America's dollar stores get a makeover
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 24 April 2023
⏱️ 12 minutes
🧾️ Download transcript
Summary
Santander is trying to poach some of Credit Suisse’s most senior investment bankers, UK prime minister Rishi Sunak looks to establish calm after deputy prime minister Domic Raab resigned last week, American dollar stores have to adjust for the age of inflation and UK therapist are pushing back on US mental health platform.
Mentioned in this podcast:
Santander moves to hire some of Credit Suisse’s top dealmakers
Dominic Raab resigns as UK deputy prime minister over bullying claims
America’s dollar stores get a makeover for the age of inflation
Therapists sound alarm on BetterHelp’s rapid UK expansion
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:09.8 | Good morning from the Financial Times. |
| 0:11.3 | Today is Monday, April 24th, and this is your FT News Briefing. |
| 0:19.1 | Spain's biggest bank is trying to poach top credit Swiss bankers. |
| 0:23.4 | Rishi Sunak has to calm nerves on multiple fronts, |
| 0:27.2 | and British therapists have mixed emotions about the expansion of a big |
| 0:31.9 | US online therapy company. Plus, American dollar stores are adapting to an era when things cost |
| 0:38.6 | a lot more than a dollar. I'm Mark Filipino, and here's the news you need to start your day. |
| 0:44.8 | Swiss banking giant UBS is in the process of integrating its rival Credit Suisse, |
| 0:57.9 | and that tricky merger process is an opportunity for other banks to poach Credit Suisse bankers. |
| 1:03.6 | FT sources say Spain's top bank, Santander, helps talks with Credit Suisse veteran David |
| 1:09.2 | Hurmer. Hurmer is currently head of equity in debt capital markets, and he's been with Credit |
| 1:14.2 | Suisse since 1994. Sources said Santander wants to hire dealmakers and junior employees to try and |
| 1:21.3 | boost its investment banking presence in the EU and the US. |
| 1:31.2 | Today, British Prime Minister Rishi Sunak will try and win back British business. |
| 1:36.6 | He's holding the first of several summits with corporate leaders, |
| 1:40.3 | and it's part of the conservative party's effort to repair damage done by Brexit, |
| 1:45.0 | and fend off labor party efforts to brand itself as more business-friendly. |
| 1:50.6 | Sunak's and damage control on the political front too is Deputy Dominic Rob |
| 1:56.0 | resigned on Friday. An independent report confirmed allegations that Rob had bullied civil |
| 2:01.4 | servants robbed and denied the claims. The FT's George Parker says this is the latest headache |
... |
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