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Francine welcome to the pulse. Live from bloombergs European Headquarters. And francine lacqua. Manus and i am manus cranny. We are joined by ubs senior economic adviser, George Magnus. Francine frances secondbiggest bank has posted its second its second its biggest profit since 2007. Manus she spoke exclusively to the banks ceo. This performance driven by trading. The capital is building as well. Investors like the story of the decision this morning. The shares are opening 9 . They like they say it they like the story of cost saving. Nextillion euros for the two years. Of capitalhe raising targets. Their ratio came out for the second quarter. From 10. 1 last quarter. They are planning to raise this target to 11 by the end of 2016. I sat down exclusively with the ceo and asked 10 how he could explain his performance in the second quarter. We actually have a strong set o ....
Ten years ago one of the norths greatest Success Stories hit the wall. Tonight in a special programme we ask, why did Northern Rock rumble . This was a barrack which had been frankly run into the ground. The bank of englands top man tells us the bank of englands top man tells us he was stopped from a secret rescue to save it. My advice was very clear, that we should not reveal publicly the fact that we were going to lend to Northern Rock. And we meet the people who paid the price of the collapse. I was devastated. I didnt know how we were going to manage, how we were going to turn, and just thinking my vision to give him the best life possible under the circumstances was just suddenly wiped away. Im Chris Jackson and this is inside out. Ten years ago, this was the sce ....
Wall. Tonight in a special programme we ask, why did Northern Rock rumble . This was a bank which had been frankly run into the ground. The bank of englands top man tells me he was stopped from mounting a secret rescue to save it. My advice was very clear, that we should not reveal publicly the fact that we were going to lend to Northern Rock. And we meet the people who paid the price of the collapse. I was devastated. I didnt know how we were going to manage, how we were going to turn, and just thinking my vision to give him the best life possible under the circumstances was just suddenly wiped away. Im Chris Jackson and this is inside out. Ten years ago, this was the scene outside Northern Rock branches all over the country. Customers were desperate to get their money ....
Fog greets us on monday morning. Showers will develop across central and eastern parts, the odd heavy on, temperatures in the high teens at best. Hello. This is bbc news. The headlines. Police investigating the london tube bombing have arrested a second man. Hes 21 and was detained in west london last night. The home secretary, amber rudd, says shes not surprised borisjohnson has set out his own vision of britain after brexit. She warned him against becoming a back seat driver. The un secretary general says myanmars leader, aung san suu kyi, has a last chance to end the military offensive thats forced 400,000 Rohingya Muslims to flee to neighbouring bangladesh. And Gennady Golovkins world middleweight title fight with saul alvarez ends in a controversial draw. Now on bbc news, inside out looks at the tenth anniversary of the collapse of nothern rock. Ten years ago, one o ....