Activist hedge fund puts pressure on Lloyds

This week the banking team discuss The Children’s Investment Fund’s request for a £10bn Lloyds ‘coco’ conversion, Moody’s downgrade of 15 global banks, the state of the Spanish banking system and the continuing rise of bankers’ pay

Patrick Jenkins is joined by Sharlene Goff, Daniel Schaefer and Jamie Chisholm in the studio and Victor Mallet down the line from Madrid