17 Burst results for "Patrick Jenkins"

"patrick jenkins" Discussed on FT News

FT News

01:34 min | 1 year ago

"patrick jenkins" Discussed on FT News

"And then after that, obviously wants the persecution cases finished the defense case will begin and again that could last some time so he could be six months with his trial. Just one final thing than Jane us. He as I said you covering the banks at the time, the Qatari investors that came in with their multibillion, bailout full Barclays, what was in it for them really setting aside, the alleged payments of inducements, why did they invest in Barclays? And of course, they invested in quite a few banks right across Europe at the time. Yeah. I mean, I think the trials hood some evidence that Barclays was an attractive proposition for the Qataris. But obviously, the Qataris are not part of the case nobody from the kettle investments investment thority is giving evidence in the trial. And you've got to basically remember that the Qataris with the purchases here, they didn't have the disclosure abbreviations that Barclays had dinner they're not on trial here. But obviously, they saw the Bank has a attractive proposition in this. Two thousand and eight banking crisis. And I think it is to be remembered the at she sunny. This was true just before the trial started when I checked it costs remain. Barclays lotta shareholder. They've been through ups and downs of a sin. Suddenly just like that positions in other banks in Europe, not least torture Bank. But. That is another story has we have reports many times people on thank you both very much. That was Patrick Jenkins financial editor talking to Caroline Benham financial regulation. Correspondent and Jane Croft are low coats correspondent will be back with another niece feature..

Barclays Qataris Jane Croft Europe Patrick Jenkins Caroline Benham editor six months
"patrick jenkins" Discussed on FT Banking Weekly

FT Banking Weekly

01:46 min | 2 years ago

"patrick jenkins" Discussed on FT Banking Weekly

"Banking weekly from the financial times with me, Patrick Jenkins joining me in the studio today is Martin Ona-led. Our banking editor and joining us from New York is lower. Newnan. US banking editor guest. This week is professor Doug diamond who's gonna thirty on banks Tbilisi and a professor at the Chicago graduate school of business. This week, we'll be discussing the latest regulatory shenanigans, Iran banking, post Brexit. Also a prediction from professor Doug diamond at Chicago graduate school of business at the next danger to banks to -bility and finally look at j.p Morgan's and should have to boost its coating staff. I two that Brexit story and Martin being month. Now of wrangling between banks and regulators over the way in which they might be able to continue doing business post. Brexit, particularly when it comes to trading and the use of this facility that's cooled back to back transactions. Now, this is something that allows banks to replicate transactions that happen on the ground in various countries, particularly around Europe, but also globally with matching transactions in London's they can book this business here in London. The regulators particularly easy be who are not happy with this continuing to happen a few weeks ago, we reported about another European regulator, the Andrea Andrea who's been sometime guest on this program. In fact, talking about absolutely back toback needs to be continued in Europe. It's part of the global banking system, but not in DC has said in the last couple of days that no it, it can't continue feels a bit like a political intervention..

Doug diamond Chicago graduate school of bus Brexit professor editor Andrea Andrea Patrick Jenkins Martin Europe London Newnan Tbilisi New York DC Iran -bility
"patrick jenkins" Discussed on FT Banking Weekly

FT Banking Weekly

03:36 min | 2 years ago

"patrick jenkins" Discussed on FT Banking Weekly

"Welcome to banking week.' from the financial times with me, Patrick Jenkins joining me in this day today, Hannah Murphy. Our financial correspondent, Stephen Morris, our European banking correspondent Caroline, Benham financial regulation correspondent and on a trip from Scandinavia. We have Richard Milne of Scandinavia correspondent this week. We'll be taking a look at MasterCard as it prepares for innovation in future. Look also at HSBC as it struggles with its investment banking advisory business. And finally yet more news about the money laundering scandal at Dansk Bank, I, though to massacred and last week, MasterCard and visa on a clutch of big banks proposed a six point, two billion dollar settlement with merchants over a long-running fees dispute. When we spoke to MasterCard's chief financial officer, Martino hunt middle. She refused to talk about that. On tape, but she did talk to financial correspondent Hannah Murphy about a clutch of other interesting topics I had asked her about cyber security and exactly what MasterCard was doing to deal with the risks that was showing up in the payment system. We have actually used a number of fraud products that we have internally and over the last many years, we actually figured out how to change those products so that the other stakeholders in the payments industry could use it. And then we build on top of it including making a number of acquisitions, there's very significant effort that you have to invest in your technology, right. The technology has to be built in a certain way that can with stand the tax ta- getting from Sabah security criminals, but even more important, you need to have fantastic resources in the company. So these are people who have a huge amount. Of skill set and to -cation background in this particular space. And in fact, today, I would suggest to you that we don't have enough people whom you can hire in the space, and they're a significant efforts going on to figure out how you can get the kits of the future to be going into these kinds of spaces, and hopefully be hired by companies like us. So how would you make that comment? She's obviously building up how well MasterCard is prepared for cybersecurity, but we've seen a lot of outages. Actually, a big is to get out rival visa a few weeks ago and also other payments systems. Did she sound from what she said to you as if they're confident that this could never happen to them and that this is something that they're on top of in the way others aren't. What struck me was the point around talent that she made that they're really trying to race to stay ahead of hackers and so- hiring in some big. Names run green, that chief information security officer, former US, special agent with the secret service. They've also hide from INTERPOL signals that there's a little bit of nervousness around this issue nervousness. But as you say, it probably is a bit of a war gang the right people in who are going to stay ahead of the curve. Exactly. Exactly. The other interesting point that she made was around data analytics and the kind of work that MasterCard is doing, what they wouldn't breach client confidences. They are very keen to exploit the commercial opportunity of aggregating data and honestly, and trying to exploit that in terms of.

MasterCard Hannah Murphy Scandinavia chief information security off chief financial officer Patrick Jenkins Richard Milne Stephen Morris HSBC Martino hunt middle INTERPOL Sabah fraud Dansk Bank two billion dollar
"patrick jenkins" Discussed on FT Banking Weekly

FT Banking Weekly

02:02 min | 2 years ago

"patrick jenkins" Discussed on FT Banking Weekly

"Welcome to banking weekly from the financial times with me patrick jenkins joining me in the studio today martin arnold our banking editor caroline benham our financial regulation correspondent and lure newnan our investment banking correspondent our guest today is joseph dixon from jeffries this week we'll be discussing hsbc as it turns from cutting to growth a look at citigroup as it signals a dramatic cut in its tech and operation staff and finally to tsb where the ongoing it glitch is threatening its chief executive pool pester i two hsbc martin with seeing a big switch really and strategy only under chairman mark tucker and chief executive john flint i wouldn't say all changed patrick fit some change at hsbc where john flint the new chief executive laid out his strategy for the first time to investors and there's a lot of continuity in what he said particularly he sticking with this so called pivot to asia strategy laid out by his predecessor stuart gulliver three years ago to deploy capital away from underperforming areas of the business likely investment bank and shift that capital into more promising areas like in hong kong which generates a lot of hsbc's prophets and also the power the delta business in southern china and continuity also on the dividend which joan flint promise to keep flat and on share buybacks which started under stuart gulliver and joint ventures promised to continue those opportunities to at least he said to cancel out the script element of the dividend where shelters have the option of receiving dividends in shares instead of cash but there was some new elements to this and particularly concede the influence of the new chairman mark tucker who was hired last year from the asian insurer aa.

hong kong joan flint asia chairman tsb newnan editor martin arnold patrick jenkins china caroline benham stuart gulliver chief executive john flint mark tucker citigroup hsbc jeffries
"patrick jenkins" Discussed on FT Banking Weekly

FT Banking Weekly

02:32 min | 2 years ago

"patrick jenkins" Discussed on FT Banking Weekly

"Welcome to banking weekly from the financial times with me patrick jenkins joining me in the studio today is martin arnold are banking an guest this week is w sarah from hedge fund algebra's this week we'll be discussing the latest hedge fund bets on the banking sector a look at the proposed deal between virgin money and clydesdale and look at greek banks as they suffer badly in the stress tests i o to that hedge fund story and martin has been a couple of interesting bits of news in terms of hedge funds showing interest in banks in the us we've seen value act pick up a one point two billion dollar stake in citigroup and he your own story an interesting one of cayenne capital signaling that they think unicredit has been miss reporting it's capital levels presumably we don't know but we're guessing this might mean that kyw's capital is shorting some of the banks instruments will go on to talk to doubleday sarah from algebra's aquin by investor through his hedge fund but first of all give us your thoughts on these stories is there anything that brings them together or will these two very distinct stories do you think there's an overarching theme here which is that ten years on from the financial crisis we are starting to see more and more activist type or distress type opportunistic type hedge fund investors targeting banks and we've seen that with an activist investing in barclays in the shape of edward bramson we've seen it with credit suisse just to cite a couple in the last couple of years and now we see it with value act which has taken a stake of not point seven percent of citigroup's share capital not immediately clear what value act is pushing for but it would like i think more capital to be returned quicker from citigroup to shareholders and that's quite traditional type activist investment it looks like whereas the chaos capital one in unicredit ease moving opportunistic play more of a standalone thing where chaos capitalist developing a bit of a niche in examining the fine print all banks capital and the way that it's made up and looking for areas where they might have got it wrong and then taking directional bets.

virgin money citigroup unicredit kyw barclays edward bramson patrick jenkins martin arnold two billion dollar seven percent ten years
"patrick jenkins" Discussed on FT Banking Weekly

FT Banking Weekly

02:38 min | 2 years ago

"patrick jenkins" Discussed on FT Banking Weekly

"Welcome to banking weekly from the financial times with me patrick jenkins joining me in the studio today is caroline bingham financial regulation correspondent were also joined by laura newnan aren't correspondent who's being in singaporenew and she's been talking to rohamn moghadam his the asian handing pal this week we'll be talking about barclays and the arrival of a new activist shoveled secondly the financial stability board the global regulatory body has changed tack and finally to that interview with the head of paypal asia i oh i look at barclays we've recorded this segment earlier it's activists investment fund which is quite a significant interest involves these biggest banks increasing pressure management turnaround the banks recent faltering performance let's talk about that hannah murphy spoke to martin arnold fte's banking editor and jonathan guthrie have lex she began by asking martin how much money the firm sherborne controlled by edward bramson had put into barclays and why we should care i can tell you what should born has disclosed which is that it has invested five hundred eighty million pounds in buckley shares and derivatives and as a result of that it says that it now owns just under two percent of barclays voting rights directly through shares held and another just over three point two percent through derivatives and as you mentioned at the result of that it's got between four point two percent of voting rights in pockets which barclays says if you go by voting rights makes it the fourth largest investor in prisons based banks behind capital group black rock and the qatar investment authority so that's how much they've spent and the reason we can't is because as you said sherborne is not a typical institution investor is well known as an activist investor and has carried out activists campaigns pushing for changes in management changes in strategy at several uk financial services groups including f and the management company and a couple of private equity groups electra and three i both were listed private equity groups three i never actually went ahead with the activists side of its mandate because the shares rose in the first few months of its ownership so it was able to book profit and sold fairly quickly without actually pushing for any changes now barclays is a much bigger kettle of fish it's market capitalism.

patrick jenkins uk buckley jonathan guthrie paypal singaporenew caroline bingham laura newnan sherborne qatar investment authority edward bramson martin lex editor hannah murphy barclays two percent five hundred eighty million po
"patrick jenkins" Discussed on FT Banking Weekly

FT Banking Weekly

01:57 min | 2 years ago

"patrick jenkins" Discussed on FT Banking Weekly

"Welcome to banking weekly from the financial times with me patrick jenkins joining me today ben mcclanahan us banking at us from new and don wineland are asia financial correspondent pulling as from indonesia will also join five brendan barber the former head of the t you see the uk trade union movement who is now the deputy chairman of the banking standards this week we'll be looking at the changing of the guard at goldman sachs ubs is ban in hong kong from the equities market i know so you efforts to professionalize banking i to goldman sachs and ben you've been writing reams overnight events the changes at the top of goldman sachs fueling expectations that the chief executive role is about to change we have had a surprise exit havi schwartz leaving dave solomon as the natural successor to lloyd blankfein tell us the full story you've been writing very colorfully by a cage fight between the two men to be the natural successor could very colorful story and i i've done it justice but yeah these two guys david solomon hobby schwartz the under twenty sixteen when gary cohn who had been the parents seed lloyd blankfein of goldman sachs he of course took off a washington onto in the cool of donald trump and so goldman clearly had succession mind by because look blankfein just shrugged off about cancer he knew how to make a clear line of succession so these guys elevated versus very similar in appearance of course famous cover of the report with blankfein them together three of them bold and suits and now it's become clear that's hobby schwartz he's taking off so david solomon is the parent is really his job now to lose and tell us a bit about what that signals in terms of goldman seach strategy because harvey shorts was.

donald trump harvey goldman lloyd blankfein chief executive uk asia ben mcclanahan patrick jenkins david solomon don wineland washington gary cohn dave solomon goldman sachs hong kong goldman sachs ubs deputy chairman brendan barber indonesia
"patrick jenkins" Discussed on FT Banking Weekly

FT Banking Weekly

01:53 min | 2 years ago

"patrick jenkins" Discussed on FT Banking Weekly

"Welcome to banking weekly from the financial times with me moths at all the of tease banking edison joining me in the studio is lower noonan our investment banking correspondent and bonnie thompson a legal correspondent while will also be hearing from patrick jenkins how financial editor and ben mckenna hand uh us banking us her first up we'll be talking about the criminal charge brought against barclays this week over its financial crisis era fundraising fromn investors in qatar secondly will be hearing an interview with the chief executive of triodos the ethically focus bank and finally we'll be hearing from bruce van soul on chief executive of citizens bank in the us so starting with barclays the serious fraud office this week filed another charge against buckley's all f financial assistance bunny what are the charges that she relate to because this two different charges that the sfo his broads against barclays and its former executives including the former chief executive jumped volley tell us about the two charges and what they relate to her case of this takes us back to the height of the financial crisis between june and november two thousand the night the markets are in turmoil and barclays turns to private investors to shore up his balance sheet and to try and avoid uk govern bailout which is what various other banks eventually turn to and it raised in two fundraising rounds several billion pounds from arranger investors including gotta holding which is part of the state's sovereign will fund and challenger universal which was the private investment vehicle of the former qatari.

legal correspondent patrick jenkins barclays qatar chief executive us buckley bonnie thompson editor ben mckenna bruce van fraud uk billion pounds
"patrick jenkins" Discussed on FT Banking Weekly

FT Banking Weekly

01:58 min | 2 years ago

"patrick jenkins" Discussed on FT Banking Weekly

"Welcome to banking weekly from the financial times with me patrick jenkins join me in the studio day is lower noonen our investment bangor correspondent and from davos we have martyn onaled out banking editor also as our guest this week we have andrey causton the chief executive of be who has been talking to mountain in davos this week we'll be discussing devils what this week's world economic forum will bring and particularly the warnings from andrey colston atbats increased conflict between russia and the west secondly we'll be taking a look at the reorganisation and other announcements from ubs alongside their full year earnings had also a catch up on the us banks fourth quarter earnings firstly though to davos where martyn is on the line you've been donning you'll maintain boots mountain trudging through the snow to bring us this dispatch doubles is this odd thing happens every year we're hearing though that the mood among the elite this year is upbeat we had the imf putting at particularly optimistic outlook on the world economy is that borne out by the people you've seen in you'll iao so there i think everyone who about the economic outlook globally very operative on the climate is good theme for quite a while even before the financial crisis however i think underlying people are warning of the risk not lee fought we over ubuntu market the fact that stock markets are reaching alltime highs wall it's from the fees record lows for bank for who committed this reminds me very much of the two thousand six environment on the crisis copy far away so you do have some naysayers but most people are pointing out fought yep things are as good as i can remember them having ever beam for the major economies with world.

patrick jenkins davos editor andrey causton chief executive russia ubs us martyn financial crisis ubuntu stock markets andrey colston imf lee
"patrick jenkins" Discussed on FT News

FT News

02:30 min | 2 years ago

"patrick jenkins" Discussed on FT News

"Support for this financial times podcast comes from our friends at rocket mortgage by quicken loans home plays a big role in your life that's why quicken loans created rocket mortgage it lets you apply simply and understand the entire mortgage process fully so you can be confident that you're getting the right mortgage for you to get started go to rocket mortgage dot com slash ft from the financial times in london i'm patrick jenkins the ftc financial editor and this is f t news well the city of london is abuzz with talk of mifid two looming european legislation that comes into effect on wednesday it might signed mysterious but it's actually very simple it's all about transparency and making city institutions that banks brokerages investment firms more transparent in the way that they operate joining me to discuss that is hanna murphy often unto reporter whose being closely monitoring this legislation it comes out of brussels of course but notwithstanding brexit we are going ahead in the u k with implementing these rules and they're pretty onerous things fair to say the pretty revolutionary for a lot of the city is that ruin ready ensure no you've got lots of individual firms said banks break his asset managers trading venues afternoon preparing for months now and you've seen huge swathes of jobs created purely to focus on mifid implementation around legal compliance risk technology but as he say this is a sprawling piece of legislation supposedly fivetimes longer than warm peace which touches on everything from trading stopped trading surveillance of conversations around deals to how analyst research has paid for and it requires us of huge it revamp to capture more data on traits than ever before also the eu markets regulator has made lots of tweets and clarifications to the rules right down to the wire a couple last month and that's even after the rules themselves were delayed by yet because players went ready so there's still not ready now regulators of made noises that may be the be slightly accommodating in some circumstances of they this sense is that sort of day one f firms have been sort of making efforts to comply that regulators will go easy there'll be a sort of period of grace but.

patrick jenkins editor reporter brussels ftc london hanna murphy analyst eu
"patrick jenkins" Discussed on FT News

FT News

01:31 min | 3 years ago

"patrick jenkins" Discussed on FT News

"Support for this financial times podcast comes from our friends at rocket mortgage by quicken loans home plays a big role in your life that's why quicken loans created rocket mortgage it lets you apply simply and understand the entire mortgage process fully so you can be confident that you're getting the right mortgage for you to get started go to rocket mortgagecomft from the financial times in london i'm patrick jenkins the ftc dimensional editon of this is f t news deutsche bank has announced the details of its flotation ovitz deutsche asset management unit well hits discussed that with me and how the plan ashley differs from expectations is low renewed an our investment bank correspondent laura you've been taking a look at exactly what is being flouted and how is everything as expected this has long been in the pipeline the idea that they're going to flows has long been in the pipeline but as is often the case with daily chad things are never quite as he why shouldn't expect expected them so they've pulled something out of left field hereby instead of doing a normal flotation listing it as a normal that company they've decided to go for a different structure which will make it a limited partnership that's called a k g a in german law and the effect of doing this is that even if deutsche a has a shareholding below seventy five percent in the new entity they will still have.

patrick jenkins deutsche bank laura ashley investment bank deutsche a seventy five percent
"patrick jenkins" Discussed on FT Banking Weekly

FT Banking Weekly

01:36 min | 3 years ago

"patrick jenkins" Discussed on FT Banking Weekly

"Welcome to banking weekly from the financial times with me patrick jenkins joining me in the studio today are eminently of retail banking correspondent jonathan food all city editon and attract amini our investment correspondent down the line from hong kong we have lower noonen our investment banking correspondent amoroso talking to david herro who is from harris associates criticis biggest investor and our guest here in london is dovey day sarah from hedge fund algebra than lent from yield we have been mclennan i'll us banking editor who's been in conversation with after the mendelssohn all lead me bank this week we'll be discussing the activist investor campaign against credit suisse the latest full light from h boss four lloyds banking group and that interview in the us with avenue mendelssohn of leumi bank by ben so let's go to office depot item on credit suisse as the financial times reported on monday evening the bank has been targeted by a swiss activist hedge fund this is just the campaign that this small hedge fund that not many people will of head of have gone after the other two haven't been in the banking sector the laura joins us now from hong kong to talk about this laura might be with spelling eggs exactly was happened here and how the proposal from this activist investor compares with credit suisse's current situation whereby figured on frontline credit paper then they fear keegan can't announced a restructuring plan for the bank and have primary faith that lead to concrete the bank more arraigned asiapacific.

david herro sarah editor hong kong laura patrick jenkins retail banking investment banking harris associates london lloyds banking group office depot keegan
"patrick jenkins" Discussed on FT News

FT News

01:39 min | 3 years ago

"patrick jenkins" Discussed on FT News

"From the financial times in london i'm patrick jenkins the if these financial edison and this is f t news un stevenson the finance director of royal bank of scotland was recently in the studio talking to us about the outlook for obvious now rbs walls the biggest banking bela of the financial crisis back in two thousand night when the government had to pump forty six billion pounds to save the institution while it's come along way since then but it's still more than seventy one percent owned by the uk government so i talked to you and stevenson about the prospects for reprivatization as well as the outlook for the uk economy we can listen to that interview now and i'm also joined by must onaled up banking editor and emma dunkley a retail banking correspondent to discuss what he had to say i started by asking you and whether his position at all bs gave him a unique insight into the uk government's planning for the macroeconomy and brexit as are not show the seventy one percent ownership gives this particular and sodden into government thinking but now we are the biggest commercial bank in the country we look at the world based on what we can see and tens of consensus economic outlook and yeah we've had a very consistent view our thank since brexit that we're planning on the basis solve low growth low inflation low writes even with some of the recent noise around possible interest rate rises by in view is we are looking at a low right environment for a long period of time coupled with the fact that i do think technology is of sort of deflationary scenario as well on top of that.

patrick jenkins finance director the outlook financial crisis stevenson commercial bank royal bank of scotland uk editor emma dunkley retail banking seventy one percent forty six billion pounds
"patrick jenkins" Discussed on FT Banking Weekly

FT Banking Weekly

01:51 min | 3 years ago

"patrick jenkins" Discussed on FT Banking Weekly

"Welcome to banking weekly from the financial times with me patrick jenkins joining me in the studio today a olaf storbeck the f tease new financial correspondent in frankfurt martin arnold up banking editor and eminently a retail banking correspondent this week we'll be looking at the latest was at deutsche bank as john cry in the chief executive comes under pressure from investors will be looking at tsb as there is a delay in the latest it project and finally hsbc mock tuka takes the reins as chairman and makes a very quick decision on a new chief executive first though to deutsche bank and lf you'll just in the seats before you flight to frankfurt you'll hear in the studio london so thanks for joining us interesting times of deutsche bank obviously they've had a pretty tough couple of years the share price is close to alltime lows so in one sense is no surprise that investors are not particularly happy they start in to speak out a little bit both in the british on the german press what do you think is at the root of their unease apart from the hsieh price was the performance of torture has been court dreadful over the last couple of years from from crime joined a fuyo the stock greedy underperformed the dark significantly extolling forty prefer unorthodox drops from team if you look at bear on performance incomes or fraternal tundra foods has improved to boot through were below order targeting forward were two three percent and for quarterback targeting term and progress in terms of cost cutting is happening but it really slow and at the same time revenue forening much fossil themba considered across seoul visitor crime to wrong foxo two cents to lecture.

martin arnold editor deutsche bank chief executive chairman patrick jenkins frankfurt retail banking john hsbc seoul two three percent
"patrick jenkins" Discussed on FT Banking Weekly

FT Banking Weekly

01:32 min | 3 years ago

"patrick jenkins" Discussed on FT Banking Weekly

"Welcome to banking weekly from the financial times with me patrick jenkins joining me in the studio today mountain onaled op banking editor and emma dunkley of retail banking correspondent joining us from new york is lower in our investment banking correspondent and her guest john brough who is head of i assess analytics this week we'll look at the transatlantic pay gap among banks ceos i look at frankfurt as it emerges as the new favorite eu financial centre and finally a warning from the bank of england over consumer debt first let's take a look at bank pay america's big banks are paying the chief executives twice as much as their european competitors according to research done for the ft the best paid c jp morgan's jamie diamond was awarded twenty eight million dollars more than six times as much as bnp paribas showing laura bona fate for running a similarly sized french bank while down the line from new york are investment banking correspondent laura noonen has been speaking about the trend with john roe head of isis analytics which crunch the numbers on pay and other topics for over one thousand seven hundred investor clients so overall what do you make of the level of co pay isn't something shareholders can live with no buying through becoming more profitable while the shareholder vote held story when we look at house shareholders of responded to say on pay votes we she fairly strong support for banks ceos around the world.

new york frankfurt america jp morgan jamie diamond bnp laura noonen patrick jenkins editor emma dunkley retail banking investment banking john brough eu bank of england john roe twenty eight million dollars
"patrick jenkins" Discussed on FT Banking Weekly

FT Banking Weekly

01:53 min | 3 years ago

"patrick jenkins" Discussed on FT Banking Weekly

"Wellconceived banking weekly from the financial times said the patrick jenkins joining me in the studio stay lottanen old all thanking at a hand caroline him of financial regulation correspondent joining us down the line is filipo lawate who's a credit analyst asked me this week we'll be looking at the acquisition by sunday all local rival popula secondly a look at the broader eurozone banks field as the santa that popula deal trials the new bailen rules and finally latest developments in the foreign exchange scandal i o to that spanish consolidation story martin we had a a kind of regulate re blessed deal in spain with sense and they're buying the troubled popula interesting obviously as will come on to talk about from the point of view of the regulatory involvement in the balingen creditors and so on but first of all let's talk about what it means from the santander point of view this is a this is the first big deal vats chairman anibal team has done in her three years as head of the bank yeah eight six it's important a deal from santander as point of view the opportunity arose as banco popula entered its what looked like a death spiral it's this bankers the six biggest in spain has a pretty strong small and mediumsize business lending operation and it's had come through the crisis popula pretty well an an and historically had a reputation for being a very conservative bank come up but lost its way in the real estate bubble in spain came in late.

patrick jenkins credit analyst martin spain chairman santander banco popula real estate bubble Wellconceived balingen three years
"patrick jenkins" Discussed on FT Banking Weekly

FT Banking Weekly

01:31 min | 3 years ago

"patrick jenkins" Discussed on FT Banking Weekly

"Welcome to banking weekly from the financial times with may patrick jenkins joining me in the studio stay is emma dunkley of retail banking correspondent and down the line we have laura noonan investment banking correspondent and sujit indep a lex columnist today we'll be looking at allied irish banks has the irish government prepares to re privatize the bank secondly a look at ages b c as it struggles to move a thousand jobs from its london headquarters to birmingham and finally emina fees do big banks or boutiques make the real money i though to allied irish banks and laura joins me down the line actually from madrid but to talk about the irish banking situation is a bit of a moment laura this a bank that was totally nationalized seven years ago things twenty one billion euros bailout and the government now is preparing to i p o a quarter the bank is that right or are we certainly come a long way for live in twenty can it's the biggest of any of the surviving our banks anglo irish bank of course took more but i endorse bank died the eib was the biggest casualty of what's left in the irish banking sector the bailout of its buying health for the our sovereign to an overall data from the eu and the international monetary fund so to be able to go in iowa and actually choice to sell some of the bank onto private investor it is a very big deal for the country and a very big deal for the bank itself.

emma dunkley allied irish banks irish government birmingham eu iowa patrick jenkins retail banking laura noonan investment banking lex london madrid international monetary seven years