Hungary's New Big Lender

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Hungary's prime minister, victor orbon, became europe's longest serving government leader this year. Orbot has coveted influence in the banking sector for about a decade now or more. The new big lender will be formed by merging three existing private banks. They want to create a single, large institution which can contribute meaningfully to lending to projects small and large.

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.

Subscribe to the FT News Briefing on Apple Podcasts or Spotify

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.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.