Best GlobalCapital Podcasts (2026)

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GlobalCapital's Review 2025 | Outlook 2026 podcast 53:18

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19d ago53:18

53:18

Send us a text ◆ Data centres: crunch time for Europe's capital markets ◆ How AI is changing capital markets work... ◆ ... and hiring It is no secret that data centre financing will be an increasingly important part of the capital markets in the years ahead. But this week we discuss why it is such a vital test for the EU's capital markets and the b…

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ECB baffles bank bond market by mulling AT1 abolition 39:11

26d ago39:11

39:11

Send us a text ◆ Simplification plans boggle bank boffins ◆ Hungry, hungry hyperscalers to push utilities into bond market ◆ A loan in the sand: private credit jostles for place in Middle East debt markets On last week's episode we discussed how the ECB was preparing to recommend simplifications to the way EU banks are regulated, in order to make t…

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Rewriting the rules for private credit and banks 25:34

1M ago25:34

25:34

Send us a text ◆ Private credit and equity to come under oversight for first time... ◆ ... as Bank of England eases burden on banks... ◆ ... amid global shift to lighten up on lenders, with ECB expected next Alternative asset managers will finally come under the Bank of England's scrutiny, the central bank and regulator said this week. We discuss i…

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A tale of two capital markets 41:43

1M ago41:43

41:43

Send us a text ◆ UK government guns for growth but did it miss? ◆ French fancy: FIG in favour again ◆ Pandas and Wontons with the AIIB After months of speculation, the UK government delivered its Autumn Budget this week. The country may have felt like it has been through the worst of times but are we about to enter the best of times? We pick throug…

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Banks, bonuses and the Budget 48:45

2M ago48:45

48:45

Send us a text ◆ Are investment bank bonuses going up this year, and when does everyone get paid? ◆ How the UK government's 'binary' Budget is affecting bank bond issuers ◆ Legal pressure builds on MDBs to reassess climate impact The UK government's Budget announcement next week has been the source of rabid speculation for months. The uncertainty i…

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Why So Much Costs Too Much and What to do About it 1:05:49

2M ago1:05:49

1:05:49

In our capitalist economy, employers pay wages and set prices that together determine whether a decent life is affordable. Employers' goal is to maximize their profit. But employees – the vast majority of us – have different goals. One of them is basic affordability. In this presentation of Global Capitalism, Professor Wolff discusses the factors a…

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Why So Much Costs Too Much and What to do About it 1:05:49

2M ago1:05:49

1:05:49

In our capitalist economy, employers pay wages and set prices that together determine whether a decent life is affordable. Employers' goal is to maximize their profit. But employees – the vast majority of us – have different goals. One of them is basic affordability. In this presentation of Global Capitalism, Professor Wolff discusses the factors a…

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Reining in private credit, AI capex looms over bonds and defence label flaps wings 34:43

2M ago34:43

34:43

Send us a text ◆ Private credit, banks or securitization — which one is regulated too lightly? ◆ How AI capex will affect Europe's bond market ◆ What do defence bonds achieve? Two senior UK bankers were in the House of Lords this week pleading for lighter regulation in the face of competition from private credit and their US rivals. One, Michael Ro…

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US companies light up Europe's bond market as exchanges revise IPO playbook 34:42

2M ago34:42

34:42

Send us a text ◆ Why Europe's corporate bond market is on a roll ◆ Reverse Yankees, hot hybrids and huge size with more to come ◆ Europe's stock exchanges' attempts to drum up more IPOs Market participants had expected this week to be a busy one for euro and sterling investment grade corporate bond issuance. But the volume of business that was done…

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Thought for pause: how bond markets can help after a hurricane 40:47

2M ago40:47

40:47

Send us a text ◆ Pause clauses could add to disaster arsenal ◆ KfW CEO Stefan Wintels on bond digitisation ◆ What ESG backlash? Banks ramp up green bond issuance As Hurricane Melissa ripped through the Carribbean this week, the bond market had a part to play in helping Jamaica fund its recovery from the storm. That came in the form of a catastrophe…

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CLOs in focus, bank issuers plan for trouble, despatch from DC 54:48

2M ago54:48

54:48

Send us a text ◆ What is pushing CLO mezz wider ◆ FIG pre-funding underway ◆ What happened at the World Bank/IMF Annual Meetings The CLO market is both subject to and affects what happens in leveraged loans, risking distortion in the latter. First, we discuss why the riskier bits of the CLO stack are trading wider. Then we delve into why CLOs give …

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Credit Suisse AT1 holders' hollow victory and Islamic innovation 28:05

3M ago28:05

28:05

Send us a text ◆ Holders win write-down ruling but path to recovery uncertain ◆ StrideUp brings Islamic innovation to UK securitization ◆ Emerging market bonds have an off-week (almost) We picked apart a Swiss court ruling this week that overturned the country's financial regulator's decision in March 2023 to write-down Credit Suisse's additional t…

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BlackRock on bonds: ride the tightening 30:26

3M ago30:26

30:26

Send us a text ◆ Why buy bonds when spreads are so tight ◆ Using tech to unearth new economic signals ◆ Playing the shifting relative value pitch This week, in an exclusive interview with world's largest investment manager, BlackRock, we discussed how much tighter credit spreads can go, what is driving it and how the company is adjusting to underly…

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Italy wows in MTNs as CEEMEA bonds fly but SLBs stutter 41:02

3M ago41:02

41:02

Send us a text ◆ Italy dazzles with size as we launch our new MTN Awards ◆ Enel snubs the market it created ◆ Record month for CEEMEA bond issuers Italy showed just what the medium term note market can do for borrowers this week as it priced a €700m deal. We examine what the benefits were to the issuer. We are also launching our first ever dedicate…

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The global cash grab 30:06

3M ago30:06

30:06

Send us a text ◆ QNB deal to pique Gulf interest in euro issuance ◆ Denmark develops green market with EuGB ◆ Foreign AT1s return to Aussie market GlobalCapital began life in 1987 as a weekly newspaper called EuroWeek, dedicated to tracking the international flows of capital developing in the growing Eurobond market. This week provided some classic…

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Seville lore: bond market debates regs and reciprocity 37:37

4M ago37:37

37:37

Send us a text ◆ Bank issuers and investors anticipate EBA report on regulatory equivalence ◆ Mediobanca enters its Monte dei Paschi era ◆ The case for not keeping Russia's money The bank finance industrial complex descended on Seville this week for the European Covered Bond Council Plenary, FT Live's Covered Bond Congress and GlobalCapital's Cover…

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Colombia's European tour as EM issuers enjoy rampant markets 24:40

4M ago24:40

24:40

Send us a text ◆ Colombia turns from Swiss francs to eurozone in funding flurry ◆ CEEMEA issuers enjoy purple patch ◆ A test for US auto ABS as Europe's RMBS market gets boost Colombia has been on a world tour of debt markets lately. It priced a bond in euros this week for the first time in years, following a gargantuan loan in Swiss francs last mo…

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Raving headlines, roaring markets 30:53

4M ago30:53

30:53

Send us a text ◆ Record Gilt and hot sterling bonds give the lie to ‘UK crisis’ chatter ◆ Emerging market bonds bask in rampant demand ◆ Qualms creep into public sector bonds as investors get choosy In a week of sharp contrasts, parts of the bond market are enjoying exceptional conditions for issuance, while others are feeling uneasy. Sometimes bot…

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France: Bayrou, bonds and BPCE 39:53

4M ago39:53

39:53

Send us a text ◆ How French issuers are responding to political ructions ◆ French corporate, agency, bank and sovereign bonds discussed ◆ French lender brings innovative European Defence Bond French prime minister Francois Bayrou's decision this week to hold a confidence vote in his government is likely to be a key influence on European capital mar…

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Bond issuer opportunities: from SSAs to banks (via Australia) 29:57

5M ago29:57

29:57

Send us a text ◆ Why investors are piling into SSA bonds despite the tight spreads ◆ Bank AT1 issuers spy chance ◆ EDF pioneers in Kangaroo market Benchmark bond issuance resumed across asset classes this week. In the SSA market, we investigated why issuers were able to build record order books for huge bonds when spreads are so tight. We also insp…

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Europe's largest asset manager on credit markets 36:35

5M ago36:35

36:35

Send us a text ◆ Exclusive interview with Amundi portfolio manager, Jonathan Manning ◆ Navigating fixed income amid tariff disruption ◆ Investing at tight spreads Yields are high and defying predictions that they will fall. Meanwhile, spreads are tight across credit markets with recent new issues pricing at or through fair value. Then consider erra…

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Credit cracks on as private debt makes incursion into investment grade financing 23:54

5M ago23:54

23:54

Send us a text ◆ Wendel proves the summer market isn't just for the big boys ◆ Trio of new issues show buoyant market for banks ◆ Private credit's threat to the investment grade bond and loan markets Both the investment grade corporate and financial institution bond markets this week hosted stellar new issues, proving that for certain issuers the p…

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P-cap for Pemex as SSAs zero in and insurers prep to print 38:52

5M ago38:52

38:52

Send us a text ◆ Mexico throws Pemex innovative debt lifeline ◆ Callable ZCs in vogue for public sector issuers ◆ Why ECB regs update will drive insurance capital issuance Pemex, Mexico's state-owned energy company, is a storied bond issuer. But lately it has been in a spot of bother. We explain what has been going and what an innovative bit of fin…

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Budgets, bonds and the benefit of the tape 40:41

6M ago40:41

40:41

Send us a text ◆ EU budget ambition to cement issuer status ◆ French spreads ◆ Finally, the European bond market's consolidated tape The European Commission has launched what its president, Ursula von der Leyen has called its "most ambitious" budget proposals. They include a heap of joint borrowing to be done by the EU, cementing its status as a pe…

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UK eases up on regs as smart swaps arrive 34:03

6M ago34:03

34:03

Send us a text ◆ UK rule change cheers covered bonds... ◆ ... as it shelves Taxonomy plans amid wider transition shift ◆ Digital markets: what makes a swap smart The UK is going for growth and is making a regulatory revamp part of that programme. Chancellor of the exchequer Rachel Reeves said this week in her Mansion House speech that "in too many …

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The feel good capital markets podcast of the summer 19:18

6M ago19:18

19:18

Send us a text ◆ Stellar conditions for issuers across the bond market ◆ How bond issuance will pan out over the rest of the year ◆ Dedollarisation discussed The relatively few issuers that took advantage of the primary market this week were well rewarded. US tariffs were kicked down the road once more meaning low volatility and so investors were h…

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SSA bond market nears ultimate spread inversion as Trump bill passes 30:41

6M ago30:41

30:41

Send us a text ◆ SSA yields bump up against US government curve with deficit set to spiral ◆ Waning CEEMEA ESG bond issuance ◆ Leaner, meaner SLL market The SSA bond market has enjoyed its fair share of eye-catching relative value inversions of late. Last year, the likes of Portugal and Spain began trading tighter than France in the European govern…

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Bond markets called up to meet Nato need 32:13

6M ago32:13

32:13

Send us a text ◆ SSA market faces up to escalating defence funding ◆ Arms company bonds in focus ◆ Slovenia's landmark SLB As Nato members agreed — mostly — to ramp up their defence funding to 5% of GDP over the next decade, we asked the SSA bond market how it would handle the extra funding that it will need to provide for that end. Some Nato membe…

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War and why primary credit markets are not as worried as you might think 24:30

7M ago24:30

24:30

Send us a text ◆ Issuance abounds despite Iran-Israel escalation ◆ European securitization regulatory proposals unveiled ◆ A digital first for sovereign bonds If you only consumed mainstream news, the escalating conflict between Israel and Iran — and potentially the US — might lead you to assume that such global turmoil would make it a bad time to …

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Hey EU! Grab this chance by the collar 20:55

7M ago20:55

20:55

Send us a text ◆ How can the EU capitalise on US mistakes? ◆ New US insurers head to euros ◆ The greenest of green The good and the great of Europe's capital markets gathered for the International Capital Market Association conference this month, and the overwhelming consensus among the speakers was that this was a rare chance for Europe to chip aw…

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Could AI revive real intelligence in investment banking? 33:35

7M ago33:35

33:35

Send us a text ◆ How worrying is Section 899? ◆ A summer of toil for public sector issuers ◆ Seesawing curves in FIG The bland outpourings of ChatGPT could not be further from the penetrating, critical advice big companies, governments and investors want from investment banks. But could one foster the other? That is the ideal banks are striving for…

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The great rates conundrum 45:55

7M ago45:55

45:55

Send us a text ◆ EU’s securitization plan leaked ◆ The first new EM sovereign issuer for years ◆ Who can be sued for climate change? Interest rates coming down was supposed to be a sure bet. Now it’s not. Long government bond yields are rising, and not just in the US. Investors are worried — the term premium is climbing, which means it’s not enough…

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Orange and black is the new black swan 32:10

8M ago32:10

32:10

Send us a text ◆ Capital markets' Bloomberg scare ◆ SSAs tipped to go sub-US Treasuries ◆ Jumbos devour credit demand A blip in Bloomberg's terminal services this week delayed bookbuilding on a number of syndications and bond auctions. It passed with seemingly little harm done. But it did reveal how dependent bond issuance and fixed income has beco…

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EBRD meets as Romania faces crunch moment and corp bonds lure FIG buyers 34:29

8M ago34:29

34:29

Send us a text ◆ What happened at the EBRD's Annual Meetings ◆ Romania's new president and the fiscal fright that awaits him ◆ Investors distracted from FIG by US corporates GlobalCapital was on the ground at the European Bank for Reconstruction and Development's Annual Meetings in London this week. We reveal what was discussed and decided, from th…

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Relief as Trump administration gives hints on US MDB support 38:58

8M ago38:58

38:58

Send us a text ◆ US gives further clues on MDB support ◆ FIG issuers face funding choices ◆ What's the point of the EU green bond standard? We surveilled the SSA bond market this week and the development finance world to see what both made of US decisions about financial support for a number of international development funders. The result was reli…

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On This May Day 1:12:14

8M ago1:12:14

1:12:14

We are thrilled to share the replay of Democracy at Work and The Left Forum's special live, in-person Global Capitalism event, held last Wednesday at Women Building Up (WBU). Professor Wolff gave a special "May Day" Global Capitalism Lecture on the impact of President Trump's economic policies and how they are ultimately an attack on working people…

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On This May Day 1:12:14

8M ago1:12:14

1:12:14

We are thrilled to share the replay of Democracy at Work and The Left Forum's special live, in-person Global Capitalism event, held last Wednesday at Women Building Up (WBU). Professor Wolff gave a special "May Day" Global Capitalism Lecture on the impact of President Trump's economic policies and how they are ultimately an attack on working people…

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Sustainability-linked finance's next big test 34:11

8M ago34:11

34:11

Send us a text ◆ SLBs miss targets with hundreds more up for review ◆ US issuers make hay in European sunshine ◆ Banks probe longer dated debt issuance The wave of sustainability-linked bonds that were all the rage a few years ago are now reaching the point where their issuers' performance against their environmental KPIs is being judged. Two issue…

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Development finance reacts to US MDB reform aims as EU looks to cut red tape 36:59

9M ago36:59

36:59

Send us a text ◆ Insiders assess Scott Bessent's speech on MDB reform ◆ European Commission's latest attempt to ease capital market access ◆ Encouraging signs for credit issuers after tariff turmoil The US administration gave some clues as to its beliefs on how the IMF and the World Bank should change their operations for the first time this week s…

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Everyone has a capital markets strategy until they get punched in the face 35:44

9M ago35:44

35:44

Send us a text ◆ Running a bond business in a crisis ◆ Bank issuers find their way back into the bond market ◆ Can frontier emerging market sovereigns fund themselves? This was supposed to be a decent year for banks in the debt and equity capital markets. But the uncertainty generated by a chaotic US tariff policy has wrecked investment banks' abil…

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Flirting with financial crisis 30:33

9M ago30:33

30:33

Send us a text ◆ Did we come close to a full blown crisis before Trump's tariff climbdown? ◆ Will we face another in 90 days' time? ◆ UK regulator's astonishing covered bond ruling We looked this week into whether the US's decision to postpone the imposition of punishing tariffs by 90 days averted a financial crisis, or merely postponed it. The act…

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On the tariff trail from the Rose Garden to Riyadh 31:39

9M ago31:39

31:39

Send us a text ◆ How US tariffs will affect bond issuers in the medium and long term ◆ Liberation Day: your funniest quotes ◆ A funding update from KfW's head of capital markets, Petra Wehlert US president Donald Trump's imposition of a vast swathe of tariffs on imports bludgeoned stock markets this week and proved the stuff of nightmares for inves…

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The bank using AI to find M&A deals 37:39

9M ago37:39

37:39

Send us a text ◆ Farewell, KommuneKredit ◆ Covered bonds advance on SSAs’ territory ◆ Ivory Coast makes funding breakthrough ◆ Romania’s risks Genuinely useful applications of AI are still rare in capital markets, but UniCredit has come up with an intriguing one. It has built a tool called DealSync that is helping it generate M&A mandates. The supr…

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UK plans digital debut as bond market digest EU defence spend plans 43:09

10M ago43:09

43:09

Send us a text ◆ UK fires starting pistol on digital Gilts ◆ SSA market absorbs EU defence funding detail ◆ Credit issuers adjust tactics The UK has begun a consultation as it looks to issue its first digital Gilt - to be called a DiGit. We discuss what the bond will look like and the UK's route to issuance. Elsewhere in the SSA bond market, partic…

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The Old Cold War Fades, A New One Expands 56:27

10M ago56:27

56:27

Professor Wolff will present four key points that reveal the emergence of a new Cold War the U.S. has embarked upon in response to the rise of global alliances from which it is being excluded and that challenge the near century-old American economic dominance. I. The Old Cold War Targeted Communism in the West and the USSR as its Source II. The New…

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The Old Cold War Fades, A New One Expands 56:27

10M ago56:27

56:27

Professor Wolff will present four key points that reveal the emergence of a new Cold War the U.S. has embarked upon in response to the rise of global alliances from which it is being excluded and that challenge the near century-old American economic dominance. I. The Old Cold War Targeted Communism in the West and the USSR as its Source II. The New…

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Trump regime starts to grate on global markets 32:44

10M ago32:44

32:44

Send us a text ◆ DOGE threatens US CMBS recovery ◆ Drill, baby, drill? Borrow, habibi, borrow ◆ Cracks appear in European credit market Just when you thought it was safe to go back into the office... or rather back into commercial mortgage backed securities with offices as the collateral. No sooner has the US CMBS revival begun than US president Do…

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Putting numbers on the defence borrowing hole 21:56

10M ago21:56

21:56

Send us a text ◆ EU puts forward €800bn plan◆ Germany screeches into U-turn on debt brake ◆ Bund yield soars 40bp The spectre of European countries needing to massively increase spending on defence has haunted the capital markets ever since it became clear that US president Donald Trump was really thinking of drastically weakening US military suppo…

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A new bond issuer to bolster European defence 43:53

10M ago43:53

43:53

Send us a text ◆ Rob Murray, the Defence, Security and Resilience Bank's creator, explains all ◆ Why US must be involved ◆ Three point strategy to augment defence spending The idea of a new multilateral bank to help fund defence spending in Europe has shifted to the fore in recent weeks. European leaders are understood to be discussing the idea thi…

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Germany: the sick, ageing but 'comfortable' man of Europe 51:29

10M ago51:29

51:29

Send us a text ◆ German and European spending needs rile SSA market ◆ GSE reform in the US, green reform in the EU ◆ Saudi Arabia leads Gulf diversification out of dollars New German chancellor Friedrich Merz has a lot to tackle when he finally forms his coalition government. Much of it will involve spending more money, which has bond investors on …