Falling interest rates, weak trading volumes and automation have led to an exceptionally brutal summer for global investment banks, which have shed tens of thousands of jobs, particularly on trading desks. Stephen Morris, European banking correspondent, discusses the bleak outlook for bankers with Robert Armstrong, US financial editor.
Contributors: Stephen Morris, European banking correspondent, and Robert Armstrong, US financial editor. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.

Bleak outlook for bankers as trading jobs slashed

News features and analysis from Financial Times reporters around the world. FT News in Focus is produced by Fiona Symon. Hosted on Acast. See acast.com/privacy for more information.

News & Politics

News

News Commentary

Life in Europe's coronavirus hotspots: Foreign affairs columnist Gideon Rachman discusses how the coronavirus epidemic has been handled in Italy and Spain with the local FT correspondents, Miles Johnson in Rome and Daniel Dombey in Madrid. How are citizens reacting to the lockdown and what will be the long-term political and economic impact? Hosted on Acast. See acast.com/privacy for more information.

Introducing: The Rachman Review

The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing.
Friday, March 20 Republicans in the US Senate have introduced legislation to inject more than $1tn of fiscal stimulus into the economy as it grapples with the coronavirus outbreak. Sir Paul Tucker, the former deputy governor of the Bank of England and current chair of the Systemic Risk Council, says it’s time for policymakers and bankers to prepare for a wartime setting if conditions deteriorate. Plus, the only US drugmaker that makes a potential treatment for the coronavirus raised the price nearly 100 per cent in January as the outbreak wreaked havoc in China.  Hosted on Acast. See acast.com/privacy for more information.

Republican $1tn plan, Paul Tucker on damage limits

The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing. 
Western governments pledged trillions of dollars in stimulus measures to limit the economic fallout from the coronavirus pandemic on Tuesday. The FT’s global business columnist Rana Foroohar explains what it could mean for Wall Street and Main Street. Plus, Impossible Foods raises $500m in a round that will help the US-plant based burger group to see through the economic upheaval caused by the current crisis, and Joe Biden solidifies his status as the frontrunner to take on Donald Trump in November. Hosted on Acast. See acast.com/privacy for more information.

Rana Foroohar on the trillion dollar fightback, Biden sweep

The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing.
Tuesday, March 17 Governments in all large western economies took drastic measures to limit public movement on Monday in an urgent effort to arrest the spreading coronavirus pandemic while US stocks plunged despite a set of emergency measures laid out by the Federal Reserve on Sunday. Plus, an analysis by the Financial Times finds that the UK and the US have key weaknesses in their healthcare systems which could trigger a collapse if put to the test by the outbreak.  Hosted on Acast. See acast.com/privacy for more information.

World on lockdown, markets melt, hospitals suffer

Introducing the FT News Briefing. It is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing.
Monday, March 16 The Federal Reserve cut interest rates to zero and joined forces with other central banks in a bid to prevent a severe economic downturn caused by the coronavirus outbreak. The FT’s Gillian Tett unpacks the sweeping measures. Plus, the rapid spread of the coronavirus and the ensuing travel restrictions have led to one of the worst months on record for the airport industry, and French industrials group Air Liquide is asking would-be buyers of its hand sanitiser unit to offer a higher sum in the wake of the outbreak.  Hosted on Acast. See acast.com/privacy for more information.

Bleak outlook for bankers as trading jobs slashed

Download our free app to listen on your phone