Ft Banking Weekly

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  See acast.com/privacy for privacy and opt-out 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.  See acast.com/privacy for privacy and opt-out 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  See acast.com/privacy for privacy and opt-out 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.  See acast.com/privacy for privacy and opt-out 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  See acast.com/privacy for privacy and opt-out 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.  See acast.com/privacy for privacy and opt-out 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  See acast.com/privacy for privacy and opt-out 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.  See acast.com/privacy for privacy and opt-out 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.  See acast.com/privacy for privacy and opt-out 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.  See acast.com/privacy for privacy and opt-out 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.  See acast.com/privacy for privacy and opt-out 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.  See acast.com/privacy for privacy and opt-out 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.  See acast.com/privacy for privacy and opt-out 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.  See acast.com/privacy for privacy and opt-out 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.  See acast.com/privacy for privacy and opt-out 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.  See acast.com/privacy for privacy and opt-out 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  See acast.com/privacy for privacy and opt-out 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  See acast.com/privacy for privacy and opt-out 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.  See acast.com/privacy for privacy and opt-out 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  See acast.com/privacy for privacy and opt-out information.