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It's a treacherous time for the Eurozone. Inflation is falling, yes, but at the same time signs of real economic weakness are growing. And there are risks on the horizon, from rising debt to trade wars to real wars. It's a perfect time to speak to our guest Philip Lane, chief economist of the ECB and a member of its executive board. And this week we have a co-host as well, Frankfurt bureau chief and ECB correspondent Olaf Storbeck.For Philip Lane's recent speech on monetary policy uncertainty, see hereSoumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
“Alles unter 600 Kilometern fährt man normalerweise ohne Schlaf”. Bis vor kurzem wusste ich nichtmal, dass die Subkultur der Langstreckenradfahrer überhaupt existiert – bis ich Olaf Storbeck kennengelernt habe. Der macht sich einen Spaß daraus, mehrere hunderte Kilometer am Stück zu radeln. Wie und warum er das macht, hat er mir erzählt. Darin: Langstreckenfahrten mit […]
“Alles unter 600 Kilometern fährt man normalerweise ohne Schlaf”. Bis vor kurzem wusste ich nichtmal, dass die Subkultur der Langstreckenradfahrer überhaupt existiert – bis ich Olaf Storbeck kennengelernt habe. Der macht sich einen Spaß daraus, mehrere hunderte Kilometer am Stück zu radeln. Wie und warum er das macht, hat er mir erzählt. Darin: Langstreckenfahrten mit […]
Die Reichelt-Affäre bei Axel Springer nimmt kein Ende: Die "Financial Times" hat in dieser Woche einen Bericht vorgelegt, die Springer-Chef Mathias Döpfner und die Führungsetage des Hauses schwer belasten. Wie die FT-Journalisten Erika Solomon und Olaf Storbeck berichten, sollen die Verfehlungen von Ex-"Bild"-Chefredakteur Julian Reichelt intern schon früher bekannt gewesen sein als bislang angenommen. Der Vorstand soll versucht haben, Affären und Machtmissbrauch Reichelts zu decken, statt sie aufzuklären. Reichelt soll sogar Informationen über die laufenden Untersuchungen zugespielt bekommen haben, sodass er Zeugen identifizieren konnte, die eigentlich anonym bleiben sollten. Springer-Chef Döpfner witterte offenbar eine Kampagne gegen das Verlagshaus. Er soll eine Kanzlei engagiert haben, um gegen angebliche Verschwörer zu ermitteln. Julian Reichelt habe, so zeigen die Recherchen, eigens eine Liste mit Personen zusammengestellt, die ihm und dem Springer-Verlag schaden wollten: Der Satiriker Jan Böhmermann soll darauf ebenso gestanden haben wie Ex-Bild-Chef Kai Diekmann. Im Podcast mit Holger Klein erzählt FT-Korrespondent Olaf Storbeck, warum es beim Springer-Vorstand trotz aller Enthüllungen "immer noch nicht knallt", weshalb er sogar Verständnis dafür habe, dass Döpfner eine Verschwörung gegen sein Haus witterte und warum all das vermutlich keine strafrechtlichen Konsequenzen nach sich ziehen wird.
Im Fall Reichelt habe der Axel-Springer-Verlag mit Halbwahrheiten "letztendlich ein Bild der Untersuchungen erzeugt, das so nicht stimmt", sagt Olaf Storbeck. Er ist einer der Autoren einer neuen Recherche der "Financial Times", die den Springer-Verlag und seinen CEO Mathias Döpfner schwer belastet.Olaf Storbeck im Gespräch mit Bettina Schmieding / Text: Mike Herbstreuthwww.deutschlandfunk.de, @mediasresDirekter Link zur Audiodatei
Olaf Storbeck und Marco Herack besprechen die Erkenntnisse des Wirecard-Untersuchungsausschusses und den aktuellen Stand der Dinge.
Stacy-Marie Ishmael joins as a co-host this week with Felix Salmon and Emily Peck to talk about the pandemic’s Big Tech boom, the car market, and the controversy over Basecamp’s office culture. In the Plus segment: Wirecard. Mentioned in the show: “Breaking Camp,” by Casey Newton for the Verge “How Big Tech Won the Pandemic,” by Shira Ovide for the New York Times ”About the Apple Card,” by Jamie Heinemeier Hansson “How the Paper Trail Went Cold in KPMG’s Special Audit of Wirecard,” by Dan McCrum and Olaf Storbeck for the Financial Times. "The Weird, Extremely German Origins of the Wirecard Scandal" by Adrian Daub for The New Republic Email: slatemoney@slate.com Podcast production by Jessamine Molli. Twitter: @felixsalmon, @EmilyRPeck Learn more about your ad choices. Visit megaphone.fm/adchoices
Stacy-Marie Ishmael joins as a co-host this week with Felix Salmon and Emily Peck to talk about the pandemic’s Big Tech boom, the car market, and the controversy over Basecamp’s office culture. In the Plus segment: Wirecard. Mentioned in the show: “Breaking Camp,” by Casey Newton for the Verge “How Big Tech Won the Pandemic,” by Shira Ovide for the New York Times ”About the Apple Card,” by Jamie Heinemeier Hansson “How the Paper Trail Went Cold in KPMG’s Special Audit of Wirecard,” by Dan McCrum and Olaf Storbeck for the Financial Times. "The Weird, Extremely German Origins of the Wirecard Scandal" by Adrian Daub for The New Republic Email: slatemoney@slate.com Podcast production by Jessamine Molli. Twitter: @felixsalmon, @EmilyRPeck Learn more about your ad choices. Visit megaphone.fm/adchoices
The first presidential debate quickly turned chaotic, and JPMorgan Chase will have to pay $920m in the largest ever spoofing settlement. Plus, the FT’s Olaf Storbeck uncovers that EY was made aware of potential wrongdoing at Wirecard as far back as 2016. Joe Biden and Donald Trump clash in ill-mannered presidential debatehttps://www.ft.com/content/c77fa4ff-3278-4258-9033-8b62adcdbba5EY whistleblower warned of Wirecard fraud four years before collapse ft.com/content/3b9afceb-eaeb-4dc6-8a5e-b9bc0b16959d?JPMorgan to pay $920m in largest-ever spoofing settlementhttps://www.ft.com/content/f2c918c2-2659-4513-8851-cc40379d4840 See acast.com/privacy for privacy and opt-out information.
Ponzi Scream BONUS: Wirecard with Olaf Storbeck Financial Times journalist Olaf Storbeck (@olafstorbeck) talks to David about Wirecard, a German version of PayPal and the biggest accounting fraud in German postwar history. Ponzi Scream is a leftist comedy podcast looking at white collar crime, especially in the financial sector. Hosted by David Bradley Isenberg, Gabe Pacheco, and Danny Felts Recorded and edited by Danny Felts Logo art by Morgan Pielli Weekly graphic by Shannon Manning Theme song by James Harvey Recorded Sept 16, 2020 #wirecard #FT #germany #fraud
Ponzi Scream BONUS: Wirecard with Olaf Storbeck Financial Times journalist Olaf Storbeck (@olafstorbeck) talks to David about Wirecard, a German version of PayPal and the biggest accounting fraud in German postwar history. Ponzi Scream is a leftist comedy podcast looking at white collar crime, especially in the financial sector. Hosted by David Bradley Isenberg, Gabe Pacheco, and Danny Felts Recorded and edited by Danny Felts Logo art by Morgan Pielli Weekly graphic by Shannon Manning Theme song by James Harvey Recorded Sept 16, 2020 #wirecard #FT #germany #fraud
Gäste: Melanie Bergermann, WirtschaftsWoche; Cerstin Gammelin, Süddeutsche Zeitung; Stephan-Götz Richter, The Globalist.com; Olaf Storbeck, Financial Times
Turkish MPs have imposed new rules on how social media firms can operate in the country. The likes of Twitter and Facebook must ensure they have local representatives in Turkey, and comply with court orders to remove content deemed offensive. Ece Goksedef of the BBC's Turkish service tells us what's behind the latest move, and Istanbul-based lawyer and free speech campaigner Veysel Ok says he's worried freedom of expression is being eroded in his country. Also in the programme, German MPs are hearing from two senior government ministers about what they knew and when about links between collapsed payments firm Wirecard and the country's government. Whilst the hearing itself is in private, Olaf Storbeck of the Financial Times in Frankfurt explains the background. In the US around $8bn is spent annually on courses for employees focused on diversity and unconscious bias issues. The BBC's Manuela Saragosa has been finding out whether that is money well spent. Plus, music streaming service Spotify has reported a rise in subscribers as more people listened to music during the pandemic, but a fall in advertising revenue, leading to an overall loss for the second quarter of the year. Music business journalist Eamonn Forde brings us the details.
In dieser Folge spricht Marco Herack mit Olaf Storbeck von der Financial Times (FT') über den Fall Wirecard. Es geht um die Recherchen der FT, das Erleben der Skepsis in Deutschland und die Rolle der Prüfer sowie der Aufsicht.
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 See 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.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 See acast.com/privacy for privacy and opt-out information.
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 See acast.com/privacy for privacy and opt-out information.
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. See acast.com/privacy for privacy and opt-out information.
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 See acast.com/privacy for privacy and opt-out information.
Merger talks between Germany's two biggest banks have failed, leaving Deutsche Bank alone to address problems of underperformance and falling revenues. Patrick Jenkins discusses what went wrong and what happens next with Olaf Storbeck, FT correspondent in Frankfurt, and economist Isabel Schnabel.Contributors: Suzanne Blumsom, executive editor, Patrick Jenkins, financial editor, Olaf Storbeck, Frankfurt correspondent, and Isabel Schnabel, economics professor at Bonn University. See acast.com/privacy for privacy and opt-out information.
UK Prime Minister Theresa May pins Brexit deal hopes on last-minute talks with the Democratic Unionist Party, French President Emmanuel Macron is under renewed pressure after looters smashed scores of shops and set fire to a restaurant in Paris and adverse weather and deadly bacteria cause Italian olive oil prices to surge. Plus, the FT’s Olaf Storbeck explains the merger talks between Deutsche Bank and Commerzbank. See acast.com/privacy for privacy and opt-out information.
Deutsche Bank's chief executive Christian Sewing is seeking assurances that he will not face a political backlash over job cuts if he goes ahead with a merger with the retail lender Commerzbank. Patrick Jenkins discusses the rationale for the merger with Olaf Storbeck and Stephen Morris.Contributors: Katie Martin, capital markets editor, Patrick Jenkins, financial editor, Olaf Storbeck, Frankfurt correspondent and Stephen Morris, European banking correspondent. Producer: Fiona Symon See acast.com/privacy for privacy and opt-out information.
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 See acast.com/privacy for privacy and opt-out information.
BlackRock's Munich offices have been caught up in a long running investigation into a tax fraud, thought to have cost the German authorities as much as €7bn. This has embroiled Friedrich Merz, BlackRock's German chief, who is hoping to succeed Angela Merkel as head of the CDU party next month. Katie Martin discusses the fraud and which financial companies have been implicated with Olaf Storbeck, Chris Flood and David Crow.Contributors: Suzanne Blumson, executive editor, Katie Martin, capital markets editor, Olaf Storbeck, Frankfurt correspondent, Chris Flood, FTfm reporter, David Crow, banking editor. Producer: Fiona Symon See acast.com/privacy for privacy and opt-out information.
Sendet uns Audiokommentare per Whatspapp, Telegramm, Signal oder Threema: 0177 899 535 9 Unser Alexa-Skill Die Kommentare der Hörerinnen und Links zu den Quellen findet ihr auf www.mikrooekonomen.de. Dort auch Shownotes mit Verlinkungen, Bildern und ggf. Videos. Liebe Hörerinnen, Liebe Hörer, die Mikroökonomen sind ein unabhängiger Podcast über Wirtschaft, der sich Zeit nimmt. Wir wollen ein dauerhaft unabhängiges Informationsangebot aufbauen, das die Dinge anders macht. Möglich wird dies erst durch Euch und eure regelmäßigen Spenden. Vielen Dank dafür! Ihr könnt uns direkt unterstützen: Herack, Marco IBAN: DE07 4306 0967 2065 2209 02 BIC: GENODEM1GLS oder… https://mikrooekonomen.de/spenden/ Woher kommt das Geld? - Deutschlandfunk Feature über Geld - Hannah über Geld (Blog) Deutsche Biermarkt ist kein Expertweltmeister - Klimawandel macht das Bier teurer (FAZ) - Deutschlands große Bierkrise (Artikel von Olaf Storbeck, FT, englisch) Der Elfenbeinhandel dreht durch - Elfenbeinhandel trotz des Bans in China (Spiegel) - Mammutjagd in Sibirien(Spiegel) - Die Mammuts kommen (Weltspiegel, Sibirien) Gesellschaftsteil: Picks - Marco: EATdoori Köln
Political uncertainty over Brexit and the threat of global trade wars has overshadowed a remarkable corporate success story in Europe. Martin Arnold discusses how companies on the Continent have bounced back since the financial crisis with Sarah Gordon, FT business editor and regional correspondents Harriet Agnew, Olaf Storbeck and Michael StothardRead more on Europe's corporate comeback hereContributors: Susanne Blumsen, executive editor, Martin Arnold, deputy companies editor, Sarah Gordon, business editor, Olaf Storbeck, Frankfurt correspondent, Harriet Agnew, Paris correspondent and Michael Stothard, Madrid correspondent. Producer: Fiona Symon See acast.com/privacy for privacy and opt-out information.
Imagine Britain votes on June 23 to leave the European Union. What happens next? Breakingviews writers George Hay, John Foley, Neil Unmack, Swaha Pattanaik and Olaf Storbeck discuss the possible consequences for markets, trade, growth and the future of the EU. See acast.com/privacy for privacy and opt-out information.