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and out someone makes another boner of a mistake here by saying while the such a banks of the lender of last resort now the central banks are the buyer of bad debt first order that they not they're no longer functioning as they were designed to be a cushion they're now operating as the primary instigator in a fraud or a ponzi scheme and just to repeat on this point a little bit the income that is associated with servicing the bad debt in the city of london yes r.b.s. is an asset because it's the end. enormously overindebted in a solvent institution that has no real justification to be allowed to continue to put that into context royal bank of scotland's assets are one point one trillion dollars. out salmon thinks that they d.d.p. of an independent scotland for the first year would be two hundred forty five billion so they say the assets are one point one trillion of r.b.s. and therefore they wouldn't be able to bail it out but the thing is like why would you want to be part of the city why would you want to be beholden to the bank of england you'd end up being like greece to yo
and out someone makes another boner of a mistake here by saying while the such a banks of the lender of last resort now the central banks are the buyer of bad debt first order that they not they're no longer functioning as they were designed to be a cushion they're now operating as the primary instigator in a fraud or a ponzi scheme and just to repeat on this point a little bit the income that is associated with servicing the bad debt in the city of london yes r.b.s. is an asset because it's...
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is already here in the city of london and they are engaging in what the banks on the city of london do are b.s. lloyds barclays and the other one h.s.b.c. h.s.b.c. and others four or sort of the banking apocalypse they're already committing there are who wants them why would scotland loan r.b.s. royal bank of scotland i mean it's a joke it's like these bankers threatening to go to switzerland if they're if they're if any regulations are imposed on them just go we can drive you to the airport just get out well it could be you know psyops them for pretending that they might want it in scotland so that vince cable for example is like yeah we'll take r.b.s. here and stuff the english voters and taxpayers with all those mammoth amounts of debts we don't know what the black hole that's you know there hasn't been an actual day of reckoning yet and the global financial system we don't actually know how many fraudulent debts there are but the other thing is alex salmon with his vote for independence what he thinks the scottish people should do is stay in a sterling union keep the british pound
is already here in the city of london and they are engaging in what the banks on the city of london do are b.s. lloyds barclays and the other one h.s.b.c. h.s.b.c. and others four or sort of the banking apocalypse they're already committing there are who wants them why would scotland loan r.b.s. royal bank of scotland i mean it's a joke it's like these bankers threatening to go to switzerland if they're if they're if any regulations are imposed on them just go we can drive you to the airport...
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Feb 18, 2014
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the bank of japan doubled the scale of this unlimited lending facility and extended the time frames of a year. individual banks can borrow twice as much low-interest money as previously under a second facility. that is all fine and dandy. the impact of this is likely to be limited because companies already have record cash. it looks like steady as she goes . polemists in it from expect the july to september time frame. they could preserve firepower perhaps for later on. let's get back to intercontinental hotels latest report. this stitch -- ceo joins us from the london stock exchange. good morning and thank you for joining us today. >> good morning. >> net income beat estimates, full-year sales beat estimates. what were the driving forces, richard? rex i think we are a global business, we are in 100 come -- countries. the u.s. is about 60% of our business and that was up four percent. the fastest-growing region was middle east africa. any changes inng the markets especially with the concerns that have plagued him since the start of 2014, how might that play out into your business this
the bank of japan doubled the scale of this unlimited lending facility and extended the time frames of a year. individual banks can borrow twice as much low-interest money as previously under a second facility. that is all fine and dandy. the impact of this is likely to be limited because companies already have record cash. it looks like steady as she goes . polemists in it from expect the july to september time frame. they could preserve firepower perhaps for later on. let's get back to...
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Feb 18, 2014
02/14
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we would turn to the blunter and sherman of using bank --. blunter instruments of using bank --. ols that they have comment seems to me some of them would be really powerful effective in prove putting the lid on overheating. have the blunt instrument of moving interest rates. >> your senses what in terms of how close we are to some of those more bigger picture ask ec tools -- fpc tools being used? some of the used tools already. one of the tools they have is to inform the assessments that of the have to make affordability of mortgages. they can perform stress tests and consider what would happen if -- moves to different levels. they may find themselves wanting to use it. tools that range of i expect would be quite powerful if they need to use it. will beng the bankrate the last line of defense. thated to think about how trajectory is going to work further down the road. that is what he wants to use first. he seemed pretty dovish. >> i think he kind of -- when carney came in, he moved into being more in line with the consensus. we do not need any extra stimulus. i'm just beginning
we would turn to the blunter and sherman of using bank --. blunter instruments of using bank --. ols that they have comment seems to me some of them would be really powerful effective in prove putting the lid on overheating. have the blunt instrument of moving interest rates. >> your senses what in terms of how close we are to some of those more bigger picture ask ec tools -- fpc tools being used? some of the used tools already. one of the tools they have is to inform the assessments that...
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Feb 18, 2014
02/14
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that is what the bank of england is targeting. fs nebulous the output gap we are trying to figure out a way of understanding so we can set policy. it is many moving parts. the bank of england, yes, rates are not going up anytime soon. lower than we anticipated. we still do not know which metrical we are going to use. the other agency thing he said was, he thinks it is probably more likely that if the spc will be the mechanism by which the bank will choose the housing market and the new rules and tools the market has at that will be the story moving forward. >> that is why he said the rates are lost. >> precisely. we have all the details. we'll get monetary policy. show, plentyof the more of this exclusive interview. it was a great interview. he has to cobble together. >> it is fascinated. is werst-case scenario end up with more of the same. the same old faces we have seen with the forefront. here is this guy under 40. the youngest prime minister coming into the country in for ever. you kind of wonder if he will shape thinks of as i
that is what the bank of england is targeting. fs nebulous the output gap we are trying to figure out a way of understanding so we can set policy. it is many moving parts. the bank of england, yes, rates are not going up anytime soon. lower than we anticipated. we still do not know which metrical we are going to use. the other agency thing he said was, he thinks it is probably more likely that if the spc will be the mechanism by which the bank will choose the housing market and the new rules...
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Feb 24, 2014
02/14
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LINKTV
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let me make it clear that the banks will take care of all needs. is my belief thatoarding, during the past ek, s become an exceedingly unfashionable pastime. roosevelt did more. legislation following the bank holiday extended the federal reserve's powers, forced banks to meet tougher regulatory standards, p and created the federal deposit insurance corporation to guarantee customers' accounts up to $10,000. give me my 60 cents. how do i know you got 60 cents? here's my bankbook. all right, that's fine. 5, 10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 60. that's o.k. americans showed their faith in the reopened banks and the crisis passed. the bank holiday was a watershed. it's remembered as one of fdr's most popular political moves. but, richard gill, was it really necessary? what had happened to the money supply? well, the money supply shrank drastically between 1929 and 1933. by money supply, we mean not just coins and currency, but also our checking accounts in the banks. since we make most major purchases by checks, rather than cash, these deposits a
let me make it clear that the banks will take care of all needs. is my belief thatoarding, during the past ek, s become an exceedingly unfashionable pastime. roosevelt did more. legislation following the bank holiday extended the federal reserve's powers, forced banks to meet tougher regulatory standards, p and created the federal deposit insurance corporation to guarantee customers' accounts up to $10,000. give me my 60 cents. how do i know you got 60 cents? here's my bankbook. all right,...
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Feb 6, 2014
02/14
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a couple of banks could have a rate cut. theirre way off of mandate. >> it happened before and it could be done again. every economist we spoke to. goings is a company through huge restructuring. >> dramatic announcements today. spinning off their tv business effort 10 years. they are going to put into a second unit. makers and have had some successes. many analysts say they need more content. there's one out there saying, "i told you so. -- so." need to restructure the pcs. >> finally getting his way. thank you. we'll go through the massive restructuring changes at sony. >> baby expectations. they beat expectations with an increase of 40%. be better thano they originally let onto and they're going to increase the dividend more than investors anticipated. watch the stocks. it should be interesting stuff. it is really outperforming the rivals. >> thank you so much. anyill have it opened at second. cranny.t to manus you spoke to the ceo after the disappointing figures. >> yeah. the fourth quarter missed and the net income was 2
a couple of banks could have a rate cut. theirre way off of mandate. >> it happened before and it could be done again. every economist we spoke to. goings is a company through huge restructuring. >> dramatic announcements today. spinning off their tv business effort 10 years. they are going to put into a second unit. makers and have had some successes. many analysts say they need more content. there's one out there saying, "i told you so. -- so." need to restructure the...
SFGTV: San Francisco Government Television
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Feb 4, 2014
02/14
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i believe we see bank of america in the murals themselves and a portrait for the bank of america. we've asked for this request from them before but and approached us and asked us to come back. we'll hear whatever support i can give us. thank you >> thank you. >> good afternoon commissioners i'm al stone i'm the senior regular traffic. to expand on what rochelle was saying in terms of the cost for the restoration and the need to apply for this grant. what we've encountered in working occupy our surveys is several work has expanded slightly reknew that would. we're getting closer and closer to our costs having this entrapment it tremorly helpful. we're taking on historic finishes to help to enhance the mural presentation and this allows the arts commission to take this administer costs and it does it would do wonder to supplement the diversities of $250 from rec and park department >> we do have any public comment? so i have (calling names) sandra did you want to speak on this. she's gone. anyone else who want to make any public comment? >> i'm richard recording man but i horde some
i believe we see bank of america in the murals themselves and a portrait for the bank of america. we've asked for this request from them before but and approached us and asked us to come back. we'll hear whatever support i can give us. thank you >> thank you. >> good afternoon commissioners i'm al stone i'm the senior regular traffic. to expand on what rochelle was saying in terms of the cost for the restoration and the need to apply for this grant. what we've encountered in working...
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Feb 27, 2014
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which include some of the largest banks. the department of justice can still make extradition requests for inviting the swiss bankers and tests sports or when's willingness to cooperate with u.s. tax enforcement. the department of justice can still hold accountable the u.s. tax evaders and the tax haven banks that helped them if the department has the will. among the questions we will be asking today is why the department of justice slowed the investigations of the 14 banks through its failure to use u.s. legal tools why it accepted the swiss bank secrecy principles and the department of justice nonprosecution programs why it obtained only 238 accounts with u.s. client names in five years out of the tens of thousands of credit suisse accounts and how it plans to collect the unpaid taxes still owed on billions of dollars of credit suisse accounts. allowing americans to evade their tax obligations through hit in offshore accounts to prize the government of needed revenue. and more than that, it deprives american taxpayers of so
which include some of the largest banks. the department of justice can still make extradition requests for inviting the swiss bankers and tests sports or when's willingness to cooperate with u.s. tax enforcement. the department of justice can still hold accountable the u.s. tax evaders and the tax haven banks that helped them if the department has the will. among the questions we will be asking today is why the department of justice slowed the investigations of the 14 banks through its failure...
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Feb 18, 2014
02/14
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the bank of japan coming out with its latest monetary policy. rally and the yen weakening on the news. they did what is expected. keeping the stimulus intact, but they have been expanding some of their lending programs, and that has helped the nikkei 225 climbed 1.8%. we were up at the lunchtime break as well. dollar yen, 102. yen 35, one dollar. ♪ . >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> the following is a paid program from starvista and time life. it was an era of incredible stars. fantastic voices. >> ♪ i know i would go for rags to riches ♪ >> beautiful harmonies. >> ♪ >> magical memories.
the bank of japan coming out with its latest monetary policy. rally and the yen weakening on the news. they did what is expected. keeping the stimulus intact, but they have been expanding some of their lending programs, and that has helped the nikkei 225 climbed 1.8%. we were up at the lunchtime break as well. dollar yen, 102. yen 35, one dollar. ♪ . >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its...
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Feb 6, 2014
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he used to work at the bank of england before joining deutsche bank, and bank of england is also meetings interest rates. give us some insight into what we will hear or not hear from the bank of england and the governor. >> i don't think today we will get any big news from the bank of england. there is debate over what to do .or guidance, the threshold the threshold is we are closer and closer to meeting the threshold. our forecast is in q2 already we will be there. >> what do we think, what next? one option is that he ditches the threshold, moves it to 6.5%, or try something new. >> you have two options. forward guidance and you gave a numeric one. moving that after six months is not -- you risk losing credibility forward guidance because every six months you change it, then what is the point of giving a numeric number? >> the world can change a lot in six months, so if the reason for changing is, well, what happened to the u.k. economy as it took off faster than expected, does that not go some way to the defense of changing it? >> you can change it now. if the economy moves faster, it
he used to work at the bank of england before joining deutsche bank, and bank of england is also meetings interest rates. give us some insight into what we will hear or not hear from the bank of england and the governor. >> i don't think today we will get any big news from the bank of england. there is debate over what to do .or guidance, the threshold the threshold is we are closer and closer to meeting the threshold. our forecast is in q2 already we will be there. >> what do we...
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Feb 23, 2014
02/14
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the interior of the banks. out as quickly as possible. the fbi says in this photo one of the men is caught on camera checking out a bank. >> sometimes they would case nine or ten banks in one day looking around for banks that they thought were easy to control. >> each time they enter a bank, one of the men is armed with a mossberg 12-gauge pistol grip shotgun. because one gunman left shotgun shells near the scene of the crime, investigators know what kind of rounds they're using. and it's not good news. the shotgun shells are 00-buck with nine ball bearings in each round. each about the size of a .32 caliber bullet. >> there's a tremendous amount of damage that can be done with a weapon like this. so once you're prepared to bring this kind of weapon into a bank or some place public, that means that you're pretty much, you know, ready to commit a lot of violence. >> despite their bravado and their ability to pick banks they can rob and get away with it, their greed for cash is catching up with them. on march 27th
the interior of the banks. out as quickly as possible. the fbi says in this photo one of the men is caught on camera checking out a bank. >> sometimes they would case nine or ten banks in one day looking around for banks that they thought were easy to control. >> each time they enter a bank, one of the men is armed with a mossberg 12-gauge pistol grip shotgun. because one gunman left shotgun shells near the scene of the crime, investigators know what kind of rounds they're using....
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the numbers are quite minuscule when you compare to some of these bigger banks that are caught by the alleged infractions of charlie shrem involve money laundering with amounts in the million dollar range. compared with h.s.b.c. that got busted for a multi-billion dollar money laundering one hundred fifty billion walkover four hundred billion or so but there they just paid the fine arts deferred prosecution they did say well we will get around the prosecution some day so here are regulators in seems awfully aggressive in this space and we're going to see more of this type of thing where they've clearly they've day there is a two tier system and they're attacking charlie from here well i think the enticement is also weak because from what i. what they're alleging is that charlie shrem provided bitcoins to someone else who was a money markets maker on so crowed who was providing bitcoins the users of silk road to using some of them to buy drugs so it's like kind of three degrees and really the main accusation is that he didn't follow the correct suspicious activity reports on the other
the numbers are quite minuscule when you compare to some of these bigger banks that are caught by the alleged infractions of charlie shrem involve money laundering with amounts in the million dollar range. compared with h.s.b.c. that got busted for a multi-billion dollar money laundering one hundred fifty billion walkover four hundred billion or so but there they just paid the fine arts deferred prosecution they did say well we will get around the prosecution some day so here are regulators in...
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Feb 4, 2014
02/14
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banks? coming up, we talk to a former harvard economics professor who pulled all of his money from bank of americaand the analyst who just removed citi as his top pick because of e.m. worries. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. [ chainsaw whirring ] humans -- sometimes life trips us up. sometimes we trip ourselves up. and although the mistakes may seem to just keep coming at you, so do the solutions. like multi-policy discounts from liberty mutual insurance. save up to 10% just for combining your auto and home insurance. call liberty mutual insurance at... [ thump ] to speak with an insurance expert and ask about all the personalized savings avai
banks? coming up, we talk to a former harvard economics professor who pulled all of his money from bank of americaand the analyst who just removed citi as his top pick because of e.m. worries. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help....
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while you may not exactly be signing your life away to a bank of america you're giving the big bank a great deal of access to your private life whenever it wants and that it's pretty weird and bank of america isn't the only big banker corporation using terms and conditions to barge in on your private life fellow big bank capital one just send out a new contract update with new terms and conditions to its credit cardholders as the los angeles times puts it the company makes clear it can drop by any time it pleases you terms and conditions. the bank may contact you in any matter we'd choose and that includes emails calls texts and faxes ok that's not terrible but then comes the part where capital one says it might make personal visits which can be at your home or your place of employment so say your capital one credit card holder and you forgot to make a monthly payment or they just want to talk to you according to the terms and conditions that you just agreed to capital one entend they want can just show up at your office arrested to make that payment or whatever conversation they want
while you may not exactly be signing your life away to a bank of america you're giving the big bank a great deal of access to your private life whenever it wants and that it's pretty weird and bank of america isn't the only big banker corporation using terms and conditions to barge in on your private life fellow big bank capital one just send out a new contract update with new terms and conditions to its credit cardholders as the los angeles times puts it the company makes clear it can drop by...
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Feb 6, 2014
02/14
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CNBC
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banking system? because lending is risk at the end of the day. to find is a balanced way to continue to foot fuel growth, but without the banks actually loading up. >> how do you trade this? >> well, i think you've got to look at it -- banks, in my view, where are you going to go in terms of investment. >> the fixed income is very confused. but you've got core europe looking good and you've got peripheral europe looking very good. so you've got to look at the system and say actually, europe is looking better. you can buy the banks, the senior, you can take a look at the periphery. we've seen great performance out of pain is something i've said consistently for the past two years in the face of all sorts of ridicule from some of your colleagues. >> surely not. >> surely not, no, absolutely. but just look at the way in which they've gone about sorting themselves out. look at portugal and so on. >> the spreads have narrowed a lot, you think there's more to go? >> i think we have pore to go because i think if we believe in the growth story in europe,
banking system? because lending is risk at the end of the day. to find is a balanced way to continue to foot fuel growth, but without the banks actually loading up. >> how do you trade this? >> well, i think you've got to look at it -- banks, in my view, where are you going to go in terms of investment. >> the fixed income is very confused. but you've got core europe looking good and you've got peripheral europe looking very good. so you've got to look at the system and say...
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life because of the fed is the really the global central bankin defense they're raising those interest rates so turkey is raising rates and these other countries are raising their rates which of course is the death knell for all the real estate speculations going on which brings us to these two other commies the u.k. and the u.s. so let's look at the u.k. for a second the u.k. has been living on cheap rates in real estate speculation will this emerging market trend of raising rates to defend themselves against the u.s. tapering will it come to britain will britain at some point have to bite the bullet and say oh my goodness. because of the fed's tapering we're running out of money on our ponzi scheme we've also got to raise rates which means really the whole real estate bubble in the u.k. collapses well that's an interesting point of contagion rates in the u.k. shores that's my question two of the biggest problems with two of the biggest problems are right now it as long as too big to fail exists no one can trust the financial system because tha
life because of the fed is the really the global central bankin defense they're raising those interest rates so turkey is raising rates and these other countries are raising their rates which of course is the death knell for all the real estate speculations going on which brings us to these two other commies the u.k. and the u.s. so let's look at the u.k. for a second the u.k. has been living on cheap rates in real estate speculation will this emerging market trend of raising rates to defend...
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Feb 12, 2014
02/14
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the bank of england publishes its quarterly inflation report today. rk carney will present an updated version of his forward guidance policy. we will bring you the whole press conference live at 10:30 london time. >> the report follows janet yellen's testimony to keep rates near a record low. for more, joining us is the unicredit chief of -- janet yellen did a great job. and going to continue this reign by consensus. anything that lets you on easy or are you feeling more comfortable that this is a person that has the situation firmly in hand? >> it was a continuation of what they had. nobody thought that janet yellen was going to come out and change anything around really. she has a little bit more -- then ben that bernanke had because of the change. sam fisher coming in, a powerful man. a very got to drive careful road, but she is super competent. about isle ask me whether she is going to be as elegant and communication as we have had in the past. i think that is the big question. she has not said anything until now for about a year. we do not really
the bank of england publishes its quarterly inflation report today. rk carney will present an updated version of his forward guidance policy. we will bring you the whole press conference live at 10:30 london time. >> the report follows janet yellen's testimony to keep rates near a record low. for more, joining us is the unicredit chief of -- janet yellen did a great job. and going to continue this reign by consensus. anything that lets you on easy or are you feeling more comfortable that...
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bank creates benefits the early recipients of the money the government and the banking sector at the expense of the late recipients of the money and wage earners and the poor so since the invention of these currencies and the central banking system post nine hundred seventy one the banking sector went from four percent of g.d.p. to over ten percent. that is absolutely correct the income inequality is exacerbated by the social bunks who print money without any connection to any underlying economic fundamentals and the script was written before and when they wrote the script when nixon and all his people and government wrote the script in one thousand seventy one let's go off the gold standard they wrote the script they knew what this outcome was going to be here today in two thousand and fourteen they knew this was the regular. nine hundred seventy one america was bang. because of the vietnam war and they cannot honor their debts which were tied to gold so they severed the connection to go and said look from now on they defaulted america defaulted in one nine hundred seventy one on it
bank creates benefits the early recipients of the money the government and the banking sector at the expense of the late recipients of the money and wage earners and the poor so since the invention of these currencies and the central banking system post nine hundred seventy one the banking sector went from four percent of g.d.p. to over ten percent. that is absolutely correct the income inequality is exacerbated by the social bunks who print money without any connection to any underlying...
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Feb 12, 2014
02/14
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the rate of unemployment in the u.k. at just 0.1% from the banks% threshold to consider an interest rate rise. jonathan ferro has more. months of the first phase of forward guidance from the bank of england, it's pretty much dead. they tied it to an unemployment rate of 7% but they did not see it falling to that level by 2016 and today they find themselves not 0.1% away. they will have to refine the forecast and tweak forward guidance to explain what they will be doing next. anotherl target threshold because this is clearly not the way to do it. correctly will bring you live coverage of the bank of england inflation report at 10:30 a.m. >> more on the inflation report. our next guest will weigh in on what the central bank will tell us later on today. stay with us. ♪ >> time for today's company and news. toyota recalling nearly 2 million prius vehicles worldwide. half of the cars affected are in alln and it applies to third generation vehicles. there have been no accidents or injuries related to the recall. in nearly 500 million euros investment. de
the rate of unemployment in the u.k. at just 0.1% from the banks% threshold to consider an interest rate rise. jonathan ferro has more. months of the first phase of forward guidance from the bank of england, it's pretty much dead. they tied it to an unemployment rate of 7% but they did not see it falling to that level by 2016 and today they find themselves not 0.1% away. they will have to refine the forecast and tweak forward guidance to explain what they will be doing next. anotherl target...
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Feb 19, 2014
02/14
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ahead of the latest unemployment data and minutes from the bank of england. vefore all that, let's you a few more reasons to stay with bloomberg this morning. we have some big interviews coming to you. we will be speaking to the ceo of the fourth-largest brewer, joergen rasmussen. >> the peugeot executive joins bloomberg, his first interview of the day. --let's look servo into let's look further into the numbers from peugeot. they're beating analyst estimates manus cranny joins us now with more. >> this is quite a bit better. the loss, 177 million euro and the market estimate was for 247 million euros. it looks like they have beaten on the self-made target. target was to reduce the cash burn by 50%. crash,uld generate hallelujah. in the latest they said they would do that is by the end of 2016. they are in joint venturer talks. peugeot a big part of and this is where the state got involved in with 7 billion euros. they're putting a joint venture together which they say could intentionally generate more cash nearly 1.8erley-- billion euros. they have a new part
ahead of the latest unemployment data and minutes from the bank of england. vefore all that, let's you a few more reasons to stay with bloomberg this morning. we have some big interviews coming to you. we will be speaking to the ceo of the fourth-largest brewer, joergen rasmussen. >> the peugeot executive joins bloomberg, his first interview of the day. --let's look servo into let's look further into the numbers from peugeot. they're beating analyst estimates manus cranny joins us now...
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Feb 6, 2014
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of credit suisse. >> the swiss bank missed estimates. nus cranny asked brady do you goon about the subject. >> in general, in 2013, we think we made good progress working through a number of our issues. litigation provisions today included the mortgage side where there are a number of issues and also specifically this cross border issue on the f.e.c.. it has been a long-running issue, something that we have been working hard on. there are two aspects. as you say the reserves that were taken today against the f.e.c. element of it, the securities and licensing issues on the cross border issue emphasize the fact that we are making some progress to that portion of the issue. on the investment bank side, obviously the greater provision comes into -- for the mortgage bank, is this the top in terms of provisioning or do you say look, manus, i can't give you a top figure yet. >> i think we have made great progress on that front. we got a number of issues resolved. we a number of issues outstanding like the f.h.a. issue. we have made good progress
of credit suisse. >> the swiss bank missed estimates. nus cranny asked brady do you goon about the subject. >> in general, in 2013, we think we made good progress working through a number of our issues. litigation provisions today included the mortgage side where there are a number of issues and also specifically this cross border issue on the f.e.c.. it has been a long-running issue, something that we have been working hard on. there are two aspects. as you say the reserves that...
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of all out war. i think corporations. and banks. all the money and i've actually picked for a politician in the last. ten. years just to. welcome back to the kaiser report imax keyser time now to turn to simon rose of save our saviour's dot co dot u.k. simon welcome back to the kaiser's our humanity now i learned that you're also crypto currency mogul you have not only doe's you also have max cohen is a true well i have to have mexico and you know as much going that made me find my toe in the water two years of you telling me i should get involved in this not understanding any of it but yes in a week of going from doing nothing to knowing a little bit more than nothing in the first of our guest actually on max going right now we have a five year anniversary very five year anniversary since the bank of england cut the base rate to a three hundred year low of whatever percent so tell us about the mckinsey report into how much these low rates of actually harm british populace because there's this general perception that somehow low inte
of all out war. i think corporations. and banks. all the money and i've actually picked for a politician in the last. ten. years just to. welcome back to the kaiser report imax keyser time now to turn to simon rose of save our saviour's dot co dot u.k. simon welcome back to the kaiser's our humanity now i learned that you're also crypto currency mogul you have not only doe's you also have max cohen is a true well i have to have mexico and you know as much going that made me find my toe in the...
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Feb 1, 2014
02/14
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the leader of india's central bank complained about a lack of global policy coordination. and the international monetary fund issued a call to arms, asking central banks for vigilance over liquidity. there could be more moves next week as the leaders of boca raton the european central bank and the bank of england huddle on the heels of lower inflation data in europe and central banks in less developed countries, australia, poland, the czech republic, and romania will also be meeting. to some like bank of america's david wu this was bound to happen once the u.s. federal reserve decided to pare back or taper its economic stimulus. with fewer dollars available the ones that are out there will cost more. >> volatility across all markets was near historical low. people thought tapering was going to be a non-event. i think that was where the market was extremely complacent. because if qe plays such a big role i think the market is simply underestimating what it means when the liquidity's finally being withdrawn. >> stabilization could come from better economic data which has been
the leader of india's central bank complained about a lack of global policy coordination. and the international monetary fund issued a call to arms, asking central banks for vigilance over liquidity. there could be more moves next week as the leaders of boca raton the european central bank and the bank of england huddle on the heels of lower inflation data in europe and central banks in less developed countries, australia, poland, the czech republic, and romania will also be meeting. to some...
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Feb 24, 2014
02/14
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KCSM
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the central bank of groceries but to toughen the conditions of salary compensation of employees of russian banks for the first of october this year the analyst reports. top managers of financial institutions as those employees responsible for risk management and internal audit will be affected by these lectures in the case of reported lost its top managers may lose up to put percent of their bonuses south korean company samsung is planning to expand the number of its retail stores in europe and north america. the wall street journal reports. the company became one of the largest producers of smart those iq has practically without the presence of its own retail stores. however now with an ever increasing number of competitors. samson is expanding its presence on two key markets of europe and north america. the best profession in the us turned out to be the one of software developers. as reported in the us leaves. second and third places or the professions of a computer systems analyst and dentists the list of the most prospective jobs included paramedics from apologists therapists and nurse
the central bank of groceries but to toughen the conditions of salary compensation of employees of russian banks for the first of october this year the analyst reports. top managers of financial institutions as those employees responsible for risk management and internal audit will be affected by these lectures in the case of reported lost its top managers may lose up to put percent of their bonuses south korean company samsung is planning to expand the number of its retail stores in europe and...
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Feb 27, 2014
02/14
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CSPAN2
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dollars of that clients assets as net new assets. the bankalso made decisions on where in its books to credit that net new assets in the various regional areas of the private bank. reticular leap between two regional areas, switzerland and the americas region. recently you have told the subcommittee that credit suisse has initiated an internal investigation into its net new asset process and this is a russ is which i hope will be object that to produce eckerd financial figures to the public and financers. is a crack first of all that the bank is looking into the possible influence of businesspeople on that net new asset process? >> that is correct mr. chairman as we have informed your staff. we are looking into 2011 and 2012 and it will take a few weeks or months and we will report back to the staff very at. >> is the investigation reviewing the net new asset? is that investigation something which stems from client asset or is it rocket than that? >> it will be broader. i think we want to look at the whole area that i mentioned before. >> you
dollars of that clients assets as net new assets. the bankalso made decisions on where in its books to credit that net new assets in the various regional areas of the private bank. reticular leap between two regional areas, switzerland and the americas region. recently you have told the subcommittee that credit suisse has initiated an internal investigation into its net new asset process and this is a russ is which i hope will be object that to produce eckerd financial figures to the public and...
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Feb 21, 2014
02/14
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CNBC
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there are earnings out of hong kong and along with hang seng bank. ewscope reports from australia. and singapore sgx introduces circuit breaks. >>> another big deal, we've been looking at facebook's blockbuster buyout of messaging service whatsapp. julia boorstin takes a closer look. >> facebook's $16 billion acquisition of whatsapp shines a spotlight on social networks. some other start ups could be up for grabs. snapchat grew offered from facebook and google. the messaging app in december raised another $50 million. we'll have to see if it's $ 400 million daily acquisitions picks up more interest. many of the social apps are based in asia. a chinese microbloging platform last year drew investment from alibaba of $586 million at an estimated value north of $3 billion. and parent company cena is traded on the nasdaq with a 4.8 billion market cap. more than 340 million registered users. offering text messaging, voice calls, photo sharing and games. it's free but its charges for the likes of stickers, which users can add by chat. it's developed by neigh
there are earnings out of hong kong and along with hang seng bank. ewscope reports from australia. and singapore sgx introduces circuit breaks. >>> another big deal, we've been looking at facebook's blockbuster buyout of messaging service whatsapp. julia boorstin takes a closer look. >> facebook's $16 billion acquisition of whatsapp shines a spotlight on social networks. some other start ups could be up for grabs. snapchat grew offered from facebook and google. the messaging app...
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Feb 21, 2014
02/14
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BLOOMBERG
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rbs is planning to withdraw from any of their investment banking activities. ey could cut 25% of the 120,000 strong staff. the spokeswoman declined to comment on this but potentially huge deep cuts could be overseen by the ceo. this is not a big surprise. perhaps the numbers will dominate the headlines. just listen to ross speaking over the last couple of weeks. >> can i just tell you, my aspiration is not to run the world's largest bank. it is not my aspiration. my aspiration is to run the best bank in the u k -- in the u.k. >> he is not exactly flagging a hiring spree. we were not expecting a big expansion. >> rbs is the latest lender to scale back on investment banking. how big of a trend is this for the industry? >> i think barclays showed us to some extent they are cutting back. ubss banks, particularly are retreating back to their core business. this bank particular, is government owned. it is focused on being a bank, corporate customers business lending. where does this news leave the biggest stakeholder, the government? >> the politics of this is absolu
rbs is planning to withdraw from any of their investment banking activities. ey could cut 25% of the 120,000 strong staff. the spokeswoman declined to comment on this but potentially huge deep cuts could be overseen by the ceo. this is not a big surprise. perhaps the numbers will dominate the headlines. just listen to ross speaking over the last couple of weeks. >> can i just tell you, my aspiration is not to run the world's largest bank. it is not my aspiration. my aspiration is to run...
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itself to death and now finally i want to say that you case os born says banking weakness at heart of productivity problem so george osborne. you know did not blame workers in this he's there's been a decline in productivity but he blames the banking sector he doesn't blame his own housing scheme and he says chancellor george osborne said on tuesday that britain's low productivity growth was disappointing and put most of the blame on the slowness of recovery in bank lending after the two thousand and eight financial crisis and he says they need to expand lending to small medium sized enterprises but the incentives and the are not there for that right so george osborne made a rare factual statement based on reality but his solution is in complete and well the question goes tell you the problem with that is that the crying because if you have a small medium sized enterprises you have to hire people in the tell you labor is bad people working is bad you have to have them speculating instead. very good. we must go thank you good bye king joffrey. all right states of the cycle have a lot m
itself to death and now finally i want to say that you case os born says banking weakness at heart of productivity problem so george osborne. you know did not blame workers in this he's there's been a decline in productivity but he blames the banking sector he doesn't blame his own housing scheme and he says chancellor george osborne said on tuesday that britain's low productivity growth was disappointing and put most of the blame on the slowness of recovery in bank lending after the two...
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of those three that you mentioned gaining any traction at all as a tobin tax the increase of reserves for banks and the third one what's right the two separate the glass the separate the casino back from the savings. are any of those reforms getting any traction at all well said he not with the merest farzana in fact he has lobbied the european commission on three occasions the first one is on air quality which is fair enough but the other two times have both been on the hof of the financial sector and once was against the typing tax he cannot see why that's that's so important to britain so no i would say no these ideas is getting traction actual ok let's broaden our discussion a little bit because all of these problems that you mention are field by cheap money. artificially low interest rates some would argue the zero interest rate policies and in this country have got the monetary policy committee bank of england mark carney over there it's bank of england and they are they the vortex of the cheap money would it make sense for the green party to say look we want representation on the mount t
of those three that you mentioned gaining any traction at all as a tobin tax the increase of reserves for banks and the third one what's right the two separate the glass the separate the casino back from the savings. are any of those reforms getting any traction at all well said he not with the merest farzana in fact he has lobbied the european commission on three occasions the first one is on air quality which is fair enough but the other two times have both been on the hof of the financial...