He kement indefinite detention even though he closed guantanamo, which he was going to do. He would use it somewhere else, grown strike, massive surveillance, went beyond bush, like overseeing a crackdown on. Rose all of this calls you to say obama is no dove on National Security. He is certainly no dove, but the question is how did we get here what happened. Rose Brian Moynihan and Charlie Savage next. Funding for charlie rose is provided by the following and by bloomberg, a provider of multimedia news and Information Services worldwide. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Brian moynihan is here, chairman and c. E. O. Of bank of america. It is the nations Second Largest Bank. The company has completed a turnaround after eight years of costly litigation. It came from the financial crisis. The firm has also significantly paired back its Balance Sheet it has reduced noncore assets such as private equity and real estate busi
Now i would finish by saying a couple of words about banking unions. This is for the 18 countries in the euro zone. Weve made the European Central bank as the supervisor. It will directly supervise the largest 130 banks and then it can call up any of the other 6,000 or so if it suspects there is a problem. The whole of the eu that is all 28 Member States have the same regulations and rules for the Bank Supervision from the european supervisory agencies but the euro zone will make a further detailed supervision of its own but one suspects the Banking Authority is also charged with looking at that book to make sure they are coherent so we dont have Different Things going on whether you are inside or outside of the banking union. All the countries have their own Deposit Guarantee Scheme and we have the intensity mutual lies that in the zone that has failed at the moment. It doesnt conclude that hasnt at her because we have a common level of insurance and common system of rules and its all
Good morning, everybody. Welcome. Im a Senior Advisor here at the csis. Its good to see lots of Friendly Faces in the audience. For those of you new to the headquarters, i know some of our panelists, this is their inaugural visit, welcome. After the session, we will be having a reception. We hope you can join us. Welcome, again. We are being joined via wide stream on internet as well as cspan. Keep in mind youre on tv as well as we are. But were very excited to not only be hosting this pooanel entitled assets. I could not imagine a better set of experts to speak to the range of past, current and future i e issues and challenges. Let me set the stage, in part, because weve gathered about two years ago. In what was happening systemically in terms of dealing with highend corruption. These issues are not new, of course. News a these are issues and regimes that will be with us for a number of years. What we want to do today is talk about an International Community in the u. S. On dealing wi
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
Good morning. You are watching the pulse. Im guy johnson. We promised breaking news from the Central Banks and i said it would kick off with norway. The Norwegian Central Bank has cut its key rate by 25 basis points. That takes them to 1. 25 . That is the norwegian krone versus the swedish krona. A useful pair to look at in these scenarios. As you can see, we are seeing a sharp drop as a result of the news that is emerging from norway. A Central Bank Cut from the ritz bank. We kind of expected that we would get some news coming out, but we knew this was a possibility not fully priced into the crosses. There is one of the key crosses and it is down 1. 27 . Hour, we start to get the ecb coming out with news. The bank of england will be out with a pole. We hear from carney today as well. We have the Russian Central Bank coming out as well. The ecb news starts to kick off now. The real news is what the ecb is saying let me just run you through the details. Low for an extended period, Oil P