The housing supply problem: Part 4
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 14 June 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
EY’s global chief executive Carmine Di Sibio says he is planning to retire next year, and the FT’s Joshua Franklin explains the impact of JPMorgan settling a lawsuit over its 15-year relationship with Jeffrey Epstein. Plus, in the fourth and final part of our housing series, we look at what the government can do to bring down prices.
Mentioned in this podcast:
EY chief Carmine Di Sibio to retire after failure of split plan
JPMorgan to pay up to $290mn to settle Epstein accusers’ lawsuit
The Fed’s waiting game: is the US economy finally starting to crack?
How stubborn inflation has undermined the UK housing market
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. 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 FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:10.2 | Good morning from the Financial Times. |
| 0:11.7 | Today is Wednesday, June 14th, and this is your FT News Briefing. |
| 0:18.9 | There is a big shake up at a big for accounting firm, |
| 0:22.7 | and a banking behemoth is paying for its relationship with Jeffrey Epstein. |
| 0:27.4 | Plus in the final installment of our housing series, |
| 0:29.9 | we look at how much the government can do to bring down prices. |
| 0:33.7 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:42.4 | The global head of audit and consulting giant EY is retiring. |
| 0:46.8 | Carmine DeCibio spearheaded EY's ambitious plan to split its auditing and consulting businesses. |
| 0:52.4 | The costly project led to bitter infighting and ultimately failed. |
| 0:56.3 | DeCibio's future at the company has been endowed ever since the plan was called off in April. |
| 1:00.8 | DeCibio said he planned to leave navities to reach the mandatory retirement age at EY. |
| 1:06.2 | The company says it expects to name a new CEO this fall. |
| 1:15.1 | JP Morgan Chase on Monday agreed to pay up to $290 million to steadily lawsuit |
| 1:20.5 | accusing the bank of profiting from human trafficking. |
| 1:23.6 | The suit involved JP Morgan's long-running business relationship with the late convicted |
| 1:27.6 | sex offender Jeffrey Epstein. The bank, which made nearly $40 billion in profits last year, |
| 1:33.5 | will pay the settlement to a group of Epstein's victims. Here's the FT's Joshua Franklin. |
| 1:39.0 | I think a settlement was always the most likely outcome in this case. You'd seen Deutsche Bank |
| 1:44.2 | settle a similar case to this, just a few weeks ago paid less than JP Morgan about $75 million. |
... |
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