Hit HBO finance show 'Industry' could use an audit over banking world flubs, fans say: 'Plot isn’t always realistic'

The hit television show “Industry” gives viewers an inside look at the lives of twenty-something Wall Street-types — full of sex, drugs, high finance, and lots of banking errors.

“Industry” follows a group of graduates as they jumpstart their careers at the London offices of Pierpont & Co, a fictional bank likely inspired by JPMorgan Chase. The famed 19th century banker J.P. Morgan’s middle name was Pierpont. “Industry” paints a picture of an intense, overbearing work environment, with screaming matches on the trading floor and even the death of a young employee.

“Unfortunately, there was no gratuitous sex, at least in my experience,” Morgan, the former Merrill Lynch trader, told The Journal. Then, the fictional Pierpont endured a crisis after it borrowed too much money to buy stakes in companies with the controversial Environmental, Social and Governance policies. Markets lost confidence in the bank after the IPO deal fell through.

The traders used a measurement of “pbs” on some of Pierpont’s Excel spreadsheets – a likely misspelling of “bps,” which stands for basis points.

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