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
What i perceive to be the great source of resistance is the sense that we allow people to make the choices of how children should be educated and it is a barrier that is hard to reach. Lets take the last question. Im from the university of san diego and my question is about education. The student loan rates are high. Do you see that taking into account the default risk and keeping College Affordable . It is racking up a lot of personal that. Is there a middle ground . Yeah. This is referring to the proposal by war and Elizabeth Warren to tie the Interest Rate to the federal fund rate and lower it to under 1 . Opponents argue that student loan borrowers are more risky than people who are dealing with the federal reserve. Be careful what you wish for. I have been around when the federal fund rate was in the high teens. We have competing objectives. We believe in increasing access to Higher Education and we believe that there is a Public Benefit to a Higher Education. When i was younger,
Head quarters in london. On the program, blink and youll miss it. We check out a car that can blocks each of nearly 300 Miles Per Hour. We give you an inside look on how businesses are faring. We begin with our top story. The bank of england Inflation Report. Mark carney had comments. When it will raise . We are joined with a preview. A reminder. Bring us up to speed on when we expect a rate rise. They say sometime in the Fourth Quarter of this year. The more dovish would say the First Quarter of next year. There was a great conversation on the table. They said they should have raised rates and they are coming from a low base. Take action and be ahead of the curve. Mpc, theyas on the would raise rates. They carry 140 that. Macrooes well with the economic outlook. You are looking at a set of data that is improving. I like what ubs said. They said it is about slack and the extra capacity in the economy. Capacitysurvey was on utilization. How much are you using up . Are they all going out
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