Qatari money for Deutsche rights issue, Credit Suisse close to tax avoidance plea and new standards council for UK banks

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

Hosted on Acast. See acast.com/privacy for more information.

More from FT Banking Weekly

  1. 21:27Behind the Money: Missing out on the US small business rescueApr 28, 2020
  2. 20:27Behind the Money: Running a small business during a global pandemicApr 14, 2020
  3. 18:51Behind the Money: Ford, GM and the corporate dash for cashMar 31, 2020
  4. 28:42Introducing Behind the Money: Barclays and the legal fight over a 'controlling mind'Mar 17, 2020
  5. 20:55Coronavirus and the new oil price warMar 10, 2020
  6. 19:56Coronavirus contingency planningMar 03, 2020
  7. 17:52European banks' game of thronesFeb 25, 2020
  8. 23:13HSBC shrinks in the US and EuropeFeb 18, 2020
  9. 22:42Britain's Brexit gambit, Thiam ousterFeb 11, 2020
  10. 19:36Goldman's tech tie-ups, DBank's turnaround and bankers' misconductFeb 04, 2020