The bulls eye on target as the retailer has its Earnings Report since it suffered a Security Breach during the massive holiday season. U. S. Senate Panel Investigating tax evasion has accused Credit Suisse of using cloak and dagger tactics that belong in a spy novel. It alleges c. S. Bankers made 150 trips to the u. S. Between 2002 and 2000208 orchestrate a large scale tax evasion scheme. Some of the things Credit Suisse is accused of operating remote controlled lifts, and bankers accused of filing false visa applications pretending they were tourists and advising clients how to dodge u. S. Tax laws. The Senate Hearing kicks off late today, shares trading at the bottom, just down just over 3 in trading today. The firm came out to say it considers its insurance policies for wealthy u. S. Citizens to be tax compliant. Credit suisse has been preparing for investigations into its products known as insurance wrapper wrappers. The long arm of the u. S. Treasury, by the way good morning, ever
But, normally, we dont do three pams. So you may only have to face my weathering crossexamination this afternoon. But, again, welcome to all of these these are all quite important positions. So, to begin with introductions, michelle se surks son has served as ambassador since 2012. She served as chief admission in baghdad, iraq and u. S. Ambassador to the uae. She holds the rank of career minister and Foreign Service. Her early assignments include Services Principle Deputy Assistant secretary of state for south Asian Affairs and positions in pakistan, india, cameroon, banine, togo and haiti in the 32 years since 194 the. Shes the mother of two grown daughters. They have served a huge service of their professional career. Proudly rep sent the United States as they do their business and raise their families abroad or are ambassadors in a different way. A head of Business Development for investment management, he also serves as a member of the United States Holocaust Memorial council. His
To buy the l. A. Clippers. And investors dont sell in may, european stocks are ending the month near their best levels in more than six years, boosted by another record close on wall street. Youre watching Worldwide Exchange, bringing you Business News from around the globe. Welcome to Worldwide Exchange again. Lets get to one of our top stories, straight away, shares in pnb paribas tumbling after a wall street journal reports that the french lender could be hit with a 10 billion fine over allegations it evaded u. S. Sanctions against a number of countries, including iran. In the last few minutes the bank of france says its following the case very closely. Stephan is in paris. This dwarfs the amount of provisions theyve made. My key concern is what this could mean for the operations in the u. S. Going forward potentially, too. First of all, lets put the numbers into perspective. Youre right, 10 billion, much higher than what bnp paribas reported as profit. Its already much higher than
Chinas Economic Growth will slow dramatically in less than a decade. Heres jim on china. When i wake up in the morning we keep an eye on china because i think it is the engine for global growth, whether or not you believe in the numbers or not. I think it is the largest credit bubble going on the markets the globe right now and one of the large knells history. The Chinese Government has signaled it will tolerate slower Economic Growth this year by refusing broad stimulus action. Facebook may be looking to increase its influence in chin. Zucker berk just joined the board. They plan to expand their presence in china despite being blocked there since 2009. And microsoft is launching new features for its azure cloud service. Cablation an with collaboration with ell, also announced papes with cordera and cloud. Now, to arlene. It has been a big day for apple. The company eats new big data system am pay is live. Now Fourth Quarter earnings are blowing past estimates. Revenue in the quarter,
A report says that their growth will slow it must than a decade. Wake up, we keep an eye on china, because it is the engine for global growth. Whether you believe the numbers are not, i think it is the largest credit bubble going on in the global right now, one of the largest in history. Strong words. The government says that it will refuse broad stimulus action. Facebook may be looking to increase influence in china. Joined the business goal. Leased spacently in beijing and plans to expand in china despite being blocked in the country since 2009. And microsoft is launching new features for its azure cloud service. Including a partnership with dell for a new hardware offering. They also announced partnerships with cardera and cloud. And a new marketplace where users can shop for features. Now, to our lead. It has been a big day for apple. The companys new big data system apple pay is live. Now Fourth Quarter earnings are blowing past estimates. Revenue in the quarter, 42. 1 billion, a