Banks try to avoid ending up like SVB
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 29 June 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
Sterling suffers biggest one-day fall against the dollar in a month following UK growth fears, US banks are stepping up the sales of their loan portfolios, and Odey Asset Management continues to spiral after an FT investigation into sexual misconduct allegations at the hedge fund.
Mentioned in this podcast:
US banks step up sales of loan portfolios to private lenders
Odey Asset Management in talks with SW Mitchell over Oliver Kelton’s funds
Wall Street shares waver as central bankers warn of more rate rises
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, 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 latest episode of the next five podcasts is all about financing net zero. |
| 0:04.6 | I speak to Tim Gould, Chief Energy Economist at the IEA. |
| 0:07.6 | We're up to $1.7 trillion going into clean energy transition investments this year. |
| 0:13.1 | Nick Standsbury, Head of Climate Solutions at LGIM. |
| 0:15.6 | We need to put a proper price on all greenhouse gas emissions. |
| 0:19.6 | And Eric Werners, SVP and Chief Economist are equinox. |
| 0:23.0 | We have to do these things together. |
| 0:24.7 | Industry cannot do this alone. |
| 0:26.9 | Listen to the full episode wherever you get your podcasts. |
| 0:29.3 | Enjoy. |
| 0:30.7 | Good morning from the Financial Times. |
| 0:32.3 | Today is Thursday, June 29. |
| 0:34.5 | And this is your FT News Briefing. |
| 0:39.1 | Sterling had itself a rough day. |
| 0:42.3 | And mid-sized US banks are trying to become more liquid. |
| 0:46.7 | They looked at what happened to Silicon Valley Bank and First Republic. |
| 0:49.8 | And they're thinking, I don't want to be there. |
| 0:52.3 | Plus, there's more fallout from the sexual assault allegations against |
| 0:55.9 | Crispin Odie. |
| 0:57.5 | I'm Mark Filipino and here's the news you need to start your day. |
| 1:08.5 | Sterling had its biggest one-day fall against the dollar in more than a month. |
| 1:13.5 | The pound dropped eight tenths of a percent yesterday. |
... |
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