state institution was starting from the government through palm and persecute orpheus national bank the center of combating corruption and he is using the state for his own interest. of a direct links have never been proven his opponents say that particular question dreaming about whether they are a cork was tied to one of motives most notorious financial scams. in the winter of twenty fourteen fraudulent claims amounting to over a billion dollars were made from three major move david banks joerg a three day period the country's national bank was forced to cover the loss. for light from the crime for which and the a handful of mind to think is were held responsible continues to impoverish the country. for more than g.d.p. it's twelve percent and the problem is that this many have been put on the shoulders of taxpayers so we have to return the slimy excellent double malt judy and twenty five years many people are having to sell their belongings in order to get by. and when so it's a good number said it is sure. the image that the first thing you heard budget commandos would give but wher

of money laundering is a who's who of european lenders at the top is don scott bank denmark's national bank which admitted that much of the two hundred thirty billion dollars flowing into its tiniest only a branch from two thousand and seven to fifteen was likely suspicious so how does it happen even member nations are in charge of policing their own banks but there's no easy wide regulator and since even banks can freely transfer money to each other it takes only one unscrupulous bank to inject money into the entire system and where is the money go it could be hidden in an offshore bank account or used in a criminal or a licit enterprise so what can be done to stop it for more on that i'm joined now by nick a lifer own he's a senior fellow at the peterson institute for international economics in washington d.c. . you've written recently about this very issue tell me what's currently in place for e.u. member states to stop money laundering. well just points are the principles of the global level of recommendation from the so-called financial action task force and then there is a european un

the country's national bank was forced to cover the loss. for light from the crime for which and the a handful of mind to think is were held responsible continues to impoverished the country. for more than g.d.p. it's twelve percent and the problem is that this many have been put on the shoulders of taxpayers so we have to return the slimy excellent double malt jewelry and twenty five years many people are having to sell their belongings in order to get by. the white so it's a good number said it was sure. the image that had been suppressed in her but budget commandos were good but where does one of that show which is a. legislation passed by parliament last year made it practically impossible to recover the stolen money. making these the draft laws that in fact it has been propose it as an attempt to help the businesses but in the reality it was an attempt to free him from an illegal liability people involved in the bank ford. the government of reps it into street protests. what this characteristic for this crime did the state has participa

politician with his nation's interests at home but who is the man who many know is moldova's puppet monster and what lies behind murky allegations of blackmail hitmen and a billion dollar bank fraud. moved over is one of europe's poorest and most troubled nations and many people here think they know why. some blame a billion dollar fraud which bankrupted the country. others point to the post savior trip public's complex relations with east and west. but almost everyone even the president seems to agree on one thing that it's impossible to disentangle moldova's problems from the power and influence of wielded by one mind. flood plain old news otherwise known as the puppet master. model of the question it was for those. scenes to do the voice of the little subtle elite of a great mimi but difficult western squalor that is for me to mogo the pull at the nearly getting. the inexplicably goings on in the life of blowhole newt leader of moldova's democratic party a partner in the governing coalition of the stuff of spy fiction. huge wealth and attempted assassination and accusations of blackmail and bank fraud we feature film that you won there. in the film look at me get the boo

joining forces or years been struggling to grow but when the government's pushing for stronger national banks the lenders afton from formal talks towards a possible merger that would create a national champion in financial services. they're the largest banks in germany and their competitors now they want to join forces to become one strong german private bank above all because the federal government in germany wants them to be the goal a bank that can keep up with international competition both financial institutions have seen better times numerous lawsuits have had a strong impact on them after three years of losses profits have recently returned but both banks are in little compared to their international competitors if we will only merge with comments bank if it makes economic sense that's why we need a good plan. as far as the balance sheet is concerned the two banks are far from equal one point seven trillion euros a georgia bank and a half a trillion euros that commits bank together the two banks would almost catch up with the largest bank in the us j.p. morgan chase in purely mathemati

raising credit by using illegal guarantees provided by a rogue staff at india's state run punjab national bank his arrest comes just three months after a british court ordered the extradition of another indian tycoon b.j. . and that's business asia here on the w. next stop is news so stay tuned meanwhile for me and the team here in berlin thanksgiving is going. to. the power of commerce in business they make a statement and entice funders. colors represent brands influence customers and sometimes cause controversy. they're quiet but powerful ambassadors who help companies stay in the black. come a matter on made in germany ninety minutes on t.w. . hundred small thieves in the night clubs. where i come from roggio remains an important town for new soft transmitting mules and conformist and when i was young my concert was in the drawer each minute conference the more throbbing of people most people would cause that i wanted roger deceivers. it was my goal to tour in one off the lot just roger say it's sold out to everyone in that town pool to listen to those updates being. met in costume from in

castro appoints chain director of cuba's national bank.

raising credit by using illegal guarantees provided by a rogue staff at india's state run punjab national bank is arrest comes just three months after a british court ordered the extradition of another indian tycoon b.j. . and that's business asia here on the w. and next up is news so stay tuned meanwhile for me and the team here in berlin thanksgiving is going. to. because. the power of commerce in business to make a statement and entice spinors. commerce represent bring influence customers and sometimes cause controversy. they're quiet but powerful ambassadors who help companies stay in the fight. come out are disciplined made in germany thirty minutes upon. we speak different languages we fight for different things that's fine let me also make up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters d. w. made for mines. what's the connection between bread. ambiguity and. no guilt motus d.w. correspondent and avid baker crap. turn to scandal to go about recipes for success and strategies that make a difference. baking bread. d.w. . an african.

castro appoints cheney director of cuba's national bank this nomination is a provocation for the united states and they decide to block all credit to cuban banks for del castro responds by attacking american businesses in cuba the escalation has begun. by nihad will barely believe. the americans stop all sugar imports from cuba the islands economy ninety percent of which is dependent on its business with the united states is on the verge of collapse fidel needs to leave the bit if the us and the only way of moving away from the us for a small country like cuba in the one nine hundred sixty s. is to move towards the u.s.s.r. this simply is no other way it's a practical resolution if not nineteen folk about it let's show he can any could he be sure it appears she next week so his you know who you'd be tolerant of an early shoot key and there's once you he said to take it he had to be twenty percent in. the u.s.s.r. now provides oil to the island in exchange for a cheaper. feed their oil. i mean young. deal about the basis and he said early in your soviet elaph orsino she did get toyed wit

national champion in financial services. there were many rumors and now it's official. and commits bank will hold their first formal talks about a proposed merger. he says on. these talks can go any way even on a vote of all they will take time because we want to be thorough. so we are a global bank and we will still be a global bank in the leading position in germany's domestic market and in europe as well. there is a possibility that we can better our position together with commits by. years of legal problems have cost a lot of money but in twenty eighteen the bank return to profitability for the first time in three years as for the commits bank the german government still owns a fifteen percent stake in the company both banks have higher operating costs than much of their international competition a merger could save both banks billions but it's likely to cost germany thousands of jobs over first we fear a merger could lead to the loss of tens of thousands of jobs especially in their consumer facing and corporate banking departments both banks are well staffed in those departments an

national banks if we just want to rank them by assets under management you have tortured bunk with just the board one point eight trillion dollars that is far less than the european competitors if you look at u.b.s. or the c.e.o. over in england it is far less than the american competitors and of course they are way way far away from the chinese competition some of those things are three times the size so today though it should bunk ranks just about under the top twenty and is not really much of a global player anymore i don't mean left behind we can see it maybe this will be a potential marriage made in heaven so to speak lars also from the business thank you so much you're welcome. i guess the best protesters marched in paris today for the seventeenth straight weekend and while turnout was fading for those who were main anger with president emanuel macross government is not the movement began over i feel prices but it's now taking broad aim at his policies which protesters say are out of touch with the working class. yellow vests in the streets of paris once again they came in the tho

national banks if we just want to rank them by assets under management you have to a chipmunk with just the ball at one point eight trillion dollars that is far less than the european competitors if you look at u.b.s. or h.s.b.c. over in england it is far less than the american competitors and of course they are way way far away from the chinese competition some of those things are three times the size so today deutsche of punk ranks just about under the top twenty and is not really much of a global player anymore and being left behind we could see if maybe this will be a potential marriage made in heaven so to speak lars also from the business thank you so much you're welcome. now to some of the other stories making news around the world supporters of the far right national core party of clashed with police in kiev the demonstrators were protesting corruption in the army ukrainian president petro poroshenko has made tackling corruption a key issue with head of elections on march thirty first. at least fifteen people have been killed by armed gunmen at a nightclub in central mexico acco

big risk a lot of people say is that you're creating from several banks you're taking them you consolidating you're creating a big national lender which means that all the systemic risk is suddenly place their economy goes bad what if the new big bank is strong enough the government has basically no other choice but to bail it out this is the one bank that can't topple so it's wildly from the start that's not good and the current economic situation is what's strong. having this merger absolutely that's why there's been so much pressure from the german government especially from the finance ministry for this merger on america all the chancellor says that she hasn't really taken a position on it but from her own governments from the governing coalition i should say there has been a strong push for a preference for its and that's why it could also create bad circumstances if there is government pressure that might allow them to overlook something else that was deemed of used even beardsley with me here earlier in the studio or staying in germany a syrian margaret has gone to trial charged with killing a man in the eastern ci

central banks we don't know how much of the shares they're buying we know in japan openly the swiss national bank the bank of japan are buying up all sorts of equities and bonds and stuff but i also want to point out the other problem for the u.s. he's pointing out is that saudi arabia now has a bad reputation not only did they chop up this guy melted down and cook you know that jamal khashoggi the journalist for the washington post but and now it is looking like they had a whole hit squad killing all sorts of people you know americans you know the media doesn't care about that m s n b c maybe doesn't care so much about that but because it's not you know and we so-called enemy nation venezuela china russia but saudi arabia is the single largest funding source for u.s. startups funneling at least fifteen billion dollars since mid twenty's sixteen s kara swisher said if you remove the saudi it's eleven billion since two thousand versus saudi arabia's fifteen billion right and if bad reputation were trading on the new york stock exchange it would be them highest capitalized stock on any exchange any

nation's interests at heart but who is the man who many know is known to over. puppet master and what lies behind murky allegations of blackmail hitman and a billion dollar bank fraud. yacht . in the world over is one of europe's poorest and most troubles nations and many people here think they know why. some blame a billion dollar fraud which bankrupted the country others point to the post savior trip public's complex relations with east and west. but almost everyone even the president seems to agree on one thing that it's impossible to disentangle moldova's problems from the power and influence wielded by one man. flood plain old news otherwise known as the puppet master. model is a question of us and those who look out of the scenes to to give us. a little something putting in the lead at a rate me me but guess whether slugger that is for me tomorrow or the ball at the nearly getting. the inexplicably gang zone in the life of blowhole the leader of moldova's democratic party a partner in the governing coalition of the stuff of spy fiction. huge wealth and attempted assassination and accusations of blackmail and bank fraud we feature film that you won there. in t

the nation's banking regulator says a research note by jpmorgan, the recommended selling of lira had tive content. a spokeswoman for the bank declined to comment. swath of territory once held by the islamic state in iraq and syria has been liberated according to the pentagon hours after a kurdish fighting force in syria claimed victory. it is the first time the u.s. military has proclaimed the terrorist group no longer holds the landed called it caliphate. global news, 24 hours a day on air and at @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. >> anabel, thank you so much. let's get a check of the bond markets. we are 15 minutes into the cash session and european bond markets. the 10 year treasury yield is steady on the 244 handle after we saw it dropped to its lowest since january, 2018. the 10 year bond yields dropping into negative territory for the first time since 2016 on friday. we are still in negative territory, but steady, not falling and he further. in other parts of europe yields are moving higher, the b

haiti and one nine hundred fourteen us marines took five hundred thousand dollars from the haitian national bank and transported it to new york for safekeeping that we keep radiating from one thousand nine hundred fifteen to nine hundred thirty six push this wildly popular leader into exile also for safekeeping and then there was this it's never police the tonton macoutes job opportunities for the youth of course. well us subsidize rice destroying the rice market that's that's an economic partnership and then the well we're of course kidnapped and pushed out this wildly by the mention the clintons use the earthquake for regime change and corporate enrichment a disaster program so what were those guys really doing on their own they said was our boss will call your boss and refused to say more it said. which sounds like a line from a bad episode of the sopranos you know tony joins blackwater as a private security contractor faces conspiracy charges overseas and then has to ask the f.b.i. for ho that doesn't sound like the sopranos never seen it ocean. ocean's fine didn't exactly pack light they ha

court under martial had already of how -- alreadyution is held up the constitutionality of , the national bank, in maryland. andrew jackson vetoes the bill to recharter the bank and says that he as president has just as much power to interpret the constitution as the supreme court. then finally on andrew jackson, he also expresses his opposition to the supreme court's ruling having to do with the cherokee nation, worcester versus georgia, in the 1830's, where jackson may or may not have actually said "john marshall has made his ruling, now let him enforce it." if he did not say it, he certainly acted as if he said it, in how he was able to basically stand up to the supreme court, even though the court had held against jackson's policy of trying to force these members of southeastern indian tribes out of oklahoma. jackson was able to implement that. all that is simply to say that the founding generation didn't necessarily know. they thought such an institution was necessary, but they probably could not foresee the power of the court, especially the sort of power that it came to exercise in the

to china and arranged fundchina a $1 billion business with his son and a partner with a chinese national bank. did you write about that privilege that joe biden took? biden's wife and child were killed in a car crash, his wife was at fault anyone for 20 years telling people that the man driving the truck was drunk. you ever write about either of those joe biden infamies? guest: i didn't, and i have written over the years very little about joe biden at all. i'm trying to think of any story in particular in which i did write about him. others wrote about him. wrote --whether i ever i'm not sure whether i ever wrote a single piece. in any event, certainly not either of the things that you mentioned, i did not write about that. host: that all important primary state of new hampshire, tyler is waiting period. caller: i want to talk about elizabeth warren. i think she's been lining up for it'ssidential candidate -- --t looking like [indiscernible] host: you are a little blurry there. let's just talk more about elizabeth warren. know, to be a candidate, here's what i think is her biggest problem. ha

the prime minister says tauren is expected to face additional charges reporting in washington national banks are. as we go to break my heart watchers don't forget to let us know what you think of the topics we've covered over facebook you tube and twitter and see your full shows on r t v dot com coming up investigative journalist bum's one joins us to discuss the latest twists in terms of the national security agency's latest claims of finally ending a major spying program but you know you have to say things are never as they appear to be my friend stay to watch the hawks. so what we've got to do is identify the threats that we have it's crazy on sunday shouldn't. it be an arms race. spanning dramatic development only i'm going to exist i don't see how that strategy will be successful betty ok to kill time to sit down and talk. during the great depression which are old enough to remember that it was most of the family were working. there wasn't it was bed much worse subjectively day but there was an expectation that things were going to get better. there was a real sense of hopefulness there

authorities to investigate the cause of the crash reporting from the newsroom for boom bust our national banks. and we're going to squeeze in a quick break here but stay with us because when we return some cryptic currencies have been outperforming bitcoin taylor lettermen of simpler trading joins us to discuss the also rans and how fast they're running and during a hong kong visit or to spread japan. set out with. about innovative chain use cases of cases we'll have that for you as we want to break here the numbers at the closing bell we'll be back in a flight. seventy . seven thousand. two. hundred sixty days of. the russian. stuff. show you how. long the crimea bridge was. witnessed the construction moving you need to transport. that will help the cause of crimea. while google more familiar with it a bit but. manufacture consent to public wealth. when the ruling classes protect themselves. with the famous merry go round listen to the one percent. we can all middle of the room sick. this is a stick from the water bottle found in the stomach of a fish the brand is part of the coca-cola compan

authorities to investigate the cause of the crash reporting from the newsroom for boom bust our national banks. were to squeeze in a quick break here but stay with us because when we return some cryptic currencies have been outperforming bitcoin taylor lettermen of simpler trading joins us to discuss the also rans and how they're run and during a hong kong visit or to spread to poor. set out with. about innovative chain use cases of cases we'll have that for you as we go to break here the numbers the closing bell will be back in. whether you're for or against the venezuelan government for or against socialism it is obvious the mainstream media are committing a lot of journalistic malpractise once again mainstream media policy preferences of those in power if it comes to still another military intervention media response. seventy four. thousand. two. hundred sixty days of. the russian. show you how. the crimea bridge was. living in. the crimea. while google for more. although the latest skirmish on the indian pakistani border has faded from the headlines it left the leaders on both sides with h

the prime minister says tauren is expected to face additional charges reporting in washington national banks are to be. as we go to break my heart watchers don't forget to let us know what you think about topics we've covered over facebook you tube and twitter and see your full shows on r t v dot com coming up investigative journalist bums one joins us to discuss the latest twists in terms of the national security agency's latest claims of finally ending a major spying program but you know what you have to say things are never as they appear to be my friend stay to watch the hawks. breaks it count down. during the great depression which. and it wasn't it was bed you know much worse objective listen today but there was an expectation of the things were going to get better. and there was a real sense of hopefulness there isn't today today's america where shape my the turn principles of concentration of wealth and power. reduced democracy attack solo do no engineer elections manufacture consent and other principles according to no on. one set of rules for the rich opposite. to that's what happe

fifth the prime minister says torn is expected to face additional charges reporting in washington national banks are to be. as we go to break my heart watchers don't forget to let us know what you think of the topics we've covered over facebook you tube and twitter and see your full shows on r t v dot com coming up investigative journalist burns one joins us to discuss the latest twists and turns of the national security agency's latest claims of finally ending a major spying program but you know you have to say things are never as they appear to be my friend stay to watch the hawks. they told you to get up off your serbians. sounds or maybe. on. the individual wish to do away from the office or the toilet of his crew. the obvious or did they kind of lunge for the weapon once missed and then when it happened on tree swung at the officers hands didn't hit them i never saw any contact between the two and the kind went back to where they were so the officers back here there try again fifteen feet apart at this point and that's when the officer pulled out his gun and aimed it on tree. you know if i

indian authorities on a warrant for fraud charges related to last year's collapse of the punjab national bank mr modi is accused of fraud gently securing credit from other banks by leveraging guarantees from corrupt p n b steph the bank by the way has been making some progress this year on its stock and remains in positive territory year to date . and now we move from one mode to another as indian president in a random o.t. is currently facing a tough reelection campaign in the world's largest democracy president modi is looking to bolster his chance for a second term in office by running primarily on the economy and job creation and on that front he seems to have some legs to stand upon let's take a look at the sun second is permitted market index and also a good indicator of where the indian economy stands look here at the performance over the last five years that's when back in two thousand and fourteen at about twenty two thousand where he came into office and if you go back that wasn't bad to begin with be go back it went down a little bit but by and large that's a pretty progressive cha

the prime minister says turin is expected to face additional charges reporting in washington national banks are to be. as we go to break my heart watchers don't forget to let us know what you think of the topics we've covered over facebook you tube and twitter and see your full shows on r t v dot com coming up investigative journalist bums one joins us to discuss the latest twists in terms of the national security agency's latest claims of finally ending a major spying program but you know you have to say things are never as they appear to be my friend stay to watch the whole. drew on friday oh. dear it's really. been a real good shots to begin murders controls all life. becomes i'm sorry the last communities young people are deciding this they want to be not like their parents not like them liberals. the blacks are always drug school again you always have problems but your level of focus and law is the most ubiquitous known out there most police departments use it almost every sisters in the school felt that they could get their hands on a gun was in twenty four hours. through it teach nic

let's talk about the market national bank. this is one of the most interesting things in your book. our problems with people's financial insecurity and the wall street banks just have us over the barrel and there is nothing you can do to fight them. talk about what that case does and the insecurities that we film out economically. >> sure, this is a chapter that i devote to economics. it was an absolute defining moment and crushing event in this country's history. it is not given the recognition that it is due sometimes in political books like this one. yeah, the book moves through the 1980s to talk about how consumerism had this country grew. this chapter is called more consumers than citizens. that's what it is about and how that changed us. the market supreme court decision from 1978, amazing and very dull but incredibly important. it is not up there with brown v. board and roe v. wade. this case enables banks to you know how citi bank is in south dakota in. >> yes. >> that comes from this case. there were no credit card violences in this country. by 1970s hundreds of those. >> el

america's national banks has more on the crashes and the events that led to these announcements the pilot of the ethiopian airlines jet that crashed on sunday reported he was having flight control problems and wanted to return to the airport so this crash was the second fatal accident to take place involving a boeing seven thirty seven max jet and less than five months and i told her of last year max a jet crash in the java sea killing all passengers and crew on board and both instances the flight to experience a drastic speed fluctuations during ascent and both pilots tried to return to the airport a few minutes after takeoff but were unable to do so experts say a new feature was introduced to the max jets that would help prevent the jet's nose from raising dangerously high and in some cases accidently nose diving resulting in either a steep dive or crash it's not yet clear whether the feature was an effective due to the unknown more than fifty nations including canada australia brazil china the cayman islands the u.k. the netherlands south africa turkey spain and switzerland have taken

nejra: and one of the arguments for germany to merge the banks, to create a national champion. e positive aspects of that outweigh the negatives, the challenges of merging the two banks? dorothea: national champions itself have no economic value. but you can them, also hate them. not really we have strived to have a national banking champion in the past years, because we had a very and in banking crisis, that crisis the problem was that all the large banks were doing the same thing, and they were there for all in trouble -- therefore all in trouble at the same time. so now there are huge fears that a lot of employees will lose the stafftions, and reductions, there is a high commerzbank would take the highest burden in this, so there are really fears. nejra: dorothea schaefer,, research director of the german institute for economic research, thank you so much. just got a red headline. -- kazuoai will retire hirai will retire from sony in june. this is bloomberg. ♪ want more from your entertainment experience? just say teach me more. into your xfinity voice remote to discover all

a lot of this took place in units that are not based year, but these are national banks, very much ing concern is whether this could turn into a story where the ceo was forced to leave the banks. serious outflows of clients. half the size it was the year ago. the finance minister told me we want to see an independent investigation. we want to find out what went wrong so we do not think this case in particular in sweden, swedbank will turn into system a grist. she also said the country stayed to cooperate more in europe will stop what i also hear from many in the banking sector is they are concerned because if they reveal too much information and there is not a single centralized power, they are concerned may be competitors and rivals and other countries may use that as a competitive advantage. what you have is a big single market, eu27, but no single rule for all of them and then things like this happen. vonnie: maria, just jumping in here, making headlines that i want to let you all know, resigning from the white house post. this is according to the president and communication direct