FT Banking Weekly
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462 episodes
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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 TheCityUK * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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 * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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 https://www.ibe-disruptors.com/. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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 CaixaBank * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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 economist https://www.ft.com/content/e5e082bc-d87c-11e9-8f9b-77216ebe1f17 Swedbank admits to money-laundering failings https://www.ft.com/content/c10076e2-d920-11e9-8f9b-77216ebe1f17 https://www.ft.com/content/c65b32d8-d648-11e9-a0bd-ab8ec6435630 * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
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. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
