Banks in greece may soon be facing the European Central bank reportedly looking at limiting emergency liquidity assistance. Proposals that would raise the discounts imposed on collateral securities when the bank of greece makes loans. The steps will be taken if greece does not reform its economy to get bailout money. A former ecb president says the rest of europe is waiting for greece to act. We have to be realistic. It all depends on the maturing of the position of the greek government. If it wants to deliver growth and jobs which is the main goal of that government it has to produce a recovery program. Betty european ministers are scheduled to meet on friday. The banks said a key measure of financial strength fell in the First Quarter. It may need to boost capital. The ceo. In the businesses where we are focused, we are doing well. The credit business, which was more difficult for the industry in the quarter, emerging markets, those are businesses that are power alleys for us and we
The ceo making some comments, saying they did not finish as strongly as they would like, but part of it is the expense reduction role. That has been a big scene for all the big banks now. The common ratio of 10. 5 . Citigroup says it is committed to achieving its financial target for 2015. Shares are down in early trading. Lets bring in bill. You have been studying banks as an author for the past decade. To be investor, the numbers feel like a disappointment. Based on the way you look at the world, city is a bank to be fact the ceo the is trying to go back to the basics. I know the former republican nominee mitt romney said corporations are people. I do not know if we need to be praising individual institutions, but i think while these banks will be struggling to figure out what the new environment is and how to work with the new environment and make money with the new environment, this could actually be the golden age of all straight. If you think about it, what is really going on . T
One, there is a long backorder. On vacation. I am going skiing tomorrow. The news feed. Cessna owner textron buys beechcraft. Billion deal will help textron encounter a slump in business jet sales. Cessnast complements product line. Aircraft sales account for about 60 of textrons sales. Gm recalling 1. 5 million vehicles in china. Regulators say there is a defect in the fuel pump bracket that can cause gas leaks. The Retail Stores on december 30. Gm operates in china with s a i motors. The turkish firm that owns godiva chocolates is gobbling up the firm that makes chocolate pretzels. Demets,21 million for that was owned by a connecticut buyout firm. The big stock stories twitter. Shares have exploded. Around 70 . If you look at the chart, you can see that there is a debt at the end. End. Dip at the about 5 , analysts downgraded it to the equivalent of a cell a sell. Our next guest agrees. Larry, you do not actually own twitter. Hoodie no. Prospectsl business are good but you do not wan
Alibaba and his personality impact the company . Here is a check on the bloomberg headlines. Tesla reports a 50 million loss. Revenue was up 27 . It delivered more than 6400 models of the s sedan. Deliverieshina bound have slow shipments in the current quarter. The stock is down in afterhours. From khan is retiring apple comm. She helped deal with the media. Apple tells bloomberg west that katie has given her all in her 18 years. We are going to miss her. Down on acracking socalled bloggers law. They require any website with more than 3000 users to register with the government. Bloggers also cannot remain anonymous and will be held accountable for the accuracy of their site. Now to the lead story of the day Marissa Mayer talks all things yahoo and a little bit of alibaba. Among the hot button topics she covers is the yahoo stake in and whether its acquisition spree is paying off. She could not talk specifically about alibaba, she gave a hint about what the Company Might do with its cas
Last month. Becoming cup is fast one of the most popular events in the United States thanks in part to technology. 46 of americans are watching and at least six percent are watching online. Soccer fans are also twice as likely to watch matches online and fans of other sports. Our lead story of the day, for the second time in three weeks, there is a major shakeup in twitters Top Executive ranks as the company tries to boost user engagement. Twitter has named former Goldman Sachs anchor anthony noto as its new cfo. He led the twitter ipo and has a background including serving as the cfo of the nfl, a west white bread, spent some time in the middle east in the army. Gupta, wholace mike will stay on as Senior Vice President of strategic investments. This comes weeks after reports of a power struggle. Todays news is sending the shares of twitter higher. Cory johnson is with me in the studio. From san diego is paul kedrosky. In l. A. , jon erlichman. Tell us more about anthony noto. Obviousl