How to Lose $100 Billion in a Week

Leaders with Francine Lacqua

Bloomberg

Management, Business, Careers, Entrepreneurship

4.6 • 64 Ratings

🗓️ 16 February 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week’s In the City focuses on a story that’s transfixed the global finance community for weeks: the Adani-Hindenburg clash. Bloomberg Opinion columnist Shuli Ren and Executive Editor Sree Vidya Bhaktavatsalam join hosts David Merritt and Francine Lacqua for a comprehensive discussion of the fraud allegations and the fallout. Aside from the obvious impact—Adani’s businesses lost $108 billion in a week—the crisis has shaken investor faith in India. Ren says that it’s acting as a “wake-up call for global investment banks and blue-chip credit funds.”

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0:54.9	now on Apple, Spotify or anywhere you listen. Francine, we are going to start this week
1:01.0	unpacking this rather epic clash of the Titans that's been unfolding on financial markets
1:06.1	the last few weeks. India's Adani Group says it's exploring legal action against a U.S. short-seller, Hindenberg
1:11.8	research.
1:12.6	A billionaire hedge fund manager Bill Ackman says he found a Hindenburg research report alleging
1:18.1	fraud and manipulation at Adani highly credible.
1:21.9	Gotam Adani's businesses have now lost $108 billion in a week after allegations of fraud
1:27.4	and stock manipulation
1:28.4	leveled by short-seller, Hindenberg.
1:31.3	I mean, really one of the most intriguing financial stories of the decade about an Indian
	...

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