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The Story of Money

Co-creators Mickey Down & Konrad Kay on ‘Industry’

The Story of Money

Manuela Saragosa

Crypto, Business, Markets, News, Banking, Finance, History, Investing

4.4397 Ratings

🗓️ 4 March 2026

⏱️ 32 minutes

🧾️ Download transcript

Summary

This week Michela and the FT’s US banking editor, Joshua Franklin, interview the co-creators of the hit television show, Industry. In its fourth season, the show follows the lives of ambitious young people making their way in London's financial centre. The season finale aired earlier this week, and in this episode, Michela and Joshua discuss with the creators, Mickey Down and Konrad Kay, the overlap between their show's storylines and real world finance. 


The FT does not use generative AI to voice its podcasts.


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For further reading: 

The ONS vs Industry 

How I won a starring role — OK, bit part — in HBO’s ‘Industry’

Inside Wirecard 


For further listening:

How Wirecard’s Jan Marsalek went from fraudster to spy 

HBO’s 'Industry', and Esther Perel 


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Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.


Read a transcript of this episode on FT.com


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Transcript

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0:00.0

Hi there, it's Michaela.

0:03.4

Most of the time here on Behind the Money, we're bringing you inside the real high-stakes

0:07.7

dramas of finance and business from around the world.

0:10.9

But this week, we're going somewhere a little bit different.

0:15.0

That is, we're going inside the fictional world of the characters on the hit TV drama,

0:23.4

industry. Industry tells the story of some very ambitious young people making their way in London's financial sector.

0:28.7

And it's not so terribly unlike the reality in which we're all living, which is part of what I

0:34.7

find so fascinating about this show.

0:40.1

Season 4 finale just aired earlier this week,

0:43.6

and today we're going to be talking with the show's co-creators,

0:45.8

Conrad Kay and Mickey Down,

0:50.1

exploring the overlap between the show's storylines and real-world finance.

0:53.7

And just a warning, there are spoilers ahead.

1:16.0

Sitting next to me here in our New York studio is my colleague Josh Franklin, who is the F.T.'s U.S. banking editor.

1:18.0

Josh reports on some of the major American banks, including Goldman Sachs, J.P. Morgan Chase,

1:22.9

and Morgan Stanley here for the F.T.

1:25.6

He and I have also been talking about industry here in the office

1:29.1

quite a bit over the last several weeks. Hey, Josh, glad you're here. Very happy to be here.

1:34.3

Welcome. And now joining us from the UK, we have the creators of industry, Conrad Kay and Mickey

1:41.8

Down to talk all about this show. Hi, Conrad. Hello. And hey, Mickey.

1:47.6

Hello. How are you? Great. So glad to have you guys both here. So let's dive into it. You both

1:54.3

have known each other for a while. You met at school attending Oxford, and then you both went into

...

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