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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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Introducing Behind the Money: Barclays and the legal fight over a 'controlling mind'

Behind the Money is a podcast from the Financial Times that takes listeners inside the business and financial stories of the moment with reporting from FT journalists around the world. You can find Behind the Money wherever you get your podcasts, including FT.com/behindthemoney.


A costly investigation into the conduct of senior Barclays bankers during the 2008 financial crisis has raised questions about what it means to prosecute allegations of corporate crime, and whether Britain’s fraud laws need overhauling. The FT's Caroline Binham and Jane Croft report.

 

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Behind the Money: Running a small business during a global pandemic

Behind the Money is a podcast from the Financial Times that takes listeners inside the business and financial stories of the moment, with reporting from FT journalists around the world. You can find Behind the Money wherever you get your podcasts, including FT.com/behindthemoney.


Mauren Pereira's drapery business was on track for its most financially successful year to date. That was until the coronavirus outbreak reached Virginia. Behind the Money reports on how one small business owner is navigating the current economic crisis. With Brendan Greeley, US economics editor for the Financial Times. 

 

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Behind the Money: Missing out on the US small business rescue

Behind the Money is a podcast from the Financial Times that takes listeners inside the business and financial stories of the moment, with reporting from FT journalists around the world. You can find Behind the Money wherever you get your podcasts, including FT.com/behindthemoney.


The Trump administration’s small business bailout programme has been plagued by problems from the start, with complaints that large companies crowded out the kinds of small enterprises and independent contractors it was designed to help. With a fresh round of funding on offer from Washington, we hear from several business owners trying to get their share, as well as the FT’s Laura Noonan who has been reporting on the programme since it launched. 

 

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Expats in Dubai call for cut in their children’s school fees

Struggling parents demand help as work dries up due to coronavirus crisis




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Yemen ceasefire announced by Saudi-led coalition

Move in response to UN call to focus on preventing Covid-19 outbreak in war-torn country




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Netanyahu strikes deal with Gantz to head unity government

Israeli leader returns for fifth term as prime minister as head of emergency coalition 




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How Israel’s Netanyahu secured his political survival

Shock unity deal with rival Benny Gantz delivers prime minister a record fifth term




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Iran’s borders reopen as government seeks to revive regional trade

Islamic republic eases coronavirus restrictions in effort to boost struggling economy




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UAE risks inclusion on financial watch list over money laundering

Financial Action Task Force said Gulf state not doing enough to stem dirty financial flows




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Egyptian opposition calls for probe into death of film-maker

Shady Habash died in prison aged 22 and had been held without trial for two years




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Abdullah al-Hamid, Saudi reformer, 1951-2020

An activist who dug his own course in pursuit of reform




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Mary Portas: The cull of retail businesses spells the end for mediocre malls

Too many big brands have been coasting for too long




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The #stayhome essential grooming guide

Men — Resist the clippers with these eight hair savers




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The pitfalls of dressing for ‘virtual parliament’

The suits, the soft furnishings: a revealing glimpse of our MPs’ style choices




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All about Yves: a new book charts Saint Laurent’s iconic looks

‘The Impossible Collection’ offers a 9.5kg overview of the designer’s whole career




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Clothes . . . and other things that matter by Alexandra Shulman

Those who have struggled to ‘dress the part’ will find respite in the former Vogue editor’s essays




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Trump’s support rallies around his flag in the Midwest

Republicans continue to give the US president high marks for his handling of coronavirus




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Trump demands Harvard returns federal aid funds

Elite university comes under fire for taking $9m in assistance while having a huge endowment




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Can Congress save US small businesses? FT reporters answer your questions

Laura Noonan and Lauren Fedor respond to your queries on the state of SBA rescue funds




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Precarity, not inequality is what ails the 99%

Our predicament is that wealth has become the only apparent source of safety




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How coronavirus broke America’s healthcare system

The US spends $3.6tn a year on health. Why does the pandemic threaten so many of its hospitals?




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US House passes 2-year budget deal despite Republican opposition

Agreement raises spending by $320bn but has limited offsetting budget cuts




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Global coronavirus death toll could be 60% higher than reported

Mortality statistics show 122,000 deaths in excess of normal levels across 14 countries analysed by the FT




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How a Wuhan lab became embroiled in a global coronavirus blame game

Donald Trump’s claims that the Wuhan Institute of Virology was source of outbreak belie scientific evidence




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Coronavirus economic tracker: latest global fallout

Pandemic is causing the biggest disruption in decades to economies across the world




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Why the US-China trade deal is now at risk of falling apart

Many in Washington say Trump’s mini-deal with Beijing was a vehicle for political boasts




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Jan Dalley interviews Sir Nicholas Serota

Arbus in Aberdeen, Long in Lakeland - Tate director Sir Nicholas Serota talks to FT arts editor Jan Dalley about next year’s Artist Rooms programme of touring exhibitions. In its past two years, the scheme has drawn tens of thousands of visitors in towns throughout the UK to shows by Beuys, Ruscha, Woodman, Hirst and others – but how easily can the model be replicated elsewhere? Jan Dalley interviews Sir Nicholas Serota in his office at Tate.  


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Jan Dalley and Peter Aspden discuss A History of the World in 100 Objects

As the final object is revealed, FT arts editor Jan Dalley talks to Peter Aspden about the significance of the BBC Radio 4 series 'A History of the World in 100 Objects' presented by Neil MacGregor, director of the British Museum.  


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Chekhov on the small screen

How best to celebrate Chekhov's 150th anniversary? Sky Arts 2 have chosen to mark the occasion with "chekhov: comedy shorts" - four one-act plays transposed to the small screen, with a cast of well-known comedians including Johnny Vegas and Steve Coogan. But do they make good television? In this week's arts podcast, Neville Hawcock, the FT's deputy arts editor, talks to the paper's theatre critic, Sarah Hemming, and television columnist, John Lloyd, about the venture.  


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Classical ballet and contemporary dance

As the Royal Ballet rehearses Christopher Wheeldon's 'Alice in Wonderland', its first new full-length ballet in 15 years, Peter Aspden talks to Royal Ballet principal Tamara Rojo, Sadler’s Wells artistic director Alistair Spalding and FT critic Clement Crisp. Does 'Alice' represent a return to traditional values? Are ballet companies doing enough to encourage new work? And, what is the relationship between classical ballet and contemporary work? Produced by Griselda Murray Brown  


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Sky Atlantic, Boardwalk Empire and the state of TV drama

The launch of Sky Atlantic on February 1 – the result of Sky's exclusive five-year deal with HBO - raises questions about British and American television drama. Is the US - with cult series like The Sopranos, Mad Men and now Boardwalk Empire - enjoying a Golden Age of TV drama? What about Britain? Has its Golden Age been and gone? Jan Dalley, FT arts editor, is joined by Mark Duguid, senior curator of the British Film Institute National Archive, Huw Kennair-Jones, Sky1’s commissioning editor for drama, and John Lloyd, the FT’s television columnist. Produced by Griselda Murray Brown  


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Musicals: serious art or just plain silly?

There are a lot of musicals moving into London's West End right now – including "Shoes", "Million Dollar Quartet", "Betty Blue Eyes" and "The 25th Annual Putnam County Spelling Bee" - and rumbling in the background is the hoo-ha in New York over "Spiderman". What is the enduring appeal of the musical? Is it more diverse than its critics imagine? And, are musicals a good thing for the theatrical landscape? Jan Dalley talks to Jamie Lloyd, director of the Donmar's "Spelling Bee", and FT theatre critics Ian Shuttleworth and Sarah Hemming. Produced by Griselda Murray Brown  


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Venice Biennale preview

Established in 1895, the Venice Biennale has been called anachronistic - with its focus on separate national pavilions despite the international nature of today's art market. Is it an outdated model? If so, why are more countries than ever taking part this year? It is a series of exhibitions not an art fair - yet Venice has long been a centre of trade. Just how commercial is its Biennale? Jan Dalley puts these questions to Jackie Wullschlager and Peter Aspden, and picks some highlights ahead of the 54th Venice Biennale. Produced by Griselda Murray Brown  


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Venice Biennale preview

Established in 1895, the Venice Biennale has been called anachronistic - with its focus on separate national pavilions despite the international nature of today's art market. Is it an outdated model? If so, why are more countries than ever taking part this year? It is a series of exhibitions not an art fair - yet Venice has long been a centre of trade. Just how commercial is its Biennale? Jan Dalley puts these questions to Jackie Wullschlager and Peter Aspden, and picks some highlights ahead of the 54th Venice Biennale. Produced by Griselda Murray Brown  


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Pop festivals, retromania and the iCloud

What's happening in the world of pop? FT critics Ludovic Hunter-Tilney and Richard Clayton join Neville Hawcock in the studio to look forward to this summer's pop festivals - and to ask whether pop itself has become too backward-looking, as Simon Reynolds argues in his new book Retromania. Are we really addicted to the past? And are YouTube and now the Apple iCloud part of this trend? Produced by Griselda Murray Brown  


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Terrence Malick's The Tree of Life

It premiered at Cannes to cheers and boos, and went on to win the Palm D’Or. Some called it a masterpiece; others dismissed it as overblown nonsense. But what’s so divisive about Terrence Malick’s ambitious new film? It’s a coming-of-age story set in 1950s Texas but it also has long sequences that explore the natural world and the origins of the universe. Does it work? And is its strong religious strain likely to turn off non-believers? Raphael Abraham is joined in the studio by Nick James, editor of Sight & Sound magazine, Peter Aspden, FT arts writer, and Leo Robson, film critic. Produced by Griselda Murray Brown  


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Edinburgh Festival 2011 Preview

The Edinburgh Festival – the world’s largest arts festival – is really a collection of different festivals that take place across the Scottish capital every year throughout the month of August. There is the stately International Festival and the so-called “Fringe” festival – a more unruly, sprawling affair with a reputation for experimental theatre and bawdy stand-up. There’s also an acclaimed Book Festival, as well as an Art Festival and even a Festival of Spirituality and Peace. Jan Dalley, FT arts editor, turns her attention to the Edinburgh’s theatrical offerings. She is joined in the studio by Ian Shuttleworth, FT theatre critic, and Matt Trueman, theatre blogger and critic for Time Out. Produced by Griselda Murray Brown  


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Ken Loach on political filmmaking

On the occasion of his British Film Institute retrospective, Ken Loach, the acclaimed director of films such as Kes, Land and Freedom and the Cannes Palme d’Or winning The Wind that Shakes the Barley, talks about the state of political filmmaking. He is in the studio with Raphael Abraham, Peter Aspden and Lucian Robinson. Produced by Griselda Murray Brown  


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Margin Call and the financial thriller

Margin Call, the latest in a line of films on the crash of 2008, depicts a Wall Street investment bank’s last ditch attempts to save itself from impending disaster. Written and directed by first time feature director J.C.Chandor – and starring Kevin Spacey, Demi Moore and Jeremy Irons – The New Yorker called it “the best Wall Street movie ever made”. It’s been marketed as a thriller – but how do you create excitement when the action consists of men in suits peering at computer screens and talking on Blackberries? Does Margin Call have anything new to say on the much-debated causes of the collapse? Andrew Hill, FT management editor, puts these questions to Alex Preston, ex-City trader and author of This Bleeding City; Peter Aspden, FT arts writer; and Leo Robson, film and television critic. Produced by Griselda Murray Brown  


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'Mile 54' by Amy Waldman

Author Amy Waldman reads her short story set in Afghanistan 'Mile 54', commissioned by the Financial Times for the new year.  


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Woody Allen redux?

The British Film Institute has just launched a season of Woody Allen comedies, ranging from his knockabout beginnings to the recent Midnight in Paris, his biggest commercial success to date. Like Match Point (2005) and Vicky Christina Barcelona (2008), Midnight in Paris was hailed as a “return to form” by some – but has he really still got it? How does his recent output compare to the earlier films? And do those classics still resonate today? Raphael Abraham is joined in the studio by Geoff Andrew, Head of Film Program at the BFI, Peter Aspden, FT arts writer and Nigel Andrews, FT film critic. Produced by Griselda Murray Brown  


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How contemporary classical music got cool

Ever been to a classical club night or an opera in a warehouse? This week on the arts podcast Jan Dalley talks to her guests about how people consume classical music today. She is joined by Gabriel Prokofiev, composer, DJ and grandson of the Russian composer Sergei; Frederic Wake-Walker, artistic director of pioneering company The Opera Group; and FT writer Laura Battle. With clips from Gabriel Prokofiev's 'Concerto for Turntables and Orchestra', and Elena Langer's 'The Lion's Face', commissioned performed by The Opera Group. Produced by Griselda Murray Brown  


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Rappers and reality: has hip hop lost touch with its roots?

Hip hop may have started in the Bronx, but today’s rappers are millionaires with business empires that extend way beyond music. Ahead of Jay Z and Kanye West's European tour of their joint album Watch The Throne, Raphael Abraham talks to FT critics Ludovic Hunter-Tilney and Richard Clayton about the evolution and future of rap. With clips from The Sugarhill Gang, Jay Z and Kanye West, Evidence and DJ Shadow. Produced by Griselda Murray Brown  


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What's the legacy of the Cultural Olympiad?

The Cultural Olympiad spans four years and encompasses more than 500 events – culminating with the current London 2012 Festival. This unprecedented artistic marathon has cost a reported £97m – but is it worth it? Jan Dalley puts this question to Sarah Weir of the Legacy List, a post-Olympic charity for arts, culture, education and skills; William Sieghart, founder of the National Poetry Day and of Winning Words, a national project to incorporate poetry in the games; and Peter Aspden, FT arts writer. Produced by Nicholas Spencer  


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Real to reel

Documentary films are breaking UK box office records and are, arguably, having more success than ever before. As "The Queen of Versailles", one of the hits of this year's Sundance Film Festival, heads for UK cinemas, Raphael Abraham discusses the new appetite for reality with critics Nigel Andrews and Leslie Felperin  


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All's fair

London will host seven international art fairs during October, including Frieze London and Frieze Masters, and there will be three more in European cities. FT Arts editor Jan Dalley, dealer and gallerist Thomas Dane, FT Collecting columnist Georgina Adam and Stephanie Dieckvoss, director of Art 13, a new event launching in March 2013, discuss the global appetite for this kind of showcase and the dangers of “fairtigue”  


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Peter Aspden on Philip Glass's Walt Disney opera

Based on a novel by Peter Stephan Jungk, 'The Perfect American' is the story of one of the 20th century's biggest entertainment moguls. The FT's arts writer gives his verdict on the work's premiere at the Teatro Real, Madrid.  


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Pop artist: Peter Aspden on Dinos Chapman’s first album

With his brother Jake, the British artist has tackled some of modernity’s grisliest themes. The FT’s arts writer finds out why he’s now trying his hand at music  


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Emir-art: Peter Aspden reports from the Sharjah Biennial

The emirate’s contemporary arts event considers some thorny regional issues in a deceptively laid-back way, says the FT’s arts writer  


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