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The chapter delves into the financial challenges faced by Thames Water, including shareholder commitments falling through and potential solutions like debt for equity swaps or re-nationalization. It also covers the sentencing of FTX founder Sam Bankman-Fried to 25 years in prison for fraud and money laundering, discussing the hefty sentence and defense arguments about his character and the impact on FTX's bankruptcy victims.

FTX founder Sam Bankman-Fried was sentenced to 25 years in prison for his role in the collapse of the cryptocurrency exchange, and Thames Water shareholders might take a big financial hit. Plus, what instant noodles can tell us about the economy.

Mentioned in this podcast:

Thames Water shareholders signal readiness to take £5bn hit

FTX founder Sam Bankman-Fried sentenced to 25 years in prison for fraud

Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge

Oodles of noodles: how a global favourite became an economic red flag

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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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