Banking Weekly

Patrick Jenkins is joined by Sam Fleming to discuss whether world leaders will be able to agree measures to solve the problem of "too big to fail" banks when the G20 meets later this year in Brisbane. Martin Arnold has news of US banks' second quarter results, where the footnote du jour is that profits took a hit as regulators imposed fines for various misdemeanours. Finally, Sam joins Daniel Schäfer to discuss the latest from the foreign exchange scandal, where the UK's Serious Fraud Office brings the total to more than 15 authorities looking into the manipulation of rates, with the news that it may launch a criminal investigation.

With the new Competition and Markets Authority expected to beguin an investigation into the competitiveness of Britain's retail banking sector, Richard Lloyd, executive director of consumer body Which?, joins Patrick Jenkins to discuss the areas that warrant attention. Also on the show, the FT banking team reports the latest development in the Forex scandal as the Department of Justice offers junior traders immunity deals, and looks developments in Portugal, where the troubles of Banco Espírito Santo are mounting and causing ructions around the peripheral eurozone.

Citi banks analyst Ronit Ghose joins the banking team to discuss the "investability" of European banks in light of the recent fine on BNP Paribas. Also on the show: How UK banks have been scaring customers unnecessarily with legal letters, and how western banks operating in Iraq have reacted to the advance of Isis. Patrick Jenkins is joined by Martin Arnold, banking editor and Sharlene Goff, retail banking correspondent.

Patrick Jenkins is joined by Martin Arnold, banking editor, for news on BNP Paribas, which has agreed to a fine of 8.9bn for dodgy dollar dealing. The French bank also has six months to prepare for a 12 month ban on dollar trading. Also on the agenda this week, Sam Fleming discusses the latest report from the Bank of International Settlements, and Sharlene Goff has news of more woes for Wonga, who must pay out millions in compensation to customers after chasing debt using fake law firms.

The banking team look TSB, Britain's seventh-biggest lender, as it floats on the London Stock Exchange, further reforms in foreign exchange trading as big banks move to automate processes to save money and miminise the risk of market manipulation and then that the brewing scandal at Banco Espirito Santo, Portugal's biggest bank, over the management of the group by the dynasty that has controlled it for decades. Martin Arnold, banking editor; Sharlene Goff, retail banking correspondent; Daniel Schäfer, investment banking correspondent; and Peter Wise, Portugal correspondent, join Patrick Jenkins on the show.

Patrick Jenkins is joined on the line by Jamil Anderlini, Beijing bureau chief, for news of the Chinese shadow banking sector, marking the start of a week-long FT series on shadow banking across the globe. Daniel Schäfer looks at credit default swaps, which have dropped in price and are proving more attractive than pricier government bonds. Finally, Martin Arnold has news from the UK payday lending sector, where Wonga's founder-chairman is departing and high street banks are considering entering the market

Patrick Jenkins is joined by Sam Fleming for news of the Bank of England's latest systemic risk report. The results showed growing concerns among bankers over geopolitcs but confidence in dealing with any forthcoming property crash. Martin Arnold has the latest on Lloyds' flotation of TSB, where a subdued market is pushing the expected price down to around 15 per cent below book value. Finally, Martin and Michael Stothard, Paris correspondent, have an update on BNP Paribas, where Francois Hollande's appeals to Barack Obama fell on deaf ears, meaning the bank remains on course for a record fine

How the European Central Bank's monetary loosening policy might affect the continent's banking sector, the increasing competition for UK retail depositors' money from new challengers ahead of their IPOs, and the growing political outrage in France over a $10bn fine imposed on BNP Paribas by US regulators. Sam Fleming, financial policy correspondent, Sharlene Goff, retail banking correspondent and Michael Stothard, Paris correspondent, join Martin Arnold.

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

Martin Arnold is joined by Daniel Schäfer for the latest at Barclays, which has shifted £400bn of assets out of its investment arm, and has come under scrutiny from the UK Serious Fraud Office over a 2008 cash call that saw Qatari investors paid fees equivalent to more than 7 per cent of the capital invested. Sharlene Goff takes a look at Standard Chartered, whose protest vote last week over pay proposals was the biggest of its kind this year. Finally, Sam Fleming has news that banks are bracing for a new fight over capital requirements as the Basel Committee moves to tighten regulations on risks linked to interest rate shocks

This week, Patrick Jenkins and the banking team discuss the vexed issue of pay at RBS and Barclays, as RBS has its bonuses blocked at twice the level of salary by George Osborne, and Barclays gets criticised by angry shareholders at a recent AGM. Daniel Schäfer, investment banking correspondent, discusses Deutsche Bank’s long-rumoured capital shortfall and predicts how the bank might react in future. Finally, Sharlene Goff, retail banking correspondent looks forward to the release of the first report into what happened at the Co-operative Bank in the years leading up to the exposure of a huge £1.5bn capital hole in the bank’s balance sheet.

This week, Patrick Jenkins and the banking team discuss the vexed issue of pay at RBS and Barclays, as RBS has its bonuses blocked at twice the level of salary by George Osborne, and Barclays gets criticised by angry shareholders at a recent AGM. Daniel Schäfer, investment banking correspondent, discusses Deutsche Bank’s long-rumoured capital shortfall and predicts how the bank might react in future. Finally, Sharlene Goff, retail banking correspondent looks forward to the release of the first report into what happened at the Co-operative Bank in the years leading up to the exposure of a huge £1.5bn capital hole in the bank’s balance sheet.

Martin Arnold is joined by Sally Davies, technology reporter, to discuss Facebook's interest in financial services, as the social media giant outlines plans to provide remittances and electronic money. Daniel Schäfer explores the different ways in which banks are getting around new bonus cap regulations, and Sharlene Goff has the latest on the Co-operative Bank, where a shortage of funds at the Co-op Group may trigger a number of clauses agreed between the two

Martin Arnold is joined from Hong Kong by Henny Sender, chief international finance correspondent, for an inside look at BlackRock, where plans for Larry Fink's succession are picking up speed. Sam Fleming has news that the Financial Stability Board is considering putting asset managers under closer scrutiny, treating them as Global Systemically Important Financial Institutions, a classification currently reserved for big banks and insurers. Finally, Dan Schäfer looks ahead to Q1 results for the big US and European banks, with JPMorgan among several big names expected to see falls in fixed income trading revenues

Patrick Jenkins is joined by Martin Arnold for the fallout from US stress tests, where CitiGroup failed qualitative elements of the tests, putting CEO Michael Corbat under increased pressure. Six foreign-owned US banks also failed some elements, including Santander, HSBC and RBS. Sam Fleming has news of the Financial Conduct Authority, which has come in for criticism after comments about life insurers saw shares for some firms fall 20 per cent before a hasty clarification settled the markets. Simon Gleeson, a partner at Clifford Chance, joins on the line to add his thoughts on an increasingly hands-on FCA. Finally, Sam and Martin weigh in on personnel movements at UK state-owned banks, with Lloyds chairman Sir Win Bischoff stepping down and Ewen Stevenson taking over as finance chief at RBS