The European Central Bank focuses on climate change
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 13 July 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
David Cameron was paid a salary of more than $1m by Greensill Capital, the finance company whose dramatic collapse exposed the former UK prime minister’s extensive lobbying efforts, and US banks will face tough questions about the prospects for their lending operations this week when they report second-quarter earnings, flattered by smaller-than-expected credit losses during the pandemic. Plus, Martin Arnold, the FT’s Frankfurt bureau chief, interviewed Christine Lagarde, European Central Bank president, about the bank’s plans to prioritise climate change in its policy decisions.
Greensill Capital paid Cameron salary of more than $1m a year
https://www.ft.com/content/536867f4-2dd3-42a1-9b29-54ed92693635?
US banks enter earnings season with eyes on loan growth, with Imani Moise, US Banking Correspondent
https://www.ft.com/content/8738c327-ceab-4d00-8c24-fbc44c81a0c4
ECB faces row over how to implement new strategy, Lagarde warns, with Martin Arnold, Frankfurt Bureau Chief
https://www.ft.com/content/11e953df-536b-43aa-9c21-65b8dd79c797
Jump in coffee bean prices set to filter through to your morning brew
https://www.ft.com/content/d4146bb5-896b-4f1f-b5f8-930cb2bfb729
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:01.6 | Today is Tuesday, July 13th. |
| 0:03.7 | And this is your FT News Briefing. |
| 0:08.8 | We've got more details of David Cameron's relationship |
| 0:11.8 | with the green cell capital. |
| 0:13.3 | And U.S. banks report their latest earnings this week. |
| 0:15.9 | JP Morgan Chief Executive Jamie Diamond said |
| 0:18.3 | it was the best quarter ever for investment banking. |
| 0:21.7 | But what about lending? |
| 0:23.3 | Plus, the European Central Bank plans |
| 0:24.8 | to focus on climate change. |
| 0:26.4 | The president of the ECB spoke to the FT's Martin Arnold. |
| 0:30.3 | Christine Lagarde has really made this a personal objective |
| 0:33.8 | and campaign to drive climate change high up the agenda of the ECB. |
| 0:39.5 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:49.3 | Former UK Prime Minister David Cameron received a salary |
| 0:52.7 | of more than a million dollars from green cell capital. |
| 0:56.0 | That's according to FT sources. |
| 0:57.6 | Green cell is the supply chain finance company |
| 1:00.2 | that unraveled earlier this year. |
| 1:02.2 | Cameron joined the firm in 2018 as a part-time advisor. |
| 1:05.6 | And he used his political capital |
... |
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