The world’s oldest bank and one of Europe’s most troubled lenders has announced a new restructuring plan aimed at returning the Italian bank to profitability. Martin Arnold is joined by the FT’s Christopher Thompson and Filippo Alloatti of Hermes Investment Management to discuss whether the turnround plan can work. Music: Kevin MacLeod
Martin Arnold and guests discuss the latest turnround plan announced by Italy’s Monte dei Paschi, western investment banks’ struggle to make money in Asia and the impact of low interest rates on US retail banks, with special guests Filippo Alloatti of Hermes Investment Management and Mike Mayo, banking analyst at CLSA.
The Supreme Leader Ayatollah Ali Khamenei has led the Islamic Republic since 1989. But after the nuclear deal with the US, questions have been raised over whether it is necessary to have a senior cleric in charge, says Najmeh Bozorgmehr. Now reformists and hardliners have begun to position themselves for influence over the future of the country
In a US election dominated by character attacks, coal country stands out as a region where a single policy question — what to do about unemployed miners — still eclipses all else. The FT’s Barney Jopson reports from the mountains of Appalachia
To celebrate the FT’s Business Book of the Year Award, our star columnists recommend six classic business books and challenge listeners to read them in 12 weeks. In episode three, Sarah Gordon, the FT’s business editor, and Martin Dickson, the FT’s former deputy editor, discuss ‘Barbarians at the Gate’ by Bryan Burrough and John Helyar.
Tech groups and digital media stars are taking the initiative in challenging terrorist propaganda from groups like Isis, say Madhumita Murgia and Hannah Kuchler. They are using ‘counter speech’ to fight extremists’ propaganda with their own chosen tools of persuasion — such as YouTube, Facebook, Twitter and Google
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