Regulators List China’s ICBC as Too Big to Fail
Nov. 12 (Bloomberg) –- Bloomberg’s Mia Saini reports on why global regulators listed China’s ICBC as too big to fail. The bank now has to pay a 1% surcharge of their risk weighted assets. She speaks to Angie Lau on Bloomberg Television’s “First Up.” (Source: Bloomberg)
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
49:59 - Bombardier has announced it will slash 7,500 jobs during a second round of job cuts within the past 8 months. Bloomberg Intelligence Analyst George Ferguson explains whether these cost saving measures were necessary as the struggling aircraft maker awaits $1 billion in federal aid from the Canadian government on Bloomberg TV Canada's The Daily Brief. (Source: Bloomberg)