FT News Briefing Monday, March 11
Mar 11, 2019
Tension rises as the Bank of England tightens liquidity buffers ahead of Brexit. Controversy ignites at UBS, where accusations surface about maternity leave impacting women's bonuses. Meanwhile, auto giants Renault, Nissan, and Mitsubishi are restructuring their alliance amidst various challenges. The podcast also dives into the intricate negotiations over the Irish backstop, showcasing the tug-of-war between the British government and Brussels, and the looming implications of rejection on the Brexit timeline.
AI Snips
Chapters
Transcript
Episode notes
Brexit Liquidity Buffer
- The Bank of England advises UK lenders to increase liquid asset holdings to withstand potential Brexit market volatility.
- This measure aims to mitigate a no-deal Brexit's impact and ensure financial stability.
UBS Maternity Leave and Bonuses
- Top women bankers at UBS criticized the bank for using maternity leave as justification for bonus cuts.
- Some women resigned, while others faced repeated bonus reductions after having children.
Carmaker Alliance Restructure
- Renault, Nissan, and Mitsubishi are forming a new joint board to stabilize their alliance after Carlos Ghosn's arrest.
- This aims to foster closer integration and potentially announce the new structure soon.