Orban's Super Bank

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Orban can use his influence to convince, or even force, the bank to extend a loan to certain clients. There was one very clear example of this in march when one of the member banks that is going through the merger process extended a loan to marin lepin. Probably the biggest concern is that once, if, at some point, orban loses power, the clients of the super bank may run out of business because their main business is business with the government.

The head of EY’s US business quit the Big Four accounting firm after a power struggle with its global boss, and German police raided DWS and Deutsche Bank offices over allegations DWS misrepresented green investments. Plus, Hungary’s autocratic prime minister is trying to build a superbank to increase his financial control over the country.

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Mentioned in this podcast:

EY’s US boss quit after clashing with global chief of Big Four firm

German police raid DWS and Deutsche Bank over greenwashing allegations

The Bank of Viktor Orbán

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.

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