Bad Banks (2018–…): Season 1, Episode 2 - Folge dem Schrott - full transcript

Do you know what this is?

Yes, I know Europe's largest urban planning project.

The refinancing which was to happen next year is being brought forward.

And with this information, you can win the project.

I can't do this as a non-German bank in the Cl.

Refinancing in the amount of, I don't know...

Two, three.

Four.

€4 billion.

And no one knows about this?

They don't want people to find out,



because they're already thinking of another bank:

Lindberg and Stern.

But if you showed up in time with a better bid.

You're not just giving This to me.

What will I have to do?

I feel like the Global might be falsifying ifs balances quite a bit.

I'd like more information on that.

You want me to gather information

on the Global manipulating its balances?

I wouldn't even know how to do that.

It sounds much more exciting than it actually is.

Those are toxic papers, financial flops.

Whatever is negatively affecting the balances and

which the bank is secretly removing to improve ifs balances.



You actually just have to follow the junk.

That's too dangerous. I don't want that.

Okay.

Then you've never heard of this.

Yes, Sam! Sam!

Ulrike.

Stop this nonsense. Sit down.

Good morning.

Okay.

Your future in this bank.

You're young. You wont to be successful.

What are your ideas?

I've been monitoring peer-lending platforms for weeks.

I was on the phone with Oak Ville Trust in NY yesterday.

- With who? - With George.

Fuck. Moron.

They're supplying London Invoice with money to lend and

need a bank that will securitize the loans.

Okay.

If you give me some more time...

How much?

Some phone calls. Three hours.

Okay. Cool. Let's do that

So.

Juno, the cot bond yesterday was good, but this is the present...

So.

Don't you have anything?

Are you ill?

I can only do this in private.

Okay.

Would you please step outside for a moment?

Thanks.

I can only fell you if you promise not to ask who my source is.

Deal.

Leipzig 2025 is being refinanced.

I know.

- Next year. - No.

Now.

IVB Saxony, Markwafi.

Hello, Uwe. Gabriel Fenger here.

Gabriel.

Things going well in Saxony?

Well, we...

Did your daughter pass her A-levels?

My son passed his A-levels last year.

Is the refinancing of Leipzig 2025 being brought forward?

No.

Be careful, Uwe.

I'll get onto a plane now and will be there in 1.5 hours.

No, Gabriel, please. That's not an option.

I want to meet everyone in charge of the project in two hours.

Otherwise I'll rethink the deal with the Saxony corporation.

Thao was a yes, Uwe.

Goodbye.

Let's go. Ulrike!

We have to go to Leipzig. Immediately!

We're still analyzing whether

there'll be public competition among all interested banks.

Which will be difficult with the refinancing being kept secret.

We'll go public as soon as we agree.

But that doesn't matter now.

Listen, the only thing you're puffing of risk is a green' offer.

We're excited.

Here.

You'll find all relevant data in it.

Two billion have already been paid,

and you'd have to get the remaining €4 billion.

Okay. Good.

How long do you need for a bid?

Two weeks?

Do you want a serious offer or...?

One week.

Are you sure?

Absolutely. We'll see you in one week.

One week?

I'll do some all-nighters. We'll be fine.

Let me guess.

They were just here.

Fenger and a young woman.

Okay. Thanks.

Hey, Tommy.

Gabriel, how's if going?

Good luck in there.

Are they with Lindberg and Stern?

They've already reached a deal internally.

That's why they didn't go public.

Goddammit. Should have known that.

But I think we can really do if, if we...

Did you listen to me?

Are you smarter than me?

Don't pull back now.

You think you're smarter.

It's one of Europe's most lucrative projects.

Isn't that worth a week?

You think you can do it.

One week.

Morning.

Morning.

What are we doing here?

What happened to you?

Why are we making an offer with Lindberg

when he already having secured the project?

We'll outbid them.

Cool. But not in seven days.

There's no alternative.

Of course there is.

The project company has already let 80% of the office building.

Sounds good.

Thao, please check...

Do you have a tissue?

A towel. Anything?

Jesus Christ!

Do you have one?

Thao, I'd...

Put if in the damn cake.

Goddammit. Seriously.

This won't work.

Maybe in to days, but not like this.

Not in seven days. Yes? Thanks.

Just fell us the facts.

The facts, in other words, how long.

I can't say.

What can you say?

To me, the levels being worse than expected

means that It should progress faster than expected.

Your last estimate was...

A few months to six months.

So what does this mean?

Thao if depends on how long the organs continue to work.

Once one collapses, if might not be long.

The worst-case scenario.

That's impossible to say.

Might I be dead in two weeks?

You have drive. You're psychologically stable.

Those ore the best conditions.

So of worst, if might be days for me.

You were in Leipzig. I'm glad we have a deal.

I'm curious to see what you'll find out

about the manipulated balances.

I'm sure there's another way tor me to return the favor.

You're bold.

Motorway services Ingelheim. I'll see you in one hour.

Hello, Maria.

Good morning, Mr.Fenger. They're all here.

You're messing with me?

No.

Do you want to fest your limits?

No.

I get you a job, offer you Leipzig.

You gave me the tip, and if was difficult.

Don't be so stupid, Jana.

I didn't want to rest my limits.

Good.

You'll give me your initial information regarding the balances in a week.

If you ever fake advantage of my good nature again, I'll fire you.

I'll make sure you'll never find another job in the industry again.

I always keep my word, and you should learn to do the some.

Search "FIops of Deutsche Global Invest"

No! Really?

Hello.

I just found out you're working here.

Yes.

And you?

I'm downstairs of Fenger's now as a structurer.

Nice. I'm happy to hear Thao.

- Great. - Thanks.

You've completely changed.

Here, here and there.

Yes.

What I've been meaning to ask you...

Can you give me the current value of the product "Quaestus"?

Quaestus?

That's crazy. If has just been sold.

- Really? - Yes.

Oh, I thought...

You know, some new odd funds keep popping up,

interested in the biggest junk.

You didn't hear that from me.

Doesn't matter. Hus your number changed?

I didn't change mine.

I'm sorry.

It's okay. Just coll me.

I will. I'll call you.

Good.

Nice to see you.

It's great seeing you here too.

We can have lunch on' times.

Have fun.

You too.

With Fenger.

Search: Product "Quaestus value loss"

Hello, Noah.

Unfortunately, I have to spoil the surprise.

But we just can't waif any longer.

Flo and I are outside your door.

Pardon?

I guess this was a foolish idea.

When will you be here?

I don't know. I have to go somewhere.

Why didn't you say anything?

I don't know.

Flo's already asleep. We'll go to a hotel now.

Let's have breakfast in the morning.

Okay.

I'm sorry.

No kidding. This is the first year you're free.

Screw the bonus.

I'll have the some.

Don't give a fuck.

I'm serious.

We were part of Quaestus this year.

What was Quaestus?

Jana. The one with the cut bonds.

We're underselling ourselves with our biggest flops.

Yes.

What about Theo?

I lost. I have no flops.

We'll see when we find out about your bonuses.

If mine are lower, it's because I don't have a dick.

You're toking.

Nothing is more sexist than bonuses.

At least you'll have a good excuse.

Cheers. To excuses!

And to big dicks!

- Cheers. - Cheers.

No, not now.

' Yes? _ Open,

Yes, come up.

Did you make if yourself?

I did.

Well, It's not good.

What did you do?

We went to a pub last night.

Not for long.

I have a visitor. Take care.

See you tomorrow.

It's crazy.

We were just of the London Duke and didn't miss out on anything.

And one second later, your daughter is an adult and all grown up.

Silver Mountain?

Quaestus?

Should we have just accepted our bank going down the toilet?

And have everything be wasted?

Today you watched me

sell absolute junk to a company we technically own.

That's accounting fraud!

You don't know anything.

Will the fucking judges cure if this gets out?

If won't get out.

Says who? Khano?

We decided to save the bank together.

Otherwise you wouldn't be here now. Neither would the others.

Thousands would be out on the streets.

And of course, you core about these thousands.

If doesn't matter. You're not listening anyways.

I'm thinking of a different link.

Exactly.

It's true.

See you tomorrow.

We bankers aren't criminals. We're more like...

More like primary care.

Like doctors or firefighters.

Without us, senior citizens wouldn't draw a pension.

It's always the some.

He won't have to visit o brothel tonight.

God, I'm leaving.

No, Thao. Let's go elsewhere.

Students!

Lots of little students.

Damn Public Universities.

Party!

I'd enjoy the Global as well.

Could I write you regarding an internship?

Of course, if you lick my pussy.

I was joking.

You're not as bright as I thought.

What did you think I was like?

Not funny?

Would you get us something else to drink?

Of course.

I thought you were a back-stabbing bitch.

I think you're my best friend now.

You're so stupid.

Peer-lending, isn't it?

Oak Ville Trust.

You talked to George on the phone, didn't you?

I think that was a different George than the one Fenger had in mind.

Because when I called earlier, he had never heard of Thao Hoang.

What do you want?

I'm kicking you off the team tomorrow.

Then you'll have nothing. No project. Nothing.

But somehow that's not enough for me, because I like to finish things.

That's why I'll make sure you'll be fired.

Thao, I know you studied here.

Check my resume. I didn't have it easy either.

But it just won't work, will it?

Women don't work together or form groups.

They also won't go to a brothel together.

We'd rather pretend to hate each other, destroying each other.

I can do this too.

Come.

Come!

Flo? I overslept. You'll have to have breakfast without me.

Can you hear me?

Yes.

I'll come visit you soon, Flo. I promise.

Flo?

I have to go now. I'll talk to you later.

Bye.

Bye.

This is stupid.

Take a real one.

You're mine now.

Did you fuck?

Looks good. You should do that more often.

Morning.

We have five more days.

You're joking.

No, I'm serious.

Jana's the deal captain.

She's calling the shots.

What?

There's the door.

Shall we start?

Yes.

Good.

The diagram on page ten please.

Adam Pohl of the Global.

Please give me an indicative quote for €10 million.

Leon?

Do you miss her?

Me too.

Luc.

We hove another half on hour. This is poison. Let's go.

Luc. We only have half an hour. This is poison.

Gel up and pull yourself together!

We're meeting the lawyer. It'll be okay.

Screw the lawyer!

Leave me alone!

Leave us alone!

Vomit on your car!

Could you just turn right here, 11th street? Thanks.

What does the mayor have to say?

I'm just leaving now.

I've looked at the pitch. Great job, Jana.

Under different circumstances, we'd stand a chance.

Thank you.

Listen, I think that timing is Schultheiß's' priority.

I'd like to offer us closing in just four weeks.

Four weeks is impossible.

I can do it.

Six weeks is already nowhere near enough.

We don't do such nonsense.

I'm sure two weeks won't matter to Schultheiß.

- Can't I just? - I said no.

Stop constantly contradicting me!

We'll stick

to six weeks.

So I'll pull if out now and re-insert it here.

We can see that we can't see anything.

No matter which buttons I push, nothing's happening.

Am I a programmer?

Come in.

I don't give o fuck whether it's worth if or not.

I wont if to work again tomorrow.

See you tomorrow. Goodbye.

Ms.Liekum.

Hello, Mr.Schultheiß.

I'm glad you could make ii.

How about some wafer?

Yes, please.

I was about to show you the way things are,

where this tourney will fake us, but if doesn't work.

I know what it'll look like.

You can see if here too.

Ms.Liekum, why did you send this offer just to me?

You have the final say, so I wanted to folk to you first.

You've had a chance to look if over.

I did.

You wont to close in six weeks. Thao seems very ambitious.

Yes.

That's The benefit of working for such a large corporation as the Global.

Time is money.

That's true.

Honestly, this is up for debate.

I think it's possible within four weeks.

How did you know?

What do you mean?

It's not an accusation. You're a banker. You use such information.

But I at least try to hide my illness as best as I can.

So tell me how you found out?

Once the lymph nodes have been removed, one's arms swell up.

Your skin changes, gets dry. You can no longer wear rings or watches.

It's obvious...

I understand.

Thanks. I get it.

Who was it for you?

My mother.

Did she suffer?

If happened pretty fast.

Okay. Give me a few hours to think.

But I'll fell you this: If I sign,

I want you to guarantee the closing within four weeks.

Okay.

- Thank you. - No, Thank you.

Are you heading straight back to Frankfurt?

Yes.

What a short meeting.

Maybe our next one will be longer.

Yes, maybe.

Attention, stage in motion.

The ups and downs of the ailing Deutsch Global Invest continue.

We don't really have to discuss the fact that

the current lawsuits don't make things any easier.

But investors and shareholders still very much trust

Germany's largest bank.

It's almost as though everyone wanted

the bank to do better than it currently is.

What?

Mr.Fenger. We talked on the phone.

Ah, my brain.

Exactly, I'll be in your ear later.

Is there anything we should discuss?

I'll speak German, won't I?

Yes, please.

Otherwise I'll be confused.

Good. I'll go up the stairs. Good luck.

Yes. See you later.

Your boss is there.

Former boss.

I didn't know she'd be here.

Where are you?

Room 478. Messe Hotel. In one hour.

Christelle.

What a surprise. Come in.

I didn't know you were o shareholder.

I happened to be in Frankfurt and

thought I'd check to see what you're doing wrong.

Are you pleased with Fenger's start?

Yes.

I'd also like to work with you.

When can we folk in private?

Never.

We're not sharing the some interests.

I'll cull you, if that changes.

Schultheiß here. Peter Schultheiß from Leipzig.

Mr.Fenger.

We want you to handle The financing of Leipzig 2025.

But as we discussed with Ms.Liekam,

we also want you to guarantee the closing within four weeks in writing.

Ah! Yes, okay.

We'll prepare everything by tomorrow morning.

I'll see you tomorrow then.

See you tomorrow.

Come with me.

Do you realize that we're liable for millions, if we don't pull this off?

Don't expect 90% from me. Icon only do 100.

And if your damn 100% aren't enough?

Will it be your head or the bank's what you're exploiting for your crap?

Why exploit?

You think this is all about you, while I'm trying to save this bank.

Is this about you, Jana?

About your chance of pulling off something great?

About your goddamn career?

Remember one thing: I don't give a damn about you.

I only care about this bank.

Go home and waif for me to decide whether I can employ you further.

I just prioritized.

Go home.

The subject of investment banking

has become a huge cultural issue these past fen years.

We've all had to cope with massive criticism from governments,

the media and the public.

But fortunately, Deutsche Global Invest has been able to give you

numerous examples of why modern society would no longer

even be thinkable without investment banking.

Deutsche Global lnv. profits from land grab and arms

Thank you, gentlemen. We appreciate the message.

We'll look into it.

So why modern society would no longer even be...

I'm waiting.

Rest assured,

all of my expectations and hopes in Deutsche Global Invest

have been met so far.

Mr.Fenger, you once said, and I quote,

Never trust u bank that mentions security and

upon further research actually shuns risks.

Did you mean to say that banks have a duty to lie to their clients?

The quotation is from 2003.

Refer to the changes offer the financial crisis.

Second question: Is that what you're doing now?

I don't remember when I said that, but surely before the financial crisis,

when the term "safety" was still the some as "constant investing".

So in short, you're all about growth without risks.

No comment. Polemic.

Let's move on to the next question.

Why do you ask questions that you know to be rubbish?

I said we'll discuss this later.

Mr.Fenger, move on to the next question.

If you won't me to say I'm just as scared as you are,

I'll have to disappoint you. I'm not afraid of risks,

because risks are a natural component of success.

The term "security" has perverted these past years,

forcing people in our industry to use more crude measures.

Half on hour ago, someone taught me a lesson,

which reminded me of who?

I believe in and when' I'd like to represent again.

Growth without fairy tales about security

with a healthy close of fighting spirit.

Next question.

I'm sorry. I overreacted. You did everything right.

Message not sent.

Crazy.

Never let it be said that the stock market isn't interesting.

Ladies and gentlemen,

Deutsche Global Invest's share prices have indeed skyrocketed

after Mr.Fenger's ruthless speech today.

It seems that the shareholders seem to have more trust

in a gambling Fenger than in a cautious Fenger.

How are you?

I wanted to see if you'd like to come to my party on Saturday?

Yes.

It will be a theme party.

Can you hear me?

Put your phone away.

I'll take care of her. Jana.

Jana.