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Banking Weekly

Banking Weekly

United Kingdom

Each week the FT banking team discuss 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

Episodes

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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