A hostile takeover looms in European banking
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 24 September 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
The US proposed effectively banning Chinese cars, German Chancellor Olaf Scholz came out against a UniCredit takeover of Commerzbank and Israel carried out hundreds of airstrikes in Lebanon. Plus, UK Prime Minister Keir Starmer will try to turn around the Labour party’s mood during a speech at the party conference.
Mentioned in this podcast:
US proposes banning Chinese software and components in vehicles
Israeli strikes kill more than 490 in Lebanon, says health ministry
Olaf Scholz says Germany opposes a Commerzbank takeover
Keir Starmer faces 2 challenges in Liverpool
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. |
| 0:11.0 | The UK. |
| 0:12.0 | Good morning from the Financial Times. Today is Tuesday, September 24th, and this is your |
| 0:18.4 | F.T. News briefing. Israel launched a relentless wave of airstrikes into Lebanon yesterday, and one Italian bank |
| 0:27.2 | wants to gobble up a German rival, but it's ruffling Berlin's feathers. Plus, Kieer Starmer's honeymoon period is over. |
| 0:36.2 | If it ever really began, he'll take the stage today at the Labor Party conference. |
| 0:41.4 | I'm Sonia Hudson, and here's the news you need to start your day. |
| 0:57.0 | Israel further escalated its conflict with Hezbollah on Monday. It launched hundreds of airstrikes into Lebanon. |
| 1:00.1 | As of last night, the country's Health Ministry reported almost 500 were killed and many more injured. |
| 1:06.8 | Yesterday's death toll was the highest since Israel launched a ground offensive against |
| 1:11.2 | Hezbollah back in 2006. Israeli warplanes hit about 800 Hezbollah targets. |
| 1:17.4 | Israel's defense forces said it would continue to strike where it believes the |
| 1:21.6 | militant group stores weapons and it did not rule |
| 1:24.5 | out the possibility of an imminent land war in Lebanon. |
| 1:29.7 | There is a showdown going on in the European banking sector. The Italian lender |
| 1:39.2 | Unicredit is on a path to take over the German Commerce Bank and Berlin is not happy about it. |
| 1:47.6 | The standoff is going to be a test case for consolidation in the industry. I'm joined now by the F.T's Owen Walker to chat more about this. |
| 1:55.5 | Hi Owen. Hey how's it going? It's good, thanks. So get us up to speed here since |
| 2:02.1 | UNIC Credit first made a move on Commerce Bank earlier this month. |
| 2:06.0 | What's happened in the week since then? |
... |
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