Original subtitles

♪ (UPBEAT SYNTH MUSIC PLAYING) ♪

(WATER SPLASHING)

(LOUD BANGING ON DOOR)

CHARLES HANANI: Mina?

(LOUD BANGING ON DOOR)

(SPEAKING SPANISH)

(LOUD BANGING CONTINUES)

- (GRUNTS) - (PANTS, YELPS)

CHARLES: (IN ENGLISH) Ducky, please open the door.

Please don't call me that.

No, get out! Out! Out of my room!

I need to talk to you.

Hey.

I’m sorry.

(GUESTS CHATTING INDISTINCTLY)

Hey.

(CHARLES SNIFFLES)

For the first five years of your life,

you were attached to my lap.

And then you'd cry and cry and cry

whenever anyone tried to separate us.

I have no memory of ever loving you.

(SNIFFS)

(SPEAKING SPANISH)

(IN ENGLISH) The captain's bringing up the anchor.

Checks complete.

The guests are partying below deck.

♪ (UPBEAT SYNTH MUSIC CONTINUES PLAYING) ♪

(CHARLES CHUCKLES)

♪ He is an Englishman! ♪

♪ For he himself has said it ♪

♪ And it's greatly To his credit! ♪

♪ He is an Englishman! ♪

(LAUGHS)

♪ ("NOT OVER YET" BY GRACE PLAYING) ♪

CHARLES: Look at how spectacular this all is.

Let's not spoil it by fighting.

Forgive me.

Please?

♪ I'd live for you ♪

♪ I'd die for you ♪

YASMIN KARA-HANANI: You're still hard.

♪ Do what you want me to... ♪

You wanted me to see it.

What are you talking about?

You wanted me to walk in on that.

'Cause you wanted me to see you.

You did it in my room!

You wanted me to see you with her.

Do you think that woman,

that fucking girl, enjoyed that?

Do you think she liked doing that with you?

"Happy is the horse

that bears the weight of Anthony..."

(SCOFFS)

Yeah, and how much did you pay her then?

Oh, I never pay.

Please! Your entire fucking life is a transaction!

Of course you paid. No one would fuck you for free.

All right, then.

I paid her enough not to care that when I came in her mouth,

- I came like a fucking bull! - Do you have any idea

how badly you have failed as my father?

Does that even make you fucking think?

It was the fucking '90s!

You're a fucking worm.

CHARLES: And you, look at you prancing around

in your little bikinis with everyone's eyes

looking at you like a fucking whore!

There it is.

There it fucking is.

Every relationship that I have with a man

is so fucked up because of you.

Because you are an animal!

The way you let your friends look at me!

The way you look at me.

Because that's all you have, Yasmin.

That's all you are.

And I may be old and lonely and fucking finished,

but you, you're young,

and you've got to live the rest of your life

with the single, inviolable fact

that you are spectacularly talentless!

I speak seven fucking languages!

(LAUGHS) What?

(CONTINUES LAUGHING)

I wish you would die. I wish you would die.

It would be the most meaningful thing

you've ever done.

♪ (SONG CONTINUES PLAYING) ♪

CHARLES: Well, maybe I will.

YASMIN: Go on. Fucking do it, then.

Maybe I fucking well will!

(WATER SPLASHES)

CHARLES: Yas!

Yasmin! Yasmin!

This isn’t funny. Tell them to stop.

Fucking done my leg!

My hip!

Fucking help me!

Yasmin! Stop fucking around.

Help me!

Fuck! Fucking come here!

(CONTINUES SHOUTING INDISTINCTLY)

Dad! Dad!

Dad!

CHARLES: Stop fucking around!

- Yas! - (PANTS)

Fuck!

(GASPS, SIGHS)

♪ 'Cause I can see through you ♪

♪ It's not over, not over Not over, not over yet ♪

(YASMIN BREATHES HEAVILY)

♪ It's not over, not over Not over, not over yet ♪

♪ (UPBEAT TECHNO MUSIC PLAYING) ♪

(GUESTS CHEERING)

(SOFT KNOCKING ON DOOR)

(DOOR OPENS)

Ugh! How long have you been in here?

Bro, the guy with the bowling ball gut

in the Speedo was, like... (CHUCKLES)

...feeding me cocaine

and talking to me like I was one of the “link in bio” girls.

I swear to fuck, I don't know how you live through this.

Honestly, we need to get to dry land.

It's, like, un-fucking-comfortable.

Yas?

Hey, what's wrong?

(BREATHES HEAVILY)

(SHAKILY) I, um...

He, uh...

♪ (TENSE MUSIC PLAYING) ♪

YASMIN: He jumped.

- Who? Who jumped? - We were moving really fast.

Like, really fast. There was just nothing...

There was nothing I could have done.

HARPER STERN: Who jumped? Who jumped?

My dad! My dad!

(SNIFFLES)

I left my dad in the water.

Do you mean when we left an hour ago?

(YASMIN PANTS)

HARPER: You didn’t tell the captain?

Do you wanna turn around?

Did anybody see you?

♪ (GENTLE MUSIC PLAYING) ♪

I... I don’t think so.

No, it was- we were upstairs.

And it was... It was really loud

down...

We're gonna take care of it.

Okay?

Yas, we had a party in your cabin.

- Just me and you, okay? - (SHOWER RUNNING)

HARPER: I’m with you, I’m right here.

It’s okay, it’s all right. You get in the shower now.

(SOFTLY) Okay.

That’s all right?

You need to come back to me now, okay?

Because if you go out there like this,

people will start asking questions.

Okay?

I'm gonna take this off, is that okay?

Yes? Okay.

Are you with me? Can you nod if you can hear me?

Yes? Yeah?

- (SIGHS) - ♪ (MUSIC ENDS ABRUPTLY) ♪

(CLOCK TICKING)

I wanna see him.

CORONER: With respect, he won't be recognizable.

YASMIN: Can you leave me with him?

Thank you.

♪ (EERIE MUSIC PLAYING) ♪

Oh!

CORONER: (SOFTLY) There were no personal effects, apart from his ring.

If you'd like it, we may need to brutalize the body.

Why are you whispering?

He can’t fucking hear you.

(SNIFFLES) Yeah.

Yeah.

(SNIFFLES) I'll take everything.

♪ (INTENSE TECHNO MUSIC PLAYING) ♪

- James. - ♪ (TECHNO MUSIC FADES) ♪

Hi, Harper Stern. We, um...

We met at that Lansons' Young Asset Manager breakfast.

- Right, yeah. - (CHUCKLES)

- Hi. - HARPER: Hi.

- Uh, Bellini's and bullshit. - Yeah.

I'm sorry we didn't get to speak properly.

Had a productive chat with Petra.

Uh, do you work around here?

No. I made the regrettable Covid decision to move to Bruton

'cause "How To Spend It" told me to.

Imagine if you hadn't scaled back your Lumi exposure,

you would have to sell at least

one of your three pied-à-terres.

I downsized to two when my wife died.

Oh, I'm sorry.

What for? It wasn't your fault.

Unless you drove the bus that hit her.

- Uh, that was a joke. - (CHUCKLES)

She remains dead, however. Long illness.

My condolences.

JAMES ASHFORD: Yeah, it hit me for six.

Um, it's how I met Petra, actually.

We met in the lobby of the Priory.

Zopiclone and Lorazepam, for me.

Sorry, not being very discreet.

What was Petra doing in the rehab?

- Yeah... - HARPER: Right.

Nah, it's... (CHUCKLES)

I'm doing due diligence on a potential trade

and wondered, are you long...

were you long private ESG investments

and other ethical growth stocks, like, more generally, or...

Fuck, no, no.

I mean, I had UBS Asset Management

trying to unload all of their holdings

of that gear onto me and anyone else.

I got out completely.

I have a friend whose PE fund was blown up

by the Europa Gaz flop entirely.

Right.

Right.

Well, it was nice to see you. I should probably...

Well, you were very prescient about ESG,

so if you ever wanna give me the tip

of LeviathanAlpha's next big idea...

I'd like a very cold martini at Duke's.

♪ (UPLIFTING MUSIC PLAYING) ♪

Yeah, I would like that.

- All right. - It's nice to see you.

I need to talk to you about the bond market.

- ♪ (UPLIFTING MUSIC CONCLUDES) ♪ - PETRA KOENIG: Oh!

This early in the morning?

I think I just felt a twinge between my legs.

I've heard there's been a lot of senior-secured issuance

from banks recently.

A lot of banks issued debt

at low yields with light covenants,

and a lot of that debt is about to reach maturity

and can't be refinanced.

(SIGHS) Go on.

I've been speaking to corporate credit desks

to try and figure out whose debt they most wanna get rid of.

There might be a time bomb in the sector.

Okay, you're speaking in a very passive voice.

"I hear..." "There may be..." Where is this coming from?

Um, where- I mean... (CHUCKLES)

Where does anything come from?

I've done the research and I have a network.

♪ (ENERGETIC MUSIC PLAYING) ♪

I don't understand the trade.

James Ashford has also said that those same banks

are doing their utmost to rid themselves

of these ESG private growth companies

that everyone was cuckoo bananas for

a few quarters ago.

Huh.

So you think the banks are doubly exposed?

Maybe. I mean, how do we know

that they didn't take a load of debt out

to make a bet that blew up in their face?

Which banks?

I have not figured that out yet.

Who's the Lehman? Who's the most fucked?

- I don’t know yet. - (PHONE RINGING)

PETRA: I'm gonna call my contacts

on the corporate credit desks across the street,

see if I can get a fuller picture

on how long they're into this debt.

Uh, by the way, I, um, just wanted to ask, like,

is everything okay with you?

OFFICE ASSISTANT: Harper.

There's someone at the door for you.

Right.

- So you had to identify him? - (INDISTINCT CHATTER)

No.

- Why did you go? - I don't know.

I just went.

Well...

you know, maybe...

Maybe, this has given you some closure.

(SIGHS) No.

This is worse.

I really feel like he's won.

Yas, how could he win? He's dead.

You didn't see him.

Trust me, it's like he's gonna live now in here forever.

He won.

PASSERBY: Oh, they've really cleaned Shepherd’s Market up.

I just wish people would stop looking at me.

PASSERBY: It'd be a brass city if people would pop out the office

for a Pret sandwich and a blowjob.

No one is looking at you, and you have won.

You are here, he is not.

You won, okay?

- (CELL PHONE VIBRATES) - Mm. Excuse me.

Hello?

Okay, I spoke to the corporate credit guys

at Goldman, Barclays, and Deutsche,

and they all offered me incredibly generous prices

for the pleasure of taking Pierpoint's debt

off their hands.

- Okay, so you think Pierpoint... - ♪ (ENERGETIC MUSIC PLAYING) ♪

...has the biggest refinancing risk?

Yeah, let's call your useful wallflower, Yasmin,

on their hedge fund sales desk,

set up a meet through her with Pierpoint Asset Management.

See how deep in these busted ESG names

they actually are.

Can we, like, not do that?

Why?

HARPER: I just feel like maybe we need

to be a bit more tactful,

given my relationship with them

and what they're gonna think when an anti-ESG fund

is suddenly interested in ESG names.

So, we say we're buying the dip.

It's all presentation. Pretense.

I thought you were meant to be good at that.

Okay, um, can we just, like, not use her?

She's just, like, going through some stuff right now.

- I mean... - Oh, come on.

Friendship and contempt are just two sides

of the same coin.

I read all about her.

She was on that sordid, seedy party boat.

Why does she even need a job in finance?

She's not like us.

Look, what you've potentially found here

is pretty remarkable, so let's go test the thesis.

We take meetings with as many sales desks as will see us,

and we say we're a buyer of ESG names down here.

Find out who's got the longest list

of worthless names,

but we can't ignore your alma mater.

That would be rude.

Okay. No, I mean, you're right. Of course, um...

Let me work an angle at Pierpoint

that is not the wallflower.

(CHUCKLES) Why? She's comically shit at her job.

- HARPER: Gotta go. - Okay, bye.

- YASMIN: I got this. - HARPER: Thank you.

You know what's really fucked up?

I put on a full face of makeup just to see his corpse.

- You look beautiful. - (YASMIN CHUCKLES)

Thank you.

You don’t have to thank me.

YASMIN: Guess I’m going back to the office.

HARPER: Okay.

- ♪ (ENERGETIC MUSIC FADES) ♪ - (CELL PHONE VIBRATES)

What?

ALEXANDER NORTON: Yasmin, this is Alexander.

Alexander Norton.

Oh!

Oh, he- Sorry, I'm...

Hello, Mister... My Lord.

Hi, sir.

First, my deepest sympathy for your loss.

I'll always cherish Trinity Term 1988.

This is a courtesy call. I hope it polite.

(DOG BARKING)

I try and hold off on publishing hearsay

unless it can be at least nearly double-sourced.

Our crime editor on the Sunday paper,

she's quite recalcitrant.

She somehow tracked down a source

onboard The Lady Yasmin.

- A Ms. Galperin-Diaz. - ♪ (SUSPENSEFUL MUSIC PLAYING) ♪

She worked quite closely with your father, I believe,

and holds a rather alarming counter-narrative

to the prevailing one concerning Charles's final hours.

♪ (SUSPENSEFUL MUSIC INTENSIFIES) ♪

Right, well, what can we do about that?

NORTON: Have you spoken much to Henry?

I worry his black dog's returned.

Maybe it's too fatalistic, but I worry about the cruel

inevitability of him ending up like his father.

Well, what am I supposed to do?

I mean...

I can't... I can't save him.

And to be honest, I don't- I don't really want to.

I can't spike the story, Yasmin.

Or, I shouldn't.

I only have daughters. And by some damned fine luck,

they only have daughters.

So I suppose everything I have will end up with Henry.

I'm sorry, um... I don't... I don't follow.

- (CAN CLINKS) - (RETCHING)

- YASMIN: Ugh! - (VOMITING)

NORTON: Please try and remember that with Henry,

some of his worst instincts are not his own.

My deepest condolences for your loss.

(CHUCKLES) My sporran’s falling down.

(SIGHS)

(SOFTLY) Fucking hell.

- (PHONES RINGING) - (INDISTINCT CHATTER)

(HOOT BEEPING)

Pierpoint stock rallied

ten percent into the U.S. close last night

on the new CEO announcement.

Yes, Pierpoint.

Um, the new bossman is Tom Wolsey,

ex-Bain managing partner

and head of their private equity consulting group.

- It seems like he's got... - Eric-

- ...a dual citizenship... - Jesus, wow.

You smell like a Glaswegian night out.

- Have you been home? - (SNIFFS)

Anyway, look. I spoke to three competitor bond traders

this morning trying to move Pierpoint's senior secureds

for peanuts.

This isn't localized to us. That's the macro environment.

Well, what's all this noise out of New York

about Chucky the Wop?

They've just tinned their head of debt syndicate.

You don't know about this?

What is the point of being high up

if you are not connected?

Bonds aren't an attractive security right now,

given these constant rate hikes.

Man, do the maths!

Have you seen this Wolsey’s CV?

"Portfolio value creation"

for the Canadian sovereign wealth fund.

He's a butcher masquerading as a surgeon.

You're late.

Wolsey’s a positive catalyst for the stock.

Take a look at where it's indicating,

where it closed.

Don't talk to me like you're Investor Relations.

It's rallying because the market has read the appointment

as a green light for aggressive restructuring.

Pierpoint is a more valuable company today

than it was yesterday.

Okay, are we gonna stop and analyze the absolute bilge

that just came out of your mouth?

Come on, you- you sit down here with us.

Since when did you give a fuck

about maximizing shareholder value?

Rishi, I'm a- I'm a partner.

I don't care that they showered you in stock options.

Look, you gave me assurances

when we fucked Harper and built this team

that my comp was guaranteed.

Cash.

Look, I, uh... I need that money.

I have a family.

You still owe me 15 large from the horses.

Yes, and you can wear a swing like that

whilst I'm making you proper money.

Eric, I have worked for you...

- long enough... - (SIGHS)

...to know when you're not being straight with me.

Is the company in trouble?

I don't think you know...

as much as you think you do.

♪ (TENSE MUSIC PLAYING) ♪

TRADER 1: Are you gonna make a trade

or you gonna play with your balls all day?

TRADER 2: Well, pop into Deutsche Bank then.

No, push her. Uh-huh.

(TRADERS CHATTING INDISTINCTLY)

(CELL PHONE CHIMES)

Uh, yeah, thank you. I'll be there-

I'll be there in half an hour.

Okay, thank you.

(PHONE CLATTERS)

Hey, Anraj.

Can you cover for me, for like an hour? Two, tops?

Thank you so much.

Hey, wherever you're going, please take me with you.

Hey, isn't it my turn to buy lunch?

I, um...

(WHISPERS) I've got an interview.

You're taking calls from headhunters?

SWEETPEA GOLIGHTLY: Between us...

I think you should be more receptive

to their calls, too.

See you.

RISHI RAMDANI: Yo! Anyone got any more color

on Chucky the Wop being binned?

He’s dipped his pen in a few interns so I was wondering

whether his rap sheet finally caught up with him.

ERIC TAO: Heavy weather?

RISHI: Or he was fired for something

to do with the wider fixed income division.

Excuse me?

You look like you're under heavy weather.

Oh.

♪ (TENSE MUSIC CONCLUDES) ♪

It's just one of those days I really don't want to be, um,

on the desk.

Ibid.

- Ditto. - Yeah.

I used to have a medicine

for heavy weather days when I was in your position,

when I was an associate.

- Oh, yeah? - Yeah, a big blue steak...

- (YASMIN CHUCKLES) - ...and a fistful

- of blood thinners. - (CHUCKLES)

My treat.

Yeah, um, that...

That actually sounds really nice.

- Thank you. - (PHONE RINGING)

(RINGING STOPS)

Yasmin speaking.

- (INDISTINCT CHATTER) - (PHONES RINGING)

- RISHI: Yeah, Ramdani. - (SIGHS)

- (CELL PHONE CHIMES, VIBRATES) - YASMIN: Yeah, thanks.

RISHI: Half a rack, and sixty seconds of my respect.

YASMIN: Apparently not.

(INDISTINCT CHATTER CONTINUES)

So your résumé says that you did rotations

- in Risk and Equity Trading... - Mm-hmm.

...and Fixed Income.

What's your view on Pierpoint's issuance

of senior secured bonds over the past 12 quarters?

♪ (TENSE MUSIC PLAYING) ♪

What do you mean?

Issuing that much debt does bespeak

a level of confidence, right, on returns coming down the pike?

(CHUCKLES) If I had a view on that,

it would be speculative.

Speculate freely.

I'm honestly not sure if I'm eligible to answer that,

given my level of seniority or...

where I'm currently sat. (CHUCKLES NERVOUSLY)

Okay.

Let's talk about where you're currently sat then.

Equity in green-focused companies has been

Pierpoint's raison d'être.

Would you say

they've been overexposed, given the trend is cooling?

SWEETPEA: Uh, again, I think

you would have to talk to Pierpoint's

Asset Management division about that.

I'm sorry. Are you asking me to consolidate a trade idea,

- or... - We're spitballing.

If you wanna work with me, we spitball.

Okay.

What if I said to you Pierpoint was the short of the century?

(SIGHS)

What do you expect me to say to that? (CHUCKLES)

How deep is Pierpoint in these ESG names?

How many billions and how many companies?

And just how little does the market appreciate

how unwieldy and complex their balance sheet has gotten?

What, do you want a fucking list?

I'm sorry that I've wasted your time.

(CLEARS THROAT, SNIFFS)

Sweetpea, when I take a meeting, it's off the record.

Your boss is not my greatest fan.

You would not want it to get back to him

that you took a meeting with me.

Enjoy the rest of your day.

(DOOR RATTLES)

(DOOR UNLOCKS)

People do not have their ear to the ground in here.

- (INDISTINCT CHATTER) - There's a picture building.

I mean fucking look at them all.

They're, like, crossing the Aioi Bridge

to their old big shop on the morning of Hiroshima.

- What? - (CHUCKLES) I'm sorry!

Sorry, my dad's a bit of a, um...

He’s a bit of a World War Two wanker.

(CHUCKLES)

I mean, there's no one here who knows

what the fuck is about to happen.

Pierpoint’s stocks rallying.

SWEETPEA: I am telling you,

there's a sentiment growing out there

that is not reflected in the share prices yet.

(KETTLE THUDS)

What are you talking about?

LeviathanAlpha are like turbocharged,

'roided up, juicehead bears on Pierpoint.

- ANRAJ CHABRA: Damn. - SWEETPEA: Yeah.

Did they, um, they offer you a job?

Mm-mm.

They, uh... They just wanted me to be their smoking gun.

Damn.

Well, you need to tell Eric. This can't get out.

I cannot tell Eric that I took a fucking interview

- with Harper Stern. Come on. - But you need to tell someone.

(GASPS)

I think Pierpoint might be absolutely fucked.

Yeah? What else is new?

(LAUGHS)

Who’s arsed?

(CAN OPENS)

(SPOON CLINKING)

I mean...

(SPOON CLATTERS)

- Right? - (SOFTLY) Yeah.

(SIGHS)

We're interested in diversifying LeviathanAlpha's portfolio,

expanding into privates.

Private ESG-focused companies.

Growth stocks with an ethical bent.

I used to cover you guys when I was at Pierpoint.

This is a volte-face. You guys were making a stink

in the market as anti-ESG?

PETRA: Did you know that when Dolly Parton said,

"We cannot direct the wind,

but we can adjust the boat sails,"

she wasn't talking about some guy.

She was talking about her investment portfolio.

HARPER: Look, we're nimble.

These companies are at a historic low,

given the climate of rate rises and boiling hot inflation.

It's not that we believe in the companies.

We believe they're cheap. That's the trade.

Which ESG name are you interested in, exactly?

Uh, show us the full BWIC and we'll see what suits.

The more distressed, the better.

Guys, what's going on here?

You realize this stuff is shit, right?

There isn't a marginal buyer of this junk out there,

- so what are you doing here? - ♪ (SUSPENSEFUL MUSIC PLAYING) ♪

He doesn't know what he's talking about.

He's an associate.

People like us know that the real meaning of "shit"

is "undervalued."

They like the trade.

Our job is to facilitate it.

Thank you.

Okay, so Deutsche Bank has nine names.

Citibank only had seven.

Or at least it looks like they have seven.

Yeah, seven. And... I mean, JP Morgan,

the clear winner with 22 distressed ESG assets.

Absolutely.

Let's check in at Pierpoint on our way back

and then we'll make the call.

Who did you make that meeting through?

Did you make it through Yasmin?

Harper, she's the least inquisitive salesperson

in the Northern Hemisphere. Who else?

No, I asked you not to do that.

You're exploiting a personal relationship.

Hold on. You made me aware of Yasmin.

"Exploiting a personal relationship"?

You mean politicking? I'm sorry,

if someone's naive enough to show you their underbelly,

they shouldn't be surprised if someone prods at it.

Okay, well, what about your underbelly?

When were you gonna tell me you had

a substance abuse problem?

Excuse me?

James Ashford told me that you met in rehab.

(SCOFFS)

We met in rehab?

We met in the lobby, as I was dropping off my son.

♪ (TENSE MUSIC PLAYING) ♪

I'm sorry.

PETRA: What else do you need to know, huh?

Do you need to know that he's in and out of care?

You wanna know his middle name, his fucking birthday?

How does that help us today?

HARPER: I'm sorry. Genuinely, I am sorry.

But I do think if we were more vulnerable with each other,

then things like this wouldn't happen.

No, no, no, no, no, no, no. I don't ask you who you fuck,

or what pills you take to go to sleep.

I respect your work, and you respect mine.

That's the only currency that matters here.

We are colleagues.

Yasmin is your former colleague.

You interested in the past or in our future?

♪ (SOFT PIANO MUSIC PLAYING) ♪

(SOFTLY) Fuck.

(BOTH CHUCKLE)

It's like, for a minute, you know...

Everything's perfect.

- Right. - WAITER: Martini, sir?

- ERIC: Do you want one? - YASMIN: No, I'm...

I mean, I do but I won't.

You're not gonna stop me.

Were you drunk at work this morning?

Mm-hmm. (LAUGHS)

I think I'm gonna lose my kids.

She hired Mr. Payout. Fucking feminist judge, too.

She got everything. I got nothing.

Bad trade.

Um...

Is Pierpoint...

in trouble?

I mean, Sweetpea told me, um-

Sweetpea doesn't know what she's talking about.

Sorry for using you

to justify drinking off my hangover.

No, no. I'm happy to be here.

The steak’s good. (CHUCKLES)

ERIC: Still?

(INDISTINCT CHATTER)

What kind of...

father were you?

Are you?

Uh, much worse than my own.

He worked on a line making widgets...

- (CHUCKLES) - ...for 50 years.

He used to say...

(SPEAKING CANTONESE)

(IN ENGLISH) "If you really want to damn a man,

- teach him how to count." - (LAUGHS)

ERIC: He was right, as always.

You sure I can't tempt you?

Sometimes, I think it's a child's biological duty

to kill their parents.

(CHUCKLES NERVOUSLY)

Do you think I give you

preferential treatment on the desk?

'Cause I'm trying to reflect on the different ways

I treat the women in my life.

Um...

With all due respect, Eric, I don't see myself

as a woman in your life.

You know, you're not a man in mine.

- (CHUCKLES DRYLY) - Right.

We work together.

Yeah... (CHUCKLES)

I heard your relationship with Henry

was raised by the select committee.

Mm-hmm. Yeah.

Has that been going on since COP?

- (GIGGLES) - (CELL PHONE VIBRATES)

Sorry.

Hi.

DENISE OLDROYD: Hi.

You okay?

DENISE: Yeah. How- how are you?

Uh, I just wanted to check you're all right.

YASMIN: I'm fine. Why?

What's going on?

DENISE: Oh, God, sorry. Have you not seen?

There are leaked autopsy photos

of Charles's body all over Reddit.

No, I haven't seen. Um, is there anything else?

Anything in the press?

Like an interview with anyone from the boat?

Anyone called Alondra?

DENISE: No, no, just these horrific photos.

Are you okay?

- You with someone? - Yeah.

Um, I'm having lunch with Eric.

DENISE: Oh, my God.

Stay away from that fucking vampire.

Okay, speak soon.

Hm.

You know...

the only useful thing I remember my shrink ever saying

to me was, "Desire is practical,

pragmatic. It takes what it can get."

I've thought about that a lot...

since. And maybe, you know,

unex- unexpected as it is-

Okay, uh, I'm gonna stop you right there.

I'm gonna pay for my own food, and I, uh, I just, I don't...

I don't want you to say whatever it is you're thinking of saying.

You've misunderstood.

Nope, I don't think that I have.

No, I was just saying,

or trying to say...

I don't know.

The story of our lives

becomes the story

of the detours

our desire... (CHUCKLES)

...takes us on.

What the fuck are you doing? Why are you doing this?

Why are you doing this to me? Why? What do you want?

What do you actually want me to do right now?

You want me to give you a nice little handjob in the toilet?

Well- I mean, what is it that you actually want from me?

What am I? What is this? Is this sex?

It's just sex for you? This is just sex for you?

Making me sit here like this, listening to you talk like this.

It's not sex!

It's not sex, okay? So you can do that-

you can do that on your own time.

(CHAIR THUDS)

(SIGHS)

(GASPING)

(INHALES SHARPLY, PANTS)

(BREATHING HEAVILY)

- (DISPENSER THUDS) - (TOILET PAPER RUSTLING)

(TOILET FLUSHING)

(ZIPPER WHOOSHES)

(BREATHING HEAVILY)

(TRADERS CHATTER INDISTINCTLY)

(TELEPHONES RINGING)

I have a meeting with LeviathanAlpha

and our Asset Management guy in five.

TRADER: Yeah, I mean just in terms

- of where the actual markets are... - Do you want to join?

...there’s not much difference

between those two, I think.

Yeah, yeah, I’m just going into it now.

Can you do me a favor and just check in

with your trader?

Hey, hey. How about them Mets?

(TRADER CONTINUES TALKING INDISTINCTLY)

ERIC: I'm just fucking with you. I know you hate baseball.

You would if you were a Met.

It’s called So Many Ways to Lose.

We're interested in buying the dip

on a lot of private ESG equity.

Really?

And catch a falling knife?

Mm-hmm.

I'd appreciate it if you guys were a bit more honest with us.

You're a hedge fund, not a distressed credit fund.

Why are you interested

in the long-term growth prospects of

a load of these... (SIGHS)

There's a company in here

that specializes in making the biodegradable receptacles

for 200-pound-a-throw moisturizer.

PETRA: Hmm.

There's a green fintech company. Do we know what that is?

Credit cards made of compressed wood chippings?

(CHUCKLES)

Yeah, made by starving Iraqis, but they're queer, so it's ESG.

Look, holding this stuff has been the daily bane

of our existence.

But it's so antithetical to the heterodox principles

that I thought your company was founded on.

And I know that you guys are fucking smart,

so there's no way that this is your trade.

♪ (SUSPENSEFUL MUSIC PLAYING) ♪

Yeah, they're too fucking smart to be heterodox on principle,

just when it pragmatically suits.

Y'all, I am... (CHUCKLES) ...very impressed

with Pierpoint's service. You're the only bank

that wants to engage in an academic analysis

of why I want to give you money. (SCOFFS)

Yeah, they've already been to JPM, Deutsche, et cetera.

They could take this trade anywhere on the street.

You want to sell this stuff, right?

So, sell it to them at mid. Everyone’s a winner.

(CHUCKLES)

Yeah, may we see the list, please?

♪ (SUSPENSEFUL MUSIC INTENSIFIES) ♪

Oh, double-sided, for the environment.

(CHUCKLING) Hmm.

Well, that is a lot of names.

"Misery acquaints a man with strange bedfellows."

(CHUCKLES)

JACKIE WALSH: You have a kink for slaughtering sacred cows.

You know we can't short these.

They're not publicly traded companies.

We don't wanna short these names.

We want to short Pierpoint.

In as much size as you will give us.

That's why we're bringing this trade

to their biggest competitor.

KENNY KILBANE: (SCOFFS) You mean their cast-offs?

Pierpoint took a gamble on bringing

60 supposedly promising

ESG-focused companies to the market.

They took a significant position as the anchor at a bad level,

and to support that bet, took on a lot of debt.

That debt is reaching maturity, and it cannot be refinanced.

This is growing knowledge across the street.

Uh, liquidity elsewhere in the bank?

PETRA: Zip.

Pierpoint has no way of paying its debtors back.

How the fuck did they allow themselves

to get into this hole on something as banal as ESG?

HARPER: They wanted to be first movers.

Pierpoint's Asset Management division

has become a proxy prop desk

and has been given undue influence

over the balance sheet.

I mean, it is little more than a shell company for shit.

Mm. It's no wonder

they brought in Wolsey to fix it.

Yeah, I heard the CFO, Wilhelmina Fassbinder,

is using John Lindsay's senility

to make unilateral plays

and change the whole direction of the company.

Those Weekend at Bernie’s rumors are true, then?

(SCOFFS) Why are you bringing this trade to us?

♪ (SUSPENSEFUL MUSIC PLAYING) ♪

Shorting this size

is gonna be more than point-five percent

of the company. It will be public knowledge.

We want you to do it with enough discretion

so we can go to the other banks and buy CDS protection

on Pierpoint before the disaster is fully priced in the CDS.

Maximize our upside.

What sorta size are we talking about?

Five hundred million dollars.

♪ (SUSPENSEFUL MUSIC INTENSIFIES) ♪

How much of your AUM is that?

- About half the fund. - Mm-hmm.

DARIA GREENOCK: On one position?

- (SCOFFS) You must be- - Confident.

JACKIE: If it trades to zero,

you make half-a-billion-dollars profit.

PETRA: Net of all costs to you.

The borrow to short the stock is gonna cost us a lot of money.

That money's yours.

You realize that this trade

could cause the sort of panic around Pierpoint

that may not be able to be contained, right?

Don't they deserve it?

♪ (OMINOUS MUSIC PLAYING) ♪

So, we're all brought together today

by the force of negative cohesion.

Whatever gets us out of bed, right?

(INDISTINCT CHATTER)

ROBERT SPEARING: Yeah, yeah, I mean, I can take the call,

but... (CHUCKLES)

...how about you just call someone more qualified for that?

No, nah, no. I’ve been here

- for four years... - How were LeviathanAlpha?

(ROBERT SPEAKING INDISTINCTLY)

Good.

I introduced them to Yal Shafqat in PAM.

TRADER 1: Yeah, a bit of movement there.

- It's all positive. - What's

the Asset Management connection?

I don't know if you know this,

but PAM have a lot of distressed ESG private equity exposure,

so...

TRADER 2: Yeah, not exactly a bull. (CHUCKLES)

So...

- what did they want? - ♪ (TENSE MUSIC PLAYING) ♪

Well, they're sniffing around,

but they think that it's trading well below fair value

and it will correct. They’re buyers.

That makes no sense.

What exactly did you tell them about our exposure?

I gave them a list.

(GASPS)

A fucking list!

♪ (DRAMATIC MUSIC PLAYING) ♪

I dunno...

- (DOORBELL RINGING) - ♪ (DRAMATIC MUSIC CONTINUES) ♪

(DOORBELL RINGING)

OFFICE ASSISTANT: Have you got an appointment- Uh!

You can't go in there!

Okay, you've got Daddy's attention now.

Can I help you?

Is this why you do the things you do?

So- sorry?

You're stood in my office, emotionally incontinent,

and you're saying I need your attention?

You listen to me, you little fucking cunt.

HARPER: Whoa!

Maybe you need a glass of water.

ERIC: I don't know what your angle is,

but it's somewhere in the area of causing the most harm

to as many people as you physically can.

Everyone's collateral, right?

Even the only girl stupid enough to call you a friend.

- ♪ (TENSE MUSIC PLAYING) ♪ - (BOTTLE THUDS)

Do you ever listen to the pat shit

that comes out of your fucking mouth?

Everything you do on the floor communicates an ideology

that people are a means to an end.

I enact your philosophy

and you have the nerve to come into my office

and call me a bad person?

Go fuck yourself.

You know, I'm guessing

you live with the feeling that you're a monster.

And now there's nothing stopping you on your path

to whatever behavior provides you

with an externalized fantasy of what you really think

of yourself every moment of every day.

I want you to know from the bottom of my heart

that what you think about yourself...

is true.

I heard your family fell apart.

Shame.

But maybe now you can finally go after

whatever it is that you really want.

♪ (PENSIVE MUSIC PLAYING) ♪

(DOOR SLAMS SHUT)

Is he drunk?

Jesus Christ.

And that is why we keep it professional.

AUTOMATED VOICE: Floor eight, doors opening.

♪ (PENSIVE MUSIC CONTINUES) ♪

♪ (PENSIVE MUSIC SWELLS) ♪

♪ (PENSIVE MUSIC SOFTENS) ♪

Hi, guys, anyone in New York got any color

on the reversal in Pierpoint's share price?

TRADER: (OVER HOOT) Hearing away some sizeable shorts building.

Yeah, something to keep an eye on.

♪ (PENSIVE MUSIC CONCLUDES) ♪

(COMPUTER MOUSE SCROLLING)

(HEADSET CLATTERS)

(KEYBOARD KEY CLICKS)

(CELL PHONE VIBRATING)

Hello.

ERIC: Yasmin, have I got you at a good time?

Yeah, sure.

There's no easy way of saying this.

ERIC: We don't think you should come to work tomorrow.

Okay.

I understand, I'll take the day.

No.

- ♪ ("SEALED WITH A KISS" BY SANTO AND JOHNNY PLAYING) ♪ - This is an indefinite decision.

- It's a decision of the company. - (CAMERA SHUTTER CLICKING)

ERIC: We think it's for the best,

given all you're going through.

What?

ERIC: We think it's affecting your focus.

Some proprietary information from Pierpoint Asset Management

got into the hands of a bad actor.

Actually, I'm not gonna couch my language.

Your friend fucked you.

HR will be in touch with next steps.

I hope you understand how much I enjoyed working with you.

Good luck with wherever you land next.

♪ (SONG CONTINUES PLAYING) ♪

(CAMERA SHUTTER CLICKING)

(YASMIN GROANS)

- Will you fuck off? - (CAMERA SMASHES)

- (SIGHS) - (PAPARAZZO SCOFFS)

Bill, I hope you're on a flight to London.

The market knows we're dying.

♪ (SONG FADES) ♪

Hey.

You okay?

You know...

my first instinct when I got back

into my cabin...

was to brush my hair. (SCOFFS)

Your first instinct was to protect me.

Why?

"Why?” What do you mean “why?”

Why did you help me?

Because it was the human thing to do.

(CHUCKLES)

You didn't do anything wrong.

You didn't do anything, Yas.

No, you're right. I did nothing.

HARPER: You didn't commit a crime, Yas.

Okay, you're not responsible.

He was headed

where he was headed, and that's it.

You know, I have defended you...

to people.

Rob. Eric.

I find myself constantly defending you

because that girl on the boat,

whoever that girl was...

she loved me.

- I do love you. - YASMIN: Fuck you.

♪ (TENSE MUSIC PLAYING) ♪

Fuck you.

My pain is useful to you.

Even today, of all the fucking days,

my pain was useful to you.

And the more I sit with it, the more I realize, of course...

Of course, that little voice in my head was right.

You revel in my disgrace.

You revel in other people's pain.

It fucking nourishes you.

Okay, Yas.

I did everything in my power to try and stop Petra.

- I did. - Mm-hmm.

But this is the business.

Sorry the world is showing you what it is,

without any of the protections that you are so clearly used to.

And I am genuinely sorry that you think I am so sick

that I could somehow get off on your unhappiness now.

Oh, so you don’t? You didn't today?

I needed my friend today!

Harper, I needed my friend and you used me!

HARPER: You don't want friends!

You do not want friends!

You want people to make the hierarchy

of your world make fucking sense to you.

Do you have any capacity to see beyond the projection

of your own insecurities?

Because the most appalling things

that you think about yourself are not how I see you!

How do you see me then? Hmm?

Does it appall you

that I have somehow managed to make it on my own?

Oh, my God.

You're mental.

(BREATHES HEAVILY)

You are hardwired

to exploit people's vulnerabilities

and all the fucking mental gymnastics of whatever,

I don't know, genetic blame game or how you were brought up,

or "Oh, my God. My brother, he’s an addict”

shit that you spin does not absolve you

of how you choose to act now!

Wow.

I deserve better than this.

I do.

Everyone deserves better than the way that you treat them.

(YASMIN SCOFFS)

The way you use and use and fucking take is disgusting.

It's disgusting.

The way you treat Rob, and he still chooses you.

He still chooses you every fucking time.

Oh...

You think that if I wasn't around,

Rob would wanna be with you? (CHUCKLES)

He thinks you're deranged.

Being a narcissist with an inferiority complex

doesn't make you an underdog, Harper.

It makes you completely fucking nauseating.

(CHUCKLES) And trust me, I know narcissists.

My dad used to pity himself, too.

Right, and I'm sure you've fed into that self-pity,

the same way that you feed into

what he and every other man like him wants you to be.

A fucking sex object and a victim,

which you conveniently bounce between

whenever it suits you.

You know, I used to think

that the worst thing

that you could think about me

and the worst thing that I could think about you

might still be true,

and we might be able to love each other in spite of it,

but I am certain

that that is not the case.

HAPER: Like father, like daughter, right?

(SCOFFS)

Your arrogance is just you overcompensating for the fact

that you could not be any more fucking ordinary.

And guess what?

The world can only hide that shit from you

for so long, Yas.

You are talentless.

And useless.

And a fucking whore. (GASPS)

♪ ("GETTING AWAY WITH IT" BY ELECTRONIC PLAYING) ♪

(YASMIN GASPS)

♪ I've been walking in the rain Just to get wet on purpose ♪

♪ I've been forcing myself not To forget just to feel worse ♪

♪ I've been Getting away with it ♪

- ♪ (SONG CONTINUES PLAYING IN BACKGROUND) ♪ - ♪ All my life ♪

- ♪ Getting away ♪ - (INDISTINCT CHATTER)

♪ However I look It's clear to see ♪

♪ That I love you More than you love me ♪

♪ However I look It's clear to see ♪

♪ I love you More than you love me... ♪

(GUESTS CHATTING IN SPANISH)

(IN ENGLISH) You need to stop crying.

ALONDRA GALPERIN-DIAZ: Hi. Uh, sorry.

I've been looking for you.

Yeah, we were having a,

what you would say, a "session" in our room.

Yeah.

A sesh, like a session.

Vale, I just wanted to apologize for what you may have seen.

- Your father and I have a very- - Don't worry about it.

I know exactly what he's like.

ALONDRA: Bueno.

Do you think he'll be coming into town?

He mentioned he needed a pedicure before Nikki Beach.

The beauty team in Sóller would like to make arrangements.

Um, I have no idea.

I mean, he's been up for, like, two days straight,

so I'm guessing his nap probably just turned

into more of, like, a, um...

- a sleep. (CHUCKLES) - Sleep, sleep.

Yeah. (SNIFFLES)

Bueno.

(GUEST SPEAKING SPANISH)

(SIGHS)

(IN ENGLISH) You look like the loneliest girl

to have ever had a boat named after her.

(LAUGHS)

♪ ("ALWAYS ON MY MIND" BY PET SHOP BOYS PLAYING) ♪

I can’t believe that prick almost made us

miss a res at Nikki Beach.

In some ways, he's already there.

(SIGHS)

(CHUCKLES)

HARPER: You know...

♪ (SONG INTENSIFIES) ♪

♪ Maybe I didn't treat you ♪

♪ Quite as good as I should ♪

♪ Maybe I didn't love you ♪

♪ Quite as often as I could ♪

♪ Little things I should have said and done ♪

♪ I never took the time ♪

♪ You were always on my mind ♪

♪ You were always on my mind ♪

♪ Maybe I didn't hold you ♪

♪ All those lonely, Lonely times ♪

♪ And I guess I never told you ♪

♪ I'm so happy That you're mine ♪

♪ If I made you Feel second best ♪

♪ I'm so sorry I was blind ♪

♪ You were always on my mind ♪

♪ You were always on my mind ♪

♪ (SONG CONCLUDES) ♪

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