Losses. Hillary clinton takes on president obama saying she does not support his transpacific trade pact as she outlines her plan to take on wall street if she becomes a democratic candidate. The story of the day. Lets check in on european lenders and they paired back their losses at the start of the session. This is because germanys largest bank stunned investors by announcing a record 6 billion euro loss and in an exercise in what theyre calling kitchen sinking we have him outlining a slew of charges and write downs that may cost the company its dividend for this year. Total charges could top 6. 2 billion euros and this goes back to a lot of missteps when it comes to corporate banking. Right. Most comes from a 5. 8 billion euro investment charge on the Investment Banking side and private client business as well. Bank also set aside more funds for Legal Provisions and a write down on chinas bank. Those factors all coming together to surprise the market and carolyn has more on that. An
Inability to answer questio questions. Why it took 10 years to acknowledge default ignition switches. Lawmaker cite the documents that showed gm executives decided that fixg the problem posed what they call, yo an unape unae costin crease even though the replacement part parts casts a car. Our committee reviewed more than 200,000 pages of documents, we found that soon as cobalt hit the road in 2004, drivers began to complain to engag general mos that a cars system did not work properly. When switch for cobalt was built in 2002, gm knew that switch did not meet its specification for, to. Tork . Yes. Lou she then did not offer many other answers but she vowed to be fully transparent in future, when Committee Found unsatisfactory, some annoying. We have answers well be transparent. With you, with our regulators with our customers. Why in the world, would a company with the ste the stel ar reputation of General Motors purchase a part that did not meet its own specifications. I would like t
Inability to answer questio questions. Why it took 10 years to acknowledge default ignition switches. Lawmaker cite the documents that showed gm executives decided that fixing the problem posed what they call, yo an unape unae costin crease even though the replacement part parts casts a car. Our committee reviewed more than 200,000 pages of documents, we found that soon as cobalt hit the road in 2004, drivers began to complain to engag general mos that a cars system did not work properly. When switch for cobalt was built in 2002, gm knew that switch did not meet its specification for, to. Tork . Yes. Lou she then did not offer many other answers but she vowed to be fully transparent in future, when Committee Found unsatisfactory, some annoying. We have answers well be transparent. With you, with our regulators with our customers. Why in the world, would a company with the ste the stel ar reputation of General Motors purchase a part that did not meet its own specifications. I would like
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