Are There Any Banks You're Especially Eager to See?

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Banks have been suffering from ultra low, or even negative interest rates now for the better part of a decade. They are going to see a big up tick in earnings from this, which will be good news for their shareholders. However, whenever banks earnings go up and the countries that they operate in are in financial dir straits, you do tend to see calls for surcharges on said profits - so there'll be lots of focus on exactly how much money these banks are making. The banks we've been focusing on most recently is credit swiss. I won't go through the litany of scandals and missteps that they've made, but will be looking to see if is any evidence

The dollar’s surge to its highest level in 20 years is taking a toll on the corporate earnings of US companies with overseas operations, European bank earnings reports are expected to benefit from rising interest rates, and Ukraine’s Finance Minister Sergii Marchenko spoke to the FT about the challenges of managing his war-torn country’s finances.

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Mentioned in this podcast:

Fed to implement second 0.75 point rate rise amid uncertainty over next steps

The strong dollar wipes billions off US corporate earnings

Ukraine set to request delay in foreign debt repayments

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. 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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