s livan: capacete complained to u.b.s. managers, but heard nothing.d then, finally, aearly a year, he got a visit from u.b.s. compliance officers in the u.s. he says they called hi a conference room and said they'd found no evidence that brokers were misusing loans. >> and i jumped up and i said, "y're kidding, right?" you know, this... this... you know, "this is a jok" and i said, "what did you do?" and one of them, she was very..b and i re these words, you know, said, "what would you have done?" >> sullivan: she said that to you? >> and i stood up and i told her, "look at the big accounts t and foll money. that's all you have to do." in>> sullivan: why do you the bank would want to turn a blind eye to something liketh ? >> because it was profitable and i was the one that was... how... in spanish, we say, "arruinao la fiesta." i was the one that was spoiling their party. >> sullivan: that party ended in 2013. there were growing concerns that the government couldn't pay back all the bond debt it had taken on. the value of puerto rican bonds began to p

after a number of years, he moved all his retirement savings to u.b.s., more than $350,000.d then in 2011, his broker ivde him an offer. >> he said, "i canyou a collateral loan for a million dollars." >> sullivan: he said, "i'm going to give you a million-dollar loan"? >> a loan, and, "you invest that monein more bonds, puerto rican bonds, and then..." >> to buy more bonds.>> uy more. >> sullivan: and buy more bonds. >> that's right, and i said, "i don't think i can h that. let's go to half a million." >>ullivan: what were your thoughts when he proposed this idea to you? >> that this is something unique. i really made it for my retirement, and this is great. >> sullivan: wt ram lamba says he didn't know is that u.b.s. had invested his money into special bond funds that were riskier than what's allowed on the mainland. and, that inside the bank, concerns wergrowing that those funds were in trouble, yet u.b.s. kept pressing brokers to sell them... e >> there was srdline tactics to sell the funds. you know, like, "go out and get them. let's go. you got to sell these funds." the

not allowed that's hampered growth if approved morgan will own fifty one percent of the new venture u.b.s. and japan's nomura have already applied under the new rules which china and now and soon after u.s. president donald trump visited beijing. the death of two women who were crushed in a stampede at a border crossing was brought to light a darker side of morocco's trade relationship with spain and most of morocco is imports come by way of spain some make the thirty kilometer crossing from the spanish port of cirrus to the spanish and a c. uter on maracas northern coast and they are then transported through customs into morocco but some importers take advantage of a new poll to avoid paying customs duties namely by having the goods carried literally and its morocco's most vulnerable women who pay the price. every pace is a struggle hand to hand battle with burdens weighing up to one hundred kilos these moroccan women work as mules moving merchandise across the border from the spanish enclave of seawater into morocco. all this to get fifteen euros per trip the taxi to the border cost fou

think these political debates is very very important not only for european bottom of the owners of u.b.s. seasons for this they want to thank you for the question and now the floor is yours is the. right. president and honorable members you've raised a lot of important questions and i'm going to try to use the remainder of our time to get through as many of them as i possibly can. a number of you asked questions around inappropriate content on facebook in one form or another whether it's hate speech or bullying or terrorism or different content and how that relates to this or fake accounts and how this relates to this position in philosophy of needing to take a broader responsibility. first let me be clear the bottom line here is that hate speech bullying terror violence all this content has no place on our on our services. but in order to really execute that we need to upgrade and do a better job of executing our policies so if you look back at the history of how we've operated. when i got started in my dorm room and college because it was just me and because we didn't have the i tools

that hump growth if approved morgan will allow will own fifty one percent of the new venture with u.b.s. and japan's remora have already applied under the new rules which china announced soon after the u.s. president on a trump visited beijing. now to a very disturbing story the deaths of two women who were crushed in a stampede at a border crossing has brought to light a darker side of morocco's trade relationship with spain and most of moroccans imports come by way of spain some make the thirty kilometer crossing from the spanish port of agassi or us to the spanish enclave of sea uta on america's north and coast now they are then transported through customs into morocco but some importers take advantage of a loophole to avoid paying customs duties namely by having the goods carried literally and its maracas most vulnerable women who pay the price. repays is a struggle hand to hand battle with burdens weighing up to one hundred kilos these moroccan women work as mules moving merchandise across the border from the spanish enclave of seawater into morocco. all this to get fifteen euros p

you about that we've talked a little bit in the bank about the banks you're a former banker yourself u.b.s. i believe and maybe some. other bank but you know the banks have been a little bit slow to get into this and then just in the last several days you saw the new york stock exchange reports are that they are developing a platform for trading crypto currencies do you think that the more institutionalized investors the exchanges are going to be coming to the crypto space in the near future or go. that's in the clear definitely i guess reuters around the survey asked financial institutions about their plan to get into the cryptocurrency space and one out of five. planning to do so this year and this is. also and it shows you know that cryptocurrency space but also you know protocol space is developed and into. turn it if asset class which cannot be ignored anymore. that's very interesting what talk a little bit about governance and regulation we're seeing more and more of this in this space like the winkle vi the little boys twins the german exchange founders starting a self-regulatory or

allowed that hampered growth if approved morgan will own fifty one percent of the new venture swiss u.b.s. and japan's new more have already applied and the new rules which china announced soon after u.s. president donald trump visited china. more business later on but sports now and the end of germany's footballing season. we are talking of course about the bun this think it comes to a close this weekend as we heard but not before a final match day which said see plenty of drama at the table setting it all out for us is nick mechanically joining us from our sports desk so what can we look forward to this weekend when you look forward to this was a decided decisions to be made of course israel gave decision who's going down freiburg ball spoken hamburgers the three teams will be shaking in their boots nights ahead of tomorrow's games you have the five european qualification who is going to be playing in the prime tournament next season of course six weeks after winning the title by munich finally get to lift the trophy of that we've got that a lot more detail in this report. another year

standard chartered u.b.s. critters none of come in to make substantial investments in iran or or offer trade financing to iran so why i don't see how that will change given now that they're going to have the the sort of damocles of u.s. treasury sanctions on their necks it's difficult you can't force public companies do business that they don't want to do because they're afraid they're going to lose a bigger business the united states and you're absolutely right these are decisions that are going to be made in the boardrooms and even if brussels says the right thing you can't force the companies to necessarily want to do business or to engage in trade but do you think that now that you have this sort of balance of power potentially this fracturing alliance between europe and the us perhaps europe having to speak out about the sort of lack of reliability of the us as a partner in this in the fact that they do want this deal to what that it might encourage them to be more forceful. to see if it goes beyond the r