Behind the Money

Financial Times
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44 snips
Oct 29, 2025 • 27min

$12bn of debt: How First Brands Group collapsed

In this insightful discussion, Robert Smith and Ortenca Aliaj, both Financial Times editors, unravel the shocking collapse of First Brands Group, a small auto parts supplier with a staggering $12 billion in hidden debt. They explore the opaque financing tactics that obscured financial risks and discuss the lack of due diligence by lenders. From Patrick James's mysterious background to the broader implications for private credit, they raise critical concerns about the future of funding practices in a post-2008 financial landscape.
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27 snips
Oct 22, 2025 • 19min

Can the world’s largest listed hedge fund rebound?

Join Costas Mourselas, Financial Times hedge fund correspondent, as he delves into the challenges faced by Man Group, the world's largest listed hedge fund. He unpacks the evolution of the firm's innovative quant strategies and discusses why recent trends have struggled amidst market volatility. Costas explores Man Group's dual path—whether to diversify further into private assets or reinvest in hedge funds. With insights on branding and client relationships, he contemplates the potential for Man Group to reclaim its former success.
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4 snips
Oct 16, 2025 • 2min

Introducing Untold: Toxic Legacy

Host Laura Hughes delves into a hidden lead poisoning crisis in the UK, revealing how this invisible toxin impacts health. She discusses subtle symptoms that often go unrecognized and shares alarming findings from her two-year investigation. The long-term damage from lead exposure is highlighted, emphasizing the irreversible nature of its effects. Hughes also critiques the lack of routine testing for children, exposing gaps in government protection. Her personal journey navigates fears of backlash while pursuing the truth about this toxic legacy.
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31 snips
Oct 15, 2025 • 20min

The meltdown at Nestlé

Madeleine Speed, a consumer industries reporter at the Financial Times, delves into Nestlé's recent turmoil. She discusses the company's significant underperformance and governance issues following a scandal involving the former CEO. Madeleine explains how the broader consumer goods sector is facing pressure from shareholders, and outlines the potential strategies of new leadership under CEO Philip Navratil. Key topics include possible asset sales, governance reform, and the future direction of this global powerhouse.
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23 snips
Oct 8, 2025 • 24min

Elon Musk and the end of a telecom tycoon’s dream

Sujeet Indap, Wall Street editor at the Financial Times, shares insights on Charlie Ergen's tumultuous journey with EchoStar. The discussion dives into Ergen's ambitious plan to create a national mobile network, which ultimately fell apart after massive investments and shifting industry dynamics. Notably, how SpaceX's Starlink and deals with AT&T turned the tide for Ergen's struggling company. The conversation also touches on Ergen's strategic negotiations, his meeting with Trump, and the bittersweet outcome of his telecom dreams.
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Oct 6, 2025 • 2min

Coming soon from Tech Tonic: Mission to Mars

Explore the intriguing race to Mars as global powers and private firms set their sights on the red planet. Hear about ambitious plans from the US, China, and Elon Musk's vision for making humanity an interplanetary species. Delve into the complex questions surrounding the feasibility of human settlement: Will it be worth the cost? And will people really want to live there? This captivating discussion challenges our notions of exploration and the future of mankind beyond Earth.
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22 snips
Oct 1, 2025 • 23min

The unsustainable boom in India’s Silicon Valley

Chris Kay, Mumbai bureau chief at the Financial Times, and Krishn Kaushik, its Mumbai correspondent, delve into Bangalore's explosive tech growth and the infrastructure challenges that accompany it. They reveal how Bangalore, touted as India's Silicon Valley, struggles with basic amenities like water and traffic management, risking investor confidence. As they explore potential alternatives like Hyderabad, they caution that rapid urban development often neglects livability and sustainability, raising critical questions about the future of India’s economy.
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Sep 26, 2025 • 35sec

Vote for Behind the Money in the Signal Awards!

Listeners are invited to participate in a thrilling vote for a prestigious Signal Award in the Money & Finance category. The host passionately shares how crucial listener support is for this listener-choice accolade. There's a sense of urgency as the deadline to cast votes approaches on October 9th. The excitement doesn't stop there, as other FT podcasts are also nominated, adding to the anticipation. Join in on this fun way to engage with great content and support your favorites!
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30 snips
Sep 24, 2025 • 20min

A subprime auto lender collapsed. Wall Street has questions

In this engaging discussion, Akila Quinio, the US banking correspondent for the Financial Times, delves into the collapse of Tricolor Holdings, a subprime auto lender targeting low-income Hispanic immigrants. Listeners learn about the impact of a federal fraud investigation, the rapid liquidation proceedings, and the unsettling ties between major banks and Tricolor. The conversation also raises questions about the broader implications for consumer credit and Wall Street investors, highlighting the precarious nature of subprime lending in America.
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15 snips
Sep 17, 2025 • 24min

Is there a future for the ‘Amazon of Africa’?

Aanu Adeoye, the West and Central Africa correspondent for the Financial Times, dives into the rise and struggles of Jumia, often dubbed Africa's 'Amazon.' She discusses the challenges of applying Western business models in diverse African markets and highlights Jumia's ambitious turnaround plans amidst investor skepticism. Adeoye examines geographic disconnects, local market dynamics, and the quest for profitability in a competitive landscape. Tune in for insights on navigating the complexities of the African tech scene!

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