German Resistance to EU Banking Ambitions and Visa’s Antitrust Battle

In this episode, we explore the clash between Europe's financial ambitions and German opposition as UniCredit's acquisition of Commerzbank faces backlash. We also discuss the DOJ's antitrust lawsuit against Visa, which could reshape the payment processing industry. Additionally, we cover Baltimore City's finance department tightening security after a bribery scandal and the implications of the Fed's recent rate cut for CFOs navigating a changing economic landscape.

Sources:
https://www.politico.eu/article/europe-financial-ambition-slam-germany-opposition-olaf-scholz-commerzbank/
https://finance.yahoo.com/news/doj-goes-after-payment-giant-visa-with-new-antitrust-suit-213726351.html
https://www.wmar2news.com/local/city-finance-department-tightens-security-after-ex-worker-convicted-of-accepting-bribes
https://www.pymnts.com/cfo/2024/the-feds-rate-cut-could-rewrite-financial-playbooks-for-cfos/

Outline:
(00:00:00) Introduction
(00:00:40) Europe’s financial ambitions slam into German opposition
(00:03:48) DOJ goes after payment giant Visa with new antitrust suit
(00:06:46) City finance department tightens security after ex worker convicted of accepting bribes
(00:09:54) The Fed’s Rate Cut Could Rewrite Financial Playbooks for CFOs