app_store_button

google_play_button

DK - Details page - Device banner - 894x1036

Nyd den ubegrænsede adgang til tusindvis af spændende e- og lydbøger - helt gratis

Lyt når som helst, hvor som helst 

Financial Times

Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world. 
 Hosted on Acast. See acast.com/privacy for more information.

Behind the Money

Partners Group pursued an innovative approach to private equity: The firm built a business serving a market of individual investors. Now, a recent executive order from US President Donald Trump is set to unlock that marketplace on an even grander scale.

The only thing is, Partners might not be the one to reap the rewards. The FT’s US private equity and deals editor Antoine Gara and private capital reporter Alexandra Heal explain how the pioneer is struggling to keep up with its rivals. 

Clips from CBS, CBS19 

The FT does not use generative AI to voice its podcasts

- - - - - - - - - - - - - - - - - - - - - - - - - - 

For further reading:

How private equity’s pioneer in tapping retail money lost its edge

Donald Trump exposes US retirees to new world of risk with 401k order

Buyout executive warns private equity push into US savings risks bailouts 

- - - - - - - - - - - - - - - - - - - - - - - - - - 

Follow Antoine Gara on X (@AntoineGara) and Bluesky (@antoinegara.bsky.social). Alexandra Heal is on X (@alexandraheal) and Bluesky (@alexandraheal.bsky.social). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her 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.

How a private equity pioneer lost its grip on the market it invented

When the hedge fund Elliott Management pursued the acquisition of the oil refinery business Citgo a few years ago, the deal was already a complicated one. A US court had ordered its current owner, Venezuela, to sell the business, and the country was not happy about it. But, things only got thornier after the US President Donald Trump removed the Caribbean nation’s leader Nicolás Maduro. The FT’s US investment correspondent Amelia Pollard and hedge fund correspondent Costas Mourselas explain how Elliott often thrives pursuing complex deals, and how they might navigate closing this one. 

Clips from Citgo, CNN, Norges Bank Investment Management, The White House, VTV 

The FT does not use generative AI to voice its podcasts.

- - - - - - - - - - - - - - - - - - - - - - - - - - 

For further reading:

Donald Trump’s removal of Maduro clouds fate of Elliott’s Citgo deal

How Venezuela lost Citgo

Hedge funds hunt for Venezuela’s unpaid financial claims

- - - - - - - - - - - - - - - - - - - - - - - - - - 

Follow Costas Mourselas on X (@CostasMourselas) and Bluesky (@costasmourselas.bsky.social). Amelia Pollard is on X (@ameliajpollard) and Bluesky (@pollard.bsky.social). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her 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.

A hedge fund’s $8bn bet on Venezuela’s Citgo

US President Donald Trump on Friday made his pick to lead the Federal Reserve: Kevin Warsh. The former central bank governor with ties to Wall Street is seen as a mainstream pick. Still, some economists say if Warsh is confirmed, he will trigger a sweeping rethink of the Fed’s role at the centre of the world’s biggest economy. The FT’s US economics editor Claire Jones explains who Warsh is, what he wants to do at the Fed, and how it might go.

Clips from Fox Business, Group of Thirty 

The FT does not use generative AI to voice its podcasts.

- - - - - - - - - - - - - - - - - - - - - - - - - - 

For further reading:

Kevin Warsh’s nomination as Fed chair to spark rethink of bank’s role

Kevin Warsh, the Fed chair nominee shaped by the 2008 financial crisis

How Kevin Warsh won the race to become Donald Trump’s new Federal Reserve chair

- - - - - - - - - - - - - - - - - - - - - - - - - - 

Follow Claire Jones on X (@senoj_erialc). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her 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.

How the Federal Reserve might change under Kevin Warsh

For more than 170 years, Wells Fargo built a reputation as an all-American Main Street lender. Now, it is charting a new path and pushing into investment banking, something that many other banks have tried and failed to do. The FT’s US banking editor Joshua Franklin and US banking correspondent Akila Quinio discuss what Wells Fargo does — and doesn’t have — going for it as it pursues this strategy.

Clips from, CNN, CBS News, CNBC, CNN, HBO, KPIX, KRON4, NBC News, Wells Fargo

The FT does not use generative AI to voice its podcasts.

- - - - - - - - - - - - - - - - - - - - - - - - - - 

For further reading:

Wells Fargo wants to be taken seriously as an investment bank. Will it succeed? 

Wells Fargo has finally shed its dunce cap

Netflix leans on $59bn bank loan to fund Warner Bros takeover 

- - - - - - - - - - - - - - - - - - - - - - - - - - 

Follow Joshua Franklin on X (@ftjfranklin). Akila Quinio is on X (@akilazoe). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her 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.

Can Wells Fargo make it in investment banking?

Saks Global, the parent company of the historic luxury department store Saks Fifth Avenue, recently filed for Chapter 11 bankruptcy protection. The move occurred a little more than a year after the company purchased Neiman Marcus and Bergdorf Goodman in a debt-fuelled takeover. The FT’s Wall Street editor Sujeet Indap and the US investment editor Eric Platt walk through how that acquisition played a role in the bankruptcy and whether more highly leveraged companies will seek bankruptcy protection in 2026. 

Clips from ABC, Bloomberg, CNBC, Warner Brothers 

The FT does not use generative AI to voice its podcasts.

- - - - - - - - - - - - - - - - - - - - - - - - - - 

For further reading:

Death of a dream: Saks’ crisis exposes luxury department store woes 

Leveraged luxury: fall of Saks Global to scorch US business stars 

Saks divisive debt reshuffle shows a retail sector under strain 

- - - - - - - - - - - - - - - - - - - - - - - - - - 

Follow Sujeet Indap on X (@sindap), or on Bluesky (@sindap.bsky.social). Eric Platt is on X (@EricGPlatt), or on Bluesky (@ericgplatt.ft.com). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her 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 rapid collapse of Saks Global

Every January a collection of the world’s top business and political leaders head to the Swiss town of Davos for the annual meeting of the World Economic Forum. The event is a week of panels and networking meant to promote dialogue among elites. But a scandal last year threatened to overshadow the 2026 meeting, which begins in a few days. Critics have also questioned the event’s relevance in a changing world. The FT’s Switzerland and Austria correspondent, Mercedes Ruehl, explains the problems the WEF has faced and shares her reporting on how this year’s event is shaping up. 

Clips from the World Economic Forum, Instagram: @christinelagarde

The FT does not use generative AI to voice its podcasts.

- - - - - - - - - - - - - - - - - - - - - - - - - - 

For further reading:

Microsoft and McKinsey pay up to $1mn each to back Donald Trump’s Davos hub 

Davos assured Trump ‘woke’ topics were off the agenda

The Davos set in decline: can the World Economic Forum save itself?

‘A family enterprise’: WEF founder Klaus Schwab on alleged wrongdoing at Davos 

- - - - - - - - - - - - - - - - - - - - - - - - - - 

Follow Mercedes Ruehl on X (@mjruehl), or on Bluesky (@mjruehl.bsky.social) Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her 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.

Davos’ fight for relevance

From the artificial intelligence bubble to trade policy, Michela asks Martin Wolf, the FT's chief economics commentator, how the biggest stories of last year will affect the economy in 2026. 

The FT does not use generative AI to voice its podcasts.

- - - - - - - - - - - - - - - - - - - - - - - - - - 

For further reading:

Forecasting the world in 2026 

Why the world should worry about stablecoins

Trump’s tariffs will damage the world

- - - - - - - - - - - - - - - - - - - - - - - - - - 

Follow Martin Wolf on X (@martinwolf_). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her 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.

Martin Wolf on the economy in 2026

The surge in scams, phishing attacks and digital fraud is raising serious liability questions. So who should be doing more? In this live recording from this year’s FT Global Banking Summit, Michela poses that question to executives from Citi, KPMG and Open Banking Excellence. 

The conversation was recorded on December 2, 2025.

The FT does not use generative AI to voice its podcasts.

- - - - - - - - - - - - - - - - - - - - - - - - - - 

For further reading:

We have to be able to hold tech platforms accountable for fraud 

The rise of deepfake scams — and how not to fall for one

At Singapore’s anti-fraud convention, even the experts get scammed

- - - - - - - - - - - - - - - - - - - - - - - - - - 

Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her 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.

As digital scams surge, who’s responsible?

Economists like to model people as rational creatures who make self-interested decisions. But humans don’t act that way. Why do investors, politicians and ordinary people act against their best interests – and how can they be nudged into making better decisions? To find out, FT economics commentator Chris Giles speaks to Richard Thaler, the founding father of behavioural economics. Thaler is a professor at the University of Chicago who won the 2017 Nobel Prize in Economics for his work on how humans make (often irrational) decisions.

This is a repeat of an episode published on The Economics Show, a sister podcast of Behind the Money, on November 7, 2025. Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.

Presented by Chris Giles. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music by Breen Turner. Sound design by Breen Turner and Samantha Giovinco. Our broadcast engineer is Andrew Georgiades.

 Hosted on Acast. See acast.com/privacy for more information.

The Economics Show: What economics gets wrong about human behaviour, with Richard Thaler

Despite its relatively low profile, Fidelity Investments is a sprawling beast when it comes to financial services. Last year, the firm’s revenues surpassed the world’s largest asset manager, BlackRock, by more than 50 per cent. The FT’s Emma Dunkley explains how Fidelity has come to dominate the sector, the secrets behind its success, and what hurdles it may have to jump through in the coming years as new challenges for asset managers arise. 

The FT does not use generative AI to voice its podcasts.

- - - - - - - - - - - - - - - - - - - - - - - - - - 

For further reading:

Can Fidelity keep its grip on America’s investments?

The quiet queen of American finance

How Fidelity’s Ned Johnson defied the curse of the boss’s son

Trump opens US retirement plans to crypto and private equity investments

- - - - - - - - - - - - - - - - - - - - - - - - - - 

Follow Emma Dunkley on X (@EmDunks). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her 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.

A hedge fund’s $8bn bet on Venezuela’s Citgo

Lyt når som helst, hvor som helst

Other podcasts you might like ...