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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 See acast.com/privacy for privacy and opt-out information.
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. See acast.com/privacy for privacy and opt-out information.
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. See acast.com/privacy for privacy and opt-out information.
Financial institutions have paid more than $150bn in fines in the US relating to the credit crisis a decade ago. Ben McLannahan discusses the rising settlements bill and where the money has gone with Kara Scannell, the FT's senior US financial correspondent. Music by Kevin MacLeod See acast.com/privacy for privacy and opt-out information.
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. See acast.com/privacy for privacy and opt-out information.
Gary Cohn, former number two at Goldman Sachs, has become President Trump’s point man for financial deregulation. Will he go too far in unpicking post-crisis reforms? Patrick Jenkins puts the question to Ben McLannahan, the FT's US banking editor, and Denis Kelleher of the Better Markets think tank. Music: Kevin MacLeod See acast.com/privacy for privacy and opt-out information.
Dozens of protesters gathered outside the Lower Manhattan headquarters of Goldman Sachs, the investment bank, following a series of appointments of Goldman-linked people to top jobs in the Trump administration. Ben McLannahan reports. See acast.com/privacy for privacy and opt-out information.
After years of flat revenues, executives are hunting for new income streams, says Ben McLannahan. Can the Wall Street bank be a friend to the consumer and small businesses? See acast.com/privacy for privacy and opt-out information.
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. See acast.com/privacy for privacy and opt-out information.
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. See acast.com/privacy for privacy and opt-out information.
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. See acast.com/privacy for privacy and opt-out information.
Goldman Sachs, the go-to bank of the rich and powerful, is moving into consumer lending and consumer savings. Patrick Jenkins, FT financial editor, discusses the surprise development with US banking editor Ben McLannahan, UK banking editor Martin Arnold, and Sam Theodore of credit rating agency Scope Ratings. Music by Kevin MacLeod See acast.com/privacy for privacy and opt-out information.
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. See acast.com/privacy for privacy and opt-out information.
MetLife celebrated a victory this week when a district court in Washington ruled the Obama administration had acted unlawfully in determining the biggest US insurer by assets was "too big to fail". The FT's Alistair Gray tells Ben McLannahan which other companies might come forward to challenge the same designation, how the ruling could affect insurance groups like AIG, and what steps Washington could take to contest the ruling. See acast.com/privacy for privacy and opt-out information.
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 See acast.com/privacy for privacy and opt-out information.
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. See acast.com/privacy for privacy and opt-out information.
What are the justifications for the call from Federal Reserve of Minneapolis President Neel Kashkari that the major banks should be broken up, and are his motivations political or in the best interests of society and investors? Lex US editor Sujeet Indap and US banking editor Ben McLannahan discuss. Music by Kevin MacLeod. See acast.com/privacy for privacy and opt-out information.
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. See acast.com/privacy for privacy and opt-out information.
Five years after producing the US government's official report on the financial crisis, Financial Crisis Inquiry Commission chairman Phil Angelides has written a letter to Attorney General Loretta Lynch asking why the Department of Justice has yet to hold Wall St executives accountable for the damage. Mr Angelides explains his position to US banking editor Ben McLannahan. Music by Kevin MacLeod. See acast.com/privacy for privacy and opt-out information.
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. See acast.com/privacy for privacy and opt-out information.
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'. See acast.com/privacy for privacy and opt-out information.
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. See acast.com/privacy for privacy and opt-out information.
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. See acast.com/privacy for privacy and opt-out information.
In this episode of Alphachat, host Cardiff Garcia is joined by Gillian Tett and Ben McLannahan to discuss the future of the FT under new ownership; Gillian offers a preview of The Silo Effect, her forthcoming new book; and Alphaville writer Matt Klein reflects on a hassle-free trip to Greece despite the country's economic upheaval. See acast.com/privacy for privacy and opt-out information.
Shinzo Abe's decision to call snap elections only two years into his term perplexed many people. Was it simply cover for a U-turn on a planned rise in consumption tax or was the prime minister seeking a renewed mandate for more radical measures to kick-start growth? Ben Hall discusses what the elections mean for the future of the world's third-largest economy with Ben McLannahan and David Pilling. See acast.com/privacy for privacy and opt-out information.