Best GlobalCapital Podcasts (2024)

1
The mutual savings bank that loves M&A 41:56

2h ago41:56

41:56

Send us a Text Message. ◆ Natixis’s sometimes requited love affair with elite M&A bankers ◆ What the French election could to ESG, and to the bank bond market When a posse of high-powered Paris dealmakers threatened to walk out of Natixis because they were being treated like “just another employee”, rivals said ‘I told you so’. They were sure Natix…

1
FIG market seeks way past French impasse 47:23

7d ago47:23

47:23

Send us a Text Message. ◆ Banks need a bond market leader, just not a French one ◆ From Golden Goose to lame duck ◆ CMBS problems, rise of solar ABS Europe's banks have been unwilling or unable to issue bonds since French president Emmanuel Macron sent the markets into a tailspin a couple of weeks ago by calling parliamentary elections. We explain …

1
Things fall apart 43:08

14d ago43:08

43:08

Send us a Text Message. ◆ Politics panic slaps SSAs, FIG but what of corporate bonds? ◆ EU denied its wish ◆ Introducing Primary Market Monitor Well, you can't say we didn't warn you. On last week's show we talked about European elections and the likelihood of volatility following the ECB's historic rate cut. Et voila! French president Emmanuel Mac…

1
Taking the pulse of European securitization 52:00

21d ago52:00

52:00

Send us a Text Message. ◆ Private credit, regulation and cuddly toys at Global ABS in Barcelona ◆ What the European parliamentary elections mean for EU bonds and Capital Marekts Union ◆ Will volatility follow the ECB's historic rate cut? The incursion of private credit into the securitization market, and how securitizations are regulated, were two …

1
A tale of two issuers: South Africa and Saudi Arabia 35:36

28d ago35:36

35:36

Send us a Text Message. ◆ Which banks sell in run-up to rate cuts ◆ South Africa election and the bond market ◆ Saudi Arabia leaves peers behind Rates volatility returned to the European FIG market this week. We ask what credits investors are buying ahead of a key ECB monetary policy meeting, when it is expected to cut interest rates, and why. Sout…

1
The trouble with Capital Markets Union, EMEA investment banking and EM bonds 40:58

1M ago40:58

40:58

Send us a Text Message. ◆ Capital Markets Union: gauffre it ◆ The EMEA investment banking riddle ◆ Why EM bond investors keep buying deals that end up under water Mairead McGuinness, the European Commissioner for financial services, financial stability and Capital Markets Union urged those attending the International Capital Markets Association's c…

1
Blockchain bonds on the launchpad as Macron touts big bank M&A 48:34

1M ago48:34

48:34

Send us a Text Message. ◆ A pivotal moment for digital capital markets ◆ Who really benefits from bonds on the blockchain? ◆ FIG M&A in Europe There is no shortage of evangelists for digital capital markets. But adoption of bonds on the blockchain has been slow, not least because it hasn't always been obvious what problem the tech is solving, or ho…

1
From the one that has the market abuzz to the one with 'war next door' — why airline IPOs are stacking up 28:56

2M ago28:56

28:56

Send us a Text Message. ◆ Etihad to lead fleet of airline listings as IPO market and aviation sector blossom ◆ Air Baltic's historic coupon ◆ Open season for bank AT1s An airline IPOs are a rare bird. In the last nine years, there have been three. The industry has rebounded from Covid, however, as UAE carrier Etihad's results proved this week and n…

1
A Marxist Critique of Capitalism for 2024 [May 2024] 59:11

2M ago59:11

59:11

A Marxist Critique of Capitalism for 2024 - Core Issues: Labor, Surplus, Exploitation - Inequality and Injustice - Instability: Cycles and Crises - Alternatives to Capitalism Co-sponsored by Democracy at Work and Left Forum Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Spec…

1
A Marxist Critique of Capitalism for 2024 [May 2024] 59:11

2M ago59:11

59:11

A Marxist Critique of Capitalism for 2024 - Core Issues: Labor, Surplus, Exploitation - Inequality and Injustice - Instability: Cycles and Crises - Alternatives to Capitalism Co-sponsored by Democracy at Work and Left Forum Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Spec…

1
A May Day 2024 Special [May 1st, 2024] 58:50

2M ago58:50

58:50

Today we offer a very special Global Capitalism special in honor of “May Day” Today's May Day Special, a collaborative effort with long-time contributor Charles Fabian, opens with the major causes for why May Day 2024 is so special. These include the fact that the great crash of global capitalism in 2008-2009 shook the world in ways that include sh…

1
A May Day 2024 Special [May 1st, 2024] 58:50

2M ago58:50

58:50

Today we offer a very special Global Capitalism special in honor of “May Day” Today's May Day Special, a collaborative effort with long-time contributor Charles Fabian, opens with the major causes for why May Day 2024 is so special. These include the fact that the great crash of global capitalism in 2008-2009 shook the world in ways that include sh…

1
Is sustainability-linked finance over and who will run HSBC? 41:06

2M ago41:06

41:06

Send us a Text Message. ◆ Sustainability-linked bonds lose appeal... ◆ ... as do the loan versions, come to think of it ◆ The favourites to take over from Quinn at HSBC When Enel missed a KPI on its sustainability-linked bonds, it could have marked a moment of maturation for a youthful product but issuance volumes are plummeting. Meanwhile, the int…

1
The curse of the millstone mandate 53:55

2M ago53:55

53:55

Send us a Text Message. ◆ The 'marginal madate': it seemed like a good idea at the time ◆ GlobalCapital's new columnist, Craig Coben ◆ World Bank boosts lending capacity What do you do when that mandate you accepted in a quiet market to keep busy is still lurking about, taking up time and energy, when the market has picked up and juicier deals are …

1
Callable capital, calling it off and cancelling cornerstones 44:50

2M ago44:50

44:50

Send us a Text Message. ◆ Supranationals speak on callable capital ◆ Bank funding: pricing reset ◆ The demise of the cornerstone investor As the great and the good of the development finance world gathered in Washington, DC for the World Bank/IMF Spring Meetings, multilateral development banks published details about their callable capital, the nex…

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Holy mountain mama: 'nuns on rampage' as W Virginia bans banks in ESG escalation 47:53

3M ago47:53

47:53

Send us a Text Message. ◆ Why everyone from nuns to pro-coal US state treasurers are giving banks stick over ESG ◆ El Salvador's punchy new debt structure ◆ Appetite for duration in covered bonds West Virginia: almost heaven unless you're on state treasurer Riley Moore's list of banks the state won't do business with over fossil fuel financing. But…

1
Do banks’ right hands know what the left is doing? 39:27

3M ago39:27

39:27

Send us a Text Message. ◆ Do investors want unified capital markets coverage? ◆ Corporates fear democracy ◆ Why are FRNs trending? ◆ Second lien mortgages in arrears ― yes please Banks’ urge to cut costs in debt capital markets, especially syndicate desks, is prompting some to call for the ‘global capital markets’ model: one team for equity and all…

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Does experience matter on syndicate desks? 47:21

3M ago47:21

47:21

Send us a Text Message. In the second part of GlobalCapital’s exploration of how bond syndicate desks are changing, after a swathe of the discipline’s senior bankers have been made redundant, we discuss the syndicate job itself. Technology and market transparency have stripped away some of the grunt work, but also made knowledge easier to come by. …

1
Can it really get any better than this? 53:22

3M ago53:22

53:22

Send us a Text Message. ◆ MUFG's Del Canto and SG's Menzies on what comes next for capital markets ◆ The juniorisation of syndicate desks ◆ Two deals pulled despite fantastic markets It was only a few months ago that GlobalCapital asked more than 50 of the bond markets' most senior bankers where they thought the primary markets were headed in 2024 …

1
Why everything works in credit and how the Gilt market is changing 32:37

4M ago32:37

32:37

Send us a Text Message. ◆ The UK is about to embark upon a new, higher funding remit with a key part of its investor base dwindling ◆ Why the FIG bond market is so strong and why it will stay that way ◆ If investors are still leaving EM bond funds, who is buying record amounts of issuance? The UK plans to sell £28bn more Gilts from April — the star…

1
Banks told to stop ratio wrangling, Shein IPO dilemma and Israel bonds 35:30

4M ago35:30

35:30

Send us a Text Message. ◆ Basel gets tough on banks gaming ratio regs ◆ Fast fashion ESG dilemma for London ◆ What drove Israel's record dollar deal The Basel Committee that supervises banks has unearthed evidence that some of the most important banks are window dressing their accounts to meet regulatory requirements. We discuss the illusions being…

1
Retail, real money and Ramadan 44:47

4M ago44:47

44:47

Send us a Text Message. ◆ The consequences of sovereign retail bonds ◆ Asset managers alter covered bond landscape ◆ Ramadan drives Gulf deal surge ◆ One word: plastics As the UK took a step towards including greater retail investor participation in its Gilt auctions, we looked at recent developments among it peers in doing the same and assess the …

1
Is regulatory mayhem throttling Europe? 35:04

4M ago35:04

35:04

Send us a Text Message. ◆ Markets plead for regs pause ◆ Barclays' new strategy ◆ Middle East ECM to take it up a gear On the one hand, the EU wants a Capital Markets Union that will make the bloc a single pool for financing to compete with the US or China. On the other its lust for rules has created an incoherent mess of red tape, choking off any …

1
African default risk after Kenya, Japan lays transition pathway 40:13

5M ago40:13

40:13

Send us a Text Message. ◆ Kenya deal ducks default but two more countries in crosshairs ◆ Transition finance after historic Japanese bond sale ◆ How the IPO revival is a boon for the loan market Kenya may have averted fears of default by raising fresh money this week but already investors are working their way down the list of African sovereigns wi…

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Europe 2024: Disunity, Decline, Despair (Jan/Feb 2024) 1:00:03

5M ago1:00:03

1:00:03

February's Lecture Outline: Europe 2024: Disunity, Decline, Despair Ukraine + Sanctions = European De-industrialization Fascism’s Resurgence/Immigration Caught Between: China Up, US Down Euro-farmers’ Protest: Europe’s Future UK: Conservative and Labor Collapses Co-sponsored by Democracy at Work and Left Forum Thank you for being an integral part o…

1
Europe 2024: Disunity, Decline, Despair (Jan/Feb 2024) 1:00:03

5M ago1:00:03

1:00:03

February's Lecture Outline: Europe 2024: Disunity, Decline, Despair Ukraine + Sanctions = European De-industrialization Fascism’s Resurgence/Immigration Caught Between: China Up, US Down Euro-farmers’ Protest: Europe’s Future UK: Conservative and Labor Collapses Co-sponsored by Democracy at Work and Left Forum Thank you for being an integral part o…

1
Time for the FIG market to get real (estate) 51:03

5M ago51:03

51:03

Send us a Text Message. ◆ Primary market for banks flying but will property burst the bubble? ◆ Japan to debut transition bond as SLLs fall out of favour ◆ Kenya back in bond market The bond market for bank issuers goes from strength to strength. Any trade seems possible in any format and new issue premiums are rarer than hen's teeth. But is a shar…

1
Making bond market history 37:25

5M ago37:25

37:25

Send us a Text Message. ◆ The first of a new asset class in SSA debt ◆ Full inspection of AfDB's landmark deal ◆ A power shift in the European CLO market Years in the making, the first publicly sold hybrid deal from a multilateral development bank arrived this week. The African Development Bank's latest instrument heralds not just the dawn of a new…

1
Banks sued over climate as African govvies return 38:52

5M ago38:52

38:52

Send us a Text Message. ◆ Are lawsuits about funding polluters the next big risk for banks? ◆ Sub-Saharan Africa issuance returns... ◆ ... but will any follow Ivory Coast's lead? The Dutch branch of Friends of the Earth is suing ING over its roll in financing pollution. It is the latest in what may become a wild spread of lawsuits brought against b…

1
Fast money, front-loading and FOMO 28:09

6M ago28:09

28:09

Send us a Text Message. ◆ Records smashed in primary markets but what's driving it? ◆ Why order books are so swollen ◆ Rampant demand but companies want to cut hybrid debt Issuers and investors may agree that this is not a perfect market by any means, but that is not stopping them from getting deals done while they can. Investors are piling into as…

1
Sterling bonanza for corporates and SSAs 51:33

6M ago51:33

51:33

Send us a Text Message. Amid all the records being smashed across primary bond markets this week, one could be forgiven for missing what has been happening in the sterling bond market. But fear not; we were all over it. From remarkable debut deals from corporate issuers to a change in how public sector borrowers approach sterling bond issuance in w…

1
It's all kicking off 44:03

6M ago44:03

44:03

Send us a Text Message. ◆ SSAs throw etiquette out of the window in rapid start to year ◆ Banks blind-sided by sudden correction ◆ Mixed fortunes for corporate issuers The first few days and weeks of January have always been a critical time for capital markets issuers but perhaps this year more than ever. As interest rates have risen and central ba…

1
GlobalCapital's Review 2023 | Outlook 2024 podcast 50:04

7M ago50:04

50:04

Send us a Text Message. ◆ What the most senior debt bankers in the world are worrying about for next year ◆ Who's eating Credit Suisse ◆ If a property company falls in the forest and doesn't make a sound... One of the very biggest investment banking stories this year was the collapse of Credit Suisse. But its rescue by UBS and what the rest of the …

1
Milei, Macro and Mexico 44:53

7M ago44:53

44:53

Send us a Text Message. ◆ Latin America’s bond markets at an (interest rate) inflection point ◆ Who’d be a primary dealer? ◆ What price briiiiidge loans? As GlobalCapital launches the poll for our first dedicated Latin America Bond Awards, our podcast takes a deep dive into the region’s troubled capital markets, with special guest Omotunde Lawal, h…

1
German SSAs face funding uncertainty 19:31

7M ago19:31

19:31

Send us a Text Message. ◆ German court ruling may hit Bund issuance in 2024 ◆ KfW and Länder funding may also be affected ◆ Banks and borrowers shrink loan syndicates The German constitutional court has rocked the country's public sector borrowers just as they finalise their funding needs for 2024. We look at how the new multi-billion euro-sized ho…

1
Dude, where's my greenium? 36:21

7M ago36:21

36:21

Send us a Text Message. ◆ Do green bonds still offer enough reward for issuers? ◆ Crédit Agricole's nuclear option ◆ Banks rush to offer better terms to sub-IG companies Two sovereign issuers recently complained that the pricing advantage of doing a green bond rather than a conventional one — the fabled greenium — was not enough to justify the extr…

1
Bond investors bolster Israel coffers 40:39

8M ago40:39

40:39

Send us a Text Message. ◆ Israel has been loading up on bonds since Hamas attack ◆ Is the SLB market about to come of age? ◆ A fresh innovation in corporate lending Israel has issued almost $5bn worth of bonds since the end of September, an unusual spell of activity for the borrower and one that coincides with its war against Hamas. We examine what…

1
Transatlantic securitization: taking off or final flight? 41:51

8M ago41:51

41:51

Send us a Text Message. ◆ US RMBS sales in Europe: immigration or vacation? ◆ UBS AT1 makes nonsense of claims of investor fears ◆ The EU's last hurrah in the SSA market Concorde and supersonic air travel may be the most famous things that were once yet are no longer transatlantic but the securitization market is another. Stringent regulations sinc…

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Socialism in Today's World: The 4 Kinds 59:55

8M ago59:55

59:55

Democracy at Work in conjunction with The Left Forum Presents: Global Capitalism Live Economic Update with Professor Richard D. Wolff Socialism in Today’s World: the 4 Kinds - 3 Kinds of State Role in Economy - 1 Kind of Workplace Revolution - Saving Capitalism from Itself - Socialism, Fascism and Capitalism’s Decline Co-sponsored by Democracy at W…

1
Socialism in Today's World: The 4 Kinds 59:55

8M ago59:55

59:55

Democracy at Work in conjunction with The Left Forum Presents: Global Capitalism Live Economic Update with Professor Richard D. Wolff Socialism in Today’s World: the 4 Kinds - 3 Kinds of State Role in Economy - 1 Kind of Workplace Revolution - Saving Capitalism from Itself - Socialism, Fascism and Capitalism’s Decline Co-sponsored by Democracy at W…

1
Capital Ideas — The EIB podcast: Financing the climate transition 20:58

8M ago20:58

20:58

Send us a Text Message. Sustainable finance has become a huge market, with issuers all over the world having sold more than $2 trillion of green bonds. Yet the climate emergency is still getting worse. Finance is committed to aligning with the Paris Agreement, but is it on track? In this special podcast supported by the European Investment Bank to …

1
Capital Ideas — The EIB podcast: Financing development in North Africa 16:30

8M ago16:30

16:30

Send us a Text Message. North Africa is one of the most important regions for the European Investment Bank’s financing outside the EU, and one where it sees great potential for funding sustainable development. In this special podcast supported by the European Investment Bank from Marrakech, which is hosting the World Bank and IMF annual meetings, R…

1
The long and winding road to debt relief 42:49

8M ago42:49

42:49

Send us a Text Message. ◆ The Beatles may have a new, if that is the right word, song but one of their classics sums up Zambia's debt restructuring best ◆ The bank treasurer's dilemma ◆ A new index for the covered bond market To say Zambia has had a convoluted route to get to its debt restructuring is something of an understatement. But it has made…

1
'Something has got to give' in the IPO market 32:09

8M ago32:09

32:09

Send us a Text Message. ◆ Why the PE industry is going to have to make the IPO market work ◆ Real estate, real refi risk ◆ Managing the SSA bond pipeline The European IPO market is in a pitiful state. Of the few deals that do make it to book building, some are pulled while some that are priced then tank. Discounts are eye-watering and a lack of liq…

1
Scotland bonds: bridge to independence or road to ruin? 34:55

9M ago34:55

34:55

Send us a Text Message. ◆ Scottish government puzzles bond market with debt plan ◆ Saudi sov wealth fund makes sukuk debut as crisis in Middle East deepens ◆ Supranational hybrids and other highlights from the IMF/World Bank Annual Meetings in Marrakech Scotland's first minister Humza Yousaf caught the attention of the bond market this week by reve…

1
Emerging market bonds: navigating Israel, Hamas and US rates 26:17

9M ago26:17

26:17

Send us a Text Message. ◆ Will Israel-Hamas conflict or US rates derail EM primary? ◆ Europe's IPO market dealt a new blow ◆ Private credit muscling in on investment grade lending Emerging market issuers sold no dollar bonds in the immediate aftermath of both Hamas's attack on Israel on October 7 and Israel's initial response. But the violence was …

1
Rocketing yields change funding landscape for European credit and US securitization 31:10

9M ago31:10

31:10

Send us a Text Message. ◆ IG investors comfort eat sweet spreads ◆ What can FIG issuers do now? ◆ US HEI securitizations: mainstream or flash in pan? With some core government bond benchmarks soaring to their highest yields in over a decade this week, we looked at the effects long term rising interest rates and short-term spikes in yields are havin…

1
Are banks heading for a precipice? 37:36

9M ago37:36

37:36

Send us a Text Message. ◆ Central banks and governments want to take banks’ money ◆Where has the greenium gone? ◆ Direct lending goes investment grade Banks have been having a whale of a time as issuers in the bond market this month, with ample demand. But a whole gang of threats is creeping towards them. Having failed to pass on higher interest ra…

1
The week the Fed paused 36:55

9M ago36:55

36:55

Send us a Text Message. ◆ Should markets rejoice or worry? ◆ FIG borrowers are gung-ho ◆ Topping rates poses quandary for EM ◆ CLO investors sort sheep from goats Capital markets of all stripes wrestled this week with one question: what happens next to interest rates? Each market had its own interpretation, and they were surprisingly different. Pub…

1
Italy's bad idea for bad loans 42:45

10M ago42:45

42:45

Send us a Text Message. ◆ A new NPL threat to Italian banks ◆ Hybrid capital gets a makeover ◆ Covered bond liquidity ◆ SSA market finds its rhythm Reaction in the markets to Italy's plan to allow bad lenders to buy back their loans at a small premium to what the owners paid for them has been both critical and robust. Is it just private investors g…

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