank of England, capital raising at Credit Suisse and banking competition in the UK - can smaller banks such as the Co-operative, Metro and M&S draw custom away from their bigger counterparts?Presented by Sharlene Goff, with Brooke Masters, Jennifer Thompson and Vinjeru Mkandawire Hosted on Acast. See acast.com/privacy for more information.
22/07/12•1m 5s
Raising the bar for banks’ capital requirements in Europe
This week the banking team discusses the European Banking Authority’s announcement that the 9 per cent temporary capital ratio required for lenders is to become permanent, HSBC’s probe over money-laundering claims, plus the latest on the Libor scandal - where are we now?Presented by Patrick Jenkins, with Brooke Masters and Sharlene Goff. Hosted on Acast. See acast.com/privacy for more information.
15/07/12•13m 56s
Raising the bar for banks’ capital requirements in Europe
This week the banking team discusses the European Banking Authority’s announcement that the 9 per cent temporary capital ratio required for lenders is to become permanent, HSBC’s probe over money-laundering claims, plus the latest on the Libor scandal - where are we now?Presented by Patrick Jenkins, with Brooke Masters and Sharlene Goff. Hosted on Acast. See acast.com/privacy for more information.
15/07/12•1m 5s
The fallout from the Libor scandal, capping bonuses and Spanish banks
This week, the banking team assess how the Libor scandal led to three key resignations at Barclays – and what happens next, the prospects of the European Union capping banking bonuses, and the look at a crucial week ahead for Spanish banks. Presented by banking editor Patrick Jenkins, with Sharlene Goff, Brooke Masters and Miles Johnson. Hosted on Acast. See acast.com/privacy for more information.
08/07/12•16m 12s
Barclays and the wider Libor scandal
As Barclays is in engulfed by a firestorm of negative publicity following revelations its investment banking arm tried to manipulate Libor, the banking team discuss at whether Bob Diamond can survive as CEO, the prospects of other banks settling with the investigators and whether the trend for investment bankers to rise to the top jobs in global banks is reversing. We also take a look at the latest on Lloyds proposed sale of 630 branches to the Co-op.Presented by banking editor Patrick Jenkins, with Sharlene Goff, Daniel Schaefer and Brooke Masters Hosted on Acast. See acast.com/privacy for more information.
01/07/12•1m 5s
Activist hedge fund puts pressure on Lloyds
This week the banking team discuss The Children’s Investment Fund’s request for a £10bn Lloyds ‘coco’ conversion, Moody’s downgrade of 15 global banks, the state of the Spanish banking system and the continuing rise of bankers’ payPatrick Jenkins is joined by Sharlene Goff, Daniel Schaefer and Jamie Chisholm in the studio and Victor Mallet down the line from Madrid Hosted on Acast. See acast.com/privacy for more information.
24/06/12•1m 5s
George Osborne's latest plans for UK bank regulation
In this week’s podcast the banking team discuss George Osborne’s latest plans to tweak regulation of the banking industry, the problems facing Credit Suisse and the latest on free banking – should consumers pay a monthly fee for their current accounts? Hosted on Acast. See acast.com/privacy for more information.
17/06/12•1m 5s
The Spanish bailout, RBS and Scottish independence and the issue of dividends versus pay
The banking team discuss the bailout of Spanish banks and are joined by special guest Hamish Patrick of Tods Murray solicitors to talk about RBS and the ramifications of Scottish independence on the bank. They also discuss the issue of dividends and pay and the battle between shareholders and bank staff.Presented by Patrick Jenkins, with Sharlene Goff, Daniel Schäfer, David Oakley and Hamish Patrick. Produced by Katie Carnie Hosted on Acast. See acast.com/privacy for more information.
10/06/12•1m 5s
Bankia’s bailout, free retail banking and cost cutting in investment banks
The wider implications of the bailout of Spain’s second biggest bank, is it the end of the road for free banking in the UK, and are investment banks really cost cutting? Presented by Patrick Jenkins, with Sharlene Goff, Daniel Schäfer and Brooke Masters Hosted on Acast. See acast.com/privacy for more information.
27/05/12•15m 32s
Bank of England's response to the financial crisis in the spotlight
This week the banking team discuss the FSA's ban and fines on ex-UBS advisers, Barclays' plans to sell its entire stake in the US fund manager Blackrock and the shock news that there will be an investigation in to the Bank of England's handling of the 2008 crisis Hosted on Acast. See acast.com/privacy for more information.
20/05/12•12m 21s
How to restore confidence in Spanish banks
This week the banking team is joined by Miles Johnson in Madrid to talk about the impact of the eurozone crisis on Spain and Greece, the specialist treasury operation at JPMorgan that lost $2bn, and Canary Wharf, the 'new' financial centre which is set to overtake the City of London as the biggest banking hub in Europe.Presented by Patrick Jenkins, with Sharlene Goff, Daniel Schäfer and Miles Johnson.Produced by Katie Carnie Hosted on Acast. See acast.com/privacy for more information.
13/05/12•20m 53s
HSBC’s results, Spanish Banks and Wonga’s move into small business lending
This week the FT’s banking team discuss HSBC’s latest results, the potential bail-out of Spanish bank Bankia and its broader implications for the eurozone and Wonga, the online lender who is to move in to small business lendingPresented by Brooke Masters, with Patrick Jenkins, Sharlene Goff and Daniel Schäfer.Produced by Katie Carnie Hosted on Acast. See acast.com/privacy for more information.
07/05/12•18m 51s
How will the money be shared? Investors hit back at the banks
This week the FT's banking team discuss Credit Suisse and Deutsche Bank's results, the groundswell of opposition towards high bankers pay from investors, and Lloyd's attempts to sell 600 of its branches.Presented by Patrick Jenkins, with Sharlene Goff and Daniel Schäfer.Produced by Katie Carnie Hosted on Acast. See acast.com/privacy for more information.
29/04/12•22m 3s
Who will be Governor of the Bank of England?
The banking team discuss the likely candidates to take over from Mervyn King as Governor of the Bank of England, the forthcoming Barclays AGM and the BTG Pactual IPO. They also look at recent US banking results and how they will affect their European peers. Hosted on Acast. See acast.com/privacy for more information.
23/04/12•1m 5s
JPMorgan's results, the problems facing Spanish banks and proposed EU caps on bankers' bonuses
This week the FT's banking team discuss JPMorgan's results and what they mean for other US banks reporting this week, the problems facing Spain and the broader Iberian banking market, and the latest from the EU parliament and its moves to restrict pay and bankers' bonuses.Presented by Patrick Jenkins, with Brooke Masters and Daniel Schäfer. Produced by Katie Carnie. Hosted on Acast. See acast.com/privacy for more information.
15/04/12•1m 5s
Abu Dhabi shows interest in RBS, Angela Knight steps down from the BBA and banks plan to repay the ECB early
The banking team discuss the possibility of Abu Dhabi investing £10bn in RBS. They also talk about Angela Knight's decision to step down as chief executive of the British Bankers' Association and the plans from big banks, including UniCredit, BNP Paribas, Société Générale and La Caixa, to pay back up to a third of the money they borrowed from the ECB. Presented by Brooke Masters, with Sharlene Goff and Daniel SchäferProduced by Amie Tsang Hosted on Acast. See acast.com/privacy for more information.
02/04/12•55s
Andrea Orcel appointed at UBS, investment bank balance sheets to shrink, and Coutts faces fine
The FT banking team discuss the appointment of Andrea Orcel at UBS, the latest predictions of the shrinkage of the investment banking sector, and why Coutts has been fined by the FSA. Hosted on Acast. See acast.com/privacy for more information.
26/03/12•14m 1s
The national loan guarantee scheme, Hector Sants leaving the FSA and a departing shot from a Goldman Sachs banker
This week the banking team discuss the prospect of the UK government's national loan guarantee scheme. They also talk about Hector Sants stepping down from his position as chief executive of the Financial Services Authority and the scathing attack launched by a Goldman Sachs banker on his employer in the New York Times. Presented by Patrick Jenkins, with Sharlene Goff, Brooke Masters and Daniel SchäferProduced by Amie Tsang Hosted on Acast. See acast.com/privacy for more information.
19/03/12•1m 5s
A Greek debt swap, a change in Deutsche Bank's management and Bob Diamond's tax bill
The banking team are joined by special guest Sony Kapoor, manager and director of think-tank Re-Define, to talk about Greece. They also take a look at the change in management at Deutsche Bank and Barclays' payment of Bob Diamond's tax bill.Presented by Patrick Jenkins, with Daniel Schäfer, Sharlene Goff and Sony Kapoor. Produced by Amie Tsang Hosted on Acast. See acast.com/privacy for more information.
12/03/12•17m 31s
Greece, LTROs, "highly abusive" tax schemes and living wills
The banking team discuss the critical week ahead for Greece and wonder if the LTRO has provided a false sense of security. They also take a look at the Barclays tax schemes that the UK government legislated against, and how the world's largest banks are still a long way from completing the "living wills" that spell out how they will be stabilised or shut down. Presented by Patrick Jenkins, with Richard Milne, Brooke Masters and Sharlene Goff. Produced by Amie Tsang Hosted on Acast. See acast.com/privacy for more information.
05/03/12•1m 5s
Results from HSBC and LLoyds, and how negotiations in Greece affect European banks
The banking team discuss HSBC's decision to award its chief executive £5.9m in bonuses and longer-term incentives for 2011. They also review the latest results from UK banks and talk to Richard Milne, capital markets editor, about how the negotiations in Greece have affected European banks. Presented by Patrick Jenkins, with Richard Milne and Sharlene Goff. Produced by Amie Tsang Hosted on Acast. See acast.com/privacy for more information.
27/02/12•15m 0s
Lloyds' decision to take back bonuses in response to the mis-selling of loan insurance, its effect on upcoming results, and the ongoing Libor inquiry
This week the banking team discuss Lloyds Banking Group's retrospective decision to take back a chunk of bonuses previously awarded to senior executives in response to the mis-selling of payment protection insurance. They also talk about how this will affect upcoming results, and discuss the latest developments in the Libor inquiry. Presented by Patrick Jenkins, with Megan Murphy, Sharlene Goff and Brooke Masters. Produced by Amie Tsang Hosted on Acast. See acast.com/privacy for more information.
20/02/12•15m 23s
The Libor investigation and Barclays' bonuses
The FT's Sharlene Goff and Megan Murphy discuss the significance of the multinational regulatory investigation into alleged manipulation of Libor, and how to interpret the changing size of Barclay's bonus pool Hosted on Acast. See acast.com/privacy for more information.
13/02/12•1m 5s
How bonuses will be affected by RBS and upcoming bank earnings, and the European Banking Authority
The banking team take a look at Stephen Hester's decision to waive his bonus and what that might mean for future bonuses. They also discuss upcoming UK and Swiss bank earnings and the EBA reaction to bank capital models. Presented by Megan Murphy, with Sharlene Goff. Produced by Amie Tsang Hosted on Acast. See acast.com/privacy for more information.
06/02/12•1m 4s
Stephen Hester's bonus, the World Economic Forum and worldwide financial regulation
This week the banking team are joined by special guest, Patricia Jackson, partner and head of financial regulatory advice at Ernst & Young, to talk about Stephen Hester's decision to give up his bonus. They also discuss Mario Draghi being praised at the World Economic Forum in Davos, for making the ECB LTRO available, and how financial regulation might stymie the real economy. Presented by Patrick Jenkins, with Patricia Jackson, Brooke Masters and Sharlene Goff. Produced by Amie Tsang Hosted on Acast. See acast.com/privacy for more information.
30/01/12•1m 5s
Global bank capital rules, FSA pressure on banks' bonus pools and US bank earnings
This week the banking team talk about France and Germany's efforts to get global bank capital requirements relaxed. They also discuss the Financial Service Authority pressure on banks to cut bonus pools to reflect huge losses triggered by mis-sold loan insurance, and the reports on US bank earnings. Presented by Patrick Jenkins, with Brooke Masters and Megan Murphy.Produced by Amie Tsang Hosted on Acast. See acast.com/privacy for more information.
23/01/12•1m 5s
UK bankers' bonuses, the Financial Stability Board's plans to rein in shadow banking and a break down in Greek negotiations
This week the banking team discusses the increased pressure on bankers to limit their bonuses after António Horta-Osório waived his entitlement to a bonus for last year. They also take a look at the Financial Stability Board's plans to restructure the financial services industry and the deadlock in negotiations in Greece over the size of the losses to be taken by banks and bondholders. Presented by Sharlene Goff, with Megan Murphy and Brooke Masters.Produced by Amie Tsang Hosted on Acast. See acast.com/privacy for more information.
16/01/12•1m 5s
RBS scales back its investment bank but keeps its bonuses, the latest from Basel and UniCredit's rights issue
This week the banking team discuss what looks to be the most contentious bonus round since the financial crisis, the latest announcement from Basel about liquidity buffers and UniCredit's rights issue, which sent its shares tumbling. Presented by Patrick Jenkins, with Sharlene Goff and Brooke Masters.Produced by Amie Tsang Hosted on Acast. See acast.com/privacy for more information.
09/01/12•14m 24s
The Vickers report, compliance at UBS and António Horta-Osório's return
The banking team discuss the government response to Sir John Vickers' report, the questions raised by a series of cases against former members of the "Asia II" wealth management desk at UBS and the announcement that António Horta-Osório, chief executive of Lloyds Banking Group, will be returning in January. Presented by Brooke Masters,with Sharlene Goff and Megan Murphy. Produced by Amie Tsang Hosted on Acast. See acast.com/privacy for more information.
19/12/11•11m 34s
The FSA's damning RBS report, European stress tests, and what Cameron's veto means for the City
Patrick Jenkins, Sharlene Goff and Megan Murphy discuss the FSA’s long-awaited report into the failure of Royal Bank of Scotland, the European Banking Authority’s latest stress test results, and at what the UK’s EU treaty veto really means for the City of London. Hosted on Acast. See acast.com/privacy for more information.
12/12/11•1m 5s
Bankers' bonuses, liquidity issues in the eurozone and a fine for mis-selling at HSBC
Bankers' bonuses are still a contentious issue, causing a furore even among shareholders. Also this week, signs that banks are struggling to borrow on the interbank markets and HSBC is hit with the UK’s largest ever retail fine of £10.5m for mis-selling care bonds. Presented by Patrick Jenkins,with Megan Murphy, Sharlene Goff and Brooke Masters. Produced by Amie Tsang Hosted on Acast. See acast.com/privacy for more information.
05/12/11•13m 4s
The UK chancellor's autumn statement and funding problems at European banks
Ahead of George Osborne's autumn statement, the Banking Weekly team discuss his plans for the government to underwrite loans for small and medium sized companies. Also this week, European banks face a struggle to raise capital to meet the new nine per cent core tier 1 capital ratio put forward by banking authorities. Presented by Brooke Masters, with Patrick Jenkins, Sharlene Goff and Tracy Alloway. Produced by Emily Cadman Hosted on Acast. See acast.com/privacy for more information.
28/11/11•10m 10s
Management turmoil at Lloyds, Northern Rock's return to the private sector and UBS's bonus pool
The management turmoil at Lloyds after high-profile hire Nathan Bostock, who was due to take charge of the bank’s wholesale division decided to stay on at the Royal Bank of Scotland. Also this week, the banking team take a look at nationalised lender Northern Rock’s return to the private sector and new UBS CEO Sergio Ermotti’s decision to cut some of UBS’s bonus pool in order to recoup some of the money lost in the alleged rogue trading scandal. Presented by Patrick Jenkins, with Sharlene Goff and Brooke Masters. Produced by Emily Cadman Hosted on Acast. See acast.com/privacy for more information.
21/11/11•15m 27s
Risk-weighted assets, valuing bank debt, and Italy and the Eurozone crisis
Risk-weighted assets and how banks are trying to optimise their risk weightings. How banks account for the valuation of their own debt, which has been a big boost for to some banks’ quarterly profits. Also: Italy and how banks are coping with the eurozone crisis. Hosted on Acast. See acast.com/privacy for more information.
14/11/11•16m 11s
António Horta-Osório’s break from Lloyds, the MF Global collapse and Bob Diamond’s cuddly bankers
In this week’s show: Lloyd’s faces a vacuum at the top as its chief executive takes a leave of absence on medical grounds, MF Global’s collapse has worrying echoes of Lehman Brothers and are bankers fulfilling their role in society? Presented by Megan Murphy, with Sharlene Goff. Produced by Amie Tsang. Hosted on Acast. See acast.com/privacy for more information.
07/11/11•18m 52s
Barclays’ results, shadow banking regulation and the eurozone deal
In this week’s show: what Barclays results signify for the rest of the UK banking sector, now that investors have seen the details, how are the markets reacting to the eurozone rescue package, and how are regulators going to monitor shadow banking? Presented by Patrick Jenkins, with Brooke Masters and Sharlene Goff. Produced by Emily Cadman. Hosted on Acast. See acast.com/privacy for more information.
31/10/11•16m 19s
Selling Lloyds’ branches, entering the earnings season and bank recapitalisation
In this week’s show: The lacklustre interest in Lloyds branch portfolio from the private sector, what third-quarter investment bank results tell us about the health of the sector, and the options for recapitalising Europe’s banks. Presented by Megan Murphy with Sharlene Goff. Produced by Emily Cadman. Hosted on Acast. See acast.com/privacy for more information.
23/10/11•14m 36s
Greece haircuts, Northern Rock bidders and the banking results season
In this week’s show: prospects for a renegotiation of the private sector’s role in bailing out Greece, the bidding process for Northern Rock and what JPMorgan’s results signify for the wider investment banking sector.Presented by Brooke Masters, with Megan Murphy and Sharlene Goff. Produced by Emily Cadman Hosted on Acast. See acast.com/privacy for more information.
16/10/11•14m 52s
Expanding the European Financial Stability Facility
In this week's show: why Slovakia could yet throw a spanner in the works of plans to expand the eurozone’s bail-out fund, the European Financial Stability Facility or EFSF, and why the Basel committee are determined to press ahead with plans to force banks to hold more liquid assets, despite lobbying to the contrary. Presented by Patrick Jenkins with Megan Murphy.Produced by Emily Cadman Hosted on Acast. See acast.com/privacy for more information.
09/10/11•14m 34s