Banks in the US are locked in a bitter fight with regulators. It’s all about a proposed set of rules with an unusual name, Basel III Endgame. Regulators say the rules will help avoid future banking crises. Banks say they’re overkill and could hurt everyday Americans. The FT’s US banking editor Joshua Franklin explains how the industry is pushing back. Clips from Bloomberg, CNBC - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: The US pushback against ‘Basel Endgame’ The bank argument on the Basel III endgame is bunk EU to delay Basel bank trading reforms as US revisits plans - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow 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.

The 2024 NBA Playoffs are in full swing, but eyes are still on a team that was knocked out last week. The Minnesota Timberwolves are caught up in an ownership dispute that’s gone south pretty fast, after two prospective buyers attempted to finance their purchase of the team in an unconventional way. The FT’s US sports business correspondent Sara Germano breaks down how the deal came together, fell apart, and the can of worms it’s since opened about owning US sports teams.  Clips from Bleacher Report, FOX 9 Minneapolis-St. Paul, KARE 11, House of Highlights, The Dane Moore NBA Podcast - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: The off-the-court fight for one of the NBA’s hottest teams Private equity gears up for potential National Football League investments Michael Jordan agrees to sell majority stake in NBA’s Charlotte Hornets Mark Cuban’s Mavericks bet - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Sara Germano (@germanotes) and Saffeya Ahmed (@saffeya_ahmed). Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.