In this week’s FT Money show, presenter Claer Barrett and guests discuss student loans, leasehold properties, and how to talk to your children about your wealth.

 

Patrick Jenkins and Martin Arnold discuss US authorities’ allegation that current and former HSBC employees cheated clients on a foreign exchange deal, and look at how Luxembourg is pitching to win business from firms in the City of London stung by Brexit. Meanwhile, Ben McLannahan speaks to Nader Tavakoli, CEO of Ambac, about the settlement to end litigation brought by investors burnt by the collapse of the futures brokerage MF Global.

 

The Democratic National Convention in Philadelphia got off to a turbulent start this week, revealing deep divisions between supporters of Hillary Clinton and Bernie Sanders. The FT’s World News editor Ben Hall discusses what this means for Clinton’s campaign for the White House with Washington bureau chief Demetri Sevastopulo and Gideon Rachmann, the FT’s chief foreign affairs commentator.

 

Now it is unacceptable to boast about spending, company bosses are turning to the summer reading list

 

Lex writer Sujeet Indap explains why Verizon’s $4.8bn acquisition of Yahoo’s core operating business is a good deal for the US telecom giant and what it means for Yahoo. Visit FT.com for more on the story.

 

Bob Dylan’s cryptic number is one of the signature songs of the 1960s, signalling a shift in his career. It helped launch The Byrds to stardom and was pivotal in the development of indie rock. Richard Clayton follows its history.

Credits: Columbia, Legacy, Spectrum, Naxos

 

Xi Jinping, China’s leader since 2012, came from humble beginnings. How has he grown to have such power in such a short time and what does he want to do with it? James Kynge, the FT’s Emerging Markets Editor, talks to Kerry Brown, Professor of Chinese politics at King’s College, and Tom Mitchell, FT Beijing Bureau Chief.

 

The FT’s Cardiff Garcia reports from Munich where a lone gunman killed nine people in an attack near a shopping centre on Friday evening before taking his own life. Visit FT.com for more on the story.

 

With Philip Stephens, Jim Pickard and James Blitz of the FT and Marcus Roberts, from the pollster YouGov. Presented by George Parker.

 

In an economic climate of low interest rates and choppy capital markets, US banks are struggling to improve their day-to-day operations. The FT’s Ben McLannahan and Alistair Gray discuss the forces restricting revenue growth at the big Wall Street banks, and what to expect in the second half of the year. Music by Kevin MacLeod.