In this episode, Anthony and Stephen discuss key topics in the financial industry, focusing on investment banking salaries and bonuses, a fierce private equity battle in Japan, Santander's ambitions in the US market, and the troubled merger talks between Honda and Nissan. 

The conversation provides insights into the dynamics of compensation in investment banking, the evolving landscape of private equity in Japan, the challenges faced by European banks in the US, and the implications of the Honda-Nissan merger discussions.

(00:00) Intro

(01:37) Investment Banking Salaries and Bonuses

(13:02) Private Equity Battles in Japan

(20:07) Santander's Ambitious US Expansion

(24:49) Honda and Nissan's Troubled Merger Talks

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