This week we’re revisiting an episode from earlier this year about the London Stock Exchange’s decline. The exchange once held the top spot in global financial markets, but that’s changed completely in recent years. The FT’s Harriet Agnew and Katie Martin explain how a yacht floating off the Canary Islands 30 years ago played a critical role in changing the stock market. Clips from CBS, Thames News - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Britain’s ‘capitalism without capital’: the pension funds that shun risk ‘There are no domestic equity investors’: why companies are fleeing London’s stock market Why Europe’s stock markets are failing to challenge the US - - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Harriet Agnew (@HarrietAgnew), Katie Martin (@katie_martin_fx) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In its early days Citigroup styled itself as a “financial supermarket”, a one-stop shop for all kinds of banking services around the world. But that plan has backfired in recent years. Stepping up to the challenge of repairing the bank is chief executive Jane Fraser, who announced her restructuring plan in September. The FT’s US banking correspondent Stephen Gandel and US banking editor Joshua Franklin discuss whether Fraser can turn the bank around, and if not, what happens to Citi.  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: ‘Get off the train’: Citi’s Jane Fraser sends tough message on big overhaul Jane Fraser: the woman trying to turn Citi around  Citi: Fraser the Razor needs sharper edge in her battle with The Blob  - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Stephen Gandel, (@stephengandel), Joshua Franklin (@FTJFranklin) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.