FT Banking Weekly

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.