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Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know.
184 Episodes
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It’s been a rough week for UK assets. The pound fell to its lowest level in a year, gilt yields surged and investors are losing confidence in the government’s ability to control the nation’s deficit and high borrowing costs. Why are things spiraling now? Senior reporter Phil Aldrick joins this week’s In the City to explain. See omnystudio.com/listener for privacy information.
Established in 1689, Lloyd’s of London is a marketplace housing different insurers that sell policies in the UK and around the world. Lloyd’s received more than £50 billion worth of premiums in 2024 alone. All of this is overseen by Chief Executive Officer John Neal, who’s been in the insurance industry for more than four decades. In this episode of In the City, Neal sits down with hosts Francine Lacqua, David Merritt and Allegra Stratton to discuss the difficulties of using artificial intelligence in the insurance industry, how climate change is impacting premiums and the way in which governments can use insurance policies to protect their economies. See omnystudio.com/listener for privacy information.
In 2023, Credit Suisse collapsed, shaking the foundations of the global banking establishment. But for onlookers who were aware of the lender’s numerous afflictions, it’s sudden demise was no surprise at all. From one perspective, the bank’s succession of scandals arguably started as early as its founding some 167 years ago. One of those observers who saw it coming was Bloomberg editor Duncan Mavin, author of Meltdown: Greed, Scandal, and the Collapse of Credit Suisse. Mavin has covered banking malfeasance for more than a decade, which in Europe necessarily involved Credit Suisse on an almost regular basis. In this episode of In The City, Mavin sits down with hosts Francine Lacqua and David Merritt to discuss his book and some of the lesser-known crises at the Swiss bank that led to its downfall. See omnystudio.com/listener for privacy information.
When UBS agreed to buy Credit Suisse in March 2023, it was a pivotal moment for European banking. The government-brokered deal was considered historic and its success was instrumental in containing a crisis that had started to spread across global financial markets. At the center of its success has been Beatriz Martin, head of non-core and legacy operations. Her role is key to this massive restructuring as she sifts through Credit Suisse’s assets and decides which ones to keep and which to wind down. On this week’s episode of In the City, Martin sits down with hosts Francine Lacqua and David Merritt to discuss the process, strategy and progress so far.See omnystudio.com/listener for privacy information.
EMEA News Director Rosalind Mathieson and editor Jennifer Surane join Francine to unpack the headlines from Bloomberg’s inaugural Women, Money & Power event that took place in London this week. Key topics include the outlook for private markets, what another term in the US for Donald Trump means for markets, policy and economies, and the outlook for Europe. See omnystudio.com/listener for privacy information.
Adam Posen, president of the Peterson Institute of International Economics, joins David Merritt and Allegra Stratton to discuss the economic fallout of France's political crisis, the economic effects of Donald Trump's plan for tariffs, and the challenges facing the budget put forth by UK Chancellor of the Exchequer Rachel Reeves.See omnystudio.com/listener for privacy information.
On this week’s In the City, Nat Benjamin, executive director for financial stability strategy and risk and a member of the Financial Policy Committee at the Bank of England, joins hosts Francine Lacqua and Allegra Stratton to discuss the central bank’s latest financial stability report. “The value of this exercise is to put the spotlight on these things in peacetime,” Benjamin explains. “So everyone gets prepared for when shocks happen.” See omnystudio.com/listener for privacy information.
On this episode of In the City, we discuss whether female leaders are taken less seriously than their male counterparts, and what businesses can do about it. Mary Ann Sieghart, author of "The Authority Gap" and visiting professor at the Global Institute for Women’s Leadership at King’s College London, joins hosts Francine Lacqua, David Merritt and Allegra Stratton. See omnystudio.com/listener for privacy information.
In this limited series, Odd Lots explains some of the thorniest issues facing the US economy through the medium of … chicken. Chicken occupies a unique position in the US diet, but issues facing the poultry industry illustrate wider points about the development of the US economy and the decisions being made about how it's structured and who benefits from it. So why has the chicken industry evolved in the way that it has? What’s been driving the price increases in eggs and meat? And what does it all say about things like inflation, the labor market and the nature of American capitalism? Check out Beak Capitalism on Odd Lots wherever you get your podcasts.See omnystudio.com/listener for privacy information.
On this week’s episode of In the City, Bloomberg reporter Ben Stupples, who reports on the world of ultra-wealth, joins hosts Francine Lacqua and David Merritt to talk about the global wealth hubs that are stepping up their charm offensive to lure away UK non-doms. Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll unlock deep reporting, data and analysis from reporters around the world, plus access to a suite of subscriber-only newsletters. See omnystudio.com/listener for privacy information.
In this live recording of In the City, Raspberry Pi founder and Chief Executive Officer Eben Upton and board member Sherry Coutu discuss how the computer maker’s public debut became a bright star in an otherwise gloomy London listings landscape, and they discuss what future shocks the company may have to tackle. See omnystudio.com/listener for privacy information.
Alastair King became London's 696th lord mayor last weekend. He joins Francine and Allegra to share his plan for his year in the job. King says his priorities include regulatory reform, investing in and adopting new technologies, and leveraging the diversity of London's communities. He also discusses his plans for a global tour showcasing the capital's financial industry. See omnystudio.com/listener for privacy information.
Donald Trump is heading back to the White house. What impact will that have on the US-UK relationship? To discuss what this redefined relationship may look like, hosts Francine Lacqua and Allegra Stratton are joined by Sir Nigel Sheinwald. Sir Sheinwald served as Foreign Policy and Defence Advisor to the Prime Minister from 2003 to 2007, then became the UK ambassador to the US from 2007 to 2012. He is also a Non Executive Director of Invesco Ltd, and is Chair of the Royal Institute of International Affairs, also known as Chatham House.See omnystudio.com/listener for privacy information.
Be in the know this election with Bloomberg Podcasts. Follow Bloomberg News Now for up-to-the minute election results, all night long. And go deeper with The Big Take podcast, featuring in-depth global analysis of the US election every day this week. See omnystudio.com/listener for privacy information.
On this episode of Voternomics, hosts Allegra Stratton and Stephanie Flanders discuss decisions by US executives not to endorse either Vice President Kamala Harris or Donald Trump in the presidential election. From Warren Buffet to the Jeff Bezos-owned Washington Post, Charles Elson, founding director of the Weinberg Center for Corporate Governance, argues such displays of impartiality are a “return to the tradition.” Bloomberg Businessweek senior writer and Elon, Inc. podcast contributor Max Chafkin also joins this episode to explain Elon Musk’s devotion to Trump and the potential consequences for his company and the country. What is Tesla set to win or lose in this election? And will Musk be given a government role by Trump should he win? See omnystudio.com/listener for privacy information.
Since her appointment as Chancellor of the Exchequer in July, Rachel Reeves warned that the Autumn Budget would be full of tough measures, including steep tax hikes and spending cuts meant to address the budgetary morass left behind by the last government. Her warnings were followed by a decline in business and consumer confidence, an uptick in voluntary liquidations and even some reports of capital flight. Now that the budget has been revealed, Bloomberg reporter Philip Aldrick tells In the City her warnings may have undersold the historic nature of the Labour government’s first financial statement. See omnystudio.com/listener for privacy information.
On this episode of Voternomics, we discuss former US President Donald Trump’s self-proclaimed favorite word: tariffs. While mainstream economists warn that hiking taxes on certain imports is bad for business, not everyone appears to be of the same mind. That became evident last week during Bloomberg News Editor-in-Chief John Micklethwait’s interview of Trump before the Economic Club of Chicago. The crowd’s enthusiastic reaction to the Republican presidential candidate’s talk of tariffs suggested that many of America’s Midwest businesspeople might take a different view. Hosts Stephanie Flanders, Adrian Wooldridge and Allegra Stratton discuss the roots of Trump’s love of tariffs with Micklethwait himself and consider whether an “America First” approach could win short-term gains for some parts of the US economy, even if it undermines global trade and weakens America’s global standing in the long-term. See omnystudio.com/listener for privacy information.
Entrepreneur and angel investor Rachel Delacour joins Allegra Stratton to discuss why a new EU sustainability law will impact business in the UK and elsewhere.See omnystudio.com/listener for privacy information.
In the immediate aftermath of the 2020 murder of George Floyd by members of the Minneapolis Police Department, countless companies in cities everywhere responded to the worldwide uproar and Black Lives Matter movement by pledging more diversity, equity and inclusion. Bloomberg reporter Tiwa Adebayo, who has been investigating the progress of these initiatives across London, joins In the City to explain what’s happened in the four years since. See omnystudio.com/listener for privacy information.
On this episode of Voternomics. hosts Stephanie Flanders, Allegra Stratton and Adrian Wooldridge are joined by reporter Ailbhe Rea to discuss Stephanie's exclusive interview with UK Prime Minister Keir Starmer at the International Investment Summit in London, and his pushback over capital gains taxes.See omnystudio.com/listener for privacy information.
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