Goldman Sachs, the go-to bank of the rich and powerful, is moving into consumer lending and consumer savings. Patrick Jenkins, FT financial editor, discusses the surprise development with US banking editor Ben McLannahan, UK banking editor Martin Arnold, and Sam Theodore of credit rating agency Scope Ratings. Music by Kevin MacLeod
Patrick Jenkins and guests discuss Goldman Sachs’s move into retail banking, the usefulness or otherwise of ‘coco’ bonds and why British banks aren’t doing as well as their European continental rivals.
In the first episode of a four part series on sovereign bankruptcy, the FT’s Robin Wigglesworth looks at how and when countries fall into distress, and examines whether Italy’s debts are sustainable.
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