Nissan pushes CEO out

The S&P 500 dipped into correction territory on Tuesday and Nissan has pushed out chief executive Makoto Uchida in the wake of the collapse of merger talks with Honda. Plus, banks are trying to catch up to one of the hottest trends in consumer finance: interest-free buy now, pay later loans. 

Mentioned in this podcast:

Ukraine says it is willing to accept 30-day US-brokered ceasefire

Wall Street sell-off pulls S&P 500 into correction territory

Nissan pushes out chief Makoto Uchida after collapse of Honda merger talks

Big banks play catch-up with fintech start-ups in deferred payments

Leavitt clip: C-SPAN

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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