Market Maker

Guinevere Taylor didn't study finance. She didn't go to a top-tier uni. But she built a successful career in asset management and after several years as a director at a major sell-side bank, she now leads UK Capital Formation at Brightwood Capital.In this episode, she shares how she broke into the industry, built confidence in client-facing roles, and juggled early motherhood with a demanding career. If you're a student or young professional looking for real, relatable advice on thriving in finance, this conversation is for you.(00:00) Fiji to Finance(02:47) From Credit Cards to Asset Management(06:06) The Importance of Soft Skills in Client Relations(08:57) Balancing Work and Motherhood(11:57) Embracing Diversity and Inclusion(15:09) Why Building Relationships is Key Skill(17:59) Finding your Right Fit(21:06) Networking for Young Professionals(24:05) Advice for Future Generations Hosted on Acast. See acast.com/privacy for more information.

In this podcast episode, Anthony and Stephen unpack the return of mega mergers, from Capital One's $35.5bn takeover of Discover Financial to Nomura's strategic $2bn acquisition.Plus, they dive into why private equity is reshaping the accountancy world through massive consolidation plays like Baker Tilly and Grant Thornton.Whether you're aiming for banking, asset management, accounting, private equity, or advisory, this is essential insight to stay ahead of the curve.(00:00) Introduction to M&A Deals(02:05) Capital One's $35.5 Billion Acquisition(09:02) Nomura's Strategic Acquisition of Macquarie(16:00) Baker Tilly's Acquisition of Moss Adams(25:50) Grant Thornton's Fragmented Structure and PE Involvement***Take a free M&A Finance Accelerator simulation in partnership with UBS www.amplifyme.com/mafa Hosted on Acast. See acast.com/privacy for more information.

What happens when a president hints at firing the Fed chair, markets spiral, and Elon Musk suddenly retreats from Washington?In this episode, Anthony and Piers dissect Trump's headline-grabbing U-turn, the deeper implications for Fed independence, and why Tesla shares soared despite disastrous earnings.Plus, is a US-China trade thaw finally in sight and what could that mean for inflation and rates? Another high-stakes week in global markets made easy to understand for everyone.(01:58) Trump vs Powell: The Current State of Play(05:03) Why Does Trump Want Lower Rates?(06:19) Can Trump actually fire Fed Chair Powell?(09:53) How have Markets Reacted to this Idea?(15:19) The Most Important Story Isn't Trump(18:19) Why Fed Independence is Important(21:18) Is a Japanese and Indian Trade Deal Coming?(25:50) Elon Musk Turns Attention Back to Tesla(33:11) Handling Volatile Markets When Investing Hosted on Acast. See acast.com/privacy for more information.

In part two of our ESG mini-series, Anthony Cheung and Stephen Barnett dive into the backlash that's hit the ESG world: record fund outflows, greenwashing scandals, political pushback, and major asset managers quietly stepping away. But is this really the end… or just the next chapter?They explore why ESG has become so controversial, why the US and Europe are heading in different directions, and whether it's still possible to invest with purpose and make money. Plus, some practical advice for anyone thinking about a career in sustainable finance—especially how to stay grounded when trends shift.If you're looking to understand the bigger picture and where ESG goes from here, this one's for you.(00:00) The State of ESG: Is It Dead?(04:26) US vs. Europe: A Cultural Divide in ESG Commitment(10:04) Greenwashing: The Challenge of Authenticity in ESG(15:12) The Importance of ESG in a Volatile World(19:06) Anti-Fragility: Thriving Through Challenges(22:38) Next Steps: Exploring ESG and Career Paths Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony sits down with Miren-Edurne De Frutos, a senior sales & trading executive with decades of global experience across top-tier investment banks.Fluent in five languages and having worked across eight countries, Miren shares her refreshingly honest take on:What sales & trading roles actually involve (minus the jargon)How to stand out in finance by mastering soft skillsThe power of building authentic, long-term relationshipsWhy neurodiversity still isn't talked about enough in markets and how she's using her voice to change thatFrom waiting tables in New York to pitching complex ideas to institutional clients, Miren's journey is packed with stories, practical advice, and raw insight into what it really takes to succeed and be yourself in finance.Whether you're exploring a career in markets or already navigating one, this is a conversation you don't want to miss.(02:02) Introduction to Career Insights and Neurodiversity(03:56) Understanding Roles in Investment Banking(06:40) How Language Skills Helped(09:09) The Importance of Personal Growth and Adaptability(12:22) Standing Out in a Competitive Environment(15:33) Building Your Board of Directors(19:07) The Art of Selling and Building Relationships(22:45) Networking vs. Relationship Building(26:09) Navigating Neurodiversity in Finance(35:18) Leveraging Technology for Neurodiverse Individuals(38:24) Creating Inclusive Environments in Finance Hosted on Acast. See acast.com/privacy for more information.

Is ESG just a buzzword or does it still matter? In this two-part episode, Anthony Cheung is joined by ESG expert Stephen Barnett to unpack what ESG really means, where it came from, and why it's become so confusing (and controversial). From trillion-dollar funds to wind turbines on glossy brochures, they explore the good, the bad, and the misunderstood. Whether you're curious about impact investing, thinking about a career in sustainable finance, or just want to finally understand what ESG actually means beyond the acronym, this is the episode for you.(00:00) Introduction to ESG and Its Importance(05:43) The Historical Context of ESG(12:22) The Size and Scope of the ESG Industry(18:29) Understanding ESG Investing Strategies(26:16) Impact Investing vs. ESG(31:21) Challenges in ESG Investing(37:16) Philosophical Considerations in ESG Investing Hosted on Acast. See acast.com/privacy for more information.

In one of the wildest weeks on Wall Street since 2008, markets flip from panic to euphoria—thanks to a single Truth Social post and a dramatic policy reversal from Donald Trump. But was it all part of the plan?In this episode, Anthony Cheung and Piers Curran break down:Why the S&P 500 had its biggest one-day jump since the financial crisisThe real asset class that forced Trump's hand (hint: not equities)What bond yields, auction flops, and China's emergency meetings say about global market stressHow traders at JPMorgan are thriving while hedge funds like Renaissance take a beatingAnd what this all means for students and young professionals trying to understand today's marketsFast-moving, high-stakes, and full of insight. This is the episode you need to hear to stay commercially aware!(02:01) Market Movements and Trump's Influence(08:17) The Role of Inflation and Federal Reserve Actions(12:08) Trump's Negotiation Tactics and Market Reactions(17:26) Bond Market Dynamics and Economic Implications(26:55) China's Response and Future Strategies(32:05) Investment Bank Scenarios of What Next?(36:49) Trading Booms & Banking Busts Hosted on Acast. See acast.com/privacy for more information.

What does it take to succeed in quant finance? Anthony Cheung sits down with Nitish Maini, Chief Strategy Officer at WorldQuant, to discuss his journey from consulting to quant trading, the biggest misconceptions about the industry, and why creativity and strategic thinking are just as important as coding skills. They also explore how WorldQuant is reshaping global talent pipelines through initiatives like the WorldQuant BRAIN platform and the International Quant Championship, opening doors for aspiring quants worldwide.If you're interested in quant finance, or just curious to learn more, this episode is for you!Enter the International Quant Championship qr.wqbrain.com/bfqLYvLearn2Quant YouTube series by WorldQuant https://shorturl.at/BR2v6*****(00:00) Introduction to Quantitative Finance and Nitish's Background(08:45) The Difference Between Quant Researcher and Portfolio Manager(19:07) The Evolution of Quantitative Finance(20:55) Demystifying Quant Finance (24:05) WorldQuant: A Unique Approach to Quant Finance(26:06) WorldQuant Brain: Crowdsourcing Alpha Signals(30:01) Learn to Quant: Educational Initiatives(32:16) International Quant Championship: A Global Competition*****(WorldQuant defines alphas as mathematical models that seek to predict the future price movements of various financial instruments) Hosted on Acast. See acast.com/privacy for more information.

In the second half of this two-part series, Anthony and Stephen unpack the political and economic ripple effects of Trump's first term on Nike, European carmakers, EV charging firms, luxury giants like LVMH and even private prison operators. From tariffs to executive orders, find out who's adapting, who's lobbying, and who's quietly making billions.(00:35) Nike's Struggles Amid Trade Wars(09:23) Impact of Tariffs on European Car Manufacturers(17:30) Challenges for EV Charging Companies(22:34) Luxury Brands and Political Influence(25:14) The Rise of Private Prisons Under Trump Hosted on Acast. See acast.com/privacy for more information.

How do you break into finance without a traditional background? Salena Lee, a Director in Real Estate Investment Banking EMEA at JLL, shares her unconventional journey from politics to investment banking and private equity, revealing the challenges, opportunities, and mindset shifts that made it possible.She discusses the importance of self-awareness, networking, and the balance between technical and soft skills in career success. Salena also dives into cultural differences in business, the power of mentorship and sponsorship, and why patience is key to long-term growth.(00:00) Navigating an Unconventional Career Path(03:16) Transitioning into Finance: Challenges and Opportunities(07:31) The Importance of Self-Awareness in Career Growth(10:08) Technical Skills vs. Soft Skills in Finance(12:22) Cultural Influences on Business Practices(16:58) Mastering Presentation Skills(18:54) Realities of Finance Careers: Investment Banking vs. Private Equity(21:55) Managing Stress in High-Pressure Environments(24:14) The Art of Selling Yourself(28:30) The Role of Mentorship and Sponsorship(34:49) The Importance of Patience in Career Development Hosted on Acast. See acast.com/privacy for more information.

What do Tesla, Chevron, Paul Weiss, Accenture, and Boeing all have in common? In this episode, Anthony and Stephen dive into the companies most impacted, positively or negatively, by Donald Trump's latest term in office.From surprise military contracts and stealth fighter jets to sanctions, executive orders, and collapsing EV valuations, this episode breaks down how politics and policy are shaking up corporate America.You'll learn:(00:00) Introduction to Trump's Impact on Companies(02:45) Tesla's Rollercoaster Ride(09:43) Chevron and Tariff Day(13:56) Paul Weiss: Politics and Law(19:41) Accenture's Consulting Challenges(23:11) Boeing's Military Contracts and Future ProspectsThis is Part 1 of a two-part series tracking 10 companies caught in the Trump storm, so remember to follow and tune in next week for part 2! Hosted on Acast. See acast.com/privacy for more information.

Is the UK economy teetering on the edge, or are we all just stuck in a cycle of doomscrolling and media hype?In this episode, Anthony and Piers unpack the headlines dominating UK news, from surprisingly strong retail sales and wage growth to rising inflation forecasts and the Chancellor's latest budget. Is this the start of a turnaround, or just a temporary blip before more pain to come?We explore:(01:24) The UK Economy: A Stagnation Debate(04:21) Retail Sales: Signs of Recovery?(07:10) Wage Growth and Consumer Spending(10:11) Comparing UK and US Consumer Behavior(13:50) Inflation Trends and Economic Outlook(21:52) The Impact of the Budget on the Economy(27:15) Final Thoughts: Is the UK on the Brink?Listen now to find out if the UK is heading for stagnation… or finally shaking off the slump. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Stephen discuss three major business stories: Google's acquisition of cybersecurity firm Wiz for $32 billion, PepsiCo's $2 billion purchase of prebiotic drink brand Poppi, and the record-setting $13 billion raised by Copenhagen Infrastructure Partners for renewable energy investments. The conversation delves into the implications of these deals, the strategic rationale behind acquisitions, and the evolving landscape of ESG investing.(04:21) Major Deals in Tech and Beverage Industries(14:33) The Rise of Poppy and Strategic Acquisitions(25:17) Fast Growth vs Cash Flow Positive Companies(29:11) Renewable Energy Investments and ESG Trends Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Piers break down the latest decisions from the US Federal Reserve and the Bank of England, including why both central banks chose to hold interest rates and what it means for markets.They unpack the implications of quantitative tightening (QT), explore shifts in the Fed's balance sheet, and shed light on the importance of the dot plot and what it signals about future rate cuts. The conversation also covers the debate around transitory inflation, market reactions, and the growing uncertainty clouding the UK economy.Perfect for anyone interested in central banks, monetary policy, macroeconomics, or making sense of today's financial headlines.(00:00) Central Bank Decisions Overview(01:37) Fed's Economic Forecasts and Market Reactions(04:35) Understanding Quantitative Tightening(07:57) The Fed's Balance Sheet and Its Implications(15:48) The Debt Ceiling Issue(20:28) How the Market Reacted(22:38) The Dot Plot Matrix Explained(26:19) Transitory Inflation and Its Implications(30:55) 2nd April is An Important Day(32:39) Peak Global Uncertainty (35:02) The Bank of England's Position and Vote Split Hosted on Acast. See acast.com/privacy for more information.

Former investment banker and private equity professional Emily Cook shares her journey into neuroscience and performance coaching, discussing the challenges and high demands of the finance industry, the importance of networking, and her insights on structured finance.Emily breaks down science-backed strategies for managing stress, boosting productivity, and sustaining peak performance. From breathwork and wearable tech to harnessing the flow state, Emily explains how small shifts can lead to big improvements.Ready to take control of your performance? Tune in to discover actionable strategies to work smarter, stay resilient, and reach your full potential.(02:30) Introduction to Emily's Unique Journey(12:02) Networking: Building Connections in Finance(15:42) Understanding Structured Finance(20:48) Navigating the Private Equity Landscape(23:27) Defining Peak Performance(29:54) Productivity: Common Mistakes and Remedies(33:38) Managing Stress in High-Pressure Environments(41:22) The Role of Wearable Devices(43:59) Understanding Flow State(48:40) Navigating the Flow Cycle(1:00:27) Embracing Uniqueness in Your Journey Hosted on Acast. See acast.com/privacy for more information.

In this episode of The Deal Room, Anthony and Stephen break down the latest high-stakes deals shaking up the investment banking world. From Goldman Sachs' $19 billion port sale and cost-cutting strategy (Project Voyage) to UBS's role in the Walgreens Boots Alliance buyout, they uncover the strategies driving these financial powerhouses.Plus, they explore Europe's push for aerospace self-sufficiency and what Barclays' leadership shake-up means for its ambitious expansion in equity capital markets.If you want to stay ahead of the curve in all things investment banking and private equity, this episode is for you!(00:00) Introduction to The Deal Room & Topics(03:30) Goldman Sachs: Major Deals and Strategies(13:18) Project Voyage: Cost-Cutting and Relocation(18:57) European Aerospace and Defense: Shifts in Advisory(24:37) UBS and the Walgreens Boots Alliance Buyout(31:23) Barclays: Leadership Changes in ECM Hosted on Acast. See acast.com/privacy for more information.

Markets just took a hit, why? In this episode, Anthony and Piers break down the latest global market sell-off, unpacking the forces at play. From fresh tariff announcements and critical CPI data to technical market trends and Trump's strategic economic moves, they dissect what's really driving investor sentiment.How do inflation reports shape policy decisions? What technical signals are traders watching? And what does all of this mean for markets moving forward? Tune in for a fast-paced, insight-packed discussion on the intersection of macro trends, market behavior, and economic strategy.Listen now to stay ahead of the curve.(00:00) Market Overview and Recent Sell-Off(09:15) Technical Analysis and Market Behavior(16:34) CPI Data and Inflation Insights(21:27) Strategic Implications of Economic Policies Hosted on Acast. See acast.com/privacy for more information.

Is the UK losing its edge in deal-making? In this episode, Anthony and Stephen break down the state of M&A, private equity, and IPOs, exploring how Brexit, FTSE 100 performance, and global competition are reshaping the market.Why are UK IPOs struggling against the US?What's driving M&A activity or holding it back?How should investors navigate this shifting landscape?Tune in for expert insights on where the UK market stands and where it's headed!(01:46) Introduction to UK Deal Making Insights(02:51) M&A Trends in the UK(09:35) Private Equity Landscape in the UK(18:36) The State of IPOs in the UK(24:25) Comparative Analysis: UK vs. US IPO Markets(32:46) UK's Position in the European Market Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Piers break down the biggest shifts in global markets, from what's driving the euro's rally against the dollar to the latest signals on US economic sentiment and whether a recession is on the horizon.Tune in now for an easy-to-understand breakdown of the forces shaping markets this week. Hosted on Acast. See acast.com/privacy for more information.

How do you go from a successful career in finance to coaching top executives? In this episode, Hayley shares her journey, from excelling as a student to navigating the trading floor, transitioning into sales, and eventually becoming an executive coach.She breaks down the misconceptions around sales in finance, the raw skills that make a top performer, and why emotional intelligence is the ultimate career superpower. Hayley also dives into the challenges women face in leadership, the power of authenticity, and how young professionals can develop confidence, resilience, and self-advocacy.If you're a student or young professional looking for career clarity, workplace insights, and practical self-improvement tips, this episode is a must-listen! Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Stephen break down the high-stakes earnings of Nvidia and Tesla, two of the most-watched stocks on Wall Street.What's inside?Nvidia's explosive revenue growth – is the AI boom still driving its valuation?Tesla's slowing momentum – what's behind the stagnant growth, and can Musk's bold vision turn things around?Market sentiment & investor reaction – what these earnings mean for the broader stock market.If you're following AI, EVs, or tech stocks, this episode is a must-listen. Tune in now!(00:00) Introduction to Nvidia and Tesla Analysis(01:47) Nvidia's Financial Performance and Market Reaction(06:54) Understanding Nvidia's Gross Profit Margins(12:53) Market Sentiment and Nvidia's Valuation(20:42) Tesla's Earnings and Market Position(23:48) Elon Musk's Vision and Tesla's Future(26:16) Comparative Analysis of Tesla and Nvidia(30:02) Could Tesla and xAI merge?(31:10) Tesla updated DCF Hosted on Acast. See acast.com/privacy for more information.

Are we on the brink of a market shake-up? In this episode, Anthony and Piers break down the latest shifts in market sentiment, key economic indicators, and what's driving investor confidence right now.What's inside?The impact of geopolitics and the US economy on risk appetiteWhy Big Tech is still in the driver's seatThe Nvidia earnings event that could send shockwaves through the marketHow investors are positioning for the next big moveStay ahead of the curve as we unpack the real-time forces shaping financial markets. Tune in now! Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Stephen discuss the recent struggles of BP, the impact of activist investors like Elliott Management, the dramatic drop in Shein's valuation due to external market pressures, and the rising valuations of sports franchises, particularly the New York Giants. The conversation highlights the complexities of corporate strategy, market dynamics, and the influence of political decisions on business valuations.(01:59) Welcome & Introduction(05:11) The Struggles of BP and Activist Investors(16:40) Shein's Valuation Plunge and Market Challenges(27:02) The New York Giants and the Rise of Sports Valuations Hosted on Acast. See acast.com/privacy for more information.

How does a law graduate end up trading leveraged credit at one of the world's leading financial institutions? Emma Baron, Executive Director in Leveraged Credit Trading and Portfolio Management Goldman Sachs Asset Management, shares her unconventional journey into finance.From studying law to starting in broking, pivoting to hedge fund trading, and transitioning into asset management, Emma's career is a masterclass in adaptability. She reveals the key lessons she's learned, why work ethic and self-discovery matter, how empathy and teamwork shape success in trading, and why career paths are rarely linear.For aspiring finance professionals, this episode is packed with insights on embracing unexpected opportunities and thriving in a fast-paced industry. Don't miss it!(02:25) From Law to Finance: An Accidental Journey(09:01) Adapting to New Environments: Overcoming Intimidation(10:19) Why Attitude Matters: The Power of Work Ethic(12:07) Finding Your Fit: The Importance of Self-Discovery(16:09) Empathy in Trading: Why Relationships Matter(22:30) The Impact of Mentors: Lessons from Experience(24:26) Success in Trading: The Role of Teamwork and Support(26:26) Managing Stress in Finance: Surprise Hobbies(28:59) Advice for the Younger Self: Embracing Non-Linearity Hosted on Acast. See acast.com/privacy for more information.

This episode unpacks the high-stakes rivalry between Elon Musk and Sam Altman, diving into the power shifts within OpenAI, its controversial move from a non-profit to a capped-profit model, and the financial pressures shaping its future. We also explore how Trump's administration is reshaping private equity and M&A, while examining the strategic maneuvers and corporate chess moves of Musk and Altman in the rapidly evolving AI space.A deep dive into big personalities, big money, and the battle for AI dominance!(01:36) Welcome & Introduction(03:03) Musk v Altman(05:44) The Birth of OpenAI(14:46) Dealing with Musk(17:20) The Enigma of Sam Altman(28:34) What's Next?(32:00) Private Equity Misfire Hosted on Acast. See acast.com/privacy for more information.

This week, Anthony Cheung and Piers Curran break down Barclays' strong earnings, is their turnaround strategy finally paying off? They also explore why European equities are defying expectations, and what the latest US inflation data means for markets, interest rates, and central bank policy. Plus, a deeper look at trading vs. investing, how do market professionals really think about risk and opportunity?Sharp insights, big questions, and the key market themes you need to know. Tune in now!(01:19) Welcome & Episode Intro(02:53) Barclays' Big Reset(08:38) EU Banks Fight Back(13:58) Investing vs Trading(22:39) US inflation explained(33:52) Market reaction to CPI(40:33) Next big event Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Stephen discuss key topics in the financial industry, focusing on investment banking salaries and bonuses, a fierce private equity battle in Japan, Santander's ambitions in the US market, and the troubled merger talks between Honda and Nissan. The conversation provides insights into the dynamics of compensation in investment banking, the evolving landscape of private equity in Japan, the challenges faced by European banks in the US, and the implications of the Honda-Nissan merger discussions.(00:00) Intro(01:37) Investment Banking Salaries and Bonuses(13:02) Private Equity Battles in Japan(20:07) Santander's Ambitious US Expansion(24:49) Honda and Nissan's Troubled Merger Talks Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Piers break down Trump's idea for a U.S. sovereign wealth fund, what it is, how it works, and why it matters. They explore global examples like Norway's trillion-dollar fund, the potential impact on U.S. debt management, and whether such a fund could reshape economic policy.The conversation then shifts to U.S.-China trade tensions, the latest tariff negotiations, and how markets are reacting to strategic moves from both sides.Tune in for expert insights on finance, geopolitics, and market trends!(00:00) Introduction and Podcast Recognition(01:35) Understanding Sovereign Wealth Funds(05:36) Types and Examples of Sovereign Wealth Funds(19:42) The difference between the EU & Middle East(23:00) The Potential Impact of a US Sovereign Wealth Fund(25:05) Current Tariff Discussions and Market Reactions*****Check out the FeedSpot Best 35 Financial Market Podcasts List https://tinyurl.com/3y332542 Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Stephen break down HSBC's decision to scale back parts of its investment banking business, what's driving the move and what it means for the industry. They also dive into Venture Global's troubled IPO, WH Smith's evolving retail strategy, and what Carlyle has to do with private yachts and prosecco vineyards!(00:00) What's on the docket this week(01:52) HSBC's Strategic Shift in Investment Banking(11:26) Venture Global's Troubled IPO(19:02) WH Smith's Retail Challenges and Opportunities(30:33) Carlisle's Controversial Funding in Italy Hosted on Acast. See acast.com/privacy for more information.

Join Anthony and Piers for a quick take on the latest news rocking markets Monday morning, as they unpack the trillion-dollar market sell-off sparked by Chinese AI startup DeepSeek.This episode dives into the ripple effects of DeepSeek's cost-efficient AI model, the mounting pressure on big tech to adapt, and the broader geopolitical stakes in the intensifying US-China AI race.Tune in for insights on how this breakthrough has changed the dynamics of the AI race and the fortunes of the US stock market. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Stephen discusses the often misunderstood field of corporate banking, highlighting its significance within the financial services industry. He explains the core functions of corporate banking, the career paths available, and the technical skills required for success in this area. Whether you're considering a career in corporate banking or just want to understand its impact, this episode is packed with valuable insights!(01:46) Welcome Back and Introduction(04:43) Understanding Corporate Banking Functions(06:42) Corporate Banking vs M&A pay comparison(11:35) Skills needed to excel in Corporate Banking(15:44) The Profile of a Successful Corporate Banker(19:23) Recruitment in Corporate Banking****Jargon Buster as promised!Leverage RatioWhat it means: Measures the relationship between a company's debt and its earnings (EBITDA).Why it matters: A high leverage ratio indicates a company is using a lot of borrowed money, which can be risky. Banks use this to decide whether to lend and at what cost.Coverage RatioWhat it means: Compares a company's operating profit to its annual interest payments.Why it matters: Shows how easily a company can pay the interest on its debt. Higher ratios are better.Service RatioWhat it means: Looks at whether a company's free cash flow can cover both interest payments and debt repayments.Why it matters: Helps assess the company's ability to handle its total debt obligations over time.Gearing RatioWhat it means: The ratio of a company's debt to its equity.Why it matters: Indicates how much of the company is financed by debt versus shareholders' money. Higher gearing often signals higher financial risk. Hosted on Acast. See acast.com/privacy for more information.

Join Anthony and Piers as they dive into the latest market moves, including the US rally and shifting investments toward European equities.They unpack the impact of Trump's tariffs, the rise of cyclical stocks, and the global trade ripple effects. Plus, hear their take on Netflix's subscriber boom, its bold strategic shifts, and the groundbreaking launch of the Stargate AI infrastructure project.A must-listen for anyone tracking the intersection of markets, tech, and trade!(01:20) Market Rally: A New Dawn(07:42) The Impact of Tariffs and Trade Relations(10:24) Shifts in Investment: US to Europe(15:40) AI Infrastructure: The Stargate Project(22:19) Netflix's Resurgence: Subscriber Growth and Strategy Hosted on Acast. See acast.com/privacy for more information.

In the first episode of our Women in Finance series, Kristine shares her remarkable journey from a small mining town to leading roles at one of the world's top commodity trading houses.Packed with insights on trading, risk management, and career growth, this episode is a masterclass in navigating the fast-paced world of commodities.With candid advice on building skills, networking effectively, and handling pressure, Kristine offers invaluable lessons for anyone aspiring to excel in trading or finance!(01:36) Series Kickoff and Introduction(04:15) Kristine's Path: From College to Cargill(10:27) How Extracurricular Activities Build Career Skills(13:11) Demystifying Commodity Trading(18:43) Must-Have Skills for Successful Traders(26:45) Balancing a High-Stakes Career with Personal Life(29:48) Tackling Imposter Syndrome and Building Confidence(35:37) Navigating Gender Perceptions in Trading(38:47) Strategic Networking for Career Growth(47:35) Overcoming Challenges: Lessons from the Trading Floor(53:43) Why a Great Mentor Makes All the Difference(59:27) The Three Key Ingredients for Career Success(01:06:02) Final Reflections: Life Lessons from Kristine Hosted on Acast. See acast.com/privacy for more information.

In this episode of The Deal Room, Anthony sits down with AmplifyME Co-Founder & CEO Will De Lucy to explore what it takes to thrive under pressure. From his journey as a trader to leading a global financial training platform, Will shares powerful lessons on managing stress, building resilience, and staying in the performance "flow." Discover how to make smarter decisions under pressure, master networking, and adapt your trading skills for a fast-evolving, tech-driven world. Don't miss these actionable insights for success in finance and beyond!(01:58) Intro: What's Coming Up(03:20) Will's Journey: From Trader to CEO(08:01) Managing Stress in High-Pressure Roles(14:45) How to Recover from Bad Decisions(17:45) Finding Your Flow State(20:34) Self-Awareness and Taking Action(22:44) Decision-Making Under Uncertainty(25:07) Steps to Build Resilience(27:22) Networking Advice for Success(30:07) How Tech is Changing Trading Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Piers unpack record-breaking earnings from J.P. Morgan, Goldman Sachs, and Citigroup, driven by surging trading revenue, rising investment banking fees, and resilient consumer spending. With inflation easing in both the UK and US, markets are feeling a sense of relief, fueling optimism for 2025—if geopolitical risks stay contained.Tune in for a fast-paced breakdown of the numbers behind the headlines and what it all means for Wall Street, Main Street, and the year ahead! Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Stephen discuss significant developments in the corporate finance world, including the $3.7 billion acquisition of Getty by Shutterstock, Jensen Huang's keynote speech at CES 2025, and the performance of investment banks as they prepare for a potentially lucrative year ahead. The conversation delves into the implications of these events for the market, the strategies behind the acquisition, and the future of robotics and AI in business.Whether you're into finance, tech, or the future of business, this episode has something for you.Intro (02:32)3 topics for discussion (04:27)Getty Images Shutterstock merger (05:34)Nvidia CES 2025 update (16:40)Investment bank crunch time (27:41) Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony and Piers discuss the current state of the UK market, focusing on the drop in the pound and the significant rise in bond yields. They explore the yield curve dynamics, inflation expectations, and the looming threat of stagflation, while examining the political forces shaping market sentiment and investment strategies in these turbulent times.Should you be worried? You'll have to listen to find out! Hosted on Acast. See acast.com/privacy for more information.

In this episode of The Deal Room, Anthony and Stephen take you through the entire process of selling a business—from the first decision to sell to the final handshake. Whether you're preparing to step away from a business you've built or just curious about the deal-making world, this episode is packed with insights you won't want to miss.You'll learn:How to prepare for a successful business saleThe art of negotiation and building trust in dealsWhy M&A advisors are essential and how they guide the processThe emotional and strategic challenges business owners face during a saleWith real-world examples and expert tips, this episode dives deep into the psychology of selling, due diligence, and the key steps to close the deal with confidence.If you're a business owner, entrepreneur, or student aspiring to break into M&A, this episode is your blueprint to mastering the art of selling a business. Hosted on Acast. See acast.com/privacy for more information.

Anthony Cheung, Stephen Barnett, and Piers Curran explore the biggest financial themes for 2025, including M&A predictions, US debt concerns, and the S&P 500 outlook.Stephen forecasts over $4 trillion in M&A deal value, while Piers warns of rising US deficits and interest payments. They also dive into AI's growing influence, US-China relations, and economic policies under the new administration.From investment strategies to Netflix's stock ahead of Squid Game Season 2, this episode delivers sharp insights and bold predictions for the year ahead.Thank you everyone for following the show this year and wishing you a very Merry Christmas and Happy New Year ahead! Hosted on Acast. See acast.com/privacy for more information.

The U.S. central bank reduced its overnight borrowing rate by a quarter point to a target range of 4.25% to 4.5%, as expected.However, new quarterly forecasts showed several officials penciled in fewer rate cuts for next year than they estimated just a few months ago, and saw inflation making considerably less progress in 2025.The Nasdaq 100 fell 3.6% and the S&P 500 sank nearly 3%The two-year Treasury yield, which is highly sensitive to Fed policy, surged 10 basis points to 4.34%U.S. dollar jumped more than 1% against a basket of six peers to the highest level since November 2022 Hosted on Acast. See acast.com/privacy for more information.

Join Anthony Cheung and Stephen Barnett as they break down 2024's biggest financial stories and trends. From Exxon's game-changing acquisition of Pioneer to Reddit's blockbuster IPO, they explore how the year unfolded in M&A, private credit, and the IPO market.Discover how Nvidia cemented its AI dominance, J.P. Morgan led the pack in investment banking, and BlackRock expanded its footprint in alternative assets. Packed with insights, this episode dives into the power of scale, innovation, and strategic moves shaping the future of finance.Perfect for finance enthusiasts and professionals looking to stay ahead! Hosted on Acast. See acast.com/privacy for more information.

What do chicken wings, Shakira, and Tesla's $400bn milestone have in common? More than you'd think! In this episode, Anthony Cheung and Piers Curran break down the week's market moves, from Tesla's meteoric rise to the surprising connections between pop culture and structured finance.They dive into inflation's grip on market sentiment, what's next from the Fed, and how an aging population is reshaping investment trends. Packed with insights and a few unexpected twists, this is one you won't want to miss!*****Experience Finance now at www.amplifyme.com Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony Cheung and Stephen Barnett discuss the latest news in finance, including Nvidia's cash management and potential M&A strategies, BlackRock's aggressive acquisitions in private markets, ongoing antitrust challenges facing Google, the approval of Vodafone and 3's merger, and a shocking scandal involving Nomura's former banker. The conversation highlights the dynamics of the finance and technology sectors, regulatory challenges, and the implications of corporate strategies.*****Want to experience finance? Check out www.amplifyme.com Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony Cheung and Piers Curran discuss the future of oil prices, influenced by Trump's energy policies and the broader global economic landscape. They explore the implications of political turmoil in France, the concept of 'Japanification' in China, and the overall outlook for the US market amidst various economic risks. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Lewis Rogerson shares his journey, from university and AmplifyME to securing a Rothschild internship and rising to Vice President at The OPES Group.He discusses how he discovered his passion for banking, the key differences between boutique and bulge bracket banks, and his top tips for standing out as an intern.This episode is a must-listen for anyone exploring a career in investment banking!(02:45) Episode Intro(04:28) University Experience(05:34) Discovering an Interest in Banking(07:54) Tips for Converting an Internship(09:04) Bulge Bracket vs. Boutique Banks(12:38) The Value of Interpersonal Skills(14:18) Misconceptions About Work/Life Balance(15:31) Transitioning from London to Miami(19:46) How Seniority Changes the Role(22:30) Embracing an Entrepreneurial Mindset(24:28) The Power of Networking(26:18) Top Resources for Staying Informed*****Want to experience Investment Banking? Try our free M&A Finance Accelerator simulation in partnership with UBS www.amplifyme.com/mafa Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony Cheung and Stephen Barnett explore:Jaguar's controversial rebrand: Marketing brilliance or a risky misstep?The collapse of a high-profile take-private deal and its ripple effects on major banks.A breakdown of PIKs, dividend recaps, and toggles—unpacking the complex mechanics of corporate finance.Tune in to see how finance theory meets real-world drama in today's markets.(00:00) Episode Intro(03:39) The Jaguar Rebrand Controversy(13:26) The Collapse of a Major Take-Private Deal(21:24) Understanding PICs, Dividend Recaps, and Toggles Hosted on Acast. See acast.com/privacy for more information.

Join Anthony Cheung and Piers Curran as they break down two big market stories: the surge in coffee prices to near 50-year highs and a bold forecast for the S&P 500 to hit 7,000 points next year.From droughts in Brazil to Starbucks' supply chain strategies, they unpack the key drivers behind skyrocketing coffee costs and what it means for consumers and the industry. Then, they turn to equities, exploring Deutsche Bank's bullish S&P 500 outlook—covering valuation gaps, buybacks, and how shifting economic cycles could shape the market ahead.Insightful and packed with practical takeaways for anyone looking to understand the forces driving today's markets.***Experience Finance now at www.amplifyme.com Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony Cheung and Stephen Barnett discuss Nvidia's recent earnings report, the implications of Trump's return on M&A activity, and the role of activist investors in corporate strategy. A great conversation connecting corporate finance theory to real-life examples unfolding right now! Hosted on Acast. See acast.com/privacy for more information.

Anthony Cheung and Piers Curran unpack Bitcoin's meteoric rise, the wave of institutional money flooding into crypto, and how hedge funds are playing the market.From Bitcoin ETFs to market psychology, they delve into what's driving the hype and where Bitcoin could be heading as it nears the $100,000 milestone. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony chats with Filip Tomasik, who opens up about his journey from a non-target university to landing roles in investment banking and private equity. Filip shares his take on acing the application process, the real impact of internships, and the strategies that helped him secure full-time roles.They dive into the demands of debt capital markets, the unique challenges of private equity, and the contrasts in work-life balance between the two.This conversation is full of practical tips and insights, whether you're applying for an internship, navigating your first or second year as an analyst, or aiming to transition from the sell-side to the buy-side.(01:58) Introduction and Background(05:12) Coming from a Non-Target School(07:39) Strategies for Success in Finance Applications(16:58) Transitioning from Intern to Analyst(22:53) Tips for Making Your Work Have an Impact(30:00) Understanding Debt Capital Markets(32:00) Pros and cons of working in DCM(37:27) Transitioning from Sell-Side to Buy-Side(39:30) Investment Banking vs Private Equity(49:17) Setting personal goals Hosted on Acast. See acast.com/privacy for more information.

In this conversation, Anthony Cheung and Piers Curran discuss the implications of Donald Trump's return to power on the financial markets, particularly focusing on the US dollar's role as a global reserve currency. They explore how Trump's policies may impact inflation, interest rates, and the economic landscape for emerging markets. The discussion delves into the complexities of the 'doom loop' phenomenon, where rising dollar values can lead to inflationary pressures in other countries, especially those with significant dollar-denominated debt. The conversation concludes with insights on how Trump might leverage these economic dynamics in global politics.(01:52) The Return of Trump and Market Reactions(03:22) The Impact of Trump's Policies on the Dollar(11:14) The Doom Loop: Trade and Financial Implications(20:28) Emerging Markets and Dollar Denominated Debt(31:05) Strategic Leverage in Global Politics Hosted on Acast. See acast.com/privacy for more information.