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Short filmTranscript
00:01The Bank of England has today ceased to prop up the financial markets,
00:04sparking fears the reserves have reached a critical low.
00:07Earlier, Chancellor of the Exchequer, Gillian Calderwood,
00:10vigorously defended Britain's financial prospects.
00:12I believe Britain is weathering the storm,
00:15but the worst of the credit crunch is now behind us.
00:18There are no more losses to uncover,
00:20no more grounds for runs on banks.
00:23So my message to the British public
00:25is to have confidence in us and confidence in themselves.
00:28Together, we are putting Britain back on track.
00:33The spectre of rising inflation
00:35is haunting the world's leading economies
00:37and experts believe...
00:39So the confidence is weak,
00:40and there have been some statistics
00:42that have come out showing that spending...
00:44...is slowing.
00:46Fears of stagflation and stagnant growth
00:49combined with accelerating inflation...
00:51...is now well above the government's target of just 2%.
00:55Chancellor, you've met Francis Denham, chairman of Highland Life Bank.
00:58Chancellor.
00:59Thanks.
01:00The reason we've asked you here today is this man.
01:03Alexis Maynard, one of the richest financiers in the world.
01:06City legend is he made his first big deal
01:08with a huge bet against airline stocks the morning of 9-11.
01:12As the second plane ploughed into its target,
01:15Maynard made 15 billion pounds.
01:17Since then, he's become the world's biggest financial vulture.
01:20If an economy is weak, he preys on it.
01:23Higher inflation means bigger bills.
01:25Bigger bad times.
01:26And in this current economy...
01:27The banks have made unwise lending decisions
01:29that were taken overseas...
01:31And we're now in the downward part of that boom-bust cycle
01:35that we can expect to see.
01:37His preferred method is to start runs on banks,
01:39spreading rumours that a particular bank is in trouble
01:41and causing depositors to panic and withdraw their money.
01:43He then places a bet
01:44that the value of the bank's share price will collapse.
01:46So while others lose everything,
01:48he walks away with millions.
01:50Insider trading.
01:51On a vast scale.
01:52We know his target is Francis Bank.
01:54Island Life.
01:55But he's too clever to leave a trail of evidence.
01:58Which is why I've sent my section chief undercover to find some.
02:00Yes, but for what they will lend,
02:02that's leading the falls in house and property prices.
02:04Which makes us all feel a lot poorer.
02:06How can we fight that?
02:07Minister, this man is dangerous.
02:08Naval's bully tactics could cause the whole economy to collapse.
02:11Now he's here.
02:13No, my bars, please.
02:14It's the end of the Super Bowl
02:16that has lasted since the end of the Second World War.
02:19We need you to trust us and do exactly what we say.
02:21You need to freeze Maynard's assets now, before he tries anything.
02:24Can't do that without hard evidence.
02:26This is the worst crisis for 80 years.
02:28If Maynard starts a run on Highland Life or on any other bank,
02:31millions of people will lose everything.
02:33Look, I really think this is...
02:35Minister, my bank holds a million and a half mortgages,
02:38two million savings accounts.
02:39I can't let Maynard threaten those.
02:41We'll get you the evidence,
02:42but you'll have to freeze Maynard's assets.
02:50Er...
03:10Jenny Hunter, Chandler House.
03:13Maynard was obsessively cautious,
03:15but we were able to turn one of his managers.
03:17Soon after, that asset called to say that he needed to meet.
03:22We never saw him alive again.
03:27Your office always sends me Helen Webster.
03:29Unfortunately, Helen has to take personal leave,
03:31but she's passed me the file.
03:32I'm fully up to date with your tax situation.
03:38Hey, sir.
03:40Get Miss Hunter a desk.
03:43This belongs to us.
03:44We see everything that goes in or out on it.
03:46All UK tax issues are your responsibility.
03:48If you have any questions,
03:49don't talk to the other managers, come straight to me or Alexis.
03:52Glad to be on board.
03:57Yeah.
03:59He burnt out.
04:04Hey, sir.
04:05Check Miss Hunter's credentials.
04:08Maynard doesn't allow mobile phones in his office.
04:10We've had to improvise a way of getting information in and out.
04:13Take care, Francis.
04:14Thanks, Harry.
04:15I knew I could count on you.
04:16We'll work this out.
04:23It's time.
04:41Can I get some coffee?
04:43Sure.
04:44A double macchiato with skim milk and a shot of hazelnut syrup.
04:51Ben got a coded alert from Roz.
04:53Maynard's about to do something.
04:54This is it.
04:55He's released a rumour to unsettle the market.
04:58Call Gillian Calderwood.
04:59Tell her we'll find proof it's him.
05:00One of the high street's leading banks
05:02is rumoured to be on the brink of collapse.
05:04City workers arrived at their desks this morning
05:07to find an anonymous email.
05:09Minister, Lucas North.
05:10I assume you've seen the latest?
05:11Yes.
05:12And I have Francis Denham with me.
05:14We've just issued a statement denying the rumour.
05:16This is classic Maynard.
05:18An anonymous email containing untraceable allegations against a major bank.
05:21If you can steady the city's nerves,
05:23our officer will prove that this is sabotage.
05:25Don't you better get on with it.
05:26We've got ten minutes before the market goes haywire.
05:28We've got to freeze his assets.
05:30Joe, I need you to get a message to Roz.
05:32We need proof that that email came from Maynard.
05:34Now.
05:35What do you mean you've frozen all account transfers?
05:39Everything I have is with you.
05:41You must let me.
05:42The bank's chairman, Sir Francis Denham,
05:44immediately joined the treasury in condemning the anonymous email rumours
05:48as malicious lies.
05:50Insisted his bank was not hiding bad debts or subprime losses
05:54and remained in good health.
05:58Thanks.
06:00Thanks.
06:22Hey, everybody.
06:24Here we go.
06:25One of the high street...
06:26Highland Life is dropping.
06:28...off the brink of collapse.
06:30City workers arrived at their desks this morning...
06:32Chancellor, it's Harry Pearce.
06:33My officer is working to prove that Maynard is launching these rumours,
06:36but you have to deal with what's happening now.
06:38He's right.
06:39We know what this is. We know what he's trying to do.
06:41But you have to calm the market.
06:42Show some confidence in Highland Life.
06:44We need ten billion. Ten billion.
06:46To show the market the economy is too strong to be hurt by rumours.
06:49The treasury has lent 150 billion to high street banks this year.
06:52Anything more and we'll be shutting schools.
06:55You have to do this, Chancellor.
06:57It'll cost ten times as much if the bank collapses.
07:01There's no other way, Julian. You have to step in.
07:04Come on.
07:06Do something.
07:11Every penny I've saved is with Highland Life.
07:16I'm done for.
07:18You're doing the right thing, Julian.
07:21Unexpected relief for Highland Life.
07:23Unexpected relief for Highland Life shareholders today
07:25with the surprise announcement that the treasury is to back confidence
07:28in the troubled bank with an extra ten billion pounds.
07:31The treasury are attempting to quell rumours
07:33that Highland Life are sitting on huge undeclared debts.
07:37Those bastards.
07:39Frances Denham, you have friends in high places.
07:42Excuse me, Alexis.
07:43I need you to sign this authorisation so I can put together the return.
07:50I'm assuming we don't share the government's confidence
07:52that Highland Life's troubles are just rumours.
07:54We don't, and we're right.
07:56But if they're willing to match us, we'll have to rethink.
07:59We've already put eight billion into this.
08:01We didn't think they'd stretch to that.
08:03But if you're sure Highland Life's in trouble,
08:05it doesn't matter how far they're willing to go, does it?
08:07They can't lie to the market indefinitely.
08:15My thoughts exactly.
08:18Double opposition.
08:20We can't do that.
08:21You heard me.
08:23They're willing to go to ten, we go to sixteen.
08:25They go to sixteen, we go to thirty-two.
08:27We don't stop until they run out.
08:29If the price keeps recovering, we are destroyed.
08:31Come on, Asa, where are your balls, eh?
08:37Where are all your balls?
08:40Now this is what we do.
08:44We are the forces that drive this market.
08:49This is us versus the establishment.
08:53Our truth versus their lies.
08:59Yes!
09:19Put me through to the brokers.
09:21Alexis would like you to double our position against Highland Life.
09:26That's right. Sixteen billion.
09:29Just do it, please.
09:32House prices could tumble by as much as a third.
09:35A hundred or even two hundred billion.
09:37What's happening now?
09:38The price is crashing.
09:39This is him again.
09:40This is Maynard trying to show he's big enough to move the market.
09:43But you have to match him.
09:44The only way to stop this is to show you're not scared.
09:47I can't back down now, Gillian.
09:49Not now, we've come this far.
09:55Gillian.
09:57I'm sorry, Francis, there's nothing left.
10:00You're abandoning me.
10:01I can suspend trading in Highland Life shares for 24 hours.
10:04What good is that? The other people will start again tomorrow.
10:06My bank will be ruined.
10:07I'm sorry, Francis, there's nothing else I can do.
10:09I simply don't have the money.
10:14Now we wait.
10:17Now we wait.
10:22There's fresh concern today for the two million homeowners with Highland Life mortgages,
10:25with news that the government has suspended trading shares in the troubled High Street Bank.
10:48It comes to something when you leave for work in the morning after 30 years in the service
10:52and find yourself manhandled back by your own side.
10:54If I suspect you of being part of a possible security breach...
10:57Security breach?
10:58...then I have to exclude you from the grid and deny you access to communication.
11:02Let's let these men get on with their job.
11:04I think we both know the outcome we're hoping for.
11:07So far, everything about her seems fine.
11:10She's got glowing references wherever she's been.
11:13Almost too perfect.
11:22So, where were you before Chandler arrived?
11:27Different places.
11:29I spent quite a lot of time in the Cayman Islands.
11:31The Caymans?
11:32Then you must have come across Freddie Vincent.
11:34At the equity partnership?
11:36Oh, yeah, everybody knows him.
11:38Great.
11:39Why don't I email him?
11:41I think he's in town. He's due at a little event I'm holding later.
11:44If you wanted to catch up with him, you could come too.
11:46Alexis.
11:47Yes?
11:50Sounds lovely.
11:52Why don't you see if his partner's around?
11:56Alexis!
11:57They've blinked.
11:58Quickly.
11:59Turn it up.
12:00It seems that despite their wish not to be dictated to,
12:03by what one insider described as false and malicious rumour-mongering,
12:06the Treasury decided it had no option
12:08except to freeze all trading in the bank's shares.
12:10This can only be a temporary measure, however,
12:12and pressure remains on Highland Life to open its accounts
12:15and prove that it's not hiding undisclosed losses.
12:18And that pressure will only intensify
12:20once trading resumes in its shares tomorrow morning.
12:23So...
12:27So, where were you?
12:29I spent quite a lot of time in the Cayman Islands.
12:32We were right.
12:34Yes.
12:36But I didn't have to put eight billion on it.
12:43All right, playtime's over. Let's get back to work.
12:57Alexis.
12:59You've got this.
13:02Where are you going?
13:04Guilty house.
13:06I'll come too.
13:11It'll only be a minute.
13:22These earrings.
13:32The Governor of the Bank of England
13:34has had to write a letter to the Chancellor
13:36explaining why inflation is so high...
13:39She's got me in on it. I'll have to improvise.
13:41So, what's next? You settle up?
13:43Or stay in and hope the price keeps falling?
13:46I've got them in sight.
13:48You're very inquisitive, aren't you?
13:50I am about tax, yes.
13:53Well, what happens next
13:56is that we watch Julian Calderwood
13:59wriggle.
14:03Allow me.
14:12So, you don't mind if Highland Life collapses,
14:15taking half the banking system with it?
14:17Are you seriously asking me to feel sorry for a politician
14:19who would sell us all for a thousand votes?
14:23For fat cat board members raking in enormous salaries
14:25for doing absolutely nothing?
14:28Ah.
14:30It's empty.
14:32I never drop this.
14:43Dad says she's made the drop.
14:46What's Francis Denham doing here?
14:48Joe, be quick.
14:58Joe.
15:00Joe, make the drop.
15:01Joe, get out.
15:02Denham's behind you.
15:11Are you scared?
15:13I've come to ask you to stop what you're doing.
15:16Look at you.
15:18You pathetic, self-interested little man.
15:21You played the market, now you've lost.
15:24Even if I've made mistakes,
15:25millions will suffer if my back collapses.
15:28People who don't deserve to...
15:29They were your responsibility,
15:31not mine.
15:33Please.
15:35I do...
15:36Don't touch me!
15:42Now,
15:44I have work to do.
15:51Shall we?
15:56Let's go.
16:05Malcolm,
16:07do a search.
16:09Anything relating to Highland Life.
16:10I just need something we can use to shut him down.
16:21Joe,
16:22everything all right?
16:23We had to improvise, but Maynard didn't notice.
16:26It's found nothing.
16:28This software controlling coming sent and deleted items
16:30for keywords and related variations,
16:32it's found nothing.
16:33Whatever sabotage emails Maynard sent out,
16:35it didn't do it from this email account.
16:37Right.
16:38I think it's time I pay a visit to Maynard's office.
16:41Harry Pierce, please leave a message.
16:42Harry, it's Francis. I need to see you.
16:44Usual place.
16:46The situation is worse than I admitted.
16:48A lot worse.
16:50I'm afraid I may have destroyed everything.
16:54No.
17:02No, it found nothing, sir.
17:04Thank you.
17:12So, is that it?
17:13Is this over now?
17:16Harry, I don't know what theory this is part of
17:18or what you've got on your mind.
17:19You want to know what's on my mind, Connie?
17:22You and Hugo Prince.
17:28But then you barely knew him, did you?
17:34If I lied to you about Hugo Prince,
17:35it was because it was private.
17:39Then you don't deny that you had a long-standing affair with him.
17:43I know what you're implying.
17:45But unlike you, Hugo knew when to stop.
17:48Whatever time we had,
17:49he didn't spend it talking about work.
17:52How sweet.
17:53It's true.
17:54I might even believe it,
17:56if it weren't the case that there's no other explanation.
18:00For what?
18:01What did he tell you, Connie,
18:02about operations he and I worked on together?
18:04Nothing, Harry. Nothing.
18:06What did he pass to you?
18:08Harry, I don't deserve to be talked to like this.
18:11What did he pass to you?
18:12Harry!
18:13Don't!
18:14Because whatever it was,
18:15it jeopardised the operation he and I worked on.
18:17Fine.
18:19Do you want to see it?
18:21Do you want to see the only thing
18:23Hugo Prince ever gave me?
18:26I was summoned to his hospital bed.
18:28I thought it might be for some declaration of love
18:30or a meaningful token by which I could remember what we had.
18:33But, of course, that wasn't Hugo's way.
18:35All I got was a pat on the bum and this tacky souvenir.
18:40No!
18:46No.
18:51I promise you I've never seen that before in my life.
18:55Hello, Harry. It's Hugo.
18:57If you're listening to this,
18:59it's because there's been a breach.
19:03I think you'll know what I'm talking about.
19:05And if that's happened,
19:06then I know my relationship with Connie
19:08would have placed her under suspicion.
19:11That's why I've left you this message.
19:13Because I want you to be sure that at no time
19:15did I ever mention to Connie
19:17or pass on to her anything relating to the matters we worked on.
19:23Though I never told her,
19:24Connie was the most precious thing to me.
19:26Maybe the most precious thing of all.
19:28And I know my selfishness caused her enough harm while I was alive.
19:33And I couldn't bear to leave her vulnerable
19:35now that I'm going.
19:38I hope you understand.
19:43I do.
19:55It's all right, Harry. I understand.
19:59I know you had to do it.
20:13Harry, it's Francis. I need to see you.
20:15Usual place.
20:16Message deleted.
20:17Next new message.
20:18Harry, are you there?
20:19Please call me Harry.
20:20Harry, I need to see you.
20:21Next new message.
20:22Please, I need to speak to you.
20:23Harry, I'm there.
20:24A situation is working.
20:25Could you get my message?
20:26Call me back.
20:27Harry, please return my call.
20:28Harry.
20:29Please, Harry, please.
20:30I need to speak to you.
20:31Call me back.
20:32Call me.
20:33I need to speak to you.
20:34Pick up the phone.
20:35Next new message.
20:36Harry, please, Harry, please.
20:37I need to speak to you.
20:38Call me back.
20:39Call me.
20:40I need to speak to you.
20:41Pick up the phone.
20:43End of messages.
20:49Francis?
20:54Francis!
21:06Concern has been expressed today that the apparent suicide of Highland Life president Francis Denham
21:12may signal a tragic turning point for Britain's economic outlook.
21:16Lucas, we have a problem.
21:18Francis Denham is dead. Suicide.
21:21There's something he wasn't telling us. Get to Ross, fast.
21:27Anxious members of the public queued for hours today,
21:30trying to withdraw their savings from the troubled high street bank, Highland Life.
21:34Boring.
21:35All right, all right, all right.
21:48Alexis, if she's distracting you, get rid of her.
21:51She's not distracting me.
21:53This is not the time.
21:55She intrigues me.
22:05Delivered in person.
22:20Thank you, darling.
22:29There was nothing on the SIM card.
22:32There was nothing on the SIM card.
22:33The Treasury are going crazy.
22:34People are trying to withdraw their money from Highland Life
22:36and Calderwood says that they don't have enough funds left to save the bank.
22:39We need to prove exactly what Maynard's up to, so you're going to have to get closer to him.
22:42A lot closer.
22:43The last person he said that to ended up face down in the Thames.
22:46Well, that last person wasn't you.
22:47Thanks for your concern, but I'm not sure you pitching up here as my boyfriend's really going to help.
22:51Come on, Ross, you know what men are like. It's all in the challenge.
22:55Alexis, this is my partner, Pete.
22:58Beyoncé, Pete. Hi.
23:00Sorry, I'm still not used to saying that.
23:02We're an engagement ring, either.
23:04Well, we haven't been allowed to choose one yet.
23:06You know, I don't normally allow visitors into my place of work.
23:10Oh, I'm sorry, I just popped in as I work around the corner.
23:12Where would that be?
23:13Oh, well, some might call it proper bank.
23:14Zurich International.
23:15Right.
23:16Then you'll have received my invitation to the little fundraiser later.
23:20Well, my PA doesn't always pass on social stuff.
23:22It's not social.
23:24I'm launching the British arm of my charitable foundation.
23:28And I know Zurich take philanthropy very seriously.
23:32Well, in that case, how can I refuse?
23:34Good. Shall we?
23:36See you later.
23:41That guy who just came in, I recognise him.
23:43Don't think it's from the city.
23:45Dig. Find out everything you can.
23:51The close of yet another turbulent day for the market
23:53saw Highland Life's share prices at an all-time low,
23:55amid concerns for the troubled bank's future.
23:57We've got less in the basket. We have to make basic cuts.
24:00There are widespread reports of anxiety.
24:02Inflation is up by 20%.
24:24You need to count Saunders' head?
24:26No problem.
24:38City shorthand.
24:40Basically, Maynard's switching position on Highland Life.
24:42This morning he was betting that the value would go down,
24:44and now he's taking billions in options to buy back in.
24:46Where's he getting so much capital from?
24:48Who knows?
24:50What is a trap?
24:51Even if it is, we have to walk into it to find out what's going on.
24:56Thank you.
25:10Thank you.
25:12Now, it's hard to sell charity to the city at the moment.
25:16Most of you probably feel we should be on the receiving end of it.
25:20But it's easy to give during the good times.
25:24It's now, in the uncertain ones,
25:28that we can prove that we're serious about helping others.
25:33I set up Freshwater many years ago to help people in real need.
25:37People who aren't going to be concerned by the collapse of a bank.
25:43They don't have bank accounts.
25:48They don't have clean drinking water.
25:51You have to give it to him. He's got something.
25:53They don't have food on the table.
25:57They don't have roots up their heads.
26:00They have none of the things that we take for granted.
26:03Who's that?
26:04The things we expect.
26:05He's a Dalek. Maynard's right-hand man.
26:08So, as someone once said...
26:10Am I familiar about him?
26:11Sell a man a fish and he eats for the day.
26:14Teach him how to catch it.
26:16And you ruin a great business opportunity.
26:20Or, as someone else more eloquently put it...
26:23Give me your effing money. Now.
26:26Thank you.
26:30Give me one.
26:32Jenny.
26:33Very good.
26:34Sell a man a fish?
26:36Why quote Karl Marx to a room full of bankers?
26:39Well, nobody understood capitalism as well as Marx.
26:43Because he wanted to destroy it?
26:45Oh, no.
26:46Because he knew it would destroy itself.
26:50Pete.
26:51I heard you couldn't make it.
26:52Oh, we'll go anywhere for a glass of champagne.
26:54I love these events.
26:55The city pretending it cares.
26:57I'm not sure everyone shares your cynicism, Pete.
26:59Come on.
27:00This is just one big tax dodge for you, isn't it?
27:03Whatever you say, Pete.
27:06Champagne, sir?
27:12I'm sure Jenny will sort you out.
27:20Jenny!
27:23Allow me.
27:34What's going on?
27:36I'm fine. I slept.
27:38Okay, I'm going to Maynard's office.
27:40I'll call you once I'm in.
27:44I think I know what happened.
27:45And if there is a problem, you need to talk to Harry.
27:51I'll return it.
28:00Yes.
28:02I understand.
28:04Exactly.
28:20I'm on my way.
28:51Hello?
28:52It's Ben.
28:53I'm looking at some of the stuff on Maynard's hard drive.
28:55There seem to be a lot of loan agreements,
28:57but they're between Highland Life and another bank.
28:59Can you see which?
29:01Ben, which bank?
29:03Can you see a name?
29:05Ben.
29:08Ben.
29:20Ben.
29:30Ben.
29:31Lucas, the bank's name is Salma.
29:33Salma?
29:35That's a Russian bank.
29:41Where is he, by the way? Pete?
29:44He had to go back to the office.
29:46He has a presentation tomorrow.
29:47Goodness, how industrious.
29:51And what are your plans for after this?
30:09Thanks for coming at such short notice.
30:10It's okay.
30:13Here's the FSB file you asked for on Salma.
30:16He's a Dalek.
30:17Youngest son of Vanya Dalek,
30:18head of the Salna-Skaya crime syndicate.
30:20So the Russian mafia are behind Salma.
30:24And Maynard?
30:26According to our information,
30:27it's where he gets his money from to trade.
30:30Dalek was staring at me.
30:31He must have recognized me from Moscow.
30:33Thank you.
30:34Lucas, I need to talk to you.
30:36It's important.
30:38I'm in the middle of an operation.
30:39I can't do this now.
30:40Don't use me, Lucas.
30:43Unless you know you can give me everything.
30:47I'm sorry.
30:54Falls in house and property prices...
30:56Negative, negative.
30:59People like me,
31:00we've earned enormous amounts of money
31:01and should be safe in this downturn.
31:03Lucas, it's a demand from Salma to Highland Life
31:05for total repayment of their loans.
31:0765 billion.
31:09So Dunham was lying.
31:10Highland Life should have collapsed months ago.
31:12The only thing keeping it afloat
31:13were loans from a mafia bank.
31:14My life savings.
31:16Go on.
31:18Lucas,
31:20my office.
31:25I have a confession to make.
31:28I'm afraid that when I told you
31:29I'd never heard of Sugar Horse,
31:30I was lying.
31:33And I need you to remember
31:35everything that happened
31:36at the time that it was mentioned.
31:39Why?
31:41All I can tell you is that Sugar Horse
31:42is the most important network
31:43in the history of MI5.
31:45And now it's been compromised.
31:51Do you know what they were doing to me
31:52when it was mentioned?
31:53Yes.
31:55And I still need you to put yourself back there.
31:57Who was present?
31:58Any detail that might...
31:59I was tortured for 17 days.
32:01Continuously.
32:02Lucas...
32:03Was Sugar Horse the reason?
32:08I'm certain it was.
32:10But now you want me to just put myself back there
32:12without telling me anything
32:13about what I was tortured for?
32:14Lucas...
32:15Don't you dare try any of your sanctimonious
32:16good-of-the-nation crap on me.
32:20There are limits to what you can ask of people, Harry.
32:23Even in our business.
32:26I'm sorry.
32:28And by the way,
32:29if I were you, I'd talk to Jo.
32:31You probably haven't noticed,
32:32but she's in trouble over what happened.
32:33A lot of trouble.
32:37I think tomorrow could be a crucial day
32:39for Highland Life.
32:40The bank system may collapse
32:41if there are any other financial scandals.
32:43Well, this is it, I'm afraid.
32:45I've never really done home.
32:48The only place I ever liked living
32:49was the squat I shared at the LSE.
32:53Is that where you developed your taste for Karl Marx?
32:55Oh, no.
32:56I knew about him a long time before that.
32:59My father's real name was Menlach.
33:02He's Czech.
33:04He smuggled us out of the country
33:06when the Russian tanks moved in.
33:09August.
33:111968.
33:15Now it's your turn.
33:17How did you become who you are,
33:19Jenny Hunter?
33:21My father was an accountant.
33:23Seemed like a sensible option.
33:27But that's not true, is it?
33:35I mean,
33:37I mean, you're not really sensible, are you?
33:40How do you know?
33:41There's a look you have.
33:43I see it from time to time.
33:46It's a look that tells me
33:49you work inside a system,
33:51but you're not part of it.
33:53Is that how you were at the LSE?
33:55No.
33:56I was a hero.
33:57A genuine relic of the Prague Spring.
34:00Campus Trotsky's adored me.
34:01They must have been very disappointed
34:03when you switched sides.
34:07Yeah.
34:10My father used to say that for five minutes
34:12everything seemed possible.
34:15Real freedom.
34:17Real equality.
34:19The socialist dream within their grasp.
34:22And then the tanks rolled in.
34:24Yes.
34:25They did.
34:26But that's not what broke his heart.
34:29No, that was going back
34:30after all those years after.
34:331989.
34:35And seeing that the famous liberation man
34:37in some ways made things worse.
34:40McDonald's in Wenceslas Square.
34:43Homeless beggars outside luxury hotels.
34:46That's what killed him.
34:51And that's what drives me now.
35:01You never switched sides.
35:05I've spent half my life
35:09with people who think I'm exactly like them.
35:13Waiting for the moment when I can take them down.
35:17How?
35:19Tomorrow morning I'm going to release information
35:21that will either destroy the banking system
35:24or force the British government to admit publicly
35:27that it is bankrupt.
35:29Either way,
35:31capitalism will be revealed as a busted flush
35:35and the debt-fuelled consumer nightmare it's created
35:38will finally,
35:41finally come crashing down.
35:48So.
35:52Excuse me.
35:54Hello.
35:55Where are you?
35:56In my hotel room.
35:57Well, it took me 15 phone calls
35:59and a lot of sweetness
36:00but I found out who Jenny Hunter's boyfriend is.
36:03His name is Lucas North.
36:04He works for MI5.
36:30You're working against me.
36:32Yes.
36:33But you're right, Alexis.
36:35The system is rotten.
36:37The system I work in
36:38but I'm not a part of.
36:40You do know
36:41what they did to the last man who went against me, don't you?
36:45You don't want to harm me, Alexis.
36:48You need me.
36:54You need someone on the inside.
36:56You need someone on the inside
36:59to help you to achieve the things you've been talking about.
37:10Prove to me
37:13that I can trust you.
37:27One of Maynard's mafia powers recognised me at his function.
37:29How?
37:30Russia.
37:31His name's Asa Darlak, son of Vanya Darlak,
37:33head of the biggest crime syndicate in Moscow.
37:35Highland Life owes him and their pet bank, Salma, 65 billion.
37:38When the credit crunch hit,
37:39Denim must have attempted to trade his way out of trouble
37:41and got himself into deeper debt.
37:42Unwilling to come clean,
37:43he turned to Salma for illicit funding.
37:45Which Maynard knows about and is now using to pay off his debt.
37:47I don't care.
37:48I don't care.
37:49I don't care.
37:50I don't care.
37:51I don't care.
37:52I don't care.
37:53I don't care.
37:54I don't care.
37:55Which Maynard knows about and is now using to bring down the bank.
37:57What a mess.
37:58Poor Francis.
38:00How much did you know?
38:01Francis told me he'd found emergency funding.
38:03I had no idea it was the Russian mafia.
38:06Ten minutes ago, I had a phone call from Asa Darlak.
38:10If we don't repay the 65 billion that Highland Life owes Salma,
38:14as soon as the markets open tomorrow,
38:16he and Maynard will issue a statement
38:18revealing the extent of the bank's debts.
38:21Highland Life's share price will go through the floor,
38:24ruining investors and destroying public confidence forever.
38:27Our economy will be in tatters.
38:30Your only choice is to come clean before they do.
38:33Admit to how much trouble Highland Life is in,
38:35but say you'll guarantee every deposit and mortgage they hold.
38:37I can't do that.
38:38If I try anything like that, I will bankrupt the UK.
38:42Millions of people's lives will be ruined if our banking system collapses.
38:49Our only hope is that you find some way to solve this without paying Salma.
38:54I'm sorry.
39:25Yes?
39:26Where are you?
39:27Maynard Hotel room.
39:28Are you all right?
39:30Yeah.
39:31Can we continue with the operation?
39:32I think so.
39:34Put every penny you have into Highland Life
39:36and be ready with a statement saying that you will step up and back the bank.
39:40I'll tell Maynard you're going to do the opposite
39:42and he'll be forced to switch position.
39:44It'll ruin him.
39:51I'll see you tomorrow.
39:52Yeah.
39:53In the office.
39:59Is she insane?
40:00No.
40:01It's a fantastic bluff.
40:02We catch him out and we ruin him.
40:04And you make enough money to rescue both the bank and all its depositors.
40:07You are suggesting insider trading to save the British economy.
40:10Minister, you've already told us you can't afford to pay Maynard
40:12or come clean and face the consequences.
40:14So, if he trusts Ros, he's ruined.
40:18But if he doesn't, the country is ruined.
40:21Do you have any other suggestions?
40:23Then I think we have no choice but to put ourselves in her hands.
40:26The risk is far too big.
40:27You'll have to wait until the market's open.
40:29I suggest you record a public statement explaining what's happened.
41:22This is Lucas North in Section D.
41:25I'd like everything you've got under the code name
41:28Pulomnik or Pilgrim.
41:33Eyes only.
41:37Good morning. It's six o'clock and we've got a crumbling housing market.
41:40Speculators are driving up commodity prices.
41:43It is an ambitious downward spiral.
41:52Not long till the market's open. Is everything set up?
41:55Ros should be with Maynard any minute.
41:56If he trusts what she tells him,
41:58he'll give his brokers the orders to switch their position.
42:00Then you can release your statement.
42:04I think I've found a way of recovering my money.
42:07I've got some information.
42:13Just make sure everything's ready.
42:16I don't suppose you've got any other suggestions?
42:20I don't suppose any of you have thought about what happens
42:22if Ros can't get him to do this, if you will?
42:26I've got the impression he could do with a hand.
42:39What's she doing here?
42:42Hey, sir.
42:44I'd like you to leave us alone for a moment.
42:48You know who she is. You don't need to talk to her.
42:51Just a minute.
42:52Alexis, she's MI5.
42:54Please.
42:55No.
42:57Not this time.
43:01I didn't think you'd come back.
43:04I came to finish what we started.
43:07To achieve the things you talked about last night.
43:11What if I still don't trust you?
43:15Well, if your FSB friends gave you my name,
43:18they'd have told you how I joined the service.
43:21How I've always had doubts.
43:23I just thought you had an appetite for betrayal.
43:28The system's failing, Alexis.
43:31The change you want has to happen.
43:33What's she talking about?
43:35Don't worry, Asa.
43:37You'll get your money.
43:40But I'll get what I want, too.
43:45See, it doesn't really matter why you're here.
43:50Because I can't lose.
43:54If the Treasury pay out, then I bankrupt the country.
43:58If they refuse, then I release information that destroys Highland Life.
44:03Taking the British economy with it.
44:05Look, I don't know what you're talking about,
44:07and I don't know what she's talking about,
44:09but I have a business deal here, and I want my money.
44:12You told me that the Treasury would never refuse,
44:15that they would have to pay out.
44:17Whichever way it goes, I guarantee that you will get your £65 billion.
44:22No, he won't.
44:24Not if MI5 pre-empt you.
44:26Right now, I know you're deep inside Highland Life
44:29because you expect the Treasury to pay out.
44:32But if they release a statement explaining what happened,
44:35and refuse to,
44:37you'll lose everything.
44:39You'll lose everything.
44:41And they will.
44:43Because they have no choice.
44:46You have to switch position, Alexis.
44:49You have to bet against the bank
44:51and expose Highland Life's debts before they do.
45:01Why should I believe you?
45:03I've had enough of these games.
45:05We're going to do this my way.
45:09Call him.
45:17You heard him.
45:20Call MI5.
45:23Five minutes till the market's open.
45:28Hello?
45:29Harry, this is Roz.
45:31Roz, what's going on?
45:33I'm with Alexis Maynard and Asa Darlac.
45:37I hear you are intending not to pay out
45:39and release a statement letting Highland Life go down.
45:42I thought you might like to know I have a gun
45:44pointing at your officer's head.
45:47If you do that, I will kill her.
45:49Roz, are you there?
45:50You have 30 seconds to make your choice.
45:53The money is invested the way you said.
45:56I have to release that statement.
45:58Roz. Roz, can you still hear me?
46:02Roz, can you hear me?
46:07You have 15 seconds to cancel the statement and pay out
46:11or I will kill your officer.
46:13Roz, are you there?
46:19You have 10 seconds.
46:22Roz, are you there?
46:24Harry, there is no gun.
46:26Release the statement because there is no gun.
46:29You little bitch.
46:33Release the statement. Release it now.
46:37Switch up position. Put everything against the bank.
46:39Sell Highland Life. The government is abandoning Highland Life.
46:42Let's eat you out of time.
46:44Now!
46:47Roz. Roz.
46:48Breaking news, Justin.
46:49We're going over to our Westminster studio
46:51where I understand the Secretary of State for the Treasury, Julian Calderwood,
46:54is about to make a statement.
46:56The Treasury feels it has no choice but to offer the Highland Life Bank
46:59all possible financial assistance and support.
47:03The bank and its depositors are safe.
47:05Roz.
47:06So, my message to the public is to have confidence in us
47:10and confidence in the Highland Life Bank.
47:12Roz!
47:14I'm fine, Harry.
47:22Highland Life price is rising.
47:24Mail must have lost everything.
47:35You know this system is rotten.
47:40It has to change.
47:45I have a duty to the British state.
47:48You have a duty to make things better.
48:00You two should work out more.
48:06I just wanted to protect what I have. I don't need...
48:11Malcolm.
48:13Roz.
48:14Yeah?
48:17I need to report something.
48:21I've made a lot of money out of our operation.
48:25It's insider trading. I had to give it back.
48:29You've given enough over the years, Malcolm. Don't you think you deserve it?
48:32No, but...
48:33I find dealing with reports really boring.
48:40Well done.
48:43Going back to Maynard's hotel room without backup.
48:46I'm not sure many people could have done that.
48:48For a non-existent gun, it made quite a bang.
48:50Has anyone spoken to Joe yet?
48:52No, I'm just about to.
48:54I think I should do it.
48:56That might be best.
49:02PHONE RINGS
49:33Hey.
49:34This just arrived for you.
49:35From downstairs.
49:36Thank you.
49:37Oh, and Ben.
49:38Yeah?
49:39Get on to personnel.
49:40Tell them that Elisabetta Starkova is no longer to be used as a nurse, eh?
49:44Sure.
49:59How are you, Joe?
50:01How are you, Joe?
50:08It's Boscard.
50:11Wherever I go, Boscard's there.
50:12That's impossible.
50:15I need proof of where he is.
50:17I need to know what the service did with him.
50:26Adam realised that your memory of events was imperfect.
50:31He took a decision in the interests of your recovery.
50:36Who killed him?
50:38You did.
50:42The work you and I do is always going to be tough.
50:46Much tougher than Harry and Lucas can ever know.
50:51Which is why you and I have to be much tougher than them to do it.
50:55He raped you, Joe.
50:56You killed him.
51:01I'm sorry.
51:07I'm assuming no one will ever find out about this.
51:10It's taken care of.
51:14Thank you for telling me.
51:25Lucas, come in.
51:28Harry, I was angry last night.
51:30When I got home, I couldn't sleep, so I wrote down a few things,
51:33and it prompted a memory.
51:35When I was meant to be out cold, I kept hearing a word repeated.
51:39Volomnik.
51:41It's Russian for pilgrim.
51:44I thought it might be the name of an operation or an asset that betrayed me.
51:47So I checked it out, and the only link seems to be to an MI5 officer.
51:52He was quite senior, but he's been retired for a while.
51:56May I see the file?
51:57Oh.
51:58I think you're on some sort of second-hand shop in South London now.
52:09Harry.
52:12You all right?
52:20They are deep, Harry.