Monthly Archives: June 2014

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.

 

When David Cameron presented Li Keqiang with a ‘Downton Abbey’ shooting script recently, the gesture was fraught with subtext. But what should a post-imperial premier give to his rising-power counterpart? Peter Aspden has some suggestions. . .

 

Ahead of Indonesia’s elections in July, Ben Bland reports on the remarkable ascent of the frontrunner, Joko Widodo, who has been propelled from the obscurity of provincial politics to the global spotlight.

 

In this week’s show, Jonathan Eley and guests discuss the Bank of England’s measures to cool the UK’s housing boom, a range of tax-efficient investments and the risks attached, and the latest fund news from Neil Woodfood and Terry Smith

 

With Jean-Claude Juncker increasingly likely to be appointed as the next president of the European Commission, Gideon Rachman is joined by Tony Barber, Europe editor, and Peter Spiegel, Brussels bureau chief, for an in-depth look at what this would mean for the UK and for Europe as a whole. Also on the agenda are the growing dominance of Germany in the EU decision-making process and this week’s European Council meeting in Ypres

 

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.

 

A wide cross section brings with it the danger of falling within the narrow confines of groupthink

 

With the violence in Iraq worsening, Delphine Strauss, currencies correspondent, asks Geoff Yu, currency strategist at UBS, how an oil supply shock would affect currency markets. Also, why dollar bulls face a difficult summer, and what to make of a stark change in policy from Norway’s central bank.

 

James Pickford and guests discuss what forthcoming reforms to ISAs mean for investors, how the pensions industry may provide guidance promised to retirees, and the liability of independent financial advisers for bad investment advice

 

Isis’ lightning offensive has pushed Iraq to the brink of outright civil war and a return to the murderous sectarian bloodshed that nearly tore it apart in 2006. President Obama is considering limited military intervention to take on the terrorists but only if there are signs that Nouri al-Maliki, Iraq’s Shia prime minister does more to reach out to moderate Sunnis and Kurds. Geoff Dyer, US diplomatic correspondent, Roula Khalaf, foreign editor, and Guy Chazan, energy editor, join Ben Hall