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In 1720, the South Sea Company was one of the most valuable businesses in Britain until a spectacular collapse in its publicly traded shares triggered the country’s first major stock market crisis. At the centre of the story was John Blunt, a shoemaker’s son who rose through the ranks of the financial world to become one of the company’s key architects. In this episode, hosts Robin Wigglesworth and Gillian Tett speak to Professor Thomas Levenson about the speculation and financial engineering that inflated the South Sea Bubble, the strange copycat schemes it inspired and how its dramatic fallout helped reshape modern finance, while leaving Blunt disgraced and forever associated with one of history’s most notorious financial crashes.
Further reading:
Money for Nothing: South Sea Bubble and the Invention of Modern Capitalism (2020), by Thomas Levenson. Levenson’s latest book is A Pox on Fools: The Grifters and Sinners Who Want Us to Reject Vaccines (2026).
Credits: Getty Images
To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here: https://www.youtube.com/@FTTheStoryOfMoney
Hosts: Gillian Tett and Robin Wigglesworth
Producer: Lulu Smyth
Senior Producers: Michela Tindera and Laurence Knight
Executive Producer: Manuela Saragosa
Original music and sound design: Breen Turner
Broadcast engineers: Bianca Wakeman and Petros Giuompasis
Podcast Development: Laura Clarke
FT Global Head of Audio: Flo Phillips
Video editor: Josh Divney and Kristen Kenyon at Podcast Discovery
Learn more at www.ft.com/tsom or get in touch at [email protected].
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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William E Simon was a bond trader-turned US cabinet secretary under President Richard Nixon. He was also abrasive, polarising and the “father of private equity”, according to Hettie O’Brien, author of The Asset Class: How Private Equity Turned Capitalism Against Itself. She tells hosts Gillian Tett and Robin Wigglesworth how Simon orchestrated a deal that was so revolutionary, and so lucrative, that it kickstarted the leveraged buyout trend of the 1980s, which later gave way to the modern private equity industry. But how did we get from that one deal to a sector that’s now one of the largest alternative asset classes in the world? And if he was alive today, what would Simon think of the industry he helped create?
Further reading:
The Asset Class: How Private Equity Turned Capitalism Against Itself, by Hettie O’Brien (2026)
Private capital has raised more money than it has returned
Credits: Getty Images
To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here: https://www.youtube.com/@FTTheStoryOfMoney
Hosts: Gillian Tett and Robin Wigglesworth
Producer: Lulu Smyth
Senior Producers: Michela Tindera and Laurence Knight
Executive Producer: Manuela Saragosa
Original music and sound design: Breen Turner
Broadcast engineers: Bianca Wakeman and Petros Giuompasis
Podcast Development: Laura Clarke
FT Global Head of Audio: Flo Phillips
Video editor: Josh Divney and Kristen Kenyon at Podcast Discovery
Learn more at www.ft.com/tsom or get in touch at [email protected].
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Saknas det avsnitt?
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Today, when you think of a dollar, the US dollar probably comes to mind first. But that hasn’t always been the case. In this episode of The Story of Money, Brendan Greeley, the author of The Almighty Dollar: 500 Years of the World's Most Powerful Money, explains the origins of the world’s first dollar, the Joachimstaler, and the hapless Bohemian count who played a role in its creation. Greeley, and hosts Gillian Tett and Robin Wigglesworth discuss the dollar’s evolution, and whether it may even outlive the current US dollar system.
Further reading:
The Almighty Dollar: 500 Years of the World's Most Powerful Money, by Brendan Greeley (2026)
Credits: Getty Images, Brendan Greeley
To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here: https://www.youtube.com/@FTTheStoryOfMoney
Hosts: Gillian Tett and Robin Wigglesworth
Producer: Lulu Smyth
Senior Producers: Michela Tindera and Laurence Knight
Executive Producer: Manuela Saragosa
Original music and sound design: Breen Turner
Broadcast engineers: Bianca Wakeman and Petros Giuompasis
Podcast Development: Laura Clarke
FT Global Head of Audio: Flo Phillips
Video editor: Josh Divney and Kristen Kenyon at Podcast Discovery
Learn more at www.ft.com/tsom or get in touch at [email protected].
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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In the mid-1990s, Albania appeared to be a nation on the rise. Emerging from decades of isolation and communist rule, people poured their savings into investment schemes that promised extraordinary returns. But many of those schemes were little more than giant Ponzi scams. When they collapsed in early 1997, millions of people lost everything. The financial meltdown triggered mass protests and armed uprisings. The government lost control of large parts of the country and Albania teetered on the edge of civil war. In this episode, we revisit one of the most dramatic financial disasters of the post-cold war era. Host Robin Wigglesworth speaks to Ortenca Aliaj, the FT’s banking editor who was a child in Albania during the crisis, about what it was like to live through the chaos, how the schemes captured an entire nation and what the collapse reveals about the dangerous mix of financial speculation, weak institutions and public trust.
Further reading:
The Shock Doctrine, Naomi Klein
Credits: Getty Images
To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here: https://www.youtube.com/@FTTheStoryOfMoney
Host: Robin Wigglesworth
Producer: Laurence Knight
Executive Producer: Manuela Saragosa
Original music: Breen Turner
Broadcast engineers: Bianca Wakeman and Petros Gioumpasis
Podcast Development: Laura Clarke
Video editor: Kristen Kenyon and Josh Divney at Podcast Discovery
Learn more at www.ft.com/tsom or get in touch at [email protected].
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Today, when people hear the name Richard Nixon, they probably think of Watergate. Few remember another one of his most controversial acts – his suspension of the dollar’s convertibility into gold. The “Nixon Shock” as it became known was a quintessentially America First policy, which shattered the postwar global monetary order. But the US president was far more concerned about juicing the US economy and winning re-election than he was about upsetting America’s closest allies. In this second episode about Nixon’s pivotal decision, Professor Jeffrey Garten tells the story of its aftermath, while hosts Gillian Tett and Robin Wigglesworth explore the parallels with the present-day America First presidency.
Further reading:
Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy, by Jeffrey E Garten (2021)
Gold and the dollar crisis, by Robert Triffin (1960)
Our Dollar, Your Problem, by Kenneth Rogoff (2025)
Credits: Getty Images, Associated Press, the Richard Nixon Presidential Library
To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here: https://www.youtube.com/@FTTheStoryOfMoney
Hosts: Gillian Tett and Robin Wigglesworth
Producer: Laurence Knight
Executive Producer: Manuela Saragosa
Original music: Breen Turner
Broadcast engineers: Bianca Wakeman and Petros Gioumpasis
Podcast Development: Laura Clarke
Video editor: Kristen Kenyon and Josh Divney at Podcast Discovery
Learn more at www.ft.com/tsom or get in touch at [email protected].
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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A century ago, when depositors lost confidence in a bank, they’d rush to withdraw their cash. In 1971, US president Richard Milhous Nixon faced a similar dilemma. But his problem wasn’t ordinary citizens fearing for their savings. Instead, it was America’s closest allies who were nervously eyeing the dwindling supply of gold in Fort Knox at a time when the dollar’s value was tied to gold and allies’ currencies were in turn tied to the dollar. And just like a beleaguered bank manager of yore, Nixon chose to shut America’s doors to further withdrawals. His decision threatened to pull the plug on the entire international monetary system established at Bretton Woods in 1944. It was so unexpected and outrageous, it became known as the “Nixon Shock”. In the first of two episodes on the topic, hosts Gillian Tett and Robin Wigglesworth get the story from economist and ex-financier Jeffrey Garten – a man with a CV so long that he once even worked for the Nixon administration himself.
Further reading:
Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy, by Jeffrey E Garten (2021)
Gold and the dollar crisis, by Robert Triffin (1960)
Credits: Getty Images, the Richard Nixon Presidential Library
To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here: https://www.youtube.com/@FTTheStoryOfMoney
Hosts: Gillian Tett and Robin Wigglesworth
Producer: Laurence Knight
Executive Producer: Manuela Saragosa
Original music: Breen Turner
Broadcast engineers: Bianca Wakeman and Petros Gioumpasis
Podcast Development: Laura Clarke
Video editor: Kristen Kenyon and Josh Divney at Podcast Discovery
Learn more at www.ft.com/tsom or get in touch at [email protected].
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Priscilla Wakefield was a Quaker, writer and social reformer who believed financial security shouldn’t be reserved for the wealthy. Living in late 18th- and early 19th-century England, she founded the country’s first penny savings bank, giving working women and children a safe place to save. Victoria Bateman, author of Economica: A Global History of Women, Wealth and Power, tells hosts Gillian Tett and Robin Wigglesworth about Wakefield’s life, her ideas and how a simple concept — saving small sums — helped spark a quiet revolution in financial inclusion, with lessons for today. But that didn’t stop Wakefield from running into financial problems of her own.
Further reading:
Economica: A global history of women, wealth and power, by Victoria Bateman (2025)
Reflections on the present condition of the female sex, by Priscilla Wakefield, (reprinted 2015, Cambridge University Press)
Credits: Cambridge Library Collection, National Portrait Gallery, Disruption Worthies, National Park Service, Hollinger & Rockey
To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here: / @ftthestoryofmoney
Hosts: Gillian Tett and Robin Wigglesworth
Producers: Lulu Smyth and Laurence Knight
Executive Producers: Flo Phillips and Manuela Saragosa
Original music: Breen Turner
Broadcast engineers: Bianca Wakeman and Petros Giuompasis
Podcast Development: Laura Clarke
Video editor: Kristen Kenyon and Josh Divney at Podcast Discovery
Learn more at www.ft.com/tsom or get in touch at [email protected]
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Take 730 delegates from 44 countries, plus another 2,000 or so hangers-on. House them in a remote, dilapidated hotel with holes in the roof and broken furniture. Deliver a train wagon filled with alcohol. Throw in some Russian spies, German prisoners of war, a troupe of bombshell “secretaries” and a magician. And then have the lead protagonist, the world’s most famous economist, almost die of a heart attack. What does that give you? Only the most successful international monetary negotiation in history. This is the story of the Bretton Woods conference of 1944, as relayed by journalist and author Ed Conway to hosts Gillian Tett and Robin Wigglesworth. The three weeks of chaotic talks would deliver three decades of postwar peace and prosperity, and enthrone the US dollar as the global reserve currency. The discussions also nearly killed Britain’s lead negotiator, John Maynard Keynes, and would later disgrace his US counterpart, Harry Dexter White.
Further reading:
The Summit, by Ed Conway (2015)
The Economic Consequences of the Peace, by John Maynard Keynes (1919)
John Maynard Keynes, biography by Robert Skidelsky in three volumes (1983-2000)
Treasonable Doubt: The Harry Dexter White Spy Case, by R Bruce Craig (2004)
Credits: King’s College Cambridge, the IMF, Dreamstime, Getty Images, the Hulton Archive, Ullstein Bild, Bettmann, Shutterstock, the LIFE Picture Collection, Thomas D McAvoy, Alfred Eisenstaedt, and the Darling Archive.
To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here: https://www.youtube.com/@FTTheStoryOfMoney
Hosts: Gillian Tett and Robin Wigglesworth
Producer: Laurence Knight
Executive Producers: Flo Phillips and Manuela Saragosa
Original music: Breen Turner
Broadcast engineers: Bianca Wakeman and Petros Giuompasis
Podcast Development: Laura Clarke
Video editor: Kristen Kenyon and Josh Divney at Podcast Discovery
Learn more at ft.com/tsom or get in touch at [email protected].
Love listening to FT Podcasts? Join us live on Saturday June 20 at our inaugural NYC FT Weekend Festival at Spring Studios. Put your questions directly to our experts, experience your favourite podcast in person, and see the FT come to life. Register now and enjoy 10% off with code FTPodcast — this is one Saturday you won’t want to miss.
Hosted on Acast. See acast.com/privacy for more information.
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What is money? And what can a small island in Micronesia teach us about how it works? On Yap, a remote island in the western Pacific, giant calcite “Rai” stones once functioned as currency, where ownership and collective trust — rather than physical possession — defined wealth and status. In this episode of The Story of Money, macroeconomist and author Felix Martin joins hosts Gillian Tett and Robin Wigglesworth to explore the stones of Yap, the origins of money and why the traditional “barter theory” may be a myth.
Further reading:
Money: The Unauthorised Biography (2015) by Felix Martin
Uap of the Carolines (1910) by William Henry Furness III
A Treatise on Money (1930) by John Maynard Keynes
The Island of Stone Money (1991) and Money Mischief (1992) by Milton Friedman
‘Tralla La’ in Uncle Scrooge #6 by Carl Barks (1954)
His Majesty O’Keefe (1954) Warner Bros
To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts. You can also follow the show's dedicated YouTube channel here.
Love listening to The Story of Money? Join us live on Saturday, June 20 at our inaugural NYC FT Weekend Festival at Spring Studios. Put your questions directly to our experts, experience your favourite podcast in person, and see the FT come to life. Register now and enjoy 10% off with code FTPodcast — this is one Saturday you won’t want to miss.
Learn more at ft.com/tsom or get in touch at [email protected].
Hosts: Gillian Tett and Robin Wigglesworth
Guest: Felix Martin
Producer: Lulu Smyth
Senior Producers: Laurence Knight and Michela Tindera
Executive Producers: Flo Phillips and Manuela Saragosa
Original music: Breen Turner
Broadcast engineers: Bianca Wakeman and Petros Giuompasis
Podcast Development: Laura Clarke
FT Global Head of Audio: Cheryl Brumley
Video editors: Kristen Kenyon and Josh Divney at Podcast Discovery
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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In 19th-century America almost anyone could print their own money – and many did. One of the most notable figures to take this up was a man named James Brown, a charismatic conman who built a fortune producing fake banknotes. In this episode of The Story of Money, Stephen Mihm, a professor of history at the University of Georgia, introduces hosts Gillian Tett and Robin Wigglesworth to “the hardest working man in counterfeiting”. They discuss the parallels between banking in the Wild West and the advent of cryptocurrencies today, and the role trust plays in all financial systems.
Further reading:
A Nation of Counterfeiters: Capitalists, Con Men, and the Making of the United States, by Stephen Mihm (2007)
The Square and Tower: Networks, Hierarchies and the Struggle for Global Power, by Niall Ferguson (2018)
To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, and also follow the show's dedicated YouTube channel here.
Learn more at ft.com/tsom
Hosts: Gillian Tett and Robin Wigglesworth
Guest: Stephen Mihm
Producer: Lulu Smyth
Senior Producer: Michela Tindera and Laurence Knight
Executive Producers: Flo Phillips and Manuela Saragosa
Original music: Breen Turner
Broadcast engineers: Bianca Wakeman and Petros Giuompasis
Podcast Development: Laura Clarke
FT Global Head of Audio: Cheryl Brumley
Video editor: Kristen Kenyon at Podcast Discovery
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Every now and then a new technology comes along that changes everything – electricity, computers, potentially AI. In mid-19th-century America, that technology was the steam locomotive. It knitted the US economy together, driving the nation’s industrialisation during the Gilded Age. But along the way, it also caused one of the biggest financial crises in American history. FT Alphaville editor Robin Wigglesworth tells his co-host, FT columnist Gillian Tett, the story of the great railway bubble that ended in the Panic of 1873. It’s also the story of the spectacular rise and fall of Jay Cooke, the greatest banker of his day, who lost a fortune betting on a railroad that would eventually span the North American continent – just not in time to repay its debts. Robin and Gillian discuss what lessons the financier’s fate holds for the investors gambling on today’s AI boom.
Credits: New York Times Archive, Otto Herschan Collection/Hulton Archive/Getty Images, Hulton Archive/Getty Images
Further reading:
Jay Cooke: Financier of the Civil War, by Ellis Paxson Oberholtzer (1907)
Jay Cooke's gamble: the Northern Pacific Railroad, the Sioux, and the Panic of 1873, by M John Lubetkin (2006)
Railroaded: The Transcontinentals and the Making of Modern America, by Richard White (2012)
Pop! Why Bubbles Are Great For The Economy, by Daniel Gross (2007)
A Fabulous Debt: The Epic Story of How Bonds Built the Modern World, by Robin Wigglesworth (2026 – forthcoming)
To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here:
Hosts: Gillian Tett and Robin Wigglesworth
Producer: Lulu Smyth
Senior Producers: Michela Tindera and Laurence Knight
Executive Producers: Flo Phillips and Manuela Saragosa
Original music and sound design: Breen Turner
Broadcast engineers: Bianca Wakeman and Petros Giuompasis
Podcast Development: Laura Clarke
FT Global Head of Audio: Cheryl Brumley
Video editor: Josh Divney at Podcast Discovery
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Long before modern economics, rulers such as Hammurabi in ancient Mesopotamia grappled with a political problem that still haunts our economies today: when people’s debts grow faster than their ability to repay them, the entire economic system can start to crack. Hammurabi adopted a radical solution: cancel debts entirely. Amanda H Podany, professor emeritus of history at California State Polytechnic University, Pomona, and a research affiliate at New York University, tells The Story of Money hosts, FT columnist Gillian Tett and FT Alphaville editor Robin Wigglesworth, what these debt jubilees say about how the ancient Mesopotamian economy worked and what it might teach us about debt today.
To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here.
Learn more at ft.com/tsom
Want more?
Check out Dr Podany’s book, Weavers, Scribes, and Kings: A New History of the Ancient Near East
Hosts: Gillian Tett and Robin Wigglesworth
Producer: Lulu Smyth
Senior Producers: Michela Tindera and Laurence Knight
Executive Producers: Flo Phillips and Manuela Saragosa
Original music and sound engineering: Breen Turner
Broadcast engineers: Bianca Wakeman and Petros Gioumpasis
Podcast Development: Laura Clarke
FT Global Head of Audio: Cheryl Brumley
Video editor: Kristen Kenton at Podcast Discovery
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Does scientific, artistic or political brilliance translate into investing success? It’s a topical question with hedge funds today accused of sucking talent away from the rest of the economy. So, the FT’s Gillian Tett and Robin Wigglesworth sat down with reporter Toby Nangle, who has dug into the archives to assess the investment portfolios of Isaac Newton, Charles Darwin, Winston Churchill, John Maynard Keynes and other widely regarded geniuses of the past. What Toby found may surprise you, as will the historical wildcard he’s unearthed.
To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here.
Learn more at ft.com/tsom
Want more?
Read Toby’s full FT article here.
Toby’s sources:
On Churchill: https://www.amazon.co.uk/No-More-Champagne-Churchill-Money/dp/1784081817
On J.M.W. Turner:
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5718586
On John Maynard Keynes:
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2023011
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2287262
On Einstein:
https://einstein-website.de/en/what-happened-to-the-nobel-prize-money/#:~:text=By%20May%201924%2C%20Mileva%20had,visible%20result%20of%20my%20musings%E2%80%9D.
On Jane Austen:
https://jasna.org/publications-2/persuasions-online/vol36no1/toran/
Hosts: Gillian Tett and Robin Wigglesworth
Guest: Toby Nangle
Producer: Lulu Smyth
Senior Producers: Michela Tindera and Laurence Knight
Executive Producers: Flo Phillips and Manuela Saragosa
Original music: Breen Turner
Broadcast engineers: Bianca Wakeman and Petros Giuompasis
Podcast Development: Laura Clarke
FT Global Head of Audio: Cheryl Brumley
Video editor: Josh Divney at Podcast Discovery
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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The economist John Kenneth Galbraith once quipped that “there can be few fields of human endeavour in which history counts for so little as in the world of finance.” This show sets out to prove the opposite. Each week, FT columnist Gillian Tett and FT Alphaville editor Robin Wigglesworth dig into the ideas, personalities and institutions that have shaped global finance. From unregulated banking in 19th-century frontier America to institutionalised debt jubilees in ancient Mesopotamia, and from the birth of credit derivatives to the great market meltdowns of the past, Robin and Gillian uncover the story of money because time and again, the same manias and mistakes resurface. Tune in and you might just understand where the next financial opportunities and disasters could be hiding.
Subscribe to The Story of Money wherever you get your podcasts and watch the show on YouTube.
Learn more about the show at ft.com/tsom, and find out more about Gillian Tett here and Robin Wigglesworth here
Follow FT Alphaville here
Hosts: Gillian Tett and Robin Wigglesworth
Producer: Lulu Smyth
Senior Producer: Michela Tindera
Executive Producers: Flo Phillips and Manuela Saragosa
Original music and sound engineering: Breen Turner
Podcast Development: Laura Clarke
Global Head of Audio: Cheryl Brumley
Hosted on Acast. See acast.com/privacy for more information.
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For our final episode: Education start-up Byju’s quickly became the pride of India during the Covid-19 pandemic. But almost as fast as the company rose, it collapsed. The fallout has already resulted in millions of dollars’ worth of US court sanctions and allegations of witness tampering. The FT’s Mumbai bureau chief Chris Kay has been following the legal drama and examines what Byju’s demise means for India’s burgeoning technology sector.
Clips from Byju’s, US Bankruptcy Court - District of Delaware
The FT does not use generative AI to voice its podcasts.
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Thank you for listening to Behind the Money!
You can stay in touch with host Michela Tindera on X (@mtindera07) and Bluesky (@mtindera.ft.com), follow her on LinkedIn, or email her at [email protected].
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For further reading on this episode:
A fallen Indian tech star and the hunt for its missing millions
‘Screaming into a hurricane’: the fall of India’s most valuable start-up Byju’s
How a teaching app feted by Silicon Valley was left chasing the Indian dream
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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After years of fast-paced growth, private credit is facing intense scrutiny. In recent months, investors have made requests to withdraw billions of dollars from the $2tn sector’s funds. The FT’s US private equity and deals editor Antoine Gara and US investment editor Eric Platt explain how we got to this critical moment, and what may be next for this pocket of Wall Street.
Clips from Bloomberg, CNBC, Fox Business, JPMorgan, US Federal Reserve
The FT does not use generative AI to voice its podcasts.
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For further reading:
Retail investors pull billions from private capital’s credit gold mine
Wall St underestimates private capital problems, says top credit hedge fund
Private credit’s game of footsie is getting riskier
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Follow Antoine Gara on X (@AntoineGara) and Bluesky (@antoinegara.bsky.social). Eric Platt is on X (@ericgplatt) and 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.
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This week, we are revisiting a favorite episode. The natural diamond industry is facing an existential threat: lab-grown diamonds. They are chemically and physically identical to natural stones but they are a fraction of the price. Eleanor Olcott, the FT’s China technology correspondent, travelled to the epicentre of lab-grown diamond production in the central Chinese province of Henan to see how they are made. While the FT’s natural resources editor, Leslie Hook, explores what the sale of De Beers, the natural diamond producer, could mean for the future of the sector.
This episode originally aired on September 10 2025.
Clip from Arnold Worldwide
The FT does not use generative AI to voice its podcasts.
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For further reading (updated):
How the diamond industry lost its sparkle
The sparkle is fading in Africa’s diamond heartland
De Beers likely to be sold to consortium, Anglo chief says
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Follow Leslie Hook on X (@lesliehook) and Eleanor Olcott on X (@EleanorOlcott). 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.
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Introducing Opus Dei, a new season of Untold from the Financial Times. Host Antonia Cundy uncovers the cultural and political influence of a controversial Catholic organisation in America. Opus Dei exists to help people get closer to God, but some members say they found other agendas – and unexpected harm – entangled in that spiritual mission. The first episode of Untold: Opus Dei launches March 25.
Listen on Apple Podcasts, Spotify, Pocket Casts or wherever you get your podcasts.
Hosted on Acast. See acast.com/privacy for more information.
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US President Donald Trump handed crypto companies a huge win last year when he signed a piece of legislation to regulate an important part of the digital currency world: stablecoins. But ever since then, Wall Street banks have been fighting to change parts of the law. The FT’s digital markets correspondent Nikou Asgari explains what’s provoked US banks and who might have the upper hand in this conflict.
Clips from Bank of America, CBS News, CNBC, CNN, Forbes, Fox 5 Atlanta, JPMorgan Chase, The White House
The FT does not use generative AI to voice its podcasts.
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For further reading:
The stablecoin war: Wall Street vs crypto over the future of money
Bitcoin and crypto stocks surge amid relief rally for risky assets
Global crypto assets hit $4tn as industry wins backing of US lawmakers
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Vote for us!
Behind the Money has been nominated for an NYC Podcast Award in the Best Interview Podcast category. It’s an Audience Choice award, which means we need your help to win. Vote for us here. We appreciate your support!
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Follow Nikou Asgari on X (@nikasgari), or on Bluesky (@nikasgari.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.
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Behind the Money has been nominated for an NYC Podcast Award in the Best Interview Podcast category. It’s an Audience Choice award, which means we need your help to win. Vote for us here.
And while you’re at it, vote for some other FT podcasts that have also been nominated. Our Tech Tonic podcast was nominated for Best Science & Tech Podcast. And our Swamp Notes podcast was nominated for Best News, Politics & Public Service Podcast.
We appreciate your support!
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- Visa fler
