The chairman of the gentleman from mr. From texas is recognized. Thank you madam chair. Madam chair, as a practitioner, i once represented a rips recipient of welfare who is charged with a crime, because she made more money at a job and receiveds some benefits from the federal government. She had to be prosecuted. A crowned with allege. If this bank works much smaller, had maybe ten employees who were engaging in this type of activity, opening an opening up false accounts, fraudulent accounts, creating fraudulent credit cards. Someone would be prosecuted. If small banks would have had prosecution take place within the rank of the person within the bank. Evidence shows that small banks have had persons prosecuted. But wells fargo created 1. 5 million fraudulent accounts. Wells fargo had over 500,000 credit cards created fraudulently. Is it the case that if you become so big, and you create such a grand steam, that you are beyond the law of the law to apply to wells fargo just does it ap
The u. S. And the Afghan Taliban a jew to sign a preliminary deal in a few hours time they could eventually end americas longest running war its a result of 18 months of talks but once its a grade there is still a long way to go the 1st stage will be a 135. 00 day period of whats called a meaningful reduction in violence that set to include the exchange of 6000. 00 prisoners that deal is being described as a precursor to a Peace Agreement between the warring sides within afghanistan its hoped this will lead to talks between the taliban and the government in kabul as well as the withdrawal of foreign troops and leading up to the signing there has been an initial weeklong reduction in violence mostly held although the worst still some attacks. There as a summer binge of aid has spoken exclusively to taliban spokesman so hey shahid he asked him what made this deal convincing given the taliban still carried out attacks in the past week. Course it was a deduction in war lintz as we call it
Im Francine Lacqua in london. These are your markets. 0. 4 . An markets down a lot of the market put a position that the economy and a lot of the earnings would go through the coronavirus. Not so after the apple news yesterday. There is more concern about the deadly coronavirus trade looking at treasuries, they are rising. Americans reopening after a holiday. Yesterday was president s day. Jumping as much as 24 after unsuccessful bid for the small arrival. This may be the kickoff of banking consolidation in italy and then further into europe. Coming up on bloomberg surveillance, our exclusive conversation with the hsbc Financial Officer on the banks job cuts. First word news. Viviana hsbc is set to slash 80 of its workforce. The lender taking more than 7 billion of charges and suspending buybacks as part of a restructuring plan. Plans to exit some businesses and cut costs. Hsbc still hunting for a permanent chief executive. We also spoke to the lender cfo about the coronavirus outbreak
I dont consider myself a journalist. Nobody else would consider me a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tech . Ick . Lets talk about your career at bank of america and how euros up and became the ceo because i think that is quite interesting. To go back to your background, you are from ohio . And your father was a chemist . Yes. David was it dupont . Yes. David you the sixth of eight children. Yes. David you have a children and you share a lot . Yet to be very aggressive about getting your share. [laughter] david he went to Brown University and with the cocaptain of the rugby team. Rugby is a tough sport. I assume that is not as tough as banking . There is nothing more powerful than to see if scrum and i was never in there because is not big enough. Team but it is a fantastic teamwork game. I think that is consistent. All 15 players p
The tape that 83 people in long islands Nassau County are being monitored now for exposure to the deadly coronavirus. Now weve got multinational corporations today from nestle to ericsson asking employees to work from home or skip traveling all together. The dean of the Miami Business School who ran the China Europe International Business School is here in a fox business exclusive on how he sees the economic and business spending impact affecting some of the stocks you own. Our power panel is here as well to tell you whether you should buy china during this outbreak. Yeah, there are some chinese stocks you should be scooping up. Plus disney investors asking themselves how a low profile dark horse executive suddenly grabbed the reins of the mouse house. We are about to tell you how he did it. It is a classic tortoise and hare story. Wait until you see what the hare brings to the csuite. Plus, bitcoin dropping below an important key level. Luxurious stock picks to make now. And charlie b