Deutsche Bank is half the size of the Germany economy, but its foundations are shaking due to huge fines, disappearing profits and a share price collapse.
Germany’s biggest lender, Deutsche Bank, insists it doesn’t need a government bailout amid reports of a rescue plan in case it can’t pay off fines owed to the US.
University of Chicago Booth School of Business Professor Luigi Zingales and Bank of America Merrill Lynch Head of Global Rates Research David Woo discuss the plight of European banks and the future of the European Union. They speak on “Bloomberg Surveillance.”
In another fallout from the Brexit referendum, London’s position as Europe’s primary financial hub seems to be under threat. And cities such as Paris, Frankfurt and Dublin are eager to hasten its fall by luring in big business.
Top secret deals in Panama allows the rich to build vast banks of hidden wealth. Kings, criminals, presidents and prime ministers have been outed for dodging the rules and having assets stashed in tax havens abroad.
Imagine a world where you have to pay to deposit money into your bank account. As crazy as it sounds, if you live in the Eurozone or even in Japan, then you’re already living in a region where this very scenario exists. Also, another take on Apple vs. the FBI as well as the how the hospitality business is adapting to survive.
There are now over 6,000 ETFs on 60 exchanges and ETFs exist for everything from corporate bonds to gold bars to oil futures. Like the USB port or a gas pump, ETFs have basically standardized the entire universe of investing so that everything under the sun now trades like shares of Apple. But what, exactly is an ETF and why have they become so popular? Bloomberg explains in this short video.
Larry Summers proposed eliminating high denomination currency to help curb illegal cash transfers. Here’s how to carry $1 million.
Banks are even bigger today than they were in 2008 when they were already … “too big to fail”. Has anything changed? Watch as Bloomberg’s Yalman Onaran explains.
This video is part of a new series which introduces the IMF’s Financial Operations. The video provides a brief overview of the IMF’s financial organization, its policies, and lending arrangements.
The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the progress China has made integrating into a global economic system dominated for decades by the U.S., Europe and Japan.
Lena Komileva, managing director and chief economist at G+ Economics, and Bloomberg’s Will Kennedy discuss the turbulent week for Glencore and outflows in emerging markets. They speak to Bloomberg’s Anna Edwards on “Countdown.”