London and Paris at impasse over migrants
FT News Briefing
4.4 • 1.2K Ratings
🗓️ 9 February 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
Credit Suisse investors warn they will try to block any extension of vice-chair Severin Schwan, and SoftBank is looking to list UK chip design company Arm Holdings on the Nasdaq in the US after a sale to Nvidia fell through. Plus, the FT’s Robert Wright and leading researcher Virginie Guiraudon discuss the current state of the UK-EU migrant crisis and why no solutions are forthcoming.
Mentioned in this podcast:
Credit Suisse shareholders take aim at vice chair following scandals
SoftBank looks to bypass UK in favour of Nasdaq Arm listing
Can the UK and France resolve the cross-Channel refugee impasse?
Great Britain’s migrant crisis
The UK migrant crisis and Dover
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
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 |
| 0:09.9 | Good morning from the Financial Times. |
| 0:11.5 | Today is Wednesday, February 9th. |
| 0:13.4 | And this is your FT News Briefing. |
| 0:18.3 | Credit Suisse investors want its vice chair |
| 0:20.7 | gun as the lender tries to get out from under a pile of scandals. |
| 0:24.8 | And one of Britain's most successful tech companies |
| 0:28.0 | may list on the NASDAQ after a mammoth deal fell through. |
| 0:32.0 | Plus efforts to find a solution to the UK's migrant crisis have frozen. |
| 0:46.4 | We'll explain why London and Paris can't come up with any solutions. |
| 0:51.2 | I'm Mark Philippineau and here's the news you need to start your day. |
| 0:58.7 | Investors at Credit Suisse are impatient. |
| 1:01.6 | They really want the scandal-ridden bank to clean up its act. |
| 1:05.3 | And they want to start by pushing out its vice chair, Severin Schwann. |
| 1:09.3 | Two top shareholders told the FT that they would vote to block any move |
| 1:13.1 | to extend the tenure of the bank's long-time vice chair. |
| 1:16.7 | Schwann is also CEO of the Swiss Farmer Group Roche. |
| 1:20.2 | And investors aren't confident he can steer the bank |
| 1:23.4 | and lead the drug maker at the same time. |
| 1:26.3 | Shares and Credit Suisse have tumbled more than 60 percent |
| 1:29.2 | since Schwann joined the board in 2014. |
... |
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