Ft Banking Weekly

After Standard Chartered's announcement that it will pay an additional $330m to resolve investigations into US sanction breaches and a deal expected from UBS in the next few weeks over the Libor scandal, the banking team asks why lenders are rushing to reach settlements with regulators. They also discuss the consequences for Deutsche Bank after it emerged that three former employees told regulatory authorities that the bank hid up to $12bn of paper losses during the financial crisis.  See acast.com/privacy for privacy and opt-out information.

The announcement that Mark Carney will take over as the governor of the Bank of England next year came as a surprise to many. But what does the market think of his appointment and will he change his executive team? Also discussed are the latest developments in the libor scandal as Deutsche Bank provisions for a potential settlement, and concerns from the Bank of Tokyo-Mitsubishi’s chief executive over the state of Japanese government bond investments  See acast.com/privacy for privacy and opt-out information.

The announcement that Mark Carney will take over as the governor of the Bank of England next year came as a surprise to many. But what does the market think of his appointment and will he change his executive team? Also discussed are the latest developments in the libor scandal as Deutsche Bank provisions for a potential settlement, and concerns from the Bank of Tokyo-Mitsubishi’s chief executive over the state of Japanese government bond investments  See acast.com/privacy for privacy and opt-out information.

It's good news for RBS as private equity groups including AnaCap Financial and JC Flowers join Virgin Money and Nationwide in expressing interest in the lender's 316 branches, following the collapse of a deal with Santander in October. The banking team also discuss whether Barclays will follow the lead of UBS in winding down its global investment operations, following pressure from the bank's biggest investors.  See acast.com/privacy for privacy and opt-out information.

As scandal after scandal hits lenders, the banking team talk about the Financial Services Authority's warning to banks operating in London that they must reduce bonus payouts. Also under discussion are proposals by the Financial Stability Board to tackle shadow banking, an industry worth half the size of the global banking sector.  See acast.com/privacy for privacy and opt-out information.

As Goldman Sachs joins a plethora of lenders including HSBC and Barclays that face renewed scrutiny over rule breaches, the banking team talk about the impact of legacy issues on banks. Also under discussion are radical proposals by Hermes to scrape annual bonuses and Commerzbank’s decision to repay €10bn of ECB loans early.  See acast.com/privacy for privacy and opt-out information.

This week the team discuss payment protection insurance as the bill for mis-selling the product tops £11bn for UK banks. Also under discussion are Sifi surcharges, the amount of extra capital that certain banks need to hold, after the Financial Stability Board published an updated list of "global systemically important financial institutions", and whether being on the list could be a good thing for lenders.  See acast.com/privacy for privacy and opt-out information.

This week the team discuss payment protection insurance as the bill for mis-selling the product tops £11bn for UK banks. Also under discussion are Sifi surcharges, the amount of extra capital that certain banks need to hold, after the Financial Stability Board published an updated list of "global systemically important financial institutions", and whether being on the list could be a good thing for lenders.  See acast.com/privacy for privacy and opt-out information.

This week the banking team discuss UBS's move to split its investment unit and whether other banks will take similar decisive action as they come under regulatory and cost-saving pressures. Also under discussion is Lloyds' scheme to scrap incentives linked to product sales, as UK lenders face renewed scrutiny following mis-selling scandals.  See acast.com/privacy for privacy and opt-out information.

Following Vikram Pandit’s surprise resignation from Citigroup, the banking team analyses events leading up to the chief executive’s departure and whether his replacement, Mike Corbat, is what the troubled group needs. Also under discussion are plans by Lloyds to reform its remuneration structure by ditching annual bonuses, as the bank attempts to appease the government, shareholders and the public.  See acast.com/privacy for privacy and opt-out information.

This week the banking team ask whether strong third-quarter results from JP Morgan and Wells Fargo bode well for other US banks and the implications of the FSA's decision to loosen capital and liquidity rules for lenders. Alistair Gray, insurance correspondent, and Sharlene Goff, retail banking correspondent, also discuss RBS' future after its deal to sell more than 300 branches to Santander collapsed.  See acast.com/privacy for privacy and opt-out information.

This week the team is joined by Elaine Moore, deputy personal finance editor, to discuss Nationwide Building Society’s decision to stop offering interest-only mortgages to new borrowers. Also, what is the significance of plans by James Gorman, Morgan Stanley’s chief executive, to sacrifice staff and reduce bonuses, and how has the banking sector reacted to recommendations of the Liikanen report?  See acast.com/privacy for privacy and opt-out information.

This week the team look at the Spanish banking system, after a recent report into the country’s 14 largest lenders found they could need up to €60bn in new capital. But are recent stress-tests enough to restore confidence? They also discuss JPMorgan’s recent deal that saw it snap up three quarters of the first European commercial mortgage bond launched since the financial crisis and regulatory pressures on the banking sector  See acast.com/privacy for privacy and opt-out information.

This week the Banking team are joined by Paris correspondent Scheherazade Daneshkhu to discuss Société Générale's plans to boost profits in Russia and Romania by the end of next year. They also look at Standard Chartered's signing of a $340m settlement to resolve allegations it violated US sanctions on Iran and they debate what the future holds for London, as strict enforcement of new EU regulation begins to push debt deals away from the City.  See acast.com/privacy for privacy and opt-out information.

As Chinese businesses do more deals in Europe, its big banks are starting to look at potential acquisitions in Europe, why former HBOS banker Peter Cummings was singled out personally by the regulator and the trial of the former UBS’s trader Kweku Adoboli accused of causing the largest unauthorised trading loss in British history gets underway.  See acast.com/privacy for privacy and opt-out information.

Is there a new round of job cuts looming at Europe’s banks? The FT’s banking team also looks at the latest in the Libor rate fixing scandal and with a month to go until the Liikanen review is due to be completed whether a consensus is emerging that Europe’s big banks could be forced to ringfence trading assets.  See acast.com/privacy for privacy and opt-out information.

This week the banking team discuss the swift appointment of internal candidate Antony Jenkins as the new chief executive of Barclays. Alistair Gray, insurance correspondent joins to talk about RBS floating Direct Line and the team look into the possibility that banking liquidity rules could be softened.  See acast.com/privacy for privacy and opt-out information.

This week the banking team analyse Standard Chartered's decision to pay a settlement of $340m to a New York regulator related to its handling of payments to Iran. But with other regulators still circling, will the bank face further fines? They also discuss HSBC's dealings with Iran and Syria and the latest on the Libor scandal  See acast.com/privacy for privacy and opt-out information.

This week the banking team is joined by Anousha Sakoui, the FT’s M&A correspondent, to discuss the latest developments in the Standard Chartered scandal, as the bank pushes for a settlement against allegations from US regulators that it breached Iranian sanctions. Also under consideration are Julius Baer’s proposed purchase of Merrill Lynch’s overseas wealth management arm and the challenges facing Sir David Walker in his new role as Barclays chairman  See acast.com/privacy for privacy and opt-out information.

This week the banking team discusses the Standard Chartered scandal as New York state’s financial watchdog accuses the bank of hiding $250bn of transactions with Iran. Also under the spotlight are RBS’s latest results and the debate over whether the bank should be fully nationalised, plus refunds of mis-sold payment protection insurance boosting Britain’s stuttering economy  See acast.com/privacy for privacy and opt-out information.