Stay updated with breaking news from Michael ingram. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Of new rules. To make our Banking System more robust, one of the most significant changes takes effect across the eu today. With the unweildy name of mifid two, it aims to protect investors, giving them better value for money and make europes Financial Services industry more competitive. One of the biggest changes relates to the Research Investors use to decide which shares to buy and sell. It will now have to be charged separately rather than bundled with other Financial Services. To improve transparency, any party engaged in financial trades must now have a unique number known as a legal entity identifier. 368,000 of these were issued between october and december. But it will be expensive the industry is believed to be spending more than 2 billion impl ....
I am guy johnson. Caroline i am Caroline Hyde in london. We are talking about the markets because it is all about china for me today. We are looking at greece if we are looking at your. We have to look at the China Shanghai composition 3. 2 trillion dollars have been wiped off in terms of market capitalization in china. We have it down 30 in three weeks. Bank of america, morgan stanley, all warned of this bubble and now not only the internal investors but also outside investors, those looking from hong kong. Ipos has canceled funding. Guy what do you expect . Yesterday, we saw it close. At the end of the day, it was only up a tad and today we see a banking. Greece is the other story that we are watching. We want to know what is going to happen because there will be another busy day. The finance ministers are meeting in brussels. A new greek finance minister will be meeting the ....
Crudes the january brent prices. Will we see another cut . Days, in the next two donald trump will speak to the assembl ons General Assembly. And we have janet yellen, fed chair speaking. Jonathan we are focusing on the annual u. N. Assembly where President Trump will make his first and biggest address to leaders around the world. President trump has already condemned the u. N. For its bureaucracy and management. President trump in recent years, the United Nations has not reached its full potential because of bureaucracy and mismanagement. While the United Nations on a regular budget has increased by 140 , and its staff has more than doubled since 2000, we are not seeing results in line with this investment. Jonathan im pleased to welcome a special guest, tony bl ....
Why . Because of comments out of the delayed speech. Mark carney seemingly talking of holding off weight kite rate and weaknesses in domestic inflation pressure. This affects the u. K. Yield, so bonds are rallying. Up about. 1, but not seeing that correlation we usually see with the british pound. That seems to have broken down and barclays, down. 25. Four former executives charged of conspiracy to commit fraud. We will be taken that further as we go on. We have had a weaker day for the pound. This is on the back of england government saying they are worried about the impact of brexit on the economy and mark carney signaled they will not be rushing to raise Interest Rates. Given the mixed signals on Business Investment and Consumer Spending, and the inflationary pressures that are subdued and anemic wage growth, ....
It is down because net income declines and secondquarter operating income missed. An operating lost expected in the Third Quarter. Negative headlights as amazon continues to grow and powershares crippled to down a can someone percent. European banks in the spotlight in europe with lowball the theme. 70 increase in secondquarter profits for Credit Suisse and ubs, core equity tier one ratio the story which fell meaning there may not be a lob pass left over for a potential buyback. Eley banks still getting their house in order. Jonathan a man wearing the biggest smile with the stock up to several huge interviews on bloomberg tv, including from the Credit Suisse ceo and just daily, the berkeley berkeleys chief to. The republican attempt to scrap obamacare has collapsed in a earlymorning vote. John mccain and two other republica ....