they called in the president of the national citibank. now he immediately subpoenaed all records he could from the national citibank. went with his staff and went through records carefully the way a prosecutor should. then he came back and brought in charles mitchell, a tall, distinguished looking banker. he had been advisor to harding, coolidge and hoover. he came with a revenue of bank officials. he was very confident he was going to come out of this with no trouble at all. he began to lay out what his bank had done including selling short its own stock including the fact mitchell hadn't paid income taxes for years. he had written off losses in the process even though he was fabulously wealthy man. a whole bunch of irregularities. in those days, stockbroker companies were part of the banks. basically when the bank had a bad asset it turned over to its stockbroker which sold it to unsuspecting investors. they were unloading bad stocks along the way. they documented all this. one by one, the revenue around mitchell disappeared. they fired

i think citibank is. when you look at where it's trading to tim's point, look what it's supposedly worth. even if we diskont it somewhat, it's trading well below these levels of $60 a share. i think there's great opportunity. restructuring going on. and if and when they decide to spin off some of their areas in the foreign currency area where they've had some exposure, mexico for instance comes to mind. i think that's the catalyst that really pushes this up and through 60 and suddenly when will they be able to pay real diftends again? these are the catalyst that push it through. >> if you were -- no, no, no, wait. let me finish what i'm going to say. let me finish, finish, finish here. if we tor believe the u.s. is the best economy in the world relative other tos, would we want to be in a city. if forced to choose in the financials, would you choose a citi or be in one that's more domestingally exposed. >> for example? >> for example. usbancorp. wells fargo in the same boat. what's the name of the game? f

they called in the president of the national citibank. he immediately subpoenaed all of the records he could from the national citibank, went up to new york with his staff, went through those records carefully, the way a prosecutor should. and then came back and brought in this fellow, charles mitchell, who was a tall, distinguished banker. he had been an adviser to presidents harding, coolidge and hoover. he came with a large group of bank officials. he was supremely confident that he was going to come out of this with no trouble at all. pecora began to lay out what the bank had done, including selling short its own stock, including the fact that mitchell hadn't paid income taxes for years, he had written off all of his losses in the process, even though he is a wealthy man. a bunch of irregularities. eventually -- in those days, a stockbroker company were a part of the bank. basically, whenever the bank had a bad asset, it turned it over to its stockbroker, which then sold it to unsuspecting investors. they were unloading bad stocks alo

banks are hsbc, rbs, citibank, ubs.dates back to 2008 and involves traders sharing information to insure they always made money. the precise amounts are not known. the five banks have agreed to pay a collective fine of $3.4 billion. another bank is still being investigated, barclays. are we at the end of the scandals? not according to the group analyst chris. >> there are suggestions the total global cost of the banks could be as much as $40 billion if the department of justice gets involved. that's obviously the financial course. they could start revoking licenses if it does get big enough. banks need to take action. they really clamp down far more. they need to show they are taking efforts. central banks don't come out particularly well. regulators look as if they weren't keeping as close an eye as they should have been. these now need to be far more clearly enforce sod you have a clear lead from the authorities in these countries around the world. uk, switzerland and u.s. to give the banks a steer on how markets shou

banks are hsbc, rbs, ubs, jp morgan, citibank.his puts integrity at risk according to the financial authority that issued a one in three quarter fine for britain's finance. i should say the finance minister george osborne says the uk is cleaning up the city of london. take a listen. >> today we take tough action to clean up the corruption in the city by a few so that financial markets work for everyone. it's part of our long term plan to fix what went wrong in our economy and banking system. the syria fraud office is conducting criminal investigations. they have our full support in doing so. fines that banks will pay will be used for greater public good. that was something that didn't used to be the case in the past. the action we've take ton create this powerful regulator, the action to insure highest standards in banking is justified by these events. it shows we can now have confidence in the integrity of britain's financial markets. >> no, he's not getting fined. the managing partner of the law firm taking legal action against

ubs, citibank, jpmorgan, rbs and hsbc have been fined by u.k. and u.s. financial regular readers. ubs was also find by the swiss regulator, bringing its total to the top of the list. the u.k. financial conduct authority found that traders at the five banks swapped sensitive information on deals via internet chat rooms in an attempt to rig he for exchange benchmarks. rbs says it has already supplant six employees and placed another 50 under investigation. its chairman said the bank fully accepted the criticisms and condemned the actions of those employees responsible for the misconduct. all five of the banks were granted a 30% discount for agreeing to settle early. barclays, however, remains in discussion with regulators. criminal investigations are still underway in the u.s. and the u.k.. >> the bank of england says its internal investigations have found no wrongdoing, but in a separate announcement, the bank said its chief foreign-exchange dealing was dismissed on tuesday for misconduct. >> we have been given more read -- more details on revisions to next year's budget. >> $1.4 b

all the accounts are held at citibank.ges. >> we are all about financial inclusion. and how much more fun and how much more impactful can it be to have a savings account for a kindergartener. >> reporter: there are now 18,000 students including billy who now have banking accounts. kindergarten to college costs the city about $650,000 a year. it was the first in the country but now the u.s. secretary of education shares these kids' excitement. in san francisco, carolyn tyler, abc 7 news. >> they are on their way. >>> thank you for joining us for abc 7 news at 4:00. i'm ama daetz. >> i'm larry beil. abc 7 news at 5:00 begins right now with dan and cheryl. >>> coming up, it is decision day for california voters. >> we're confident we will prevail in a very close race. >> we are hoping of course it's decided our way. >> from mayoral candidates to state-wide contenders, there's a lot on the line tonight. some races may not end for weeks. we are live with complete coverage for you. >>> plus, the bird problem on the bay bridge. i

he's even popped up in the occasional tv commercial for citibank. when he's in the u.s., he lives and travels out of his van. >> it's a nice home. i got everything we need in here. i mean, i do have basically everything i own in here. >> reporter: his life is at once extreme and extremely simple. with his endorsements including north face, he makes a good living, but he says, he spends virtually nothing on himself. >> i'm making a peanut butter and jell little or ty tortilla . >> reporter: clif bars suddenly ended its relationship with alex and others, saying these forms of sport are pushing boundaries and taking the element of risk to a place where we are no longer willing to go. alex responded in a letter to "the new york times," calling it a shock that someone at clif bar seemed to have awakened suddenly and realized that climbing without a rope on vertical walls as high as 2,000 feet is dangerous. his fears, he says, are no different from the rest of us down on solid ground. >> i used to be scared of speaking in public. i've gotten over it becau

the banks are accused of manipulating a key benchmark on the london exchange, they include citibank of the u.s. and hsbc of britain. authorities in europe and the u.s. say that the irregularities took place from january 2008 to october 2013. major global banks were fined for manipulating the london interbank offered rate known as libor. time is money especially when talking about an ultra rare time piece, a vintage pocket watch fetched a record price at auction. [ applause ] >> congratulations. >> the watch went under the hammer in geneva. an anonymous buyer paid $24 million for it. that's a record for a time piece. back in the 1920s, a new york bankerer askeded a luxury watch maker to make the most complex watch in the world. the swiss firm took eight years to craft the time piece. it's seven centimeters in indictment, weighs 530 grams. it has 900 parts. the watch showses more than the time of day. it displays the date, the phases of the moon and when the sun riseses and sets. at the center of the dial for the starry night sky over new york. that's the latest in business for this hour

with china and citibank and the fed, demand for securities is largely price insensitive.ank will have to do price lcr. the fed is doing qe. china is looking out for its reserves. this is a much bigger impact on prices. >> three levels of elasticity in that one. [laughter] that was a massive data. would you like to lecture us on elasticity? >> i would really really not like to do that. [laughter] in this brave new world without the fed put, ken draghi fill the punch bowl backup? >> i personally think, no. how does u.s. qe work? the dollar is the reserve currency of the world. >> but they don't have that luxury. >> exactly. the only impact on the bank of japan is the bank of korea. is in my years saying i have to explain. explain the superiority that the u.s. has with the dollar. the fed can print more money and actually get more for it. no other currency can. that is the single most important difference. >> from a game theory basis, how many degrees of freedom has draghi lost because of the bank of japan announcement? >> i think since the , heuncement, if anything has bene

citibank, hsbc, jpmorgan chase, rbs, and ubs will pay more than $600 million each.eff, walk us through the significance of these fines and is this just a, you know, a small drop in the fine bank for these people? >> yeah, it just seems -- doesn't it, that the banks can't get off the naughty step. in excess of $3 billion when you talk up the numbers. the reality is these are legacy issues, really. the investigation started mid 2013 and dozens of traders have either been suspended or lost their job around this story. now the implications, i guess, will be on the direction of bank share prices and how we view the opportunity in the banks going forward. there is still a lot of investors who are weary of putting money into the banks. not knowing whether the litigation risk has come to an end yet. clearly it hasn't. this fx probe may be close to settlement but we know there are still other issues surrounding the banks in other areas of trading. so just keep a weary eye around the financials as we continue to see news float on this litigation story. i wanted to move you on

and with city rewind, you simply register the item as soon as you make the purchase and citibank searches for you. if price drops within 60 days, you're automatically reimbursed. kind of makes this seem like a lot of work. now, those price protection payouts are capped between $250 and $500 depending on the card and they don't make sense if you don't pay off your card every month. you will pay more in finance charges than you will save. also, keep in mind, the price matching policies for retailers do vary widely. only a handful like walmart, target and best buy will price match online competitors. julie watts, kpix 5. >>> the chp says tonight they know who they are looking for after a wild sideshow in oakland earlier this week. police say that these are just a few of the arrests that will be made over the coming days. they say it's not only illegal to take part in a sideshow, but also to be in the crowd. nearly 200 people watched as drivers recklessly spun their wheels wednesday night as police moved in to the port of oakland seeing one car trying to escape with young kids inside. this sa

citibank with a fox business exclusive, $4 billion in assets and growing.re are they recommending you put your money now? liz: dow jones industrials just turned positive. we haven't even gotten to christmas or thanksgiving. many are drafting 2015 investment playbook. where in the world to park your money. is it such an easy decision? citigroup chief u.s. equity strategist says usa, usa is still the place to be. on the opposite side, chief investment officer is routine for argentina. it is stupid cheap. what team should you root for? great to have you both. you are still going with usa even though we have just finished up yet another year of really good returns. >> it is probably a little bit ahead of itself at this moment. we are looking for 2200 on the s&p by the end of next year. 2200 for the s&p. what is your dow predictions? >> 7% upside. >> 19,000 then. >> somewhere in there. liz: a lot of people driving, listening on the radio, which we love. you have $4 billion in assets under management. argentina? why? >> one of my investing heroes said people woul

. >> big ones, including citibank and discover have told us they will match some of the black friday which could mean more sleep on black friday while >>> the largest christmas auction in the country is officially under way. the buff loaf valley auction started yesterday and continues today. buyers flocked to the auction looking for garland, wreeft and other decor. once everything is snapped up, they will start in on 50,000 christmas trees available for sale. >>> the holidays prompt people to give back. tomorrow you are asked to think and give back as the philadelphia community hosts a food drive. thanks for being here. >> thank you for having me. >> tell us about the#/Ñ organization for people who don't know. >> is we are trying to organize our community to address the education, economics and public safety. sor,uxs the organization is organizing our leaders and the community to address this issue and toing a aghelp out. >> tell us about the food drive. >> well, i mean, it's a no brainer. right now with nearly a third of our community in poverty -- what they don't talk about is anot

pasado fin de semana.una ubicada en la calle la playa y la otra en el boulevard, asÍ como uno de citibankjeros con notas donde les informaba que se trataba de un asalto. >> la empresa pgi, tuvo un accidente de escape de gas. no se reportÓ ninguna persona intoxicada tras el hecho. >> encontraron un cuerpo sin vida flotando cerca del puente golden gate, los primeros reportes sobre el cadÁver cero a las 7:30 de la maÑana y una hora despuÉs las autoridades lograron recuperarlo. la guardia costera ayudÓ al equipo de bomberos durante toda, la operaciÓn y seÑalaron que el cuerpo sin recibir acerca de una semana. >> hace unas horas en san josÉ una mujer perdiÓ la vida en un accidente. ya la policÍa arrestÓ al conductor del vehÍculo que la atropellÓ bajo sospecha determinado. >> beatriz nos tenemos informaciÓn. >> las autoridades y me tiran y quiere saber el porquÉ de la vÍctima y su trÁgico final. >> las luces y la presencia policial, secciÓn de cuerdas. habÍa sido a las 4:30 de la tarde que una mujer perdiÓ la vida al ser arrollada por un vehÍculo al este de san josÉ. carol, iba manejando, se pe

breaking news overnight, five banks have agreed to pay $3.3 billion in fines to citibank, hsbc, jpmorgan chase, rbs and ubs. now, these banks, they're accused of trying to manipulate foreign exchange rates to benefit their own trading. barclays, that bank, backed out of the settlement and still is being investigated. >>> missouri's governor revealing new plans for protests if the grand jury doesn't indict the police officer that killed michael brown. his parents, we're live with what they said next. ♪ please! no. for those headaches that just aren't bad enough for a lot of medicine, there's new excedrin mild headache. 35% less medicine plus a booster to end everyday headaches fast. please! oh, what a headache! actually...my headache's gone. excedrin mild headache. wow, that was fast! all around the world the dedicated people of united airlines ♪ are there to support you. ♪ that's got your back friendly. ♪ he found it cleans everything... whefrom stove tops...d writing a book about his magic eraser ...to scuffed shoes, and more. and when ran out of pages, he made a website instead. share

. >> and investigators in philadelphia say this man held up a center citibank on wednesday.e walked into the first trust branch on market street and handed the tell era demand note. >>> the controversy brought public utility commissioners to direction ler university today. they testified today. members of both unions have rallied against the sale for months. but today, the mayor told them collective bargaining agreements would be honored. that was just one of many benefits that are listed for selling pgw to uil holdings. >> the terms of the sale require the base rates not increase before january 1st, 2018 at the earliest and promote long-term stability. uil most honor the current collective bargaining agreement and treat union and exempt workers fairly. >> the mayor wants to sell pgw for about $2 billion. >>> the november election is still being contested in kent county, delaware. he looked like the winner on election night. the unofficial tally placed him ahead of the democratic incumbent by a mere two votes. it prompted several recounts and mcken na was declared the winner

i had a letter from citibank saying the monthly service charge was going up from $20 to $25, a 25% increase, without an explanation. i'm not a worse customer, right. >> and overdraft fees of up to $35. >> overdraft fees up to $35. and they kill low income people who need the money right away. need to cash a check and get that money. it's not only the overdraft, but a long time for the check to clear. we have people again who have a situation of instability financially, who need the money right away, can't get it from a bank, and if they make a small error in terms of when the check can be deposited or when they write are going out. they can pay. >> anything of this on the radar of policy makers? >> it is. i think the consumer finance protection bureau was started under obama. they are looking at these things, and have the potential to be a game changer. they are the only bureau that has consumers at the center. that's a good thing. they are looking, for example, at shifting the conversation, which i think would be great, from classifying people as unbanked and underbanked to whether they ar

saturday morning at 11:30, another robbery happened at the citibank on van ness.t the weles fargo off geary. police say they are looking at footage to get more information about each of the suspects. even though the robberies took place from hours of each other and six miles from each other as well. san francisco police say there are no indications to suggest they are connected. we also don't know how much money the robbers took. now, in all three instance, the robber would enter the bank, give the teller a demand note and the teller would hand over the cash but in two of the incident, the robber would open up a jacket to display a gun to the teller also. >> it's surprising. i have family that i help out that live right around the corner. they come here late at night. i mean, it's just -- it's scary. >> have a lot of costs that continue go to up. people are getting desperate and a lot of people are not getting those jobs that even though we see our employment is doing going down, there's still many people who aren't getting jobs. so they are pulling to dress brit

banks like barclays, chase, and citibank have all created these new branches with that very thought inre the new banking consumer. she inspires you. no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or diffi

so citibank, chase cards, if there's awet delay, they -- weather delay, they pay $3-$500 in hotel costsyou are stuck, and if you have nonrefundable ground arrangements such as hotels, rental cars, those are covered as well, up to $5,000. and a lot of people don't buy travel insurance, but they already have it with their credit card. gerri: that is great news. your other advice is to arrive at the airport super early if you are going to try to fly, correct? >> that's what i do. people think i'm crazy, three hours ahead -- gerri: oh! >> they may put you on an earlier flight. get a day pass to the lounge, it's a great time when you know there's going to be a delay. get a day pass -- gerri: this is when it makes financial sense. this is when it makes financial sense to get that day pass, because you may end up using it for hours and hours, and arriving early is good -- my actual strategy is always to leave early in the morning rather than evening flights because it always feels like you're more likely to get where you want to go. am i right? >> absolutely. and another strategy, gerri, is tr

the banks in question or citibank, jpmorgan bank, royal bank of scotland and ubs.d fine comes after regulators found between 2008 and 2013, traders at these banks formed groups that shared information about client activity. mean while from a record fine to what has to be a record divorce settlement, pretty confident no research to back it up. we'll say that with an oklahoma judge ordering oil mogul and don't nnl resources ceo harold hamm to pay his wife sue ann hamm nearly a billion dollars. the rest in monthly installments of seven million bucks. the ruling is subject to appeal. >>> google and nasa has signed a rental agreement. the tech company is leasing space at the former moffett field naval air station. it sits on the san francisco peninsula about three miles from google headquarters. the company's planetary adventures will use the hangar for space exploration, robotic and other emerging technologies over the course of a 60-year lease. >>> google meanwhile is upgrading their home base while it's becoming more affordable for us here to transform our houses int

then at 11:30 on saturday morning the city bank on van nuys the citibank was robbed. >> police say they're now reviewing surveillance video. it's unclear just how much money was stolen. in all three cases the robbers handed the teller a note demanding money. in two of the cases the robbers would also flash a gun. >>> two investigates expose as big problem at cash registers that often goes unnoticed by customers -- exposes a big problem. and erik -- eric rasmussen is here to explain how often this happens. >> reporter: it surprised us how often the price that appears is not the actual price. 42% of the time stores failed inspection. that means at least one item was overcharged during inspection. people tell us catching those mistakes isn't always easy. >> if you think you're getting something that's one price and you bring it home and it's another price, that's that's not good. >> so it doesn't matter if it's, a sticker or a sign. whatever is lowest, sale paper, that's what you are supposed to get. >> reporter: now2 investigates decided to check it for ourselves. we accompanied a county ins

last week, citibank and ubs disclosed they are facing similar investigations. >>> coming up my take onng american. ♪ >> al jazeera america presents the best documentaries >> i felt like i was just nothing >> for this young girl, times were hard >> doris had a racist, impoverished setting had a major impact >> but with looks charm.... >> i just wanted to take care of my momma... >> and no remorse... >> she giggles everytime she steps into the revolving door of justice >> she became legendary... >> the finer the store, the bigger the challenge >> al jazeera america presents the life and crimes of doris payne >>> tomorrow we have got a special edition of "real money" for you, with an estimated $4 billion being spent to sway voters in races. the midterms are already proving to be the most expensive election campaign ever. we're going to dig into the money behind the races and the people behind the mron money. but al jazeera is going to stay with you through the entire night with incite and analysis that takes you all the way through tomorrow's remarkably important election. please stay wit

banks include jp morgan chase, bank of america and citibank.hey reportedly worked together to rig the foreign exchange market making billions of dollars in the process. the settlement is with u.s. british and swiss bangers. >>> we'll hear from a prominent democratic lawmaker who said that his party needs to take bold actions before the next congress begins even if that leave leads to president obama's impeachment by republicans. >>> u.s. sailors got roughed up when they went ashore to turkey in response to the u.s. ally's government is up next. >> in today's power politics republicans have gained another seat in the u.s. senate. the election results from the state of alaska took awhile because of the thousands of votes that needed to be counted from remote villages and towns. today, however, the associated press projected dan sullivan will be the winner of this race. he's over 8,000 votes ahead of democratic incumbent mark begich. while some votes still need to be counted, they announced that the race is over. >>> the republicans will have a se

the ubs is paying $371 million, citibank - there's jp morgan chase, $352 million. royal bank of scotland, $334, and hs b.c. 343 million. we are going to talk to an-petty for, director of prime economics joining us from london. how do you view the fines? is it appropriate, or is it a slap on the wrist for the banks which make a lot of money? >> well i think it's not exactly a slap on the wrist. it is quite a lot of money, it will affect shareholders. but the fact of the matter is there has been rather too hasty in my view, investigation into this. what the banks have tonne is do a deal with the f.d.a. ensuring that they are fined simultaneously and don't suffer the same levels of reputational damage or falls in the share price, like barclays, when the libor scandal was exposed. what we have here is an investigation which the fca relied on the banks for intelligence on. the fca has been dealing with the banks lawyers rather than the individuals involved. that's because the department of justice is interviewing the united states - the united states's department of jus

that includes citibank, hsbc, rbs, jpmorgan chase and ubs.arclays backed out of the settlement and still is being investigating. >>> ten minutes after the hour. missouri's governor revealing new plans of a possible protest whatever the grand jury decides whether to charge police officer darren wilson who shot and killed michael brown. michael brown's parents open up with how they want the community to react. we're live with what they have to say next. >>> missouri's governor jay nixon says he's prepared to call out the national guard. the worried governor -- he's worried that violence could erupt after a grand jury announces whether it will indict officer darren wilson in the shooting death of unarmed teenager michael brown. now, that decision is expected this month. the grand jury has been working for weeks now. governor nixon said on tuesday that violence will not be tolerated. >> the national guard has been and will continue to be part of our contingency plan. the guard will be available when we determine it is necessary to support local l

last week, citibank and ubs disclosed they are facing similar investigations. >>> coming up my take onng up and what it means to be an american. ♪ >>> tomorrow we have got a special edition of "real money" for you, with an estimated $4 billion being spent to sway voters in races. the midterms are already proving to be the most expensive election campaign ever. we're going to dig into the money behind the races and the people behind the mron money. but al jazeera is going to stay with you through the entire night with incite and analysis that takes you all the way through tomorrow's remarkably important election. please stay with us for the whole night. i want to leave you tonight with something that happened in new york today. it was an act so simple, but one that carries so much symbolism. 13 years after hijackers flew into the twin towers, the first wave of new workers showed up at their own know. conde nsa is the first tenant. it has been a long and difficult path to rebuild at the site where the towers once stood. this morning there was little fanfare for some 175 workers who enter

citibank, $350 million. jpmorgan chase, $350 million as well.eparate settlement and a separate press release from the fines that we saw very early this morning from the financial conduct authority out of the u.k. and the cftc with five banks, two u.s. banks, and three european banks, that also concerned this, what they called exceedingly egregious manipulation of foreign exchange rates. in total, these fines are stacking up. jpmorgan and citigroup each paying $1 billion with all three of those agencies combined. roughly $600 million for the european banks. this is a costly issue, one that we've telegraphed, but it also is a har venger of further settlements to come. remember, the doj is still investigating this, as is the federal reserve here in the u.s. a statement from the fed this morning where they said that the agency has worked closely with other authorities in the u.s. and overseas and carrying out investigations into improper conduct in the markets. the fed is continuing to investigate in coordination with other authorities, including th

great day because our viewers have come through for us, and our partners, the nurses, the washington citibank and pepco, the washington monument the sports, so many people have come forward with money and food. and we're grateful to know there is so much more that i believe people can really do. because we have a lot of people to feed. thank you so much. thank you for being here too. >> reporter: all right. thank you, a eagle harbora. the phone line is still open. 202-885-4949. donate for the neck few days at nbcwashington.com. jim, doreen? >> thank you from us, too, pat. it's been a long day out there. glad you had pretty good weather for it. >>> new developments in western new york. the snow is starting to melt, but it's posing another threat to already exhausted citizens. >> a power outage snarled air travel as thousands of people were trying to get away for the holidays. tonight, we know ♪ ♪ [ male announcer ] follow your joy to a celebration like no other. start your new orleans holiday at followyournola.com. >>> a developing story in buffalo, where that massive snowstorm is now causing

. >> a lot of the big ones including citibank and discover have actually told us that they are goingk friday prizes. >> reporter: which could mean more sleep on black friday while still scoring holiday bargains. mark barger, nbc10 news. >> it's the quest for the state championships. next, we have a look at the playoff action on nbc10's "high school blitz." >>> okay. bundle up if you head out this morning. seeing temperatures rising slowly. here's a look outside. looking at blue skies. not a great day to be in the water but maybe a nice day to bundle up and walk along the shoreline there. we'll talk more about the forecast and then warming for monday. we'll talk about that, too, coming up. >>> and a good saturday morming. i'm meteorologist michelle grossman. finally starting to warm this morning. we started out in the teen, even the single digits. finally making it over the freezing mark in many spots. i'll show you the numbers in a minute. still very cold if you're headed out this morning. if you have things to do outside, bundle up. we're seeing cold temperatures. we're starting a w

settlements were reached with jp morgan chase, citibank, ubs, hsbc.ays remains under investigation in the u.k. >>> a frighting sight looking at the world trade center. scaffold collapsed. anderson cooper has more on what turned out to be a dangerous rescue. >> reporter: at about 12:40 this afternoon, the first sign of an emergency at the newly opened one world trade center. >> we have breaking news we want to let you know about right now. crews are on the way to one world trade center. that is scaffolding dangling from one world trade center. >> 68 floors above, two window washers are trapped on the scaffolding. >> i'm seeing two heads dangling over their scaffolding. one of the guys, seem to be looking down. >> reporter: the two men ages 41 and 33 were headed to the roof of the so-called freedom tow er went something went wrong. slack developed on one side of the scaffolding, dropping it from horizontal to nearly vertical. authorities were on the scene within minutes. >> firefighters went to the roof and the 68th floor. from the roof they dropped rop

she did hsbc, citibank, a terrorism case. she has all of the credentials that make her perfect for this job. she's also not going to be controversial because nobody really knows her here in washington. that's going to be big. the republicans are going to be in control of the senate and we expect that a vote will come sometime probably in february when the attorney general is going to step down, attorney general eric holder. he's waiting until they confirm her for the job so he can step down. >> you're just one of those guys who is so ahead of the story, you're already talking about the vote and we don't even have the announcement yet. when do you think the president will say something and utter the name and eric holder chime in as well? >> well, he has one day before he leaves for asia on sunday. possibly mark your calendar for tomorrow. don't bleep sleep in. if not, it's not going to be for another week before he gets back. >> guess who is on the schedule on sunday. don't sleep in. evan perez, great work for breaking that st

the kind are gardineren to college accounts are deposit-only and all are held at citibank. >> we are all about financial inclusion, you know. and how much more fun and how much more impact full can it be to have a savings account for a kindergarten gartner. >> there are now 18,000 students with savings accounts. kindergarten to college costs the city about $650,000 a year. we won't know the level of success until 2022 at the earliest when the first batch of kindergartner graduates. >>> here is lisa argen talking about the weather. >> yeah we have some areas of fog this morning. another warm day. then we've got a cool down in store and hopefully a little bit of rain coming our way. live doppler 7hd, low clouds and fog are right along the coast. not making much of an impact because of still the winds are very, very light out there. but we do have the radiational cooling and moisture at the surface. some of that fog will be sneaking into the bay and just getting situated over a particular area like yesterday. right now we have that up sonoma county and by the coast. here's the

banks like barclay's, chase, and citibank have all created these new branches with that very thoughtn mind. trying to capture the new banking consumer. ♪ ah, ♪ h it. ♪ push it. ♪ p...push it real good! ♪ ♪ ow! ♪ oooh baby baby...baby baby. if you're salt-n-pepa, you tell people to push it. ♪ push it real good. it's what you do. ♪ ah. push it. if you want to save fifteen percent or more on car insurance, you switch to geico. it's what you do. ♪ ah. push it. i'm pushing. i'm pushing it real good! we're celebrating the season with our chicken tortellini alfredo, made with five cheeses, and topped with smoked chicken, add a crisp, classic caesar salad for a pairing that brings comfort and joy to your dinner table. only at panera bread. >> matt was just 21 when he died in a house fire at the university of north dakota. he had signed up to be an organ donor when he was just a teen, so eight months after he passed away, his family got to hear his heart beat again. adrian from kare has this amazing and touching story. >> reporter: throughout life we all wait for someone or something -- >> so

the kindergartners-to-college accounts are deposit-only and all are held at citibank.know. and how much more fun and how much more impactful can it be to have a savings account for a kindergarten? >> there are now 18,000 students with savings accounts. kindergarten-to-college costs the city about $650,000 a year. we won't know the level of success until 2022 at the earliest. >> we know it's a spare-the-air day today because we can't seem to get rid of the warm weather. >> yeah, but we will. tomorrow we begin to see an incoming push. it could bring alleges rain. and there's a hope that a bigger system heads our way after that. here's a look at live doppler 7hd. you see the outline of the fog here. it is situated from the north coast all the way down into southern california where it is creating some problems on the water. the problem for us, though, is that it's beginning to push in a little bit across the bay. so that is reducing visibility. a pretty shot though, don't think, from the sutro tower camera where much of the fog is shrouding san francisco at 57. oakland is

bank of america, citibank, jpmorgan, along with barclays, rbs, hsbc. rob frost, does this make you hesitant to invest in currencies or invest in these banks? >> well, first of all i think the fines that came it unfortunately a little low. in my estimation they should have hit them harder. unfortunately is very unfortunate feeling amongst many investors thatype thin does is e fire. i think these people have what is coming to them. i wish they hit them with more. liz: michael look what some the things they said firm a, these emails. i prefer we join forces. immediately looking at collusion. >> collusion. liz: jpmorgan, perfect, sic, let's do this, down team them. then he says yes. >> really encourage sympathy of the public after they brought down the financial system. now colluding through the financial system. not just foreign exchange market. also commodities and libor. i'm underweight investment banks and portfolio strategies. the yield curve will tighten but they're a favorite piggybank of the regulators. they're the whipping boy. they're going to ke

morgan chase and citibank and hbsc.th fines totaling more than $4 billion. pop culture lead now and eminem, have never gone together and there has been social media outrage to some, shall we call it, colorful language that the rapper used at the concert for valor in honor of veterans day. >> d.c., happy [ bleep ] veterans day! >> because nothing says thank you for your service like an f-bomb. the rapper's potty mouth instantly sparked criticism on twitter and some people questioned the decision to include eminem in the lineup to begin with and others chimed in what better place to show case freedom of speech in a tribute for those who fight and die for those freedoms and eminem wasn't the only artist raising eyebrows and the boss, bruce springsteen who has had over a billion songs in his music catalog, he's been widely criticized for teaming up with the foo fighters for the anti-war song "fortunate son." ♪ ♪ ♪ >> of course, that is want an anti-military song in any way, that's a song about fat cats, connected people sen

lemonis: this debt is you guys playing high-stakes poker with chase, citibank, discover so that you can have a right to buy a building that you don't own and can't afford that somebody else will finance for you. and if, five years from now, business isn't doing well, whether you'll admit it or not, you don't really care because you can just sell the building and make yourself a couple million dollars. i have to tell you why i'm uncomfortable right now -- you never told me this was a real-estate play. sal: i don't think -- i don't know where you're coming up that it's a real-estate play. lemonis: this is what you just admitted to me -- to keep the business alive so that you can get to this point. i think the challenge that i have, guys, is that my mission is to invest in small businesses, not real-estate companies. i just don't think it's something that i'm interested in. how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy.

i remember just before he got arrested, he said, i pay taxes and i'm paying more taxes than citibank.as well as your other daughter. boehnertalk about what says and where you see this country headed? >> you know, i think it is time to stop listening to the republicans threats. in document it immigrants have been having the courage -- undocumented immigrants have been having the courage to fight for their rights. we won't stopat until we see the deportations stopped. we will continue organizing. we have been doing protests and front of the detention centers. when obama came here to make fundraising, we did a protest in front of the hotel. for us, we're not going to stop. if we as undocumented immigrants have the courage to fight, i think democrats can do it, too. they need to stood up to the immigrants in congress and do the right thing. they have an opportunity to do the right thing. i hope they will do it. >> rosi carrasco, you have been here now in the united states 20 years, undocumented. could you talk a little bit about the toll it has taken on you to be able to raise a family, b

last week, citibank and ubs disclosed they are facing similar investigations. >>> coming up my take on american. ♪ >> they say no one ever successfully escaped alcatraz, for its inmates freedom was just a dream. so the irony is perfectly poetic that an art show about creativity, self-expression and freedom has opened on the former island prison. >> these works are so beautifully made, they're so resplendent, they're so colorful and appealing and attractive that i think people from all walks of life will find something compelling about them. >> chinese activist artist ai weiwei calls his alcatraz exhibit "at large" and he planed it remotely, in abstentia, his own freedom curtailed by the chinese government. ai weiwei cannot leave china he could not escape to alcatraz. decorating the old prison factory floor... over a million lego blocks, portraits of political prisoners and exiles around the world. the artist himself had once sat in jail for his own outspokenness, he knows what it feels like. cell block "a" has become the installation "stay tuned" - an invitation to sit behind bars and

we were -- we thought the citibank news was big news and it wasn't.the time it opened next day the stock was up. with jpmorgan there's nothing to quantify. even a $5 billion criminal penalty would be a rounding error. to me i don't think you like to see these criminal sort of situations, and really it's just kind of getting jacked up by the doj. they're like you guys did this, give us 5 bil, no one ever sees it. >> it's down 1% right now. >> 10% off the lows recently. i don't think you chase anything. >> coming up next, a look at one of the fastest growing apps disrupting the entire social networking space. the ceo of hinge joins us after the break. how much money do you have in your pocket right now? i have $40, $21. could something that small make an impact on something as big as your retirement? i don't think so. well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge might not seem so big after all. ♪ ♪ there's confidence... then there's trusting your vehicl

lemonis: this debt is you guys playing high-stakes poker with chase, citibank, discover so that you can have a right to buy a building that you don't own and can't afford that somebody else will finance for you. and if, five years from now, business isn't doing well, whether you'll admit it or not, you don't really care because you can just sell the building and make yourself a couple million dollars. i have to tell you why i'm uncomfortable right now -- you never told me this was a real-estate play. sal: i don't think -- i don't know where you're coming up that it's a real-estate play. lemonis: this is what you just admitted to me -- to keep the business alive so that you can get to this point. i think the challenge that i have, guys, is that my mission is to invest in small businesses, not real-estate companies. i just don't think it's something that i'm interested in. my name's louis, and i quit smoking with chantix. i had tried to do it in the past. i hadn't been successful. quitting smoking this time was different because i got a prescription for chantix. along with support, chanti

bank and citibank faces criminal inquiries private -- from the doj. include a $600 million charge.it raises the question of how much this will impact the sector. >> you get this from jpmorgan. caroline spoke to sergio last week. it's like we are in the endgame in putting quantum's around the foreign exchange. we are getting into the very near endgame because it is coming out with technical provisions. citigroup, you mentioned that they had made the provision and adjusted the third-quarter numbers. there is no irony lost. actually -- globally, $41 billion for foreign exchange. 24 billion dollars of those penalties will go towards the united states authorities and then you have europe and the u.k.. when it comes who is the player in the foreign exchange market -- it is about $5.3 billion today -- $5.3 trillion today. deutsche bank probably will be the most impacted in terms of 5 billion euros. they have 16% of the market. barclays comes in behind it. ubs comes in after that. how did it get to these numbers? they look at how aggressive the penalties have been. k, there is more aggress

the fines were issued to jpmorg jpmorgan, citibank, hsbc, rbs, and ubs. >>> the actor reportedly suffered called dementia. it can cause a decline in mental abiliti abilities in mental patients. it often affects those with parkinson's disease. >>> a new study in the public library of science finds that as children get older their internal biological clocks cause them to stay awake later. research says the start time should be moved later but parents are saying, no, way. let's get them out the door. >> i wish they'd do that with the news. one hour would make such a big difference. >> spotify is responding to taylor swift pulling her music. anthony mason shows us how spotify is trying to find some harmony. good morning. >> good morning. spotify claims it's paid more than $2 billion in royalty to musicians and their labels but the company took pains to say it agrees with taylor swift, desperate to patch things up with the star. ♪ don't say i didn't say i didn't warn you ♪ >> the message in her latest single "blank space" seems pretty clear. don't mess with taylor swift. and spotify says it un