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Oct 20, 2013
10/13
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. >> a record fine in store for the u.s. bank jp morgan. >>> and why this violin was brought for a titanic $1.4 million. >>> two-thirds of the deal it appears done. the nine lebanese men held hostage in syria for more than a year returned home, part of a deal between rebels, syria, turkey and the regime of bashar al-assad. two turkish pilots were freed, but no word on dozens of women's held in syrian gaols. andrew simmons reports. >> 530 days after their capture a chaotic, emotional home coming for nine weary men who thought they would never get out of syria alive. nothing like a formal handover. a woman is overcome and collapses. lebanese security couldn't hold back the rush of people wanting to embrace their loved ones. some of the freed hostages didn't have to walk. >> the relatives are in the crush. they waited since may for the breakthrough. there has been false alarms. this is a reality now. >> this woman, with a bunch of red roses searches for her father in the confusion. he's outside on the shoulders of his son and anothe
. >> a record fine in store for the u.s. bank jp morgan. >>> and why this violin was brought for a titanic $1.4 million. >>> two-thirds of the deal it appears done. the nine lebanese men held hostage in syria for more than a year returned home, part of a deal between rebels, syria, turkey and the regime of bashar al-assad. two turkish pilots were freed, but no word on dozens of women's held in syrian gaols. andrew simmons reports. >> 530 days after their capture a...
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Oct 25, 2013
10/13
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KCSM
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u.s. banking operations hard. the u.s. central bank took these developments into krgsz in working out its own strict rules. beginning in january 2017, it plans to ask banks to hold a liquidity coverage ratio of 21%, that means banks should hold liquid assets equal to their cash flow outflows. it will fund their operations for about 30 days during a time of market stress. if it becomes official, the fed proposal would also affect financial institutions in other countries that own u.s. banks as affiliates. >>> a jury in the u.s. state of oklahoma has ordered toyota motor to pay $3 million in damages, holding it liable for a 2007 car crash. a woman driving a toyota camry was seriously injured, and another woman in the car was killed. the injured woman and the family of the deceased had filed a lawsuit against toyota. they said toyota was aware of a defect in its car's brake override system. but failed to make that knowledge public. toyota blamed the driver's error for the accident saying she apparently mistook the accelerator
u.s. banking operations hard. the u.s. central bank took these developments into krgsz in working out its own strict rules. beginning in january 2017, it plans to ask banks to hold a liquidity coverage ratio of 21%, that means banks should hold liquid assets equal to their cash flow outflows. it will fund their operations for about 30 days during a time of market stress. if it becomes official, the fed proposal would also affect financial institutions in other countries that own u.s. banks as...
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Oct 11, 2013
10/13
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CNBC
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we prefer a u.s. bank that has a better revenue and earnings outlook in our view. >> number one bank analyst six years in a row. appreciate it. >> thank you. >> keep that streak going. sue, up to you. >> absolutely, thank you, guys. tales from the shutdown. we are going to speak with the ceo of a company who has had to lay off 80% of his staff because of that government shutdown. that's ahead. plus, domesday survivalists are gearing up for a possible u.s. debt default. what are they doing, josh? >> well, sue, this government shutdown has a lot of americans concerned including survivalists who are busy buying shelters and bunkers. we'll talk to a man who is building those bunkers up next on "power lunch." people go to as people go to as store and essentially they just get sold something. we provide the exact individualization that your body needs. before you invest in a mattress, discover the bed clinically proven to improve sleep quality. once you experience it, there's no going back. oh, yeah! at our colu
we prefer a u.s. bank that has a better revenue and earnings outlook in our view. >> number one bank analyst six years in a row. appreciate it. >> thank you. >> keep that streak going. sue, up to you. >> absolutely, thank you, guys. tales from the shutdown. we are going to speak with the ceo of a company who has had to lay off 80% of his staff because of that government shutdown. that's ahead. plus, domesday survivalists are gearing up for a possible u.s. debt default....
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Oct 14, 2013
10/13
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KNTV
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and with u.s. bank, i've learned... ....no surprises make for a great show. ♪ ....no surprises make for a great show. ♪ it's not the ford ecoboost v6 you want under your hood. chevy silverado offers the most fuel-efficient v8 of any pickup. even better than the f-150 ecoboost v6. out here, you want what's under here. put silverado to the test at the silverado vs. all event. [ male announcer ] just announced, trade up to the all-new silverado all star for this introductory offer of $3,250 total value. see your local chevy dealer today. >>> and soo that is the game next week. what a beauty that one will be. in a way you might say peyton is going back to the house that he built. >> yeah. >> because they had so much success. they were looking for a new stadium and able to get it because the team was doing so well. they owe a lot of that to peyton. and back he comes. you couldn't have written a better script for next week's game. >> i think about guys who for all the years were never allowed to touch peyton
and with u.s. bank, i've learned... ....no surprises make for a great show. ♪ ....no surprises make for a great show. ♪ it's not the ford ecoboost v6 you want under your hood. chevy silverado offers the most fuel-efficient v8 of any pickup. even better than the f-150 ecoboost v6. out here, you want what's under here. put silverado to the test at the silverado vs. all event. [ male announcer ] just announced, trade up to the all-new silverado all star for this introductory offer of $3,250...
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Oct 7, 2013
10/13
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KICU
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a report u.s. banks are preparing for a possible u.s. default. in today's cover story, is twitter's ipo giving investors facebook flashbacks?? plus, signs that the global economy is getting back on track. and what it means for the u.s. and looking closer at the fine print....how signing on the dotted line of some legal documents could cost you big money if you don't watch out! first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's monday, october 7th. i'm angela miles. in today's first look: wall street wavers. stocks rose on friday. but were down for the week as the government shutdown moves into a new week. gold fell $8 and oil edged up 29 cents. walmart is slashing the price on the new iphone 5c to just $45 dollars with a 2 year contract. the smartphone normally sells for $99. and, tesla races back. the stock rallied 4.4% friday after the ceo said the fire in the s model electric car that started with a strong impact to battery-- did not entire the passenger compart
a report u.s. banks are preparing for a possible u.s. default. in today's cover story, is twitter's ipo giving investors facebook flashbacks?? plus, signs that the global economy is getting back on track. and what it means for the u.s. and looking closer at the fine print....how signing on the dotted line of some legal documents could cost you big money if you don't watch out! first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good...
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capital requirements now the idea behind the guidelines that's the big question is to make sure u.s. banks hold onto at least thirty days of liquid assets that can be easily sold federal reserve chairman ben bernanke has said that it would quote if he coverage ratio would act as a question for the banks who would be able to survive a credit squeeze without government needing to step in and bail them out like last time now the proposal is based on an agreement from the balance of committee on banking supervision but it's tougher than basel and will force u.s. banks to meet standards two years ahead of their foreign counterparts now sticking around to discuss this more than tobacco you can do much more than tobacco alex let's let's talk about liquidity liquidity issues first i want to ask you is in a deviation from the greenspan years which the hinton suggested that we're going to start tapering to back in september bernanke explicitly pinpointed a path to tapering at six point five percent unemployment that's a very very kind of what i would see as an arbitrary number in terms of we've neve
capital requirements now the idea behind the guidelines that's the big question is to make sure u.s. banks hold onto at least thirty days of liquid assets that can be easily sold federal reserve chairman ben bernanke has said that it would quote if he coverage ratio would act as a question for the banks who would be able to survive a credit squeeze without government needing to step in and bail them out like last time now the proposal is based on an agreement from the balance of committee on...
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7.0K
Oct 13, 2013
10/13
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KNTV
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together together together down down turn around having fun is what it's all about >>> welcome to the u.s. bankports report. here's your host, jimmy roberts. >> pga tour in review coming up, but first, other news. we start with a major league baseball postseason. a near no-hitter in the alcs. detroit and boston at fenway. top six, jhonny peralta strokes at the center, so in comes miguel cabrera, 1-0,
together together together down down turn around having fun is what it's all about >>> welcome to the u.s. bankports report. here's your host, jimmy roberts. >> pga tour in review coming up, but first, other news. we start with a major league baseball postseason. a near no-hitter in the alcs. detroit and boston at fenway. top six, jhonny peralta strokes at the center, so in comes miguel cabrera, 1-0,
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Oct 9, 2013
10/13
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KCSM
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u.s. federal reserve bank could be about to get its first female chairperson. u.s. president barack obama has nomen aifted janet yellen to succeed ben bernanke as head of the u.s. central bank. obama announced his decision at the white house. yellen and bernanke was present during the announcement. >>
u.s. federal reserve bank could be about to get its first female chairperson. u.s. president barack obama has nomen aifted janet yellen to succeed ben bernanke as head of the u.s. central bank. obama announced his decision at the white house. yellen and bernanke was present during the announcement. >>
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Oct 29, 2013
10/13
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CNBC
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that is really nothing for the likes of deutsche bank, compared to the big u.s. competitors, they had a compounded fall only by 25% in that trading unit. so it looks like deutsche bank is losing some market to competitors. that is perhaps why shares are not tanking as badly as ubs shares is that we see a little bit of a turn around in the problem side unit, asset and welt management. as well, they are betting their profit goes for 2015. with that, back to you, ross. >> all right, annette. carolin, thank you very much. edmond joins me with his thoughts. what do you think of the ubs story? >> surprising, actually. really surprising. this caught us off guard slightly. we were looking at the underlying numbers. all looked okay. then this bigger management, they're going to have to, you happen, have this litigation on the core tier, 150 basis points, much bigger than -- well, nobody had anticipated this. it's a sproising number. they hadn't and certainly nothing from chris credit suisse. >> and its regulators move in goal posts. continuously, we've seen it for the last
that is really nothing for the likes of deutsche bank, compared to the big u.s. competitors, they had a compounded fall only by 25% in that trading unit. so it looks like deutsche bank is losing some market to competitors. that is perhaps why shares are not tanking as badly as ubs shares is that we see a little bit of a turn around in the problem side unit, asset and welt management. as well, they are betting their profit goes for 2015. with that, back to you, ross. >> all right, annette....
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Oct 25, 2013
10/13
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KICU
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u.s. banking system. bank of america is cutting jobs in its mortgage department. the bank is slashing up to 13- hundred jobs due to declines in refinancing activity and improvements in delinquent home loans. it plans to cut three- thousand jobs by the end of the year. the cuts include full- time employees, but the majority will be contracted positions. b- of-a already laid off more than nine thousand workers in the third quarter. medical device company boston scientific is also cutting jobs. the company based in massachussets, will trim 1,500 positions worldwide, to reduce costs. boston scientific has not posted an annual profit since 2005. a new report zeroes in on the shocking truth of corporate tax rates. in an analysis of the s&p 500 --- usa today finds 21 components of the exchange pay a zero percent tax rate. verizon, rupert murdoch's news corp, metlife and many others reported tax rates of 0% during the past year. the research finds many widdle down tax bills by moving money into offshore accounts, harvesting losses, and using accounting tricks. one analyst
u.s. banking system. bank of america is cutting jobs in its mortgage department. the bank is slashing up to 13- hundred jobs due to declines in refinancing activity and improvements in delinquent home loans. it plans to cut three- thousand jobs by the end of the year. the cuts include full- time employees, but the majority will be contracted positions. b- of-a already laid off more than nine thousand workers in the third quarter. medical device company boston scientific is also cutting jobs....
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Oct 4, 2013
10/13
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CNBC
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>> i'm more interested in u.s. banks. i'd be underweight in european banks. >> we'll talk tech, as well, today. samsung is set to dial up another quarter of record operating profit, but the saturated smartphone market may hit earnings growth. we'll be in seoul at 10:30. and there is a record $340 billion available for commercial real estate investment, that's in around 30 minutes. and jpmorgan as we mentioned topping the globalen investment banking table with more than $4 billion in fees for the first nine months of the year. we'll get all the details from the thomson reuters m&a report at 11:20. and will it be the tweet smell of success for twitter as it publishes its pre-ipo filing. they want to raise $1 billion. losses are increasing. and the bank of japan has held steady on monetary policy, but warned of global dangers from the u.s. debt debate. we'll speak to the chief scr japanese economist. ♪ [ male announcer ] you know that family? the one whose eye for design is apparent in every detail? ♪ whose refined taste is b
>> i'm more interested in u.s. banks. i'd be underweight in european banks. >> we'll talk tech, as well, today. samsung is set to dial up another quarter of record operating profit, but the saturated smartphone market may hit earnings growth. we'll be in seoul at 10:30. and there is a record $340 billion available for commercial real estate investment, that's in around 30 minutes. and jpmorgan as we mentioned topping the globalen investment banking table with more than $4 billion in...
WHUT (Howard University Television)
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Oct 3, 2013
10/13
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WHUT
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u.s. central bank has decided to keep its monetary easing program for the time being. the rupiah continues to weaken. it will depend on how fast it can pull off crucial reforms. nhk world, jakarta. >>> a south korean ban on imported seafood from northeastern japan took effect last month over protests from the japanese government. authorities in seoul are concerned about leaks of radioactive waters a the fukushima daiichi power plant. some people say the changes are transforming the nation's diet. nhk world's anna jong reports. >>> consumers in south korea are getting more concerned about where their seafood comes from. this sign says this market deal diehls in domestic product only. the seller s at the market have put up this sign to reassure consumers. fla >> translator: if it's possible to avoid it, i won't eat japanese marine products but i will eat domestic seafood. >> you never know what the effect could be several decades from now. i always check to see where the seafood came from. >> reporter: the cooperative fish market is the largest fish market in south korea
u.s. central bank has decided to keep its monetary easing program for the time being. the rupiah continues to weaken. it will depend on how fast it can pull off crucial reforms. nhk world, jakarta. >>> a south korean ban on imported seafood from northeastern japan took effect last month over protests from the japanese government. authorities in seoul are concerned about leaks of radioactive waters a the fukushima daiichi power plant. some people say the changes are transforming the...
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Oct 27, 2013
10/13
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FBC
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notorious fact that while we have the fed that was supposed to prevent bank failures, thousands of u.s. banksled. in canada not even one bank failed. john: but people around me who say, a few marbles would have prevented the housing crash in the banking crash. you know, that is why we need this, dodd-frank, all of these pages. but this is absurd. why would bureaucrats who are supposed to enforce this have the wisdom to prevent the housing bubble when their boss had no clue it was coming? before the crash bernanke was asked, might the housing market crash? >> what is the worst-case scenario if, in fact a much we were to see prices come down substantially? >> i don't buy your premise. it is a pretty unlikely possibility. we have never had a defined crisis. >> the fed was the last to see the crisis coming, and yet at the same time they were helping to fuel the housing boom. john: now we will get janet yellen. >> she will not be much different than ben bernanke. if anything she might air even more on the side of easy money and he did. john: that is what everybody says. thank you. coming up, so fa
notorious fact that while we have the fed that was supposed to prevent bank failures, thousands of u.s. banksled. in canada not even one bank failed. john: but people around me who say, a few marbles would have prevented the housing crash in the banking crash. you know, that is why we need this, dodd-frank, all of these pages. but this is absurd. why would bureaucrats who are supposed to enforce this have the wisdom to prevent the housing bubble when their boss had no clue it was coming? before...
WHUT (Howard University Television)
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Oct 4, 2013
10/13
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WHUT
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to do so, the couple took out a $10,000 u.s. bank loan. today, they can again harvest bananas.r plants are yielding fruit all year round. but the couple aren't earning enough from their farm. they're barely scraping by. >> when i paback what i have to send to the credit union, i have to pay my bills. and the little that you remain, you have to survive with it. so, it's hard. >> to prevent that from happening again after the next storm, the united nations university has come up with a hurricane insurance plan. project manager sobiah becker is working with local insurer ec global. it will sell the policy. the idea behind it is simple. a policy costs 80 east carribean dollars per year. when a hurricane hits, the insurer will pay policyholders $1,000, regardless of whether the storm has done any damage. an independent weather station measures rain and wind speed. it's an unusual idea. and, at first, it was hard for becker to win over an insurer. >> you know, any time you went >> you know, any time you went to an insurer and said, well, you know, there doesn't have to be real proof
to do so, the couple took out a $10,000 u.s. bank loan. today, they can again harvest bananas.r plants are yielding fruit all year round. but the couple aren't earning enough from their farm. they're barely scraping by. >> when i paback what i have to send to the credit union, i have to pay my bills. and the little that you remain, you have to survive with it. so, it's hard. >> to prevent that from happening again after the next storm, the united nations university has come up with...
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Oct 9, 2013
10/13
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CNBC
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, they're written off 10% of their total assets, u.s. banks. if banks are writing off bad loans and say they're reducing the amount and that can lead to deflation, that's why deflation comes in. and that's why i think, you know, at some point qe is going to come to europe and that would be a game changer in items of european stock markets. >> andy, always good to see you. thanks vep. we'll take a short break. still to come, yellen may be replacing bernanke, but will there be any change at the fed? second hour of "worldwide exchange" after this. >>> this is "worldwide exchange." i'm ross westgate. it's official, president obama will nominate janet yellen to be the next fed chairman ending months of speculation about who would replace ben bernanke. >>> president obama and john boehner taking shots, neither giving ground on the debt ceiling deadline. >>> and this is our last chance to instill confidence. jorg as mussen warns of this month's stress tests in an interview with cnbc. >>> and shares of alcatel lucent have been down as the government ha
, they're written off 10% of their total assets, u.s. banks. if banks are writing off bad loans and say they're reducing the amount and that can lead to deflation, that's why deflation comes in. and that's why i think, you know, at some point qe is going to come to europe and that would be a game changer in items of european stock markets. >> andy, always good to see you. thanks vep. we'll take a short break. still to come, yellen may be replacing bernanke, but will there be any change...
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Oct 18, 2013
10/13
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CSPAN2
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again you can see the topline, the total portfolio of all u.s. banks, is flat and slowly trending lower. about 20% historically of the total bank balance sheet, or gives that they keep spent what is that number on the right and? >> that is $4 trillion out of a 13 trying dollars balance sheet. so what you can also see is the redline is a less than 2 trillion. the sales, the purple line on the very bottom are slowly trendy little. they just don't have the volume to sell the mortgage. and effect they are keeping them. banks are bidding for non-agency loans, large jumbo loans, two, three, $4 million this not because these to the they have very low value ratios reason high credit scores. they will keep them on balance sheets even though under basel iii they will be penalized for doing so. so let me just finish off by talking about the regulatory environment, because going back again to the theme of our talk today and the fed and everything else, when the fed, president obama nominated janet yellen to be the next fed chairman, i wrote a piece on breitbart.co
again you can see the topline, the total portfolio of all u.s. banks, is flat and slowly trending lower. about 20% historically of the total bank balance sheet, or gives that they keep spent what is that number on the right and? >> that is $4 trillion out of a 13 trying dollars balance sheet. so what you can also see is the redline is a less than 2 trillion. the sales, the purple line on the very bottom are slowly trendy little. they just don't have the volume to sell the mortgage. and...
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Oct 20, 2013
10/13
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ALJAZAM
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the men were arrested without apparent incident >> the u.s. bankpmorgan chase is to pay a word $13 billion fine to settle investigations into bad mortgage loans. that is according to a source close to the negotiations with the u.s. justice department. the sale of over valued mortgage securities was a major cause of the 2008 financial crisis. we'll talk to elise cooper, financial analyst in london joining us from there. this is to settle a claim about overvalued mortgage. this is the civil side of things and there's a criminal investigation, i think, going on. >> well, first of all, we don't have the full details of the settlement. it's news source, the "new york times," "the wall street journal," "bloom berg", it looks like it's a $13 billion settle: $9 bill on of that is fine, and $4 billion will be for helping home owners who got into difficulties. the $13 billion is $2 billion bigger than a couple of weeks ago. the two key things on the settlement - again that we don't know because we don't have the details - they are will jpmorgan admit wrong d
the men were arrested without apparent incident >> the u.s. bankpmorgan chase is to pay a word $13 billion fine to settle investigations into bad mortgage loans. that is according to a source close to the negotiations with the u.s. justice department. the sale of over valued mortgage securities was a major cause of the 2008 financial crisis. we'll talk to elise cooper, financial analyst in london joining us from there. this is to settle a claim about overvalued mortgage. this is the civil...
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Oct 25, 2013
10/13
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WETA
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u.s. banking giant j.p. morgan has agreed to pay more than i billion dollars to settle claims -- $5 billion to settle onims it misled agencies mortgages. rescuedican government fannie mae and freddie mac during the financial crisis when both were on the verge of collapse. you are watching "abc world news america." still to come, this team is out to represent the usa in the rugby league world cup. you will not believe what they left behind. even though brush fires continue to burn in southeast australia, the question of compensation and where it is coming from is being raised. the army could be forced to pay up. the brush fires in new south wales have been burning for over a week. now the threat level has been downgraded. there are questions over who might pay for the damage after a fire service investigation found the biggest fire this past week was caused by an army training exercise using explosives. now the premier of new south wales says the military they have to foot the bill. >> property has been damag
u.s. banking giant j.p. morgan has agreed to pay more than i billion dollars to settle claims -- $5 billion to settle onims it misled agencies mortgages. rescuedican government fannie mae and freddie mac during the financial crisis when both were on the verge of collapse. you are watching "abc world news america." still to come, this team is out to represent the usa in the rugby league world cup. you will not believe what they left behind. even though brush fires continue to burn in...
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Oct 30, 2013
10/13
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WJZ
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. >>> the largest u.s. bankovernment tentatively agreed to a $13 billion settlement over the bank's mortgage bond. it's reported the bank doesn't want to pay for mistakes paid by a failed mortgage lender if bought before the financial crisis. >>> the new york state attorney general is looking into complaints of discrimination against two stores, barneys and macy macy's. in total three were filed by three black customers. they want to meet with store executives and is demanding information on store policies regarding racial profiling. >>> silicon valley has a new historic site. >> the home where am co-founder steve jobs grew up. jobs and steve woz nee yak built the first 100 computers there. the house is currently owned by jobs' sister. >>> the buyer was an anonymous american. the house is close to penny lane which inspired the beatles' song. quite some history. thanks a lot, gigi. >>> coming up in sports, the miami heat raised their latest championship banner and a soccer ref cannot seem to keep the peace. of in
. >>> the largest u.s. bankovernment tentatively agreed to a $13 billion settlement over the bank's mortgage bond. it's reported the bank doesn't want to pay for mistakes paid by a failed mortgage lender if bought before the financial crisis. >>> the new york state attorney general is looking into complaints of discrimination against two stores, barneys and macy macy's. in total three were filed by three black customers. they want to meet with store executives and is demanding...
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Oct 17, 2013
10/13
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KQED
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while u.s. bank corp says nervous customers are moving money into cash and the influx of deposits is squeezing into net interest margin as it mays more interest on deposits, deposits that may not be able to lend. growing by $10 billion by the end of september and customers moving to cash seeking certainty and safety for their money as washington diters what to do with it's own. for "nightly business report", i'm mary thompson. >>> still ahead on "nightly business report", big blue reports a big revenue miss sending shares lower after hours. that's coming up next. first, how the international markets performed today. >>> the u.s. economy grew at a modest to moderate pace but job growth was subdued. a snapshot of business and economic conditions in the fed's 12 regional bank ris districts and growth slowed in richmond, chicago regions. many reported optimism about the future and expressed uncertainty about the government shutdown and looming debt ceiling crisis. >>> a banker's group says new mortgage a
while u.s. bank corp says nervous customers are moving money into cash and the influx of deposits is squeezing into net interest margin as it mays more interest on deposits, deposits that may not be able to lend. growing by $10 billion by the end of september and customers moving to cash seeking certainty and safety for their money as washington diters what to do with it's own. for "nightly business report", i'm mary thompson. >>> still ahead on "nightly business...
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90
Oct 25, 2013
10/13
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FBC
tv
eye 90
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notorious fact that while we have the fed that was supposed to prevent bank failures, thousands of u.s. banksled. in canada not even one bank failed. john: but people around me who say, a few marbles would have prevented the housing crash in the banking crash. you know, that is why we need this, dodd-frank, all of these pages. but this is absurd. why would bureaucrats who are supposed to enforce this have the wisdom to prevent the housing bubble when their boss had no clue it was coming? before the crash bernanke was asked, might the housing market crash? >> what is the worst-case scenario if, in fact a much we were to see prices come down substantially? >> i don't buy your premise. it is a pretty unlikely possibility. we have never had a defined crisis. >> the fed was the last to see the crisis coming, and yet at the same time they were helping to fuel the housing boom. john: now we will get janet yellen. >> she will not be much different than ben bernanke. if anything she might air even more on the side of easy money and he did. john: that is what everybody says. thank you. coming up, so fa
notorious fact that while we have the fed that was supposed to prevent bank failures, thousands of u.s. banksled. in canada not even one bank failed. john: but people around me who say, a few marbles would have prevented the housing crash in the banking crash. you know, that is why we need this, dodd-frank, all of these pages. but this is absurd. why would bureaucrats who are supposed to enforce this have the wisdom to prevent the housing bubble when their boss had no clue it was coming? before...
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Oct 16, 2013
10/13
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WZDC
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eye 364
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while u.s. bank corp says nervous customers are moving money into cash and the influx of deposits is squeezing into net interest margin as it mays more interest on deposits, deposits that may not be able to lend. growing by $10 billion by the end of september and customers moving to cash seeking certainty and safety for their money as washington diters what to do with it's own. for "nightly business report", i'm mary thompson. >>> still ahead on "nightly business report", big blue reports a big revenue miss sending shares lower after hours. that's coming up next. first, how the international markets performed today. >>> the u.s. economy grew at a modest to moderate pace but job growth was subdued. a snapshot of business and economic conditions in the fed's 12 regional bank ris districts and growth slowed in richmond, chicago regions. many reported optimism about the future and expressed uncertainty about the government shutdown and looming debt ceiling crisis. >>> a banker's group says new mortgage a
while u.s. bank corp says nervous customers are moving money into cash and the influx of deposits is squeezing into net interest margin as it mays more interest on deposits, deposits that may not be able to lend. growing by $10 billion by the end of september and customers moving to cash seeking certainty and safety for their money as washington diters what to do with it's own. for "nightly business report", i'm mary thompson. >>> still ahead on "nightly business...
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Oct 25, 2013
10/13
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u.s. banking giant j.p. morgan has agreed to pay more than i billion dollars to settle claims -- $5 billion to settle onims it misled agencies mortgages. rescuedican government fannie mae and freddie mac during the financial crisis when both were on the verge of collapse. you are watching "abc world news america." still to come, this team is out to represent the usa in the rugby league world cup. you will not believe what they left behind. even though brush fires continue to burn in southeast australia, the question of compensation and where it is coming from is being raised. the army could be forced to pay up. the brush fires in new south wales have been burning for over a week. now the threat level has been downgraded. there are questions over who might pay for the damage after a fire service investigation found the biggest fire this past week was caused by an army training exercise using explosives. now the premier of new south wales says the military they have to foot the bill. >> property has been damag
u.s. banking giant j.p. morgan has agreed to pay more than i billion dollars to settle claims -- $5 billion to settle onims it misled agencies mortgages. rescuedican government fannie mae and freddie mac during the financial crisis when both were on the verge of collapse. you are watching "abc world news america." still to come, this team is out to represent the usa in the rugby league world cup. you will not believe what they left behind. even though brush fires continue to burn in...
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Oct 9, 2013
10/13
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u.s. central bank has been pumping money in to the nation's struggling economy. summer bernanke hinted the practice of printing more money to lift the u.s. economy would be winding down. but when u.s. interest rates start today rise, bernanke made the surprise announcement. >> the committee decided today to keep the target range for the federal funds rate at zero to one 4th% to make no change in either its asset purchase program or its forward guidance regarding the federal funds rate target. >> reporter: the rapid shift in thinking, left investigators around the world wondering whether they could still look to the u.s. to take a lead on fiscal policy. >> we still aren't in a robust recovery by any means. we still haven't got to where we want to be on unemployment. we haven't o got to where we wat to be on growth and we have really perhaps reached the limits of what you can do with these measures. >> reporter: so it may be up to yellen to figure out how and when to stop the bank's unprecedented practice of stimulating the economy by printing more money. with an u
u.s. central bank has been pumping money in to the nation's struggling economy. summer bernanke hinted the practice of printing more money to lift the u.s. economy would be winding down. but when u.s. interest rates start today rise, bernanke made the surprise announcement. >> the committee decided today to keep the target range for the federal funds rate at zero to one 4th% to make no change in either its asset purchase program or its forward guidance regarding the federal funds rate...
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new rules to restrict the flow of data to the united states and also calling for a suspension of a u.s. bank deal talks spain has summoned the u.s. ambassador over the latest reports of n.s.a. eavesdropping the agency's allegedly been snooping on spanish government officials and the targets may have included the country's prime minister and down to editor of politics a coder you case as the backlash from the e.u. is only likely to grow. we're starting to some very very tough rhetoric especially from the e.u. commission which is not prone to issuing tough rhetoric or things considered usually it speaks in the sort of diplomacy talk now it's using a much more robust language which does suggest that action is coming. and while that commotion hate selp british prime minister david cameron is still a conspicuously silent and some reports suggest he was pressured into signing an e.u. statement expressing deep concerns over u.s. surveillance but chancellor merkel has said cameron continues to support the n.s.a.'s activities and don says that this is not surprising the u.k. is essentially indistingu
new rules to restrict the flow of data to the united states and also calling for a suspension of a u.s. bank deal talks spain has summoned the u.s. ambassador over the latest reports of n.s.a. eavesdropping the agency's allegedly been snooping on spanish government officials and the targets may have included the country's prime minister and down to editor of politics a coder you case as the backlash from the e.u. is only likely to grow. we're starting to some very very tough rhetoric especially...
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Oct 10, 2013
10/13
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the large bank capital ratios certainly are good, and this owes very much to the actions taken by the u.s. of doherty's through stress tests to make sure the banks have enough capital. this has allowed more credit for economies. >> do you think weaker banks should have more capital or they should just the dissolved? >> at defense. if you have no viable institutions there is nothing you gain. you need to resolve this institution. >> how wearing is the political stalemate in washington for the imf? >> i think it's not good news for the united states or the world, and what we hope is fighting ends and the united dates can get its act together in dealing with the fiscal situation which is a serious one , and that it can put in place a fiscal strategy, which the united states needs. >> if the u.s. fails to reach its debt ceiling limit and default on its debt, what sort of ramifications do you think this will have on global markets? >> if there is a default on u.s. debt, this is going to be a big negative for confidence in financial markets. it may have repercussions, and that's something that
the large bank capital ratios certainly are good, and this owes very much to the actions taken by the u.s. of doherty's through stress tests to make sure the banks have enough capital. this has allowed more credit for economies. >> do you think weaker banks should have more capital or they should just the dissolved? >> at defense. if you have no viable institutions there is nothing you gain. you need to resolve this institution. >> how wearing is the political stalemate in...
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deal with iran where they're paying for oil in rupees now because they can't do it through the u.s. banks or even the turkish bank anymore beginning back to the price of gold but india's done to curb this is put a fifteen percent tariff on the gold imports and they're doing this from other places in the east that fifty. percent if you look at the current price of gold let's say it's twelve thirteen hundred dollars that amounts to one hundred eighty two hundred dollars that right there accounts for your price increase ok there you go now china and india they account for sixty percent of all jewelry gold sales. but what's going to happen if the gold shortage persisted and how will this affect the gold market i think globally the gold jewelry market in india is very important but it's the bullion that is attracting the most actual dollar i want to say the dollar out of the bullion price in gold in dollars which i shouldn't do it's attracting the most gold in the central banks they continue to load up every time people say well the central banks are getting up out of the gold market it turns
deal with iran where they're paying for oil in rupees now because they can't do it through the u.s. banks or even the turkish bank anymore beginning back to the price of gold but india's done to curb this is put a fifteen percent tariff on the gold imports and they're doing this from other places in the east that fifty. percent if you look at the current price of gold let's say it's twelve thirteen hundred dollars that amounts to one hundred eighty two hundred dollars that right there accounts...
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Oct 9, 2013
10/13
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. >> jeanette yellen is currently the vice chair of the u.s. bank and she will be the first lady to leave the fed. her tenure would end in january. >> and remember the 9-year-old boy who took the plane from minneapolis to las vegas with no ticket. and you show him getting screened and then slipping by a distracted agent to stow away. but tonight his dad has a message for everyone. >> we thought he was at his friends. i don't have a answer. i have a 9-year-old. to me he has a behavior problem. we've been asking for help. >> this kid does seem to have a beehivor -- behavior problem. he's way too young to be charged with a crime. the day before, he cased the airport and grabbed a bite to eat without paying for it and this kid had previously stolen a car and -- snuck into a water park. >> and i heard his mother worked at the airport. there are allegations she helped him. crazy stuff. >> and we are just getting started. >> hear what roger goodell says about the redskins name change debate. >> who says good neighbors make good friends. well they didn't kn
. >> jeanette yellen is currently the vice chair of the u.s. bank and she will be the first lady to leave the fed. her tenure would end in january. >> and remember the 9-year-old boy who took the plane from minneapolis to las vegas with no ticket. and you show him getting screened and then slipping by a distracted agent to stow away. but tonight his dad has a message for everyone. >> we thought he was at his friends. i don't have a answer. i have a 9-year-old. to me he has a...
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Oct 25, 2013
10/13
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the nation's central bank propoelss large u.s. banks keep enough cash, treasury bonds and liquid assets to survive a severe economic downturn like the crisis of 2008. >>> bank of america is laying off a lot of worker in the mortgage division. it told 1,200 they were losing their jobs. the wall street journal reports, 3,000 more workers, these who work in the home loan divisions may get pink slips. >>> not many people know tom curry, whose title is comptroller of the currency. he's one of the bank's most feared and important regulators responsible for leveeing billions in fines just in year and keeping those banks in line. kayla sat down with the comptroller and has more. >> reporter: wall street has a new sheriff in town, no matter that the office of the comptroller of the currency has been around for 150 year, tom curry is new blood at a place once criticized for being too cozy with the banks. he's out to prove that's wrong and making the banks pay. in 2013 the occ put out 152 enforcement actions and collected half a billion dollars in
the nation's central bank propoelss large u.s. banks keep enough cash, treasury bonds and liquid assets to survive a severe economic downturn like the crisis of 2008. >>> bank of america is laying off a lot of worker in the mortgage division. it told 1,200 they were losing their jobs. the wall street journal reports, 3,000 more workers, these who work in the home loan divisions may get pink slips. >>> not many people know tom curry, whose title is comptroller of the currency....
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pair of banks that purchased back in two thousand and eight this is the largest fine placed on any u.s. bank ever but while j.p. morgan faces the music other big banks continue to get their way the new york federal reserve bank is now in the middle of a lawsuit filed by a former employee carmen sahara who claims that the new york fed fired her after she refused to falsify documents that if left untouched would have exposed illegal practices at goldman sachs some of the new york fed's most powerful executives are former goldman employees and in many people's severe as case looks like yet another example of regulators looking out for banks toure's instead of looking out for the american people. break all this down i'm joined now from our los angeles studios by richard aska senior fellow at the campaign for america's future rich or welcome back it's always good to be here tom thanks thanks for joining us richard let me let me by the way i meant to mention in the set up that you guys have this big gala dinner coming up here and in washington d.c. in november and it's really really worth checking
pair of banks that purchased back in two thousand and eight this is the largest fine placed on any u.s. bank ever but while j.p. morgan faces the music other big banks continue to get their way the new york federal reserve bank is now in the middle of a lawsuit filed by a former employee carmen sahara who claims that the new york fed fired her after she refused to falsify documents that if left untouched would have exposed illegal practices at goldman sachs some of the new york fed's most...
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restrict the flow of data to the united states and also any piece now calling for a suspension of a u.s. bank deal talks chancellor merkel has said that spying on france cannot be tolerated after reports of u.s. eavesdropping on her phone calls and done to editor of politics says he's expecting a major backlash from. responding to some very very tough rhetoric from the e.u. commission which is not prone to issue a tough rhetoric or things considered usually it speaks of the sort of. much more robust language which does suggest that action is coming. and while that commotion heats up british prime minister david cameron is staying conspicuously silent and down says this isn't surprising. the u.k. is essentially indistinguishable from the u.s. and certainly g c h q works in partnership with the n.s.a. perhaps more of the sort of subservience incorporated partner. but nevertheless there's really no point trying to distinguish them while the reason that london is being very quiet is because london has its own secrets which will probably come out in the laundry over the next few weeks. the spy the
restrict the flow of data to the united states and also any piece now calling for a suspension of a u.s. bank deal talks chancellor merkel has said that spying on france cannot be tolerated after reports of u.s. eavesdropping on her phone calls and done to editor of politics says he's expecting a major backlash from. responding to some very very tough rhetoric from the e.u. commission which is not prone to issue a tough rhetoric or things considered usually it speaks of the sort of. much more...
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u.s. banking history and this is the first legal snafu for j.p. morgan under diamond he had to go to the hill to defend the london whale the billions of dollars of trading losses the banks suffered after a very risky head that did not pay off but lawmakers seem to be forgiving. you're obviously renowned rightfully so i think as being one of the most you know one of the best c.e.o.'s in the country for financial institutions but let's not forget that j.p. morgan was among the banks that benefited from the taxpayer bailout in two thousand and eight as head of the banks i mean oversaw the transfer of twenty five billion dollars from the u.s. treasury department being in relatively good shape compared to other big diamond said he didn't really need the money but took it anyway because the treasury. terry told him to either way j.p. morgan is among the banks that many still call too big to fail. after the taxpayer bailout some lawmakers are worried that we have learned nothing from the recent past. we like to go to the question about to need to fail tha
u.s. banking history and this is the first legal snafu for j.p. morgan under diamond he had to go to the hill to defend the london whale the billions of dollars of trading losses the banks suffered after a very risky head that did not pay off but lawmakers seem to be forgiving. you're obviously renowned rightfully so i think as being one of the most you know one of the best c.e.o.'s in the country for financial institutions but let's not forget that j.p. morgan was among the banks that...
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. >> pelley: in what passes for good news, chenault told us that u.s. banks are much stronger than they were in 2008. better able to withstand another shock. there was a shooting today at the federal courthouse in wheeling, west virginia. a gunman, armed with a semiautomatic rifle, fired as many as two dozen rounds. one person inside the building suffered minor injuries. west virginia state police shot and killed the gunman. he's not been identified. we have no word on a motive. congress is taking action after our report on veterans overdosing on drugs prescribed by v.a. doctors. that story is next. victoza®. for a while, i took a pill to lower my blood sugar, but it didn't get me to my goal. so i asked my doctor about victoza®. he said victoza® is different than pills. victoza® is proven to lower blood sugar and a1c. it's taken once-a-day, any time, and comes in a pen. and the needle is thin. victoza® is not for weight loss, but it may help you lose some weight. victoza® is an injectable prescription medicine that may improve blood sugar in adults with type
. >> pelley: in what passes for good news, chenault told us that u.s. banks are much stronger than they were in 2008. better able to withstand another shock. there was a shooting today at the federal courthouse in wheeling, west virginia. a gunman, armed with a semiautomatic rifle, fired as many as two dozen rounds. one person inside the building suffered minor injuries. west virginia state police shot and killed the gunman. he's not been identified. we have no word on a motive. congress...
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restrict the flow of data to the united states and also every piece now calling for a suspension of a u.s. bank deal talks very angry leaders coming from europe for example you know the leaders would be germany said chancellor angela merkel having called the u.s. president barack obama to ask for an explanation because of the suspicions that her phone was being monitored we also know that french president francois lot had that asked for explanations on why seventy million french citizens were being spied on. the recent revelations i have said washington into another spin of damage control u.s. government officials reported reportedly now have to let foreign intelligence agencies know what further information edward snowden might possess foreign relations and security expert benoit can bog points out how the whistleblower has brought the spotlight on the issy's of the surveillance state this is the classic fire wantin to on the one truck. you know trying to plug a particularly recontacted on the other turned also disclosing to a certain extent how much the. other powers and i think this is the c
restrict the flow of data to the united states and also every piece now calling for a suspension of a u.s. bank deal talks very angry leaders coming from europe for example you know the leaders would be germany said chancellor angela merkel having called the u.s. president barack obama to ask for an explanation because of the suspicions that her phone was being monitored we also know that french president francois lot had that asked for explanations on why seventy million french citizens were...