Australia Banks' Bad Debt May `Tick Up,' Fenton Says

Sean Fenton, a portfolio manager at Tribeca Investment Partners in Sydney, talks about Australian banks.

National Australia Bank Ltd. (NAB), owner of the U.K.’s Clydesdale Bank, set aside more money for loans that might sour after cutting economic expectations at home and in the U.K. Fenton also discusses Europe's sovereign debt crisis, Federal Reserve monetary policy, and China's economy. He speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

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