. >> translator: the banking union is key in the european project. this is fundamental. a single supervisor, a single mechanism looking for the recapitalization of banks. this is key. >> so what we're looking at right now is that we're very unlikely to see direct recapitalization from the esm, the bailout funds, and seeing some kind of joint backup for a pan european deposit facility right now looks way off in the future, as well. at the moment, if you'vin' issue, it will be dealt with on a national basis and i think that is what we're looking at right now. the question is, how long is it going to take to get further clarity? >> and we don't know the answer. juls, thanks very much, indeed, on that. friend chess ka, is cyprus being used as a guinea pig here? >> well, i'm not sure about that. i think that the cyprus is being -- you know, there are a number of reasons why maybe in the mind of german policymakers in particular, cyprus has been picked up as the case and why it could provide the -- but in one of these it could be to send a message to europ

final award will be pretend by the executive vice president of group lead social responsibility union bank.. >> well good morning everyone it's great to be here to see all of you and hear some of these ininspiringing stories from yawn and david and certainly listening to the moving transcribe beauty begin by row chyle and i the privilege of introducing two extraordinary individuals and it's my privilege to be here representing union bank also in support of san francisco general hospital what i think many of you don't know is many of my early roots were in the hospital as well. my mother was a licensed vocational nurse and she became a nurse by a program that was instituted by a hospital in languages martin king hospital in los angeles and it was economically transformationle for my family and one of the reasons that i'm here today and so it's good to be here joining the san francisco general hospital foundation and honoring all of these people and at union bank we think these partnership and is are centrally building the blocks that build our community we have sente foundation do that demo

what we are doing now is building a banking union. that is we have already agreed on mechanisms because we need a strong european supervision of banks because our banking is not only one member state but we need a european mechanism and a european supervision. we will implement a supervisory mechanism in the coming weeks since its already been decided. we have regulation on deposit insurance. we have european regulation and it is not yet decided but it's drafted and it's on the way. therefore we are working we are looking in the direction of the european banking union as well to split the risk of sovereign debts and the banking system as well. in europe as well and therefore i think we are generally on the way. there remains a problem and we discussed it yesterday evening and this morning again and again. growth in europe is actually not very convincing. if you suffer such -- you need some time to overcome this crisis. if you promise to deliver immediate growth that is why we decided not to do it. therefore we need time to forecast the

they're going to talk about the banking union and perhaps its trade between the eu and the u.s. the big question mark is what good is it going to do to germany? they've made that position very clear. last month, they preannounced their budget, added additional austerity and said they were going to balance the books a year early. so perhaps any discussion of slowing the pace of fiscal consolidation in germany is likely to fall on deaf ears, i have to say. and that message is not different. perhaps you could contrast what we've going to have in the discussion today relative to what we've seen in the last two years. this time, of course, it's not being done at a time of market volatili volatility. perhaps, at least we aren't going to turn around at the end of this and have comments or anger from the european officials that they're being told what to do by a country quite frankly that's going to look towards their own fiscal and debt positions at home. ultimately, what are we expecting? a benign statement later on. yes, i think one thing that they can both agree on is this idea of n

and, therefore, we are working step by step in the direction of a european banking union as well to split separate the risk of sovereign debt and the banking system as well. and then we have improved all the regulation for the financial sector in europe as well and, therefore, i think we are on a, we are generally on a good way. we have, but it remains a erday evening dhe thisdye morning again and again. growth in europe is actually not very convincing. but if you suffer that crisis we did five years, you need some time to overcome the crisis. if you promise to deliver immediately growth, you will only create the next bubble. we decided not to do. therefore, we need time to, the forecast is we will get the turn around in 2014. i'm sure we will. every economic figures are saying that we will. get this turned around in the regaining growth for the eurozone as a whole in 2014. but i would like to add what i have said this morning in our g20 meeting. no one should expect that europe will deliver high growth rates in the coming years. if you look at the real situation, if you look at demograph

first, find a participating bank or credit union. 211 or call one of our partner banks or credit unions and ask about the bank on s.f. account. both -- most bridges will have a sign in their window. second, ask about opening an account through bank on s.f.. a financial partner will guide you through this process and connect you with the account that is best for you. third, bring some form of identification. the california id, for an id, or your passport is fine. >> now you have open your account. simple? that is exactly why it was designed. you can access your account online, set up direct deposit, and make transfers. it is a real bank account. >> it is very exciting. we see people opening up second accounts. a lot of these people never had account before. people who have problems with bank accounts, people without two ids, no minimum deposit. we are excited to have these people. >> it has been a great partnership with bank on s.f. because we are able to offer checking, savings, minimarkets, certificates, and loans to people who migh

we have european regulation, just not yet decided, and therefore step by step in the european banking unionas well to split, separate the risk of sovereign debt and the banking system as well. we have improved all the relations, financial sector in europe as well, and therefore, i think, we are -- we are generally on a good way. it remains possible, discussed it yesterday evening and this morning again and again. growth in europe is actually not as convincing, but if you suffer, we did -- unique sometime to overcome the crisis. if you promise to deliver immediately, you can only create the next bubble which we decided not to do. therefore, we need time to forecast. the permission is that we will get the turn around in 2014. as you know, every economic figures are things that we build, gets its turn around, and in regaining on their own in 2014, but i'd like to say what we said this morning. no one should expect that europe will deliver high growth rates in the coming years. if you look at the real situation, if you look the democracy, if you look the the standard of living within those syst

fidelity investments -- turn here. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news." "bbc world news america "reporting from washington. the white house says yesterday's bombing does not seem to be part of a broader plot. >> this was a heinous and cowardly act. given what we now know about what took place, the fbi is investigating it as an act of terrorism. >> but who did this and why is still a mystery. authorities are asking the public to hand in any photos or video recordings. amid tight security, london prepares for the funeral of margaret thatcher. but first, there is still one last stop at westminster. welcome to our viewers on public television in america and around the globe. we will go to the end of the earth to identify those responsible for this despicable crime. that was the promise today from the fbi agent in charge of the b

and easy can't do that because they really don't have a banking union and they don't even have a banking supervisor in the us but just check if you had money in a bank for night it's late he had money to back tonight in slovenia would you be worried about it would you be worried about the fact that what we've seen happening over the last month or so in cyprus could be happening to banks that some point pretty soon or i wouldn't consider i'd be starting preparations and you can bet people in italy still mania certainly portugal strang maybe even hungary are thinking about that and that's not to say that even some of the french banks are going trouble credit agricole and so for barclays in england certainly investors with any kind of sense rather europe are thinking about where can i pull my money out just let's slow down economies tom truly against this any lessons to be learned from iceland people said they they wouldn't go with it they didn't give in to pressure can we learn any lessons. yeah the less public banking system and to shield the credit markets the consumer credit markets fro

giving all profits to charity and pursuing the common good for over 30 years, fidelity investments, union bank, and unitedhealthcare. >> music is a universal language, but when i was in an accident, i was worried the health care system spoke a language all its own. with united healthcare, i got health that fit my life -- information on my phone, connection to doctors who get where i'm from, and tools to estimate what my care might cost. so i never miss a beat. >> we're more than 78,000 people looking out for more than 70 million americans. that is health in numbers. united healthcare. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now "bbc world news." "america." newsis is "bbc world america. reporting from washington. in damascus. president obama, the claims of chemical welcomes use. chemical weapons use. and the president says it is worth taking another look at cl

giving all profits to charity and pursuing the common good for over 30 years, fidelity investments, union bank, and unitedhealthcare. >> music is a universal language, but when i was in an accident, i was worried the health care system spoke a language all its own. with united healthcare, i got health that fit my life -- information on my phone, connection to doctors who get where i'm from, and tools to estimate what my care might cost. so i never miss a beat. >> we're more than 78,000 people looking out for more than 70 million americans. that is health in numbers. united healthcare. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now "bbc world news." "america." newsis is "bbc world america. reporting from washington. in damascus. president obama, the claims of chemical welcomes use. chemical weapons use. and the president says it is worth taking another look at cl

fidelity investments -- turn here. >> at union bank, our relationship managers work hard to know your business. offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news." >> this is "bbc world news america." charges of chemical weapons used in syria. president obama warrants if confirmed, there will be consequences. >> for the syrian government to utilize chemical weapons on its people, it crosses a line that will change my calculus in how the united states approaches these issues. >> simmering tensions come to a boil in one chinese province. after an outbreak of violence, more than 20 are dead. waging war on stink bugs. these tiny pests can cause big trouble. scientists are going high-tech to stop them in their tracks. welcome to our viewers on public television in america and around the globe. if confirmed syria has used chemical weapons against its own people, president obama says that will be a game changer. he reiter

fidelity investments -- turn here. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news." >> this is bbc world news america that. reporting from washington, i'm kathy kaye. explosions rocked the boston marathon. police say two people have been killed and more than 20 injured. runners and spectators are caught up in the twin last. witnesses are speaking of a lot of people down. and a third bomb went off close to the jfk library, also in boston. welcome to our viewers on public television in america and elsewhere around the globe. there have been multiple explosions at the annual boston marathon here in the u.s.. the blast happened at the finish line. authorities have confirmed that two people are dead and two dozen injured. coveragewe have full and we start with this report from the bbc north america entered. >> one had just crossed the finish

unions. how do they differ from banks? how likely is it that you can get a loan from one, and how do you know where to even find one? basically we're going to explore whether going to a credit union is a good 0 option for your company. paul is executive vice president at the credit union national association, a national trade association for both state and federally chartered credit unions located in the united states. good to see you. >> great to be here. >> we hear so much about banks and over the last many years we've heard how hard it is to get a loan from a bank. how do you make the decision whether to go to a bank or a credit union? >> it has been hard to get a loan from the bank. during the recessionary period banks tighten down their lending. credit unions on the other hand continue to lend during a recessionary time. our lending up 12% from 2007 to 2012. we're there for our membership. as a credit union member you're an owner of that institution. unlike banks we don't have shareholders to please, we don't have to d

that by june there will be the next summit and that will be able to make some kind of progress on banking unionhat clearly is very important. i realize that cypress was a special case here and there were particular problems with a lack of capital in the banking sector and very high nonperforming loans in relation to bank capital. there were perhaps some special reasons for cypress. the concern really is that policy is being created on what seems to be a rather ad hoc kind of basis and that creates uncertainty here. i can see where europe was coming from with respect to cypress but it has been taking large risks and it becomes urgent to get the banking union now running in a smooth way. >> soros says eurozone governments guaranteeing each other's debt was the only way to restart growth and he further blamed austerity measures. >> germany is imposing the wrong policies on the eurozone. austerity doesn't work. you can't shrink the debt burden by shrinking the budget deficit. >> he was giving this speech in frankfurt. this is a german audience. essentially saying you either have to approve euro bon

. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now "bbc world news." watching "gmt," on bbc world news. our top story, the dutch have a new mark. signs away the position that she has held for 33 years. william alexander becomes the first king for more than 100 years. amsterdam her a huge party has already begun. thousands of people have gathered in the city to celebrate the transfer of public power from one mark to another. >> to close for comfort, the syrian government forces operating on the border with lebanon. >> there are concerns that the conflict in syria is increasingly spilling over into lebanon itself. >> living with the past, amanda knox was acquitted of murder in italy, but for some people that is not enough. >> i would like the truth comes out. >> aaron is here with the business news as usual. the trouble in spain keeps going on? >> an economy that j

. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news." >> hello. you're watching gmt on bbc world news. don george alagiah. our top stories. venezuela oppose the election was much closer than anyone predicted. his master's voice. nicolas maduro was the heir to hugo chavez, so why did so many votes for the opposition? john kerry says north korea must engage in real talks. we speak to the u.s. secretary of state. >> ♪ latestth africa's spectator sport left and interpret -- left our interpreter in a spin. .> he has promised to be gentle >> aaron has the latest on business. and in order from the french president to his ministers -- show me your money. >> he tell the socialist party to tell us about your property, cars, antiques, and bank accounts. he lied about his secret bank account in switzerland. >> it's midday in london, 7:00 a.m. in washington, 6

. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news." "bbc world news america "reporting from washington. the white house says yesterday's bombing does not seem to be part of a broader plot. >> this was a heinous and cowardly act. given what we now know about what took place, the fbi is investigating it as an act of terrorism. >> but who did this and why is still a mystery. authorities are asking the public to hand in any photos or video recordings. amid tight security, london prepares for the funeral of margaret thatcher. but first, there is still one last stop at westminster. welcome to our viewers on public television in america and around the globe. we will go to the end of the earth to identify those responsible for this despicable crime. that was the promise today from the fbi agent in charge of the boston bombings. but a day later, we still

we just had the cable car pull up here in front of union bank. s california and sampson street. we are celebrating here today. the 135th anniversary of the california street cable car line. it opened back in 1878, april 10th. this is union bank headquarters. a whole bunch of bank employees out here celebrating. that up there on the cable car, that gentleman is the executive vice president for union bank. the reason he's ringing the bell so furiously. for every ring, $5 will be donated to the cable car museum here in san francisco. he's really going to down there -- to town there. a short while i talked with them -- a short while ago, i talked with them about the significance. >> the reason it's significant, our building has been part of san francisco's history. the structure of this building was part of the renaissance immediately after the earthquake and it was really the focal point by which union banks started to inject money back into the economy and helping many small business owners rebuild what is now the downtown finance at district of san

we just had the cable car pull up here in front of union bank. lifornia and sampson street. we are celebrating here today. the 135th anniversary of the california street cable car line. it opened back in 1878, april 10th. this is union bank headquarters. a whole bunch of bank employees out here celebrating. that up there on the cable car, that gentleman is the executive vice president for union bank. the reason he's ringing the bell so furiously. for every ring, $5 will be donated to the cable car museum here in san francisco. he's really going to down there -- to town there. a short while i talked with them -- a short while ago, i talked with them about the significance. >> the reason it's significant, our building has been part of san francisco's history. the structure of this building was part of the renaissance immediately after the earthquake and it was really the focal point by which union banks started to inject money back into the economy and helping many small business owners rebuild what is now the downtown finance at district of san fra

so, where does all this leave us with, with respect to the banking union?ally implicit in this, in this outlook is the current implementation structure of the banking union which means supervision and resolution agreed by mid next year but certainly ongoing stresses, ongoing credit crunchs. but then, i mean this being me, i do believe that there is actually, once as usual i should say, a chance to rescue a success from the failure because what you do have, and as i said, this is, i think a 30% chance, is actually an opportunity for a grand bargain so that the germ nance -- germans, now imposed bail-ins on bank depositers everywhere in the euro area are actually forced to therefore as a quid pro quo accept a joint deposit insurance fund for the euro area. the ecb begins more aggressively to "bias" set backed securities of loans, securitized loans from smes. and that eases the credit crunch. you have an abatement of the fragmentation. confidence is restored and as you can see here, i think we have some upside on the growth. there is adown-size --side as well

let's play devil's advocate, because what we need more than anything right now is, for example, a banking union. all of these measures which are only spurred into action when we actually see a market sell-off or markets pushing them, there's the factor means we're not seeing that means we're not going to get knit progress. >> the banking union idea came up last june when it looks like greece might rock out of the euro within weeks. and then we needed a matter to immediately reassure depositors in spain and italy that the money is safe. now we don't need to assure them with the banking order because thanks to the ecb, everything will be done to keep that order. >> it's now been showing that their money at least in banks is nonsafe. if nothing else, the cyprus issue made this part of it clear. >> well, what we see in markets is that there is not even the trace of panic. cyprus has set a bad precedent, yes. it may come to haunt us. it isn't haunting us at the moment. >> how may it come to haunt us? >> well, if for some reason italy were to sour politically, which i don't think it will, but it is t

there is no banking union. so, france in theory would have to back it. banks are way overleveraged. liz: tell us why american investors should care if they don't own french banks? >> american investors should care because europe is a big part of the world. and french banks are a monster. in terms of their footprint on the world, much bigger than u.s. banks. liz: people have done studies when we were concerned about the eurozone showing u.s. banks have systemic exposure to french banks. >> well they do, and but the world trade has systemic exposure because the french banks do a lot of the, you know, you buy it here, you sell it there. the money soes up. liz: you're saying they're bigger than u.s. banks? >> oh, yeah, impact on world trade. liz: in terms of impact, okay. >> not the necessarily assets, assets, soc-gen, those are really large banks but relative to their country size they're even larger. they can't be saved. liz: since france narrowly averted recession you're telling me that the imf and world bank, everybody involved, the european union will no

>> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now "bbc world news." "america." newsis is "bbc world america. reporting from washington. in damascus. president obama, the claims of chemical welcomes use. chemical weapons use. and the president says it is worth taking another look at closing guantÁnamo down. and could it be the future of money? , we will take a look at a virtual currency, the gbit -- the bitcoin. welcome to our viewers on public television in america and elsewhere around the globe. for a second day, bombings have brought a civil war to the heart of the capital. an explosion in damascus has claimed the lives of at least 14 people. within 17 were injured in the blast, and here in washington, it is the use of chemical weapons that is gaining attention. in a news conference today, president barack obama warned that it confirms" assad government is usi

. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news." >> this is bbc world news america that. reporting from washington, i'm kathy kaye. explosions rocked the boston marathon. police say two people have been killed and more than 20 injured. runners and spectators are caught up in the twin last. witnesses are speaking of a lot of people down. and a third bomb went off close to the jfk library, also in boston. welcome to our viewers on public television in america and elsewhere around the globe. there have been multiple explosions at the annual boston marathon here in the u.s.. the blast happened at the finish line. authorities have confirmed that two people are dead and two dozen injured. coveragewe have full and we start with this report from the bbc north america entered. >> one had just crossed the finish line, a normal, happy holiday. then an e

. >> at union bank, our relationship managers work hard to know your business. offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? and now bbc world news america. world newsbbc america. reportingrong am katty kay. they hav endured. residents of boston have been warned not to go outside as police search for the suspect in the boston marathon bombing. the father of the boys defenses son -- his sons. >> only god almighty knows what really happens. >> we still do not know what motivated the attack. did the brothers of the lawn or is it part of a wider terror -- did the brothers act on their own, or is it part of a wider terror plot? we talk to the man in charge of homeland security during 9/11. on public our viewers television in america and a around the globe. the city of boston is nervous tonight. authorities have urged residents to stay indoors as they hunt the 19-year-old boy suspected in bombing.n marathon fled after his

union bank. and fidelity investments. >> your personal economy is made matter e things that most including your career. fidelity hings change can help you readjust your retirement plan. you are invested and refocus as your career manufactures forward. a rever you are today, fidelity i.r.a. has a wide range can vestment choices that fit your perform economy. fidelity investments. turn here. >> bbc world news was presented >>> bombs have ripped through the crowd at the boston marathon. at least three people were killed in what's being described as an act of terror. >>> and migrant workers in china are carrying another burden on top of long working hours and difficult conditions. many have to leave their children back home.

people start small through the credit union and then want to go to the bank. we know we are limited. we cannot afford to give out a big loan. starting from the credit union, we educate them about filing taxes properly and then moving on to the bank, a small one, expansion, and we work with the bank. the bank and credit union are similar. we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see consistent income coming in. so far, a credit union delinquent rate is quite low because we are working with a client. we want to keep that low and as part of our mission. there is no application fee. if you are interested in an application or information, i have brochures, or you can give us a call. >> thank you. next is marked with wells fargo. >> hello, i work for wells fargo bank. i cover the northern california regio

people start small through the credit union and then want to go to the bank. we know we are limited. we cannot afford to give out a big loan. starting from the credit union, we educate them about filing taxes properly and then moving on to the bank, a small one, expansion, and we work with the bank. the bank and credit union are similar. we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while.

. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now "bbc world news >> this is abc world news america "bbc world news -- this is-- tguis "bbc world news america." anger and outrage in bangladesh a week after a building collapsed killing hundreds. the fight is on to help those who were injured. occupied by is injured survivors, and it is the same story next door and in every other ward in this hospital for seven floors but need me. -- panisse me. -- pisse beneath me. >> handwriting could be the key to getting that job or not. welcome to our viewers on public television in america and also around the globe. prime minister has reportedly escaped an assassination attempt in the capital, damascus. a car bomb exploded as his convoy was driving through a government-controlled area. the attack happened as the un secretary-general ban ki-moon urged the assad government to

you know, there was a lot of talk -- and we haven't heard it recently -- about a banking union to trysupport, to try to unify banks, to enable this amount of support. and that's kind of been sidelined. so we can see some potentially more term in terms of italy, slovenia, in terms of what they'll do to try to make people trust the banks again, and this could provide -- as we have seen a headwind to u.s. marks and provide the volatility, and the buying opportunities within that. >> yeah, gemma, forgive me. i have to let you run. i have breaking news have to get to. we'll see you again soon foresure. >> thank you very much. >> all right. gemma godfrey for us. let's get to the l.a. bureau. julia has breaking news. julia? >> that's right. scott, jay leno has announced his departure from nbc's "tonight show." he'll be stepping down in february 2014. as expected, he will be replaced by jimmy fallon. i'm told that this handoff is going to happen in february 2014, because that's when the olympics is happening, and that's when nbc thinks that they'll have the best chance of really giving a big

closed down and the national currency plummeted the walled bank european union and the international monetary fund also known as the troika demanded that iceland be up at the time it meant every citizen would have to pay one hundred euros per month for the next fifteen years to cover the debt of private bankers nationwide protests erupted sounds familiar except unlike in cyprus greece portugal and others these protests made iceland's president reject the troika's demands and the trio went while threatening isolation and sanctions even raising comparisons with cuba but rekick stood its ground at a nationwide referendum and around ninety percent voted not to be the debt in fact they went even further starting criminal investigations into why so much money was old even jailed some of the country's top bankers and while they were added ordinary citizens of rewrote the constitution which now obliges the government to keep all work in the public eye unless it's a matter of national security of course nothing more earlier i spoke to a professor of political science and