Patrick Jenkins and guests discuss distress across the banking sector, HSBC’s deliberations on where its headquarters should be, and Ben MacLannahan asks Phil Angelides, former head of the financial crisis inquiry commission in the US, about his call for bankers responsible for wrongdoing to be brought to justice.
Five years after producing the US government’s official report on the financial crisis, Financial Crisis Inquiry Commission chairman Phil Angelides has written a letter to Attorney General Loretta Lynch asking why the Department of Justice has yet to hold Wall St executives accountable for the damage. Mr Angelides explains his position to US banking editor Ben McLannahan. Music by Kevin MacLeod.
The world’s banks, especially European banks, have been routed in the equity and debt markets as fears mount about future earnings and levels of capital. Patrick Jenkins, FT financial editor, talks to Laura Noonan, investment banking correspondent, about the implications.
For a few short months, Chinese entrepreneur Li Hejun became the richest man in China. FT reporters Miles Johnson and Lucy Hornby tell the story of the dramatic rise of his solar energy company, and what it says about levels of corporate debt in one of the world’s biggest economies.
Construction companies across the US are struggling to find enough workers to keep up with demand, due in large part to a dearth of Mexican immigrants who do much of the heavy lifting in construction trades. Gary Silverman sits down for lunch with three Mexican immigrants in Dallas, Texas who have found work in the local roofing business. Go to ft.com/bigread for the full story.
Philip Stephens, Janan Ganesh and Kate Allen of the Financial Times, plus Rob Oxley of Vote Leave and Lucy Thomas of Stronger In, discuss the latest developments in Westminster this week — including whether David Cameron has won Britain a good deal with the EU and the political fallout for the Conservatives. Presented by George Parker, political editor.
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