Bad Banks (2018) s01e01 Episode Script
Termination
Daily maximum rate Out of service Shit, it's empty.
There's no money anymore.
Clear the road! The police are protecting the most important banks in the city.
For years economists have been warning that the bankruptcy of the Deutsche Global Invest would have five times the magnitude of the Lehman Brothers bankruptcy.
I'm here.
the grave developments in the economic sector with the sudden disappearance of the mayor of Leipzig, Peter SchultheiÃ.
The politician disappeared without a trace on Friday night.
It's gone.
What for? What for Jana? Dear citizens, this is an urgent appeal of the government: don't get scared about the exaggerated media reports, keep your money in your banks, your money is safe.
Luxembourg, 8 weeks before Flo, up already? Did you sleep well? Do you want sweet or healthy? Sweet! I also want sweet.
No.
Thank you.
Is that enough? Want to have it dry or with milk? With milk please.
I heard two of you talking in the corridor by chance.
One said don't think about your private life, Fenger will make sure you won't have one anymore.
You are the first choice, don't forget that! You're doing something! You work in a bank that has decided to expand the investment banking in Frankfurt and to put a crazy guy like me in charge! His fault.
I know, you are the feared generation Y.
You would like to have the right work life balance and ask yourself if your job fits with your new shoes.
Adam Pohl, your p&l last year was almost 5, right? 4.
8.
Very good, but you could do more! The frustration and the paralysis since 2008 make it seem like the party is over, like we work our ass off for measly returns and unsatisfied customers and we still don't feel we should mention our job on the first date 10 years after the crisis! That frustration is cross-generational.
I'm giving my all to make this bank the global player it once was.
Are you with me? You? You? Are you with me? The developments in the European financial sector in the last few days includes an array of surprises.
Gabriel Fenger is the new head of investment banking for Deutsche Global Invest.
He will manage the "cultural change" of the bank there.
Fenger is known as an aggressive risk taker in the field.
I checked the emails.
I need to make a copy for Madame Leblanc.
Hello! Do you speak French? German? English? I'm German.
Things are chaotic here.
Are you Ms.
Liekam? You were supposed to pick my son up.
Yes, nice to meet you Mr.
Jacoby.
Pick him up there.
And don't tell anyone.
Alright, thank you.
Have a nice day.
From banker to janitor.
- You stink.
- I stink? Morning Luc.
Coffee? I went over what we discussed yesterday.
Do you think we should mention the participation concept? Leave me alone.
We have 2 hours to get to Brussels and I want to sleep.
Luc, I think it's very important to discuss it.
Thanks sweetie.
The market is sated with catastrophic bonds.
But the other catastrophe bonds are actually - It's delicious.
- I believe you.
But all the catastrophe bonds are based on the old regulation standard whereas our product is based on the new one.
An adaptation as an improvement? Luc, what is that? Everything your bank offers me is a waste of time.
The crucial improvement lies in the shareholding chain that lets us reduce the tax burden by 35%.
35% isn't unusually little.
Yes, let's forget about How unusual does it have to be before you sign? 30%? 30% would actually help me.
There's one thing in the chain that I can check.
30% and we're in business.
Luc, can I please explain? The man had no idea, he didn't even look at it.
We have had 30% for a long time, he just bought it! Very good work, sweetie.
You are the best overpaid assistant that has annoyed me.
Luc, I worked on this for months If you want praise, become a nurse.
You'll make less money then.
Take the train, I have to make a phone call.
You asshole! I'll ride the train.
You make me sick.
Lisa? This is Jana.
Can you book a train from Brussels to Luxemburg? No, it's just me.
Thank you.
Shit! Jana Liekam? Could you please come with us? Why? Don't worry.
I'll tell you everything in my office.
What is it about? I know who you are.
Don't worry.
I will Please.
You can leave your things here.
No.
Understood.
Follow me.
Thank you.
Leave it.
I'll take care of it.
It's alright Hey, what is that? Stop! Sorry.
Sorry, I know you don't know who I am, but I want to know from you why I'm being fired.
You are Jana Liekam, budding structurer, and you work with Luc Jacoby, I know who you are.
I don't know if Luc said anything Shut your mouth.
Hello Philippe, it's me.
Listen, Jana Liekam is in my office because she was fired.
Do you know anything about that? Thank you.
You worked on the California catastrophe product.
The most important client is the Gotthard insurance in Berlin.
They just took back their offer because you gave them the wrong numbers.
I don't know anything about that.
Jacoby spoke to the clients and also sent them the numbers.
He claims that I gave the wrong numbers? Don't be so naive Jana! You know what's happening here! What did you do wrong? Did you get on his nerves? Or were you dumb enough to be better than him? I'm always searching for new talents and I've been watching you for months, but what good is your talent if you steal the show from the son of a board member? Alright I accept the rules, I'll apologise to Luc and I'll make sure things are set right with the Gotthard.
Jana, I'm sorry.
Excuse me excuse me, you watched me doing Luc's job for months and now you're letting me get fired because of him? We can discuss it tonight if you want.
Not a word to anyone.
21:00.
Now leave and accept the termination.
No tears, understand Jana? No tears.
They kicked me out and I'm losing it! Stay calm, what's in front of you? I see my hand.
Good, good.
Put it down.
What else do you see? The steering wheel.
I'm losing it! Breathe, breathe deeply, what's there? How many kilometres? How many kilometres, baby? 13,459.
Very good.
How much money do you have on your account? 160,000.
How long can you live off of that? How long? One year maybe.
In case of emergency, how long can you live well off that? - Baby? - 4 years.
4 years, and besides that you have something else.
Something far more important, what could it be? - I have you.
- It's just a job.
Just a crappy job.
Jana Liekam.
Good evening Ms.
Liekam.
This is Tilo Peters from WWK human resources.
I heard about the unfortunate event today and have good news for you.
I work for Deutsche Global Invest in Frankfurt, Gabriel Fenger wants to meet you tomorrow.
Do you have time? Yes? Is your mum home? - It's for you.
- I'm coming.
Hello.
Why is Luc successful? He comes from a very rich family.
He has a great network, received the best education, and is very confident.
Why is Jana successful? Because I'm good.
I fought hard for something people like Luc had from birth.
Which is why you're not naive enough to think that's enough.
- Do you want to be successful? - Of course.
Why? It's astounding how a simple "why" leaves people speechless.
Con you guess why I want to help you? When you came to my office this morning, you learned an important lesson.
There is no loyalty.
Not to your colleagues, not to your bank.
I gave a headhunter from Global in Frankfurt a tip about you because I'd like you to work there.
For 1 or 2 years maybe, and then I'll get you back to the Crédit International.
Your next lesson is that your career is decided by your network, not your bank.
From now on I'm part of your network, if you want.
Did that sound creepy? Call me if you need help, no matter what it is.
Maybe I'll need a favour at some point too.
From now on you don't work for your boss, your colleagues, your bank, from now on you work for you.
I have a job interview in Frankfurt tomorrow.
In the new investment department of Gabriel Fenger.
Deutsche Global Invest, investing in visions.
I was thinking I'd start and I could still look for jobs in Luxembourg.
Are you happy about it? It's the Global! Thank you.
Jana Liekam? Hello, I'm Basia.
- Team assistance.
This is for you.
- Thank you.
- Did you have a nice journey? - Yes.
Morning.
12:30.
Be on time.
Please sil, all good.
Jana Liekam.
I know.
Sit.
What's the asshole's name, Luc Jacoby? His father is in the CI board, Ties Jacoby, do you know him? I've seen him around.
Also an asshole.
Well, let's see, Jana Liekam.
Children, do you have any? My boyfriend has a daughter.
You were the second best in your class in LSF.
Unusual for a woman.
I know.
Ms.
Liekam, I'm not sure if you fit in here, I need real closers.
You aren't one, right? A closer who works for me has no fear of the spotlight.
And definitely isn't scared of an asshole like Luc Jacoby.
I wasn't scared, I had to assist him.
You consider yourself to be the better structurer.
Definitely, yes.
Okay.
You last worked on the California cat bond.
We have a similar product here that isn't far along enough, unfortunately.
You will clone your product here and sell if before the CI.
You will steal Luc Jacoby's client and close the project.
For us, for the Global.
If you do that, I'll hire you.
I need a team for that.
How many tangerines fit in this room? With the furniture or not? Good.
I like people who are self-made.
But they usually fail, because they lack in self-assessment.
Please prove me wrong and finish that asshole.
Okay.
Alright.
- Can we speak unofficially? - Yes.
You.
Very good.
Get out! Hi, we don't know each other yet.
Thao, Associates.
- 4.
8.
- 4.
8, right.
Adam, Thao, I'll speak unofficially.
The cat bond you are working on right now? You have to work on it with a new colleague.
Jana Liekam.
She's sitting there, looking at what you have.
Yes? - Hi, I'm Thao.
- Hello, nice to meet you.
I would suggest a few changes Thai would fit better with the regulatory demands of the insurance.
We have to increase our interest areas because my product in the CI was better.
What is better exactly? It's more optimized for taxes.
I can also do that here, but we don't want the same product, we want something stronger.
- What else do you need? - A tax lawyer would be good.
You'll get one.
We start tomorrow.
I'll send someone who will take care of your apartment.
I'm sure we have something.
Get to work! Thao.
If you have a problem with that, put it on the table.
Why would I? Wow! Look, this is my view.
Behind it is where I work, you can't see it.
The Global.
How massive! This is the kitchen.
Do you see that? "Closing!" "Closing"! Baby, can you explain "closing"? If I manage to close I'll return home very quickly.
You don't need to know more than that I'm an investment banker.
Structured finance and such.
Do you understand? We are making a structured financial product, yes? They are very complex things which are based on certain base values like stock or raw materials.
You can build it however you want.
So that means there's something like a special purpose package and it's put in there and repackaged and it's inside and can be let out again via bonds and the risk is passed on and you can also work with mathematical models, yeah? There are weather derivatives for example.
You speculate on the temperature.
I currently have a great product which speculates on California not having a natural catastrophe in the near future.
We have to check what fiscal domicile is allowed - and what can help at all.
- Yes, but I have to use the fact that I planned it from Luxembourg to my advantage.
- That was rubbish.
- Thinking of the Cayman Islands? The Cayman Islands has the advantage for US investors and for us because Luc's clientele is especially weak in the US.
And so you work on a product for months and try to get something that can really yield something.
You go to the client, there are many types of clients, all of them want to increase their assets, and you have institutions, pension funds, reinsurers, other banks, but you also have private people, high net worth individuals.
Rich assholes who want to get richer.
You don't have to understand it all.
Only the quants are completely in the know, the bank's mathematicians.
They also developed the models and so on.
Here you go.
We just have to have information.
Information is key, yes? That's why I read everything.
I'm the fastest reader in my bank.
And now you're here.
Because of 2 grams of weed.
That doesn't get you here.
I'm with a client.
Jana is selling the same shit as you.
I have to leave.
Thao, do you have the levels? 5 minutes.
One thing is sure.
Jana developed it, she will try to improve it.
The question is, what do we do? - I'll check everything.
- Checking is good, but we have to update everything! New values! I need selling points! I need to go to the clients and say that everything is much better than before, understand? I have to get to them sooner than the little bitch.
How far did the statistics go in CI? Earthquake intensity of 5.
Meaning that if it's over that, his numbers aren't right anymore.
Yes, a damn earthquake! Over 5.
Now you have to update the statistics.
We have to reach all the clients and give them all a new index.
I know that puts us days behind, so get to work! Peter, I looked at everything very carefully.
- I checked everything and - Someone has to work on the offer and I thought you could because you're my friend.
Peter? We are talking about 6 billion, and only 2 billion are financed There was a building freeze, if we don't finance it then it'll become a huge cemetery.
Leipzig is the most wasteful city in Germany.
- We can't just - Who says that? You? - Everyone knows that.
- Like who? - It's in the paper! - What paper? - I can give you the numbers - What numbers? What are you talking about? What have you become? My god, you used to be such a fighter! Not Hamburg, huh? Not Berlin, huh? Stuttgart, they found their way by now, huh? But Leipzig, always Leipzig.
Always up! Poor city! I can't hear this shit anymore! I'll forget it.
I'll agree to bring the refinancing forward.
Really? Maybe it's for the best for us all.
That's Thank you.
That can't be.
The guy He's getting one client after the next.
Yes, thank you, bye.
Luc needs five more clients to close.
Damn.
How did he catch up so fast? A stable network, a lot of luck, good in bed, what do I know.
This makes our meeting even more important Thank you, that's fine.
Do you want to have a look? Any questions, gentlemen? No, everything's clear.
- I know we had to - No, not "we".
You.
You mentioned the tax issue.
Yes, because it's still the big plus of our product.
I still decide what the plus point is for each client.
Adam will take care of the client.
You should back off.
Unknown number - Yes? - Big surprise? - What? - Does if hurt when it's this big? Don't be scared.
That's how it is for most sluts that I have to set straight.
What? Cat got your tongue? No comeback? You can't even do that! What made you think you could go against me? You can't do anything, you're nothing, you'll never be anything.
You pathetic piece of shit! Anonymous Jana Liekam.
This is my private number.
Don't call me on my business phone.
No one can know we're in contact - Sorry.
- You need help because of Luc? Yes, I need to be quicker than Luc otherwise I won't get the job.
How can I help? I thought that if you could thwart him a bit I could close before him.
I am supposed to sabotage my own bank, Jana? You can do better than that.
Good luck.
The bank supervision asks about our control mechanisms.
Do you want all the authorities to keep can eye on us? I need this by next week.
I can't! - You can't? - I'm in the middle of cat bond.
I'm a salesman, can't someone from compliance or someone else do it? You can't mess with supervision, you made a mess and you have to solve it! Understood? Call Ollie Merck PVN Fund Do you still remember me? I'd like to ask a favour.
What? Jana is about to close? No way! Which clients? Sorry for the late disturbance, you didn't answer your phone.
I just wanted to say that I did it.
I just have to go to Berlin, to the Gotthard, the biggest client.
I have to convince him but that'll be easy.
I can convince him, I've known him forever.
- What's wrong with you? - Nothing.
Everything's great! I'll drink a few cups of coffee, get in my car, drive to Berlin, and meet the Gotthard tomorrow, and that will be it! And then the little bitch I would win.
I always win.
Luc Jacoby manipulated the climate study, we have to react immediately.
I always win, Christelle.
- Have a good trip.
- Alright, it's on! It's on! Luc, The bastard, is on his way to his last client Gotthard.
Almost.
Alright.
Adam, I need your help.
You need to send an email to Sievert from Gotthard in ten minutes.
I'll tell you what we'll do now.
What are you doing here? He's already on his way to you? Well, then I guess I'm too late.
I'll definitely listen to what he has to say.
- Yes, do that.
- You were colleagues, weren't you? Yes, I worked for Luc in CI.
Also for this product.
I was the one who integrated the cash sweep enhancement The what? Cash sweep enhancement.
I don't know what that is.
It's the decisive part of the product.
But Luc will explain that all to you.
I honestly don't have a shot against him.
I'm just too late and it won't help if I ramble on about the cash sweep enhancement It sounds interesting.
- Have a good day.
- Thanks, you too.
Bye! Fenger wants to see you.
I'm usually critical about documents.
But here you have a really good and solid triple B and moreover the risks that the risk distribution is right, it's tailor-made for what you need, it fits perfectly.
We've known each other forever, I trust you We made deals when little Liekam was still playing the recorder next to the Christmas tree! Sit down.
Sometimes you rise quickly, sometimes it happens slowly.
But don't be discouraged, okay? If you had won against Luc I would've had a reason to offer you something here right away.
This cash sweep enhancement which you integrated into the product seems to be quite on trend, what is that about? Cash sweep enhancement, that's very important.
If you Should I bring you some water? It wasn't a race against Luc, it was a race against me.
I developed the product in CI and here.
- Luc was just - You are the better structurer.
You are smarter, more competent, but Luc has the awards.
In the end all that counts is who wins.
Excuse me, I have to All of Luc's clients are bailing and want to get on board with us.
Even the Gotthard.
Luc must have messed something up, the CI is recalling their product.
Jana, this cash sweep enhancement, what is that? I made it up.
Tell them anything you want.
Alright.
Welcome to the team.
Welcome to gaga circus.
Well done.
Go! The Deutsche Rück wants to join our cat bond! We will sell it today people! Mr Jacoby? Police.
I didn't call you.
You are suspected of committing fraud.
Stay calm, it will hurt otherwise.
This is a real Lydian coin.
The first coin in the world.
600 BC.
Money back then was exactly the value of the gold it was made out of.
Later on, a piece of paper with a number was enough.
And today we believe the financial app on our cell phones when they tell us we are richer than yesterday.
Well, at least we don't have to carry gold with us.
A simple number is a wonderful thing.
It can mean something different for everyone.
Wealth.
Status.
Recognition.
Addiction.
Adrenaline.
Greed.
Well that's good news! Life.
My god! Everyone has their own drive.
Their own number that they keep wanting to increase, a number they're prepared to do anything for.
Good news.
Luc Jacoby was arrested.
I need more information on Jana Liekam.
Well, family, boyfriend, whatever you can find.
In the Global.
Yes she trusts me, but that's not enough.
And you? Why are you doing all this? Hello! I closed.
Really? Yes, it was intense, and I was in Fenger's office and I think he wanted to kick me out and then suddenly all the phones rang and Luc messed something up and I made it.
Jana won.
When are you coming home? Soon, Flo.
I spoke to the headhunter I mentioned, I will report that to him.
Wait a second.
Noah, I have to hang up.
I'll call you right back.
Bye.
- Hello.
- Good evening.
What do you want? To talk about your future.
About our future cooperation.
After what you have proven in the past weeks, I think we should think bigger.
Bigger?
There's no money anymore.
Clear the road! The police are protecting the most important banks in the city.
For years economists have been warning that the bankruptcy of the Deutsche Global Invest would have five times the magnitude of the Lehman Brothers bankruptcy.
I'm here.
the grave developments in the economic sector with the sudden disappearance of the mayor of Leipzig, Peter SchultheiÃ.
The politician disappeared without a trace on Friday night.
It's gone.
What for? What for Jana? Dear citizens, this is an urgent appeal of the government: don't get scared about the exaggerated media reports, keep your money in your banks, your money is safe.
Luxembourg, 8 weeks before Flo, up already? Did you sleep well? Do you want sweet or healthy? Sweet! I also want sweet.
No.
Thank you.
Is that enough? Want to have it dry or with milk? With milk please.
I heard two of you talking in the corridor by chance.
One said don't think about your private life, Fenger will make sure you won't have one anymore.
You are the first choice, don't forget that! You're doing something! You work in a bank that has decided to expand the investment banking in Frankfurt and to put a crazy guy like me in charge! His fault.
I know, you are the feared generation Y.
You would like to have the right work life balance and ask yourself if your job fits with your new shoes.
Adam Pohl, your p&l last year was almost 5, right? 4.
8.
Very good, but you could do more! The frustration and the paralysis since 2008 make it seem like the party is over, like we work our ass off for measly returns and unsatisfied customers and we still don't feel we should mention our job on the first date 10 years after the crisis! That frustration is cross-generational.
I'm giving my all to make this bank the global player it once was.
Are you with me? You? You? Are you with me? The developments in the European financial sector in the last few days includes an array of surprises.
Gabriel Fenger is the new head of investment banking for Deutsche Global Invest.
He will manage the "cultural change" of the bank there.
Fenger is known as an aggressive risk taker in the field.
I checked the emails.
I need to make a copy for Madame Leblanc.
Hello! Do you speak French? German? English? I'm German.
Things are chaotic here.
Are you Ms.
Liekam? You were supposed to pick my son up.
Yes, nice to meet you Mr.
Jacoby.
Pick him up there.
And don't tell anyone.
Alright, thank you.
Have a nice day.
From banker to janitor.
- You stink.
- I stink? Morning Luc.
Coffee? I went over what we discussed yesterday.
Do you think we should mention the participation concept? Leave me alone.
We have 2 hours to get to Brussels and I want to sleep.
Luc, I think it's very important to discuss it.
Thanks sweetie.
The market is sated with catastrophic bonds.
But the other catastrophe bonds are actually - It's delicious.
- I believe you.
But all the catastrophe bonds are based on the old regulation standard whereas our product is based on the new one.
An adaptation as an improvement? Luc, what is that? Everything your bank offers me is a waste of time.
The crucial improvement lies in the shareholding chain that lets us reduce the tax burden by 35%.
35% isn't unusually little.
Yes, let's forget about How unusual does it have to be before you sign? 30%? 30% would actually help me.
There's one thing in the chain that I can check.
30% and we're in business.
Luc, can I please explain? The man had no idea, he didn't even look at it.
We have had 30% for a long time, he just bought it! Very good work, sweetie.
You are the best overpaid assistant that has annoyed me.
Luc, I worked on this for months If you want praise, become a nurse.
You'll make less money then.
Take the train, I have to make a phone call.
You asshole! I'll ride the train.
You make me sick.
Lisa? This is Jana.
Can you book a train from Brussels to Luxemburg? No, it's just me.
Thank you.
Shit! Jana Liekam? Could you please come with us? Why? Don't worry.
I'll tell you everything in my office.
What is it about? I know who you are.
Don't worry.
I will Please.
You can leave your things here.
No.
Understood.
Follow me.
Thank you.
Leave it.
I'll take care of it.
It's alright Hey, what is that? Stop! Sorry.
Sorry, I know you don't know who I am, but I want to know from you why I'm being fired.
You are Jana Liekam, budding structurer, and you work with Luc Jacoby, I know who you are.
I don't know if Luc said anything Shut your mouth.
Hello Philippe, it's me.
Listen, Jana Liekam is in my office because she was fired.
Do you know anything about that? Thank you.
You worked on the California catastrophe product.
The most important client is the Gotthard insurance in Berlin.
They just took back their offer because you gave them the wrong numbers.
I don't know anything about that.
Jacoby spoke to the clients and also sent them the numbers.
He claims that I gave the wrong numbers? Don't be so naive Jana! You know what's happening here! What did you do wrong? Did you get on his nerves? Or were you dumb enough to be better than him? I'm always searching for new talents and I've been watching you for months, but what good is your talent if you steal the show from the son of a board member? Alright I accept the rules, I'll apologise to Luc and I'll make sure things are set right with the Gotthard.
Jana, I'm sorry.
Excuse me excuse me, you watched me doing Luc's job for months and now you're letting me get fired because of him? We can discuss it tonight if you want.
Not a word to anyone.
21:00.
Now leave and accept the termination.
No tears, understand Jana? No tears.
They kicked me out and I'm losing it! Stay calm, what's in front of you? I see my hand.
Good, good.
Put it down.
What else do you see? The steering wheel.
I'm losing it! Breathe, breathe deeply, what's there? How many kilometres? How many kilometres, baby? 13,459.
Very good.
How much money do you have on your account? 160,000.
How long can you live off of that? How long? One year maybe.
In case of emergency, how long can you live well off that? - Baby? - 4 years.
4 years, and besides that you have something else.
Something far more important, what could it be? - I have you.
- It's just a job.
Just a crappy job.
Jana Liekam.
Good evening Ms.
Liekam.
This is Tilo Peters from WWK human resources.
I heard about the unfortunate event today and have good news for you.
I work for Deutsche Global Invest in Frankfurt, Gabriel Fenger wants to meet you tomorrow.
Do you have time? Yes? Is your mum home? - It's for you.
- I'm coming.
Hello.
Why is Luc successful? He comes from a very rich family.
He has a great network, received the best education, and is very confident.
Why is Jana successful? Because I'm good.
I fought hard for something people like Luc had from birth.
Which is why you're not naive enough to think that's enough.
- Do you want to be successful? - Of course.
Why? It's astounding how a simple "why" leaves people speechless.
Con you guess why I want to help you? When you came to my office this morning, you learned an important lesson.
There is no loyalty.
Not to your colleagues, not to your bank.
I gave a headhunter from Global in Frankfurt a tip about you because I'd like you to work there.
For 1 or 2 years maybe, and then I'll get you back to the Crédit International.
Your next lesson is that your career is decided by your network, not your bank.
From now on I'm part of your network, if you want.
Did that sound creepy? Call me if you need help, no matter what it is.
Maybe I'll need a favour at some point too.
From now on you don't work for your boss, your colleagues, your bank, from now on you work for you.
I have a job interview in Frankfurt tomorrow.
In the new investment department of Gabriel Fenger.
Deutsche Global Invest, investing in visions.
I was thinking I'd start and I could still look for jobs in Luxembourg.
Are you happy about it? It's the Global! Thank you.
Jana Liekam? Hello, I'm Basia.
- Team assistance.
This is for you.
- Thank you.
- Did you have a nice journey? - Yes.
Morning.
12:30.
Be on time.
Please sil, all good.
Jana Liekam.
I know.
Sit.
What's the asshole's name, Luc Jacoby? His father is in the CI board, Ties Jacoby, do you know him? I've seen him around.
Also an asshole.
Well, let's see, Jana Liekam.
Children, do you have any? My boyfriend has a daughter.
You were the second best in your class in LSF.
Unusual for a woman.
I know.
Ms.
Liekam, I'm not sure if you fit in here, I need real closers.
You aren't one, right? A closer who works for me has no fear of the spotlight.
And definitely isn't scared of an asshole like Luc Jacoby.
I wasn't scared, I had to assist him.
You consider yourself to be the better structurer.
Definitely, yes.
Okay.
You last worked on the California cat bond.
We have a similar product here that isn't far along enough, unfortunately.
You will clone your product here and sell if before the CI.
You will steal Luc Jacoby's client and close the project.
For us, for the Global.
If you do that, I'll hire you.
I need a team for that.
How many tangerines fit in this room? With the furniture or not? Good.
I like people who are self-made.
But they usually fail, because they lack in self-assessment.
Please prove me wrong and finish that asshole.
Okay.
Alright.
- Can we speak unofficially? - Yes.
You.
Very good.
Get out! Hi, we don't know each other yet.
Thao, Associates.
- 4.
8.
- 4.
8, right.
Adam, Thao, I'll speak unofficially.
The cat bond you are working on right now? You have to work on it with a new colleague.
Jana Liekam.
She's sitting there, looking at what you have.
Yes? - Hi, I'm Thao.
- Hello, nice to meet you.
I would suggest a few changes Thai would fit better with the regulatory demands of the insurance.
We have to increase our interest areas because my product in the CI was better.
What is better exactly? It's more optimized for taxes.
I can also do that here, but we don't want the same product, we want something stronger.
- What else do you need? - A tax lawyer would be good.
You'll get one.
We start tomorrow.
I'll send someone who will take care of your apartment.
I'm sure we have something.
Get to work! Thao.
If you have a problem with that, put it on the table.
Why would I? Wow! Look, this is my view.
Behind it is where I work, you can't see it.
The Global.
How massive! This is the kitchen.
Do you see that? "Closing!" "Closing"! Baby, can you explain "closing"? If I manage to close I'll return home very quickly.
You don't need to know more than that I'm an investment banker.
Structured finance and such.
Do you understand? We are making a structured financial product, yes? They are very complex things which are based on certain base values like stock or raw materials.
You can build it however you want.
So that means there's something like a special purpose package and it's put in there and repackaged and it's inside and can be let out again via bonds and the risk is passed on and you can also work with mathematical models, yeah? There are weather derivatives for example.
You speculate on the temperature.
I currently have a great product which speculates on California not having a natural catastrophe in the near future.
We have to check what fiscal domicile is allowed - and what can help at all.
- Yes, but I have to use the fact that I planned it from Luxembourg to my advantage.
- That was rubbish.
- Thinking of the Cayman Islands? The Cayman Islands has the advantage for US investors and for us because Luc's clientele is especially weak in the US.
And so you work on a product for months and try to get something that can really yield something.
You go to the client, there are many types of clients, all of them want to increase their assets, and you have institutions, pension funds, reinsurers, other banks, but you also have private people, high net worth individuals.
Rich assholes who want to get richer.
You don't have to understand it all.
Only the quants are completely in the know, the bank's mathematicians.
They also developed the models and so on.
Here you go.
We just have to have information.
Information is key, yes? That's why I read everything.
I'm the fastest reader in my bank.
And now you're here.
Because of 2 grams of weed.
That doesn't get you here.
I'm with a client.
Jana is selling the same shit as you.
I have to leave.
Thao, do you have the levels? 5 minutes.
One thing is sure.
Jana developed it, she will try to improve it.
The question is, what do we do? - I'll check everything.
- Checking is good, but we have to update everything! New values! I need selling points! I need to go to the clients and say that everything is much better than before, understand? I have to get to them sooner than the little bitch.
How far did the statistics go in CI? Earthquake intensity of 5.
Meaning that if it's over that, his numbers aren't right anymore.
Yes, a damn earthquake! Over 5.
Now you have to update the statistics.
We have to reach all the clients and give them all a new index.
I know that puts us days behind, so get to work! Peter, I looked at everything very carefully.
- I checked everything and - Someone has to work on the offer and I thought you could because you're my friend.
Peter? We are talking about 6 billion, and only 2 billion are financed There was a building freeze, if we don't finance it then it'll become a huge cemetery.
Leipzig is the most wasteful city in Germany.
- We can't just - Who says that? You? - Everyone knows that.
- Like who? - It's in the paper! - What paper? - I can give you the numbers - What numbers? What are you talking about? What have you become? My god, you used to be such a fighter! Not Hamburg, huh? Not Berlin, huh? Stuttgart, they found their way by now, huh? But Leipzig, always Leipzig.
Always up! Poor city! I can't hear this shit anymore! I'll forget it.
I'll agree to bring the refinancing forward.
Really? Maybe it's for the best for us all.
That's Thank you.
That can't be.
The guy He's getting one client after the next.
Yes, thank you, bye.
Luc needs five more clients to close.
Damn.
How did he catch up so fast? A stable network, a lot of luck, good in bed, what do I know.
This makes our meeting even more important Thank you, that's fine.
Do you want to have a look? Any questions, gentlemen? No, everything's clear.
- I know we had to - No, not "we".
You.
You mentioned the tax issue.
Yes, because it's still the big plus of our product.
I still decide what the plus point is for each client.
Adam will take care of the client.
You should back off.
Unknown number - Yes? - Big surprise? - What? - Does if hurt when it's this big? Don't be scared.
That's how it is for most sluts that I have to set straight.
What? Cat got your tongue? No comeback? You can't even do that! What made you think you could go against me? You can't do anything, you're nothing, you'll never be anything.
You pathetic piece of shit! Anonymous Jana Liekam.
This is my private number.
Don't call me on my business phone.
No one can know we're in contact - Sorry.
- You need help because of Luc? Yes, I need to be quicker than Luc otherwise I won't get the job.
How can I help? I thought that if you could thwart him a bit I could close before him.
I am supposed to sabotage my own bank, Jana? You can do better than that.
Good luck.
The bank supervision asks about our control mechanisms.
Do you want all the authorities to keep can eye on us? I need this by next week.
I can't! - You can't? - I'm in the middle of cat bond.
I'm a salesman, can't someone from compliance or someone else do it? You can't mess with supervision, you made a mess and you have to solve it! Understood? Call Ollie Merck PVN Fund Do you still remember me? I'd like to ask a favour.
What? Jana is about to close? No way! Which clients? Sorry for the late disturbance, you didn't answer your phone.
I just wanted to say that I did it.
I just have to go to Berlin, to the Gotthard, the biggest client.
I have to convince him but that'll be easy.
I can convince him, I've known him forever.
- What's wrong with you? - Nothing.
Everything's great! I'll drink a few cups of coffee, get in my car, drive to Berlin, and meet the Gotthard tomorrow, and that will be it! And then the little bitch I would win.
I always win.
Luc Jacoby manipulated the climate study, we have to react immediately.
I always win, Christelle.
- Have a good trip.
- Alright, it's on! It's on! Luc, The bastard, is on his way to his last client Gotthard.
Almost.
Alright.
Adam, I need your help.
You need to send an email to Sievert from Gotthard in ten minutes.
I'll tell you what we'll do now.
What are you doing here? He's already on his way to you? Well, then I guess I'm too late.
I'll definitely listen to what he has to say.
- Yes, do that.
- You were colleagues, weren't you? Yes, I worked for Luc in CI.
Also for this product.
I was the one who integrated the cash sweep enhancement The what? Cash sweep enhancement.
I don't know what that is.
It's the decisive part of the product.
But Luc will explain that all to you.
I honestly don't have a shot against him.
I'm just too late and it won't help if I ramble on about the cash sweep enhancement It sounds interesting.
- Have a good day.
- Thanks, you too.
Bye! Fenger wants to see you.
I'm usually critical about documents.
But here you have a really good and solid triple B and moreover the risks that the risk distribution is right, it's tailor-made for what you need, it fits perfectly.
We've known each other forever, I trust you We made deals when little Liekam was still playing the recorder next to the Christmas tree! Sit down.
Sometimes you rise quickly, sometimes it happens slowly.
But don't be discouraged, okay? If you had won against Luc I would've had a reason to offer you something here right away.
This cash sweep enhancement which you integrated into the product seems to be quite on trend, what is that about? Cash sweep enhancement, that's very important.
If you Should I bring you some water? It wasn't a race against Luc, it was a race against me.
I developed the product in CI and here.
- Luc was just - You are the better structurer.
You are smarter, more competent, but Luc has the awards.
In the end all that counts is who wins.
Excuse me, I have to All of Luc's clients are bailing and want to get on board with us.
Even the Gotthard.
Luc must have messed something up, the CI is recalling their product.
Jana, this cash sweep enhancement, what is that? I made it up.
Tell them anything you want.
Alright.
Welcome to the team.
Welcome to gaga circus.
Well done.
Go! The Deutsche Rück wants to join our cat bond! We will sell it today people! Mr Jacoby? Police.
I didn't call you.
You are suspected of committing fraud.
Stay calm, it will hurt otherwise.
This is a real Lydian coin.
The first coin in the world.
600 BC.
Money back then was exactly the value of the gold it was made out of.
Later on, a piece of paper with a number was enough.
And today we believe the financial app on our cell phones when they tell us we are richer than yesterday.
Well, at least we don't have to carry gold with us.
A simple number is a wonderful thing.
It can mean something different for everyone.
Wealth.
Status.
Recognition.
Addiction.
Adrenaline.
Greed.
Well that's good news! Life.
My god! Everyone has their own drive.
Their own number that they keep wanting to increase, a number they're prepared to do anything for.
Good news.
Luc Jacoby was arrested.
I need more information on Jana Liekam.
Well, family, boyfriend, whatever you can find.
In the Global.
Yes she trusts me, but that's not enough.
And you? Why are you doing all this? Hello! I closed.
Really? Yes, it was intense, and I was in Fenger's office and I think he wanted to kick me out and then suddenly all the phones rang and Luc messed something up and I made it.
Jana won.
When are you coming home? Soon, Flo.
I spoke to the headhunter I mentioned, I will report that to him.
Wait a second.
Noah, I have to hang up.
I'll call you right back.
Bye.
- Hello.
- Good evening.
What do you want? To talk about your future.
About our future cooperation.
After what you have proven in the past weeks, I think we should think bigger.
Bigger?