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Saudi central bank’s foreign assets fall by most in two decades

Kingdom battles to protect economy in face of oil rout and fallout from pandemic




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Lebanon gripped by prime minister’s feud with bank governor

International financial support at risk as leading figures fight over economic crisis




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Hertz avoids bankruptcy with last-minute deal

US car rental group backed by billionaire Carl Icahn extends crucial payment deadline




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Bang on a Can Marathon — six hours of music from the boundary-breaking group

The annual parade of work by living composers went online, performed from living rooms




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Lucian Ban: Transylvanian Folk Songs — The Béla Bartók Field Recordings

Jazz, folk and classical influences merge as the pianist revisits traditional music collected by the Hungarian composer




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Mayor abandons London fares freeze as virus hits TfL finances

Move comes after Moody’s predicts £400m blow to transport network’s income




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UBS's 'Swinegate', Deutsche's bad bank and Facebook's digital currency

Patrick Jenkins and guests discuss UBS's cultural faux pas in China, Deutsche Bank's plan to set up a 'bad bank' and Facebook's bid to shake up the payments world. With special guest Jan Kvarnström, bank restructuring expert.  


Contributors: Patrick Jenkins, financial editor, Don Weinland, Beijing financial correspondent, Stephen Morris, European banking correspondent, Nick Megaw, retail banking correspondent, Caroline Binham, financial regulation correspondent and Elaine Moore, deputy head of Lex. Producer: Fiona Symon

 

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Lloyds' offshore banking problem, Facebook's Libra and US stress tests

Patrick Jenkins and guests discuss Lloyds Bank and its offshore banking problems, the latest on the regulatory tests facing Facebook's Libra initiative, and how banks have fared in this year's US Fed stress tests.


Contributors: Patrick Jenkins, financial editor, Nick Megaw, retail banking correspondent, Hannah Murphy, technology correspondent, and Kiran Stacey, US regulatory correspondent. Producer: Fiona Symon


 

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Deutsche Bank overhaul, Orcel's Santander lawsuit and Dublin's banking ambitions

Patrick Jenkins and guests discuss Deutsche Bank's radical overhaul, Andrea Orcel's lawsuit against Santander and Ireland's plans to expand Dublin as a financial centre. With special guest Michael D'Arcy, Irish financial services minister.


Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Olaf Storbeck, Frankfurt financial correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon

 

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RBS succession, Goldman's consumer arm and Ukraine's PrivatBank

Patrick Jenkins and guests discuss a surprise candidate to succeed Ross McEwan as head of Royal Bank of Scotland, Goldman Sachs's nascent Marcus brand and Igor Kolomoisky's bid to reverse the nationalisation of Ukraine's PrivatBank. With special guest Harit Talwar of Goldman Sachs.


Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, and Max Seddon, Moscow correspondent. Producer: Fiona Symon

 

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Deutsche Bank overhaul, challenger banks and Citigroup

Patrick Jenkins and guests discuss how the overhaul at Deutsche Bank is going, catch up with the challenges facing challenger banks and look at why Citigroup is coming under pressure to restructure. With special guest Mark Mullen, chief executive of Atom Bank


Contributors: Patrick Jenkins, financial editor, Stephen Morris, European banking correspondent, David Crow, banking editor, Nick Megaw, retail banking correspondent, and Laura Noonan, US banking editor. Producers: Andrew Georgiades and Fiona Symon

 

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UK mortgage market, Indian banks and UBS leadership

Patrick Jenkins and guests discuss the outlook for the UK mortgage market, the reform of India's state-owned banks and leadership changes at UBS. With special guest Darren Cook, Mortgage Analytics Manager at Moneyfacts.


Contributors: Patrick Jenkins, financial editor, Nicholas Megaw, retail banking correspondent, Benjamin Parkin, Mumbai correspondent, Alice Ross, wealth correspondent, and Stephen Morris, European banking correspondent. Producer: Fiona Symon

 

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Facebook's Libra, UK digital banks and JPMorgan metals traders charged

Patrick Jenkins and guests discuss Facebook's recent talks with the world's central bankers on its plans for a digital currency, whether the UK's challenger banks can maintain their astonishing rate of expansion, and a potential scandal at JPMorgan as three of its metals traders are charged with market manipulation. With special guest Tom Merry, managing director at Accenture Strategy.


All FT stories will be free to read on Wednesday September 18th when there will be a paywall freeze. Here are some recommendations to get you started:

ECB prepared to cut rates again, says its chief economist

Swedbank admits to money-laundering failings

https://www.ft.com/content/c65b32d8-d648-11e9-a0bd-ab8ec6435630


Contributors: Patrick Jenkins, financial editor, Mehreen Khan, Brussels correspondent, Nicholas Megaw, retail banking correspondent, and Henry Sanderson, commodities correspondent. Producer: Fiona Symon

 

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HSBC job cuts, US bank results and Metro Bank chairman departs

Patrick Jenkins and guests discuss HSBC's cost-cutting drive, what to expect from next week's US bank results, and the departure of Vernon Hill from Metro Bank. With special guest Jordi Gual, chairman of Spain's CaixaBank


Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Laura Noonan, US banking editor, and Nicholas Megaw, retail banking correspondent. Producer: Fiona Symon

 

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Payment fraud, DBank leadership and JPMorgan loans

Patrick Jenkins and guests discuss push-payment fraud in the UK and who should compensate the victims, why Deutsche Bank is coming under pressure from investors to appoint a new investment banking chief, and why JPMorgan Chase in the US has been selling off loans from its balance sheet. With special guests: Stephen Jones, chief executive of the banking association UK Finance and Rushanara Ali, Labour MP and member of the UK Treasury Select Committee.


Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, Stephen Morris, European banking correspondent, and Robert Armstrong, US financial editor. Producer: Fiona Symon

 

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Germany moves to unblock eurozone banking union

Patrick Jenkins and guests discuss Germany's concession that could unblock progress towards a eurozone banking union, investor moves against Deutsche Bank chairman Paul Achkleitner, and what's behind the recent spate of personnel changes in investment banking. With special guest Lorenzo Bini Smaghi, chairman of Société Générale.


Contributors: Patrick Jenkins, financial editor, Martin Arnold, Frankfurt bureau chief, Olaf Storbeck, Frankfurt correspondent, Jonathan Guthrie, Lex editor, David Crow, banking editor, and Laura Noonan, US banking editor. Producer: Fiona Symon

 

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Google eyes Citigroup for new banking venture

Patrick Jenkins and guests discuss Google's move towards banking that could see it team up with Citigroup, why Australia's big four are facing difficult times and what's in the report on TSB's software failure last year. With special guest Masha Cilliers, Specialist Payments Partner at Be.


Contributors: Patrick Jenkins, financial editor, Tim Bradshaw, global tech correspondent, Robert Armstrong, chief editorial writer, Jamie Smyth, Australia correspondent and Nicholas Megaw, retail banking correspondent. Producers: Persis Love and Aimee Keane.

 

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Outlook for German banks

Patrick Jenkins and guests discuss the health of German banks in the wake of bearish comments from Moody's and the Bundesbank, Unicredit's potential share buyback and why European banks appear to be retrenching in the US. With special guest Magdalena Stoklosa head of European banks research at Morgan Stanley.


Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Olaf Storbeck, Frankfurt correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon

 

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Risks mount in European banks, EBA warns

Patrick Jenkins and guests discuss the EBA report on mounting risk in the European banking system, Goldman Sachs’ first ever investment day and why the pensions of UK banking CEOs are being cut. With special guest Mario Quagliariello, director of economic analysis at the European Banking Authority.


Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, Stephen Morris, European banking correspondent, Nick Megaw, retail banking correspondent and Laura Noonan, US banking editor. Producer: Persis Love

 

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Bank capital rules, peer-to-peer lenders and Goldman for the masses

Patrick Jenkins and guests discuss whether regulators are easing up on bank capital rules, tough times for UK peer-to-peer lenders, and why Goldman Sachs is planning to bring wealth management to the masses. With special guest Harald Benink, professor of banking and finance at Tilburg University in the Netherlands.


Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Nicholas Megaw, retail banking correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon

 

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Davos News, Bank of America outlook and JPMorgan's shift towards Paris

Patrick Jenkins and guests discuss the latest from the World Economic Forum in Davos, the outlook for Bank of America, and JPMorgan Chase's decision to buy a second office in Paris. With special guest Brian Moynihan, chief executive of Bank of America. 


Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Laura Noonan, US banking editor, and Stephen Morris, European banking correspondent. Producer: Fiona Symon

 

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Goldman's tech tie-ups, DBank's turnaround and bankers' misconduct

Matthew Vincent and colleagues discuss Goldman Sachs and Amazon - another big tech tie-up for the Wall Street name, Deutsche Bank's profit targets, and what a case of stealing from a workplace canteen tells us about the current climate for ethics and compliance in banking. With special guest Russell Quelch of Redburn, the equity research house.


Contributors: Matthew Vincent, regulation correspondent, Stephen Morris, European banking correspondent, Robert Smith, capital markets correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon

 

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European banks' game of thrones

Matthew Vincent and colleagues discuss the hunt for new chief executives among Europe's top banks and JPMorgan's plans to launch a digital bank in the UK. With special guest Sir Mike Rake, former CBI president, and former deputy chairman of Barclays.


Contributors: Matthew Vincent, regulation correspondent, David Crow, banking editor, Stephen Morris, European banking editor, and Nicholas Megaw, retail banking correspondent. Producer: Fiona Symon

 

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Trump bans green card applications for 60 days

US president assessing need for further moves to reduce immigration




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A Banksy in the boardroom: Peter Aspden on corporate collections

Businesses like buying contemporary art to show off their forward-thinking and investment savvy. Fair enough – but it still sits oddly with artists’ desire to provoke and subvert  


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Outrage sells: Peter Aspden on Banksy and Bond Street

As Sotheby’s prepares for a selling exhibition of the street artist’s work the FT’s arts writer reflects on shock culture – and the art market’s appetite for it.  


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Flux and the city: Peter Aspden on urban art

The received wisdom is that contemporary art is just what a regenerating city needs, a stimulant for minds and economies alike. But are the wilfully puzzling tropes of the avant-garde really what the public wants?  


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'Facebank', financial scams and shareholder rights

Facebook plans to shake up the finance world with a new digital currency called Libra - we hear about its pros and cons. Next up, we discover what Moll Flanders, the literary anti-heroine, can tell us about modern day bank fraud. And finally we find out how smaller shareholders can stand up for their rights. 

 

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Do you have a joint bank account with your partner?

As research shows modern couples are more likely to keep their finances separate, presenter Claer Barrett and guests debate how women in particular are managing their money. Plus, ahead of the new university term we reveal finance tips for students and their parents, and ask what could emerge as the next consumer misselling scandal after PPI.

 

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Financial Room 101 - what would you most like to banish?

What are the biggest barriers to managing our money? Special guests Martin Wolf, Bobby Seagull and Justin Urquhart Stewart tell presenter Claer Barrett what they would banish to ‘Room 101’ to improve the nation’s finances. This week's podcast comes to you from the FT Money tent at the FT Weekend Festival at Kenwood House. 

 

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South Africa’s central bank slashes rates to post-apartheid low

Reduction is second in under a month as country braces for an extended coronavirus lockdown




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Default at South Africa’s Land Bank increases pressure on Ramaphosa

Century-old agriculture lender is latest state group in need of government support




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Cineworld joins AMC in banning films from Universal Studios

Second largest cinema chain sides with rival in spat over movie release




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Comcast rides broadband wave during lockdown

US cable company enjoys rising demand for high-speed internet but movie business suffers




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Ken Clarke: ‘Do we carry on with crash, bang, wallop nationalism?’

The Tory grandee on Thatcher, Johnson — and how centrist complacency fuelled Brexit




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SoftBank warns of $9.6bn investment losses due to coronavirus

Pandemic puts more pressure on Masayoshi Son’s bet on beleaguered WeWork




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Neumann accuses SoftBank of abuse of power over WeWork deal

Office group founder files lawsuit over largest investor’s decision to pull out of $3bn tender offer




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Dark Towers — an exposé of banking gone bad

David Enrich’s salutary tale of Deutsche Bank’s overreaching ambitions




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Argentina’s central bank chief warns on market outlook

Guido Sandleris says it is ‘too soon’ to declare that stability has returned to peso




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Central banks prop up fund industry with $100bn injection

Fitch says scale of support points to the systemic importance of $55tn asset management market




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Bleak outlook for bankers as trading jobs slashed

Falling interest rates, weak trading volumes and automation have led to an exceptionally brutal summer for global investment banks, which have shed tens of thousands of jobs, particularly on trading desks. Stephen Morris, European banking correspondent, discusses the bleak outlook for bankers with Robert Armstrong, US financial editor.


Contributors: Stephen Morris, European banking correspondent, and Robert Armstrong, US financial editor. Producer: Fiona Symon

 

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Bank of Canada names Tiff Macklem as its next chief

Former deputy set to take over as country faces sharpest economic contraction in decades




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Lockdown eases, central banks, oil, pharma and tech earnings

Start every week on the front foot with a preview of what’s on the global agenda




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Johnson revives onshore wind farms after 4-year ban

Policy reversal follows Cameron vow to rid UK of ‘unsightly’ structures




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Failed M&A: band of hope

Buyers who get cold feet tend to have the advantage but jilted targets can still extract value




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United Airlines abandons $2.25bn bond offering

Investors demanded too high a price to lend to US carrier reeling from coronavirus shutdown




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Swiss central bank suffers record loss in market rout

First-quarter volatility deals $39bn blow to SNB as it steps up fight for Swiss franc




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Will the Bank of England announce more QE?

Market Questions is the FT’s guide to the week ahead




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Swiss National Bank’s swollen balance-sheet poses risk to ‘credibility’

Analysts fear unintended consequences of central bank’s vast foreign-currency holdings




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Turkey bans FX trades with UBS, Citi and BNP as lira hits record low

Ankara’s banking regulator acts after currency slides below level reached in 2018 crisis