The Rise of Transaction Banking and Kalanick's Secret Venture

The Federal Reserve is expected to raise interest rates by 0.75 per cent today, Goldman Sachs is expanding its transaction banking business in Europe, and former Uber chief executive Travis Kalanick has tried to keep his new “dark kitchens” venture as secretive as possible. 

Mentioned in this podcast:

Federal Reserve set to raise benchmark interest rate 

Goldman Sachs hunts new revenues in EU transaction banking push

Travis Kalanick expands ‘dark kitchens’ venture across Latin America

Microsoft invests in Travis Kalanick’s CloudKitchens start-up

FT.com/briefingsale 

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. 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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