Monday, when we had 97 basis points. Some of the risk on currencies not necessarily reacting as they should, like the euro. We will break that down over the next couple of hours as the market digests the news and what it means Going Forward as cases pickup. Now we welcome our tv viewers andradio listeners, modernas ceo. The biggest question that it seems like people have is why does your vaccine require less cold storage then pfizer, key to distribution . Good morning, and thank you for having me. I think it goes back to the fact that we have been working on mrna vaccines for more than 10 years. That you mentioned, it is the first time they are doing an Infectious Disease vaccine. Over the years, we have invested heavily in science, and process develop and that allows us to have much better storage conditions than what we had five years ago. Guy this is really important because it is going to have a huge impact on distribution. How much of an effect will that stability at a higher temp
Welcome to the pulse. We are live in london. Im guy johnson. I am francine lacqua. Lets get to our top stories. 3. 3 billion. Regular dinners regulators banks 3. 3 five billion dollars to settle a probe into Exchange Rate rigging. Great to have you on the program. Give us a sense of how much this was actually expected. We published of 2013 that outlined problems with the benchmark, the focus of the fines today, and suggested that traders were regularly communicating ahead of these fixes. They were aligning their positions and attempting to manipulate the fixes. Here is more detail if anything is more egregious than anticipated, interested banks to work would Work Together to rig benchmarks to maximize their profits. It is the same old story in that respect. One name that really stuck , that was being there barclays. What is going on with barclays . It is a bit of a moving feast. We were under the impression that barclays was going to settle. Something changed recently. An interesting p
Hello and welcome to countdown. I am mark barton. I am anna edwards. And i am manus cranny. 20 of news on the banking sector. The regulator in the u. S. The first to break its cover on this given the details of who they are going to be finding. They have ordered five banks to pay more than 1. 4 billion in an fx probe. Citibank, hsbc, jpmorgan, rbs, and ubs will pay a fine. Not said anything about any conversation they may or may not have had with barclays on this. The banks have said they will cease and desist for further violations, according to the cftc. Some fx traders and banks court knitted coordinated their trading with others. Banks failed to assess risk with cftc is goingthe into detail and word from the u. K. As well. We have got to figure the figure is 1. 1 billion pounds. Before the release a few minutes ago, analysts said that the six , barclays, citigroup, hsbc, royal bank of scotland, ubs, barclays has not been mentioned today. That the fines would total 1. 5 billion. If