the financial crisis, we took enormous steps forward, whether it is about banking, union, or europeanechanisms, deposit guarantees, etc. now we are trying to all caps holiday this current system, some integration moves forward regardless of all of the compositions of government. francine: will begin thinking union? alexander: at the end of the day, we will get a banking union. the solution will be found, but institutional change when you are not in a crisis is a little bit difficult, but when you look at the euro crisis as such, i think it was quite spectacular that we were able to find solutions. we created this rescue package, eitightened controls, the came up with a yield curve plan and pushed itb forward. the system, at the end of the day, works. and there is one more thing i want to add. people fail to see that when the presidentsters and comes together, it is a collective session. you tap your friend on the shoulder and say, let's try to find a solution for you as well. usually a solution found, but it does not hurt to have a leader there, and that is what i think some of us pro

does the market care if we get banking union finished and deeper european integration?n minister finance? stephen: i think it would make a great deal of distance -- deal of difference. traveled worried to change radically, that would make a difference. if you think where people are investing at the moment, i'm not -- whether it is going to be european minister finance. greatrection of travel is with europe works slowly. the direction traveled on banking unions is clear, the next thing they need to grapple with and the capital markets. in the medium-term, it would be corporate's. getting agreement on the finishing of the banking union which would include deposit insurance scheme. it takes a long time. 13% if i may euro investor. the currencies of a factor. it this where the pressure stress to manifest itself? -- is this where the pressure starts to manifest itself? stephen: potentially. currency is clearly a factor. one of the things that sits behind is the sense in the long-term, if you take the long-term capital markets, our sense on a parity basis, the dollar is overv

at the moments that he was concentrating on performing as banking union. and its continuing surface you ambitious projects in that area economic and monetary union. annoyed with that full particularly happy that the european union banking or farsi will be located in paris. at close. okay zepa he. despite this rivalry in the lead up to the contest the remaining e. u. member states wanted to avoid. potentially bruising open dispute. following the setback of brexit they keen to present a united front. this taking in the based trading action and chance on wallstreet as to hire this monday with technology banking and retail shares all making modest gains. in the health sector companies that make opiate painkillers dropped after the government released a much higher estimates. of the cost of the ongoing addiction crisi. i the a european chest shrugged off anti losses due to germany's political turmoil. investor confidence about the outlook for the eurozone economy helped alleviate market jitters. has some more of the business headlines for you at this hour. thth

because single rigorous supervision is a precondition for the other pillars of the banking union that receiver the bank sovereign links indeed, looking at the largest banks for which we have data available, the correlation between bank credit default swaps and those of sovereigns is now considerably weaker than at the height of the rises. still, there's no room for complacency since these improvements are likely to have been driven in part by the improved economic situation. it is therefore crucial that further reforms he to delink banks from sovereigns do not lose steam notably completing the other pillars of the banking union all these supervisory efforts have not only produced a more robust banking sector, they've also provided crucial support for our monetary policy. since we entered a new easing phase in may 2014. this support has come from two main sources first, stronger supervision has improved the transmission of our policy policy im pulses through banks it is therefore no surprise that the improved health of the banking sector coupled with our credit easy measures has coinci

the third leg of a banking union.gulations, as far ,s integration is concerned moving forward. how it optimism the you have that we will see that? volker: we have a slightly different assessment. we still have very high nonperforming loans, legacy debts which are not dealt with. they have be dealt with before you move that far. the other reason is national governments have influence on the loans. if you think of resolution law, it differs across countries. we need harmonization. otherwise, you have a lot of home loans on the balance sheet of spanish banks. the governments can make it so it is impossible for banks to recoup anything from those loans. then taxpayers of other countries step in. that would be a hazard. that would be instability. matt: what is stopping us from getting that harmonization? volker: national governments want to keep some responsibility and control. that is fine. if they want to keep control they also have to take part in viability. for european deposit insurance, you do not want to let them ou

are we going to see a banking union? k to be contained. -- we are talking about the corporate sector. for me, it's about governments creating a framework which companies can know and understand and mitigate the risk. francine: you worry about the italian election? could it turn uglier than the political impact we see your money? >> i don't worry about elections. at the end of the day, we will see with the election result reduces. sometimes you get results to like another time she don't. that is part of democracy. going back to the comment, i agree the private sector creates wealth. the european investment bank can fill market failures and provide financial instruments that boost the economy, that's what we saw up from 2012 when the european investment bank helped out and leveraged and got growth and jobs. francine: do you worry about extreme parties to the right or left and you worry about populism? >> you always have to do that. there is no question about it. in 2015, the finish election provided a result whereby the tru

the banking union is very well on its way. us a very, very, very short time period to install a harmonized bank supervision. we were very quick in installing a single resolution board. and we do have quite some harmonization with regard to it. it is 100,000 years per client per bank. it is not that we are not harmonized. what we don't have a european weosit insurance scheme, but have national deposit insurance schemes. we don't have the sort of integration we would need to go that step. we need to harmonize economic policies before we go there. in some european member states, it takes half a year to foreclose on a mortgage. for some, it takes more than 10 years. once we have economic integration, we will also have a common insurance scheme. we wouldn't have any harmonization. it is making progress and working rather well. guy: guy johnson in london. good morning. would you have any problems with deutsche bank and commerce bank merging? i never comment on single institutions. that is for the banks to decide themselves, and whoe

the institutions, a sometable banking union, common insurance for unemployment, for the employed ando on. berlin will say no. guy: why? determined tois say no. if you look at the money -- manifesto, the social democrats were supposed to be the most pro-european, they want to give macron the light of day. they want to engage with him. unless the free democratic party. down before the common election. unless and until the french president can approach the german government, which ever german government we end up having with tough love, i will a large part of the french economy because it needs to be overhauled. if you do not come halfway across the road to meet me, with mutualizationral presses i will employ the gold strategy. unless he is prepared to play hardball he will not get anything. macron know that, isn't he using the carrot of phase two in order to achieve phase one for french economic purposes? you have spent enough time with germans are you have the experience of the greek crisis, has given you enough knowledge to see that the german people would never agree to the kind of

with the sort of mainstream desire or assumption that we are moving towards thinking union -- banking union integration in europe? how do you see those two ends playing out? guest: i think they have very little to do with it. development of right or left populist movements has a lot to do with the migration issue and nothing else. economic policy, they do play a minor role. in principle, i would say that they are, like all populist a veryts, not really positive factor for the development of the economy because everything that goes growthl, opportunities. i don't believe that in our region, we have some form of populist movement in all hugeries that they have a impact on economic policy, or at least, i hope they do not have it. matt: what do you think, speaking of impact, about basel three or basel four? it looks like we will get something in a matter of weeks. how is that going to affect your business? guest: it is not going to affect our business at all. we actually do not care whether it will be 70, 72 point five, or 75%. like most banks in our region, we are very highly risk-weighted ass

because single, rigorous supervision is an essential precondition for the other tiers of the banking union. indeed, looking at the largest banks from which we have data available, the correlation between bank credit default swaps and those of sovereigns is now considerably weaker than at the height of the rises. still, there's no room for complacency since these improvements are likely to have been driven in part by the improved economic situation. it is therefore crucial that for the reforms to de-link banks from sovereigns do not lose steam. all these supervisory efforts have not only produced a more robust banking sector. they have also provided crucial support for our monetary policy, since we entered a new easing phase in mid-2014. this support has come from two main sources. first, stronger supervision has improved the transmission of our policy for banks. there's now plenty of evidence to suggest the level of bank capital, the key variable in how during downturns, enhanced also for monetary policy transmission. it's therefore no surprise that the improved health of the banking secto

. >> collecting fees is good businesses for banks and credit unions generating an estimated $33 billion a year. >> that's big money and at least two large banks have been accused of using deceptive practices to get you to sign up. our advice, don't be pressured. >> consumer reports says you're better off declining protection altogether. your transaction might get denied but one study shows you'll save more than $20 a month in checking fees. instead sign up for text or e-mail alerts that flag low balances and link your checking to a savings account which can cover shortfalls either for free or a relatively small fee. >> we recommend signing up for mobile banking apps so you can check your balance. >> that way you'll know before you swipe if you have enough cash to cover the charge. if you're charged the occasional fee call or visit. banks and credit unions will often extend the courtesy to good customers. many times. >> interesting. >> thanks, michael. on to the weather. >> all right. let's take a look at live doppler 7. things are quieting down compared to earlier today when we were get

if you have got eurozone talking about more integration, banking union, common fiscal budget, then you need germany to be in a strong negotiating position with other member countries, one would assume what's the impact across some of these initiatives that macron haschampioning does this all fall by the wayside? >> opinion on germany is divided on whether or not there should be more integration. we know they are quite skeptical. the greens part is quite pro we need somebody who gets to some consensus in the end and negotiates with europe and comes to a deal. merkel was, of course, very good at this. we've been here before in 2015 at the height of the refugee crisis, it looked like a time when merkel would step down or be forced out that would be the biggest risk we now have a credible alternative in europe to lead the continent forward. i think merkel taking a bit of a back seat now would not be quite as bad as it would have been two years ago or five years, six years ago. >> can i ask you, wearing your uk economist, what this means for the future of brexit negotiations clearly in the

we are moving, though i would argue too slowly towards a banking union and capital markets union, but there is still a lot of work to be done on the fiscal union. that is the next stage of the big european project. if we don't have a big, cohesive government in germany, that stalls the next phase of european integration. manus: the politics are fairly clear. there's a vote that needs to take place if she decides to go a certain road, but from the market's perspective, we were trading at 1.17 this morning. the market is fundamentally long of euros. i mean, net long, it's the highest in six years. were you surprised or heartened that the euro remained steadfast on quite shocking news? bob: i think we are stuck in the trading range at the moment. as we get into later december and january, you could see the 1.14 breakdown to 1.12 or against the u.s. dollar, but that is a fairly minor move. the reason it would be more positive on the dollar is obviously, the economic numbers out of the states will continue to improve. i think if we do get a text deal through congress, which i think we will

. >>> finally, an unexpected surprise for people headed to a bank in union square. ♪ >> the singer-songwritern made a special appearance. >> there was a ball pit for customers to enjoy. city bank said it is part of a campaign to make banking fun. >> do you know what else would make banking more fun? >> more money. >> no atm fees. >> from all of us, we a >>> tonight, breaking news on several fronts. what we've just learned about the deadly church shooting in texas. what the gunman did before. and tonight, the stories emerging from inside the church. the suspect shooting into the church, even before he was inside. bullets coming through the walls. families, children on the floor, under the pews. >>> also tonight, the stunning number of missed warning signs. the gunman escaping a mental facility in the past. he threatened military supervisors. he was convicted of domestic violence. tonight, president trump says extreme vetting would not have made a difference. >>> breaking news as we come on the air involving harvey weinstein tonight. what the nypd believes is now coming. >>> also just in, the d

he would like to get to the point the banking union moves on, as well. of the impacts it has. it pushes european integration further down the tracks. perhaps macron is more upset than draghi. can itaybe the two together and commiserate. he will stay with us. there is a lot more to go through this morning. after that bombshell, there is a ton of news in europe. in the u.s., treasuries are set for the best year since 2014 despite the fed moving on rates. we will take a closer look at what is propelling u.s. bonds next. back here in the boot, mario an exclusives for interview at 9:30 a.m. this is bloomberg. ♪ ♪ matt: welcome back to bloomberg markets, this is the european open. i'm matt miller in berlin. let's take a look at how the markets look. we have a drop on the dax here, but only .25%. some companies that depend on are as the source of power doing quite well after the break down of the coalition talks. the ftse is down .4% and there is a lot going on in british politics we have yet to address. madrid is unchanged and the stoxx 600 is unchanged. it is

the post office will be open as will most of the banks and some credit unions and smaller banks definitely call ahead. the new york stock exchange and the nasdaq are open however both of them will end trading early today at 1:00 in the noon. >> police are looking for the thieves who stole more than $9,000 of vodka from a factory in los angeles, california. police believe the three men seen on the surveillance video are responsible. this week thieves sawed off the locks and took 1800 gallons of vodka. that's $280,000 worth. investigators are not sure what the suspects plan to do with the stolen alcohol. more news just ahead on action news. stay with us. >>> now that thanksgiving is done, many families are starting to think about christmas. if you're thinking about getting a live tree, you should do it sooner rather than later. there could be a shortage this year. 10 years ago we were dealing with a recession and many farmers say they didn't make the revenue that they needed to replant all their trees. >> one holiday down, christmas to go, right? >> it is 4:58. we'll be right back. toasting

invest intinuing to union bank of nigeria. think our focus right now is completing the next stage of investment in upn. -- ubn. we really like nigeria right now, we think it is in a better position with the collapse of the oil prices. we think the agricultural sector has grown very nicely. we have just made a second very large investment in ubn. yousef: are you in track to double your fiscal year profits? yes, that's the statement we made and we expect to do that. yousef: other asset sales planned? bob: i can't think of an evening along that line. there were other countries we were interested in become a seven we are in right now, but the focus is completing application. last year, we acquired a second bankin rwanda and a second and sandia, and we went through the integration, and i am leaving here to go to lusaka to be with our team as we complete integration across zambia. yousef: the union bank story, how are you looking to increase the stake there and when? do you have the timing pen down -- pinned down? just celebrated it

also these are the people the same people running over one hundred twenty state community banks and credit unions i could get affordable loans from and they do lending with the bank of north dakota which not only generated nearly one billion in profit over the past few decades but gave nearly half of that back to the state that type of money can go toward things that benefit the public like replacing crumbling infrastructure or finally fixing the fargodome. what's what's wrong with the former good what's wrong with that is it's actually a dumb sports arena and not a museum for fans of the movie fargo. ok i found that out the hard way when i showed up with my very own blood covered what chipper. where did you get the blood not important what. is once i find an apartment there and change my name it will move me closer to financial stability just an apartment i buy a house with this big bank. maybe because homeownership is an overrated right. of passage for over ambitious people who want to learn how to make their own toilet to avoid paying an overpriced plumber who was frankly showing too much ass

central bank here in frankfurt which has a strong supervising or forty's most important banks in the european union in the european area in the euro area and we have aopa which is the supervising off already for the insurance companies and the pension funds for people outside germany of course it might have looked as too much of a concentration of power here in frankfurt if frankfurt had gotten the. banking or thora t. so a lot of oversight located in frankfurt already now what about paris is the french capital a good second best choice can people in frankfurt live with this compromise you know from a frankfurt point of view paris is a much better choice than dublin which was also in the race to go to dublin you have to take a plane but to paris you can go from frankfurt on a high speed train in less than four hours the french capital paris is actually much closer to frankfurt then burlington and you know who knows maybe here in frankfurt we will get soon a little bit more of parisian early garth's because the parisian supervisors will have to come to frankfurt and work closely with the real superp

if you go to a financial institution like a bank or credit union typically the way you get a loan is really on an economic filter. the relationship is from the financial institution perspective that we want to have by x date of a month x dollars to pay. that's kind of it. that's the limit of the relationship. through hebrew free loan, it seems that you are engaging the whole person. whether it is a business loan or other kinds of loan programs, certainly with terry's perspective, there is a certain kind of assistance that you are getting. so it is kind of emotional experience, economic, that really there are different human elements that go into building resilience. i am wondering if you can talk a little bit about what the more holistic approach is about in the sustainability of finances. >> sure. to me, it's essential because as you mentioned, astery described her situation, there were so many more things going on in her life than simply needing an infusion of cash. we see ourselves as somewhere between a family, a social service agency, and a financial institution. we are all of t

said they would like to see some consolidation but this is not happening and it's not easy as the banking unionnot omplete. francine: there's so much speculation over the fate of the german bank and speculation surrounding consolidation is taking hold more and more. do you see 2018 the year where e are going to see more m & a. ? lorenzo: again, it's not easy to consolidate cross board in europe. there are still regulations which make it difficult to exploit cinergies, you know, some kind of or cinergies out of the mergers and it's difficult to look at the retail sector and find cinergies in the retail sectors because the load is different and on the investment banking you may have more cinergies but you'd need the european central bank to really make it possible to move liquidity in the euro zone much more freely, to net the intraeuro zone positions to assess the size of the balance sheet in terms of capital and you know, the surcharge for large banks. still a lot of measures to be taken to make this cross border americanner really viable. francine: if there is a wave of deal making, how would

the final point should be the banking union. ne: why is it that international investors should look at italian banks, specifically your month -- back, five months before the election? >> that is a good point. [laughter] in this meeting with investors, the perception is, especially from usa investors, they are looking at italy as a good opportunity. there is an option for growth. real economy is engrossing -- increasing and gdp is growing. companies are delivering good results. all the fundamentals are going the right way. from a political point of view, do not forget that italian arele are 11% unemployment in very good shape looking at wealth. they want stability. my expectation is with the election and the new -- they will find politicians will find a compromise, giving stability to our country in the future. i am not worried in my expectation is international investors want to invest in good banks or companies in italy. francine: thank you very much for your time, carlo messina. up next, howard marks cautions of stock market di

the banking unit still has a big chunk of work to do. the financing union.lks about how we can recuperate some of the financial sector. that is on draghi's desk when it comes to making sure the signature of the euro is trong. i think he made the right move. francine: john, do you agree with that or could he have been harder? >> no, i don't think he should have been. you look at the data. we have growth going on in europe. above trend growth. more people employed within the eurozone than we have seen on record even though because of a high participation rate, the unemployment rate is actually higher than it otherwise might be. at the same time inflation is missing in action. what is not to like? high growth, lower inflation. that is a great outcome given where the eurozone was a few years ago. bear in mind that for a central banker, more experience dealing with inflation than you have dealing with deflation. so running the risk to inflation picks up is probably a good place to be. francine: there is no deflationary pressures. at a what point does too much sti

he says the eurozone needs a more complete banking union and that overall, the agreement on orderly withdrawalrying to give a little bit of a helping hand to maybe some of the people that were in the u.k. ,f you look at what is going on the cabinet of theresa may will they will see whether increase their divorce bill. let's get back to richard from blackrock. richard, i don't know how you look at this, whether it has more to do with budget and whether that could put pound up or whether you just follow these brexit negotiations? richard: our view on brexit for some time is that a deal can be done. our base case is that it is a hard brexit, but not a disorderly one. the discussion today around potential increase in the financial offer is encouraging. it is a step in the right direction. view has always been that the financial side of the question was the least problematic of the challenges getting in the way of getting a deal done. this step i think is a positive step in the right direction. there are significant further hurdles. the passive u.k. interest rate is going to be by far the most inte

the uk's banks could cope if britain leaves the european union in a "disorderly brexit". r the first time since the financial crisis, all of the uk's biggest lenders have passed the bank's criteria to cope with an economic downturn. the number of new office buildings springing up in london has fallen by nearly 10% in the past six months, according to a study by consultants deloitte. it says political uncertainty has been holding back development. a massive £1.11 billion was spent in online sales in the uk on black friday — up nearly 12% on last year. trade body imrg says online was the winner, with high streets, shopping centres and retail parks doing less well with visitor numbers down 3.6%. if the uk left the eu in a disorderly brexit, our banks are prepared. the bank of england has published the results of its tests to measure how well they would cope. it's the first time since the financial crisis that all uk banks have passed tests — designed to see how well they would manage with varying degrees of a downturn in the economy. bank governor mark carney said the banks w

you can bank at a credit union, not a bank, but you do not get to choose your credit bureau. throughout this region investigation that has been going on since september, a lot of people have asked this question -- i want to opt out of equifax. i will turn them off, but keep trans union and experience, their competitors. you cannot do it. we're not their customers. we are their product. they are gatekeepers. by the way, if you cancel credit creditit may hurt your score. if you don't need credit cards, you can of course cancel them off, but that is your choice. guest: -- trans union -- are they equally exposed to breaches? guest: the day after the equifax breach was announced to everyone, their lawyers set down with ceos and security people and said this in better not be the way we are doing business. host: let's hear from matthew in mark bill, new york. democrats line. go ahead. caller: good morning. were of the issues you discussing have already been answered, but i have a question for the guest, what about forced arbitration? isn't that going to be implemented so that there

to the city at $475,000, i think the airport should have considered some of our federal credit union banks or other banks here locally in san francisco and consider that a cost to the city's budget as a way for us to support some of our local banks that are investing responsibly in our communities and neighborhoods and also not fleecing their customers, so i will be voting no on this agreement. >> president breed: thank you. supervisor fewer? >> supervisor fewer: i concur with supervisor kim. i have concerns about wells fargo and also we have voted as a board to sanction some banks that have also invested in investments that we as a city don't a agree with. i would encourage the city and count icounty to look at the -- to look at the county to look at credit unions, i also will not vote yes. >> president breed: madame clerk call the roll? ee -- yee aye. cohen aye. farrell aye. fewer no. kim no. peskin no. ronen no. safai aye. sheehy aye. tang aye. there are 7 ayes and 4 nos with supervisor kim, fewer, peskin and ronen in the dissent. >> president breed: the resolution is adopted. item 17,

the next step in for filling in creating a banking union is to make sure that the banks are less dependentut perspective, or from the government bonds perspective. as wek both are being -- are moving ahead. buffers are being built up. this makes you less dependence on countries -- dependent on countries and their decisions. if it happens, there will be more likely -- and it will be a final step. tracy: you are in a position to benefit from economic growth. as it picks up, do you look outside the eurozone for expansion once again? ofph: we are on the hopes the big inside, basically active in the whole world. and what we saw over the last four years, lackluster economic growth in the eurozone area, but basically we continue to grow because we had access to basically the globe. and we had growth in my america, asia, north america. and on the consumer side of things, we also grew in the eurozone and that is just if you take a digital model you can basically be so competitive that you can take market share. for example, in germany, we were at 43% or 44%, our next best competitor of 73% -- 72%,

the uk's banks could cope if britain leaves the european union in a "disorderly brexit". l crisis, all of the uk's biggest lenders have passed the criteria to cope with an economic downturn. the number of new office buildings getting under way in london has fallen by nearly 10% in the past six months, according to a study by consultants deloitte. it says political uncertainty has been holding back development. a massive £1.11 billion was spent in online sales in the uk on black friday — up nearly 12% on last year. trade body imrg says online was the winner, with high streets, shopping centres and retail parks faring badly with visitor numbers down 3.6%. if the uk left the eu in a disorderly brexit, our banks are prepared. the bank of england has published the results of its stress tests to measure how well they would cope. it's the first time since the financial crisis that all uk banks have passed tests — designed to see how well they cope with a varying degrees of a downturn in the economy. bank governor mark carney said the banks would withstand the "unlikely event" of

bank robber. look at this person -- dion johnson robbed the philadelphia federal credit union in philadelphia and e bank in yaden, delaware county, on the same day last month. the fbi is also investigating him for two more robberies in philadelphia. >>> in the lehigh valley, a school district is setting new rules on how teachers and students that talk to each other outside the classroom. the easton school district is discouraging teachers from calling or texting students on personal phones. the new rule also applies to social media, banning any teacher from friending a student on line or directly keep talking to them on line. >>> a sticky situation pays off for a montgomery county school. >> yeah. a lot of students seeing this may get some ideas. that's peter allston who's behind the duct tape. he's the principal of thomas fitzwater elementary in willow grave. he said if students raised more than $20,000 for the race for education he would let them duct tape him to a wall. guess what happened -- >> yep. >> he fulfilled his promise after the kids raised almost $29,000. >> you all know -- i've had m

with us now is chris rupke from mufg union bank.e you watching for today in the markets >> i'm an exist. we only look at economic reports. yeah, there's ppi inflation. that's something to look forward to we look at ppi to get us set up for cpi inflation, which is tomorrow i guess i'll look atful that t. the correlation is not strong between the two. >> in gem, betweneral, where ar there's momentum behind getting inflation higher or whether the fed should wait for something like that? >> too low inflation is a very, very serious problem for the -- i'm joking you know -- >> because some -- >> it's only someone who is in the midwest of the country who is at some of those regional federal reserve banks that could be concerned about too low inflation. most -- we've never been concerned about it before. the economy is at full employment everyone has a job that's the marker of success for the economy. >> so cut taxes. >> well, we usually cut taxes. no other administration tried this and congress as well. we usually get tax cuts in a recess

looking for the man they say is responsible for robbing four banks and a wawa in north philadelphia over the past three weeks, freedom credit unioner 28th, wawa october 31st and citizen's bank november 4th and pnc bank november 6th. in each case he displayed or referenced having a gun and demanded cash. >> he shows the teller a gun and before someone does something stupid we need to get this guy apprehended. >> there is a good sizereward. >> $10,000 reward for information leading to the arrest of the individual. give us his name, location, whereabouts. 215-546-tips. >> all calls remain anonymous. >> much more to come on "action news" tonight. it could be the most famous christmas tradition in the world. the rockefeller tree is in place. we'll tell you which pennsylvania town it came from when "action news" comes right back. ♪ ♪ we just moved in about four months ago, but the living room's pretty blank. we did a lot of research online. we just need to have a designer put it all together. mmm hmm. so, it's really nice when clients come in and have... done some of their own research. what do you think about these chairs and that tab

the city of paris has been picked to host the european banking or thorazine after britain leaves the european union in twenty nineteen dublin and early favorite frankfurt lost out in the vote by e.u. ban the states they earlier voted for amsterdam as the new postboxes location of the european medicines agency the move will give both cities a political status boost within the e.u. . new case law says now france and holland again it was a modest celebration from the winners thank you no champagne and spotless to rub london's no isn't it boss undisguised relief after want was a nail biting voting process we were delighted that in the end it was a very tight it was nerve wracking to be honest it was these fifteen cities that put their names in the hat for the e m a these four went for the a.b.a. while these four was so keen they went for the base and the appeal is obvious with the a.b.a. and. expertise prestige and business not to mention jobs combines they employ over a thousand people it was this up occasion video that helps swing it for patient safety is that our heart medicines evaluation board is

union that's doing it. talk about big wall street banks exploiting people, if you want to, it's not your local credit union who is doing it. talk about people who want to build your community, it is your local credit union, and yet credit union after credit union said the men and women that we strive to serve we will no longer help access the american dream. we can't. why? because of the regulations coming out of washington, d.c. do we want to protect the american consumer? we do and we can, but we can't protect them right out of homeownership. we shouldn't and yet we have. passing this bill today that my friend from kentucky brings forward corrects that mistake, puts us back on track for protecting consumers and enabling consumers. . mr. speaker, you can pick any day of the week on capitol hill and you can find a way to describe everything that goes on , as arious, as misguided con drived -- as contrived. but, mr. speaker, you can also look at days on capitol hill and see the earnestness of which men and women work together to move this country forward. that's the day we have today. i hope it's the day we

the uk's banks could cope if britain leaves the european union in a "disorderly brexit". d's so—called stress tests. for the first time since the financial crisis, all of the uk's biggest lenders have passed the bank's criteria to cope with an economic downturn. our personal finance correspondent, simon gompertz reports. could our banks deal with another financial crisis or a big recession oi’ financial crisis or a big recession ora financial crisis or a big recession or a chaotic brexit? the answer is yes, though with some reservations. the bank of england look at what would happen if our economy shrank by nearly 5%, if its interest rate was put up to 4% and it has prices plummeted by a third. banks would still be able to carry on lending. the governor mark carney said they would also cope if the uk crashed at the eu without agreement though people would feel it. there will be an economic impact on households, on businesses, there will be lost markets for a period before new markets for a period before new markets are found and there will be some pain associated with that

that there is an increasing pressure from the united states from the european union from the o.e.c.d. both on the. banking privacy laws on the whole industry of offshore financing we also stain a bill is the reliance on that particular interest part of the national security apparatus we will do everything we have to do to protect security to the world we are law abiding citizens so one of the concerns to me is a model student not because well because as only people have or programs is this misinformation that's not really about the concerns i think the industry as a whole is in pretty hot water is and there are calls to simply get rid of it the source programs in europe also is not only caribbean this was purely in europe. they have the same source markets it's all of us to sit. on this issue but i believe that we have a very transparent program that is open to scrutiny but the sustainability of it is you know there will always be demand obviously there be fluctuations in the demand but the will is a very unstable and there are many. many many many citizens in different parts of the world who are below pr

paris has been picked a host a key institution after britain leaves the european union in twenty nineteen the european banking agency is currently located in london the competition to acquire the e.v.g.a. had been fierce dublin and an early favorite frankfurt both lost out in the vote by e.u. member states amsterdam has been chosen as the new post writes a location for the european medicines agency. earlier we spoke with our very own charlotte shells and pills in brussels and we asked her why paris won the right to host the european banking agent's and i think a lot of people really are wondering why frankfurt wasn't the winner for the a.b.a. it had been a front runner and a lot thought that it was going to take the lead it didn't though it was knocked out it did reach the final three alongside dublin then came down to dublin and to paris and then in a tie break the names were picked out of a hat and paris was the n.s.a. was something of a bit of luck for paris with dublin left incredibly disappointed but that does not do it down paris of course is something of a financial hub it's already home to the europea

union in 2019. the european banking agency is coveted in london but britain's imminent departure left them looking for a new home. competition to acquire them which employs over 160 people could be theists, dublin and frankfurt lost out of the vote. they voted for amsterdam as their new post-brexit location, the european medicines agency. a total of 23 cities were in the running. charlotte, why did harris went as the host city for the banking agency russian mar? charlotte: we'll have to speculate. a lot of people are wondering why frankfurt was not the winner for the epa. it had been a front matter and we thought it was going to take the lead. it did not, it was knocked out and he did reach the final three alongside dublin and then it came down to dublin and to paris and in a tiebreak boat, names were picked out of a hat and paris was the winner, there is something of a bit of luck for paris which was left incredibly disappointed. let's not do down, paris is a financial hub, it is only on to the european security markets agency, that might play a role. ultimately, any winner of this had to prove vario

> carrier's for pot shops and they'll be a banking -- to help retailers find banking options that might include credit unions up credit opportunities. >> we can't go to a bank and ask for a small business loan to fund that, whereas every other business regulated in california would be able to do that. >> all right, right now, 6:48. sal, let's hit the road -- sal has hit the road on the way to napa. >> i thought you were in the building with me. >> well, you know, i kind of left and now i'm on the road, and i'm out here experiencing some of the slow traffic that i talk about all the time. we're approaching the maze and you might want to take a look at this slow traffic. you might be able to see if in the background, creeping along to the bay bridge. we have another traditional shot of the maze i could show you if we go to it now, westbound. you could see traffic is going to be slow. just a lot of people. and i think the time change had something to do with this. people getting up a little earlier and we've seen the commute end earlier. so people taking advantage of being up early and getting on the road and t

within the monetary union in europe, greece has effectively defaulted from part of its debt. in terms of the present value of its liabilities. and indeed, the bankingdoes not look very resilient in the monetary union. francine: what will the u.k. look like in 10 years? lord king: i do not know again, because i think there are big challenges facing the u.k. i don't think myself that brexit is the biggest economic challenge. i think the biggest economic challenge is that as a nation, we are saving less as a fraction of our national income than any other country in the g20. we are not saving enough to finance our pensions. we are not saving enough to finance care for the elderly. we don't seem to know how to finance the national health service. we still have a large budget deficit. and we have a large external current account deficit. the biggest risk to the u.k. on the political side is of muddled thinking. francine: on brexit? or on everything? lord king: on all these issues. both in terms of thinking now that there is an easy way to improve people's living standards, when there is not, and in terms of thinking that now, well, we can all have a soft

union. and wawa and a citizens bank last saturday and pnc bank yesterday. in each case he displayed or references having a gun and demanded cash. if you recognize this man can't police as soon as possible. >> we are staying on top of the breaking news a state police trooper shot in the lehigh valley. a team of reporters along with 6abc.com and our social platforms are gathering updates for you that the hour. stick with us we'll bring you the latest. >>> three boys were killed when a car crashed into their classroom in authority yale. she was not injured but taken to an area hospital for blood tests. >>> investigators are looking into a security scare caught on camera at miami's airport. a man crawled through a luggage carousel and ran across the tarmac. >> reporter: it was a brazen move. a man jumping on to the baggage belt and then crawling into the back secured area and on to the tarmac. where american airlines workers in miami quickly tackle him and held him until police arrived. miami police call this man's actions sensitive and this case remains under