we will sit down with bruce van saun, citizens financial ceo.is is bloomberg. ♪ s is bloomberg. ♪ kailey: this is "bloomberg daybreak." i am kailey leinz in the hewlett-packard enterprise green room. "markets,"ater on ras baraka, the newark, new jersey mayor. sanctions on a rancher in the country -- on iran. that they already paid millions of dollars. an investigation of standard chartered's iranian business is more expensive than it is made it. the bank is now - it admitted. the bank's operating with investors. that savings predicted increasing regulatory requirements what force banks to consolidate. withche bank in a tie up crosstown rival commerzbank. and bloomberg has learned the japanese automaker wants to triple car production in china as soon as 2030. toyota hopes to make 3.5 million cars a yea in china by venture that is your bloomberg business flash. david: u.s. bank lending has been climbing to a record high, even if the spread between the two-year and 10-year has narrowed in the years before the financial crisis. and indication a rece