Of the executive committee with allegations of corruption or being involved in inappropriate behavior. Beans that are processed through a cap. And, find out how the u. K. Is beefing up its naval power. First, we begin with a bloomberg exclusive. Jpmorgan may have unwittingly helped bnp paribas violate u. S. Sanctions according to a person familiar. Billionch bank paid 9 for processing dollar transactions for countries such as sudan. Jpmorgan has not been accused of any wrongdoing. Here with more is caroline hyde. Good morning. Walk us through the details. The saga continues. Bnp paribas has admitted guilt. 9 billion euros in terms of what they had to be fined. They were using jpmorgan as well. Unwittingly, jpmorgan was involved in this, helping hide billions of dollars of deals related to banks in sudan, cuba and the like. It was in 2004. Paribasutives in bnp came up with a plan to use jpmorgan. They had already caught the eye of u. S. Regulators. They promised that they would abide. H
I amrkham to countdown, mark barton. Stay with us. It is 7 30 london time. Cityll be talking to the the ceo of a smartphone app. Then we are joined by brazils ambassador to the u. K. As his country prepares to take on columbia for a place in the world cup semi finals. Change in the European Central bank. Is it a historic moment or is the ecb catching up with its peers . Covered the conference yesterday. He told us what to make of the move. I go with historic. It is about transparency, shaking up the methodology of communication. The art of communication. How often we hear from them. Im going to go to every six weeks, mark. That is because mario draghi wants to break the markets are racing towards markets move ahead of every meeting. Break that expectation. I setally thought that up and went, interesting. He wants to break the psychology of market. Is that what carney is doing with him i am raising, i am not raising. He is shaking it up. Ecb werd that the will have dry runs, whether it
World cup sponsors put pressure on fifa to make radical reforms on accusations of corruption. Referendum psychology, David Cameron asked britain to vote yes if it wants to stay in the european union. The Prime Minister heads to the eu to set out changes he is looking for in the uks relationship. Caroline good morning and welcome to countdown. Im Caroline Hyde. We bring you on the story of how he is bringing you the story. First, finance ministers and central bankers from the g7 nations met in dressed in today for the annual finance summit. Discussions on the Economic Growth and sustainability are on the agenda, but greece is turning out to be the talking point. Hans nichols is addressed and with more great this g7 meeting seems to be shaping up as a blame game. Hans there is going to be blame is there is no deal if there is no deal. They are quite far apart from a deal. Yesterday there was a flood in the market when news of a draft proposal was close. The eu shot that down and the fren
Zurich on the latest on the Corruption Scandal at fifa. The yen hit a 12 year low against the dollar earlier. On the back of what the fed can do this year. Interest rates. We have been hearing a lot from janet yellen building the case for a rate rise. That is sharpening the contrast with the bank of japans monetary stimulus. Yen currently at 1. 2365. In china, the shanghai comp close down 6. 5 . Fears of overheating. We just had news from a hong kong regulators saying that they have a formal intervention formal investigation. Lets quickly check on the euro as well. This relates back to what the fed will do, and what q. E. Has been doing and ongoing talks on greece. Every day it seems likely have someone else saying it is going well, not so well. 1. 0939. The Fifa Congress in zero has been overshadowed by the biggest Corruption Scandal in the organizations history. U. S. Prosecutors on sealed an indictment charging 14 people as well as guilty pleas for others that detail rampant corrupt
They are not governed by fifa. Tom i am learning every step of the way. Lets go to our top headlines. Vonnie everything that is or is to know you will know very soon. We will start with that story to u. S. Prosecutors wanted to know what role soccer played. Money pass through u. S. Banks including citigroup and jpmorgan. The banks have not been accused of wrongdoing. 14 people have been charged in the case. Nine of them officials with fifa. The japanese yen hit as 12 year low against the dollar today. The nikkei has risen for 10 days in a row. Once again, greece is sounding optimistic about a deal on bailout money. A government spokesman said that greece wants an agreement by sunday in a deal will be reached soon. The European Commission and the imf want greece to come up with a list of Economic Reforms before it gets money. They disagree. They say a deal is not close. Larry summers told bloomberg both sides will have to compromise. Sumemmers greece has got to get more serious and dete