Lead to care. For School Welcome to the program such a bank has long been in crisis a so far failed restructuring attempt a litany of litigation in the United States and high costs have weighed the company down now it says its on the road to recovery announcing its 3rd straight quarter of profits a bunch of bank returned over 300000000 euros for the 3rd quarter thats more than analysts estimated a boost in trading revenue and a drop in missed credit repayments helped a lot so far this year looks a lot better than 29000. 00 when it made losses in the boot billions of euros as you can see there however the full effect of the pandemic could yet be to come if Companies Fail to pay back loans that could yet damage the companys long promised return to success now. Is the financial correspondent in frankfurt. How well is Daughter Bank prepared for a potential wave of bankruptcies due to the pandemic. Its better prepared than in the past the numbers in the Balance Sheet which describe the Capi
Personal piggy bank france twenty four Catherine Viet has this. All it was a crowd Funding Campaign meant to raise money from private donors to hehelp build a b border wall instead according to prosecutors it paid for things like jewelry travel up vote a luxury s. U. V. In a statement acting manhattan u. S. Attorney Audrey Strauss accused former white house adviser steve bannon and three others of treating the we build the Wall Campaign as a personal piggy bank as alleged the defendants defrauded hundreds of thousands of dune is capitalizing on the interest i in funding a bootable to raise millions of dollarsrs under the false pretense that alall of f that money will be st on construction. The indictment describes an elaborate sleight of hand carried out by bannon project founder brian cole fades and the other defendants involving a different charity and various shell accounts all to disguise where the money was actually going back in two thousand and nineteen bannon attended an event
Record high after a global meltdown melt up on monday. Futures are pointing lower. The cash trade tray is less than an hour away. Hong kong on notice. Microsoft joins google, facebook, and twitter in pausing government user data requests. Tiktok also pulls out of hong kong. The risk rally pauses. Equity markets and futures trade grow aboutncerns rising coronavirus infections. Bloomberg learns that Deutsche Bank and google are planning a 10 Year Partnership on cloud and tech investment. Computing and tech investment. Just under an hour away from the start of cash equity trading across europe. Futures are down right now. We see losses on ftse futures of 0. 5 . About 0. 6 . Es, futuresxx you choose down about 0. 7 . Yesterday we got germany factory orders, missing the mark. Coming out at a 10 gain compared to a 15 estimate. Now we are getting german 7. 8 . Rial output rising that is the month over month figure. The estimate was for 11. 1 . Dataagain, german economic missing the estimate,
Eurozone. The german lender looks to fill its top job as soon as this week in a bid to end a shareholder revolt. 6 00 and in 6 00 a. M. In london. You have not had it so cheap for quite some time. Five year low in dollars. Record no in pounds. , thedity from my friends munificence of Central Banks is gushing in the form of liquidity. It goes back to the old story which is where do you find the velocity, where do we start riskon. He bonkers jp morgan, citigroup, look to the hinterlands of recovery. Good to see you again. Bita Goldman Sachs takes a of a different view in terms of the rest of the year but i still see some growth coming through in 2021. To jp morgans point, they are saying liquidity will lift stock and bond markets and that comes back to the conversation you and i have been having for so long in terms of our these two markets giving us different signals or is it all about the liquidity . Manus which is priced better . Moves they scrapped their bearish call on risk assets a
Welcome to bloomberg surveillance. Im Francine Lacqua in london. The markets are definitely focusing on a couple of things out there. ,here is a lot going in china global stocks continuing to it is yes and in the market. The dollar and treasury slipping. Homebuilder shares in the u k advance after a report the government is considering a temporary increase in the pay. Hold at which buyers weighing a Global Equity market that remains about 40 above its march lows amid this economic recovery, which is under threat from the continuing spread of the virus. We will have more on the markets but lets get to the bloomberg first word news. Here in london is leighann gerrans. Planning billions of pounds in two theaters and then use to rescue the arts and culture sector from the brink of collapse. Announcing the move, the chancellor tweeted the show must go on. He will outline his next steps for the economy on wednesday. The next key date for frexit progress according to one of europes biggest fi