Good Opportunities in the Short Term: Koesterich
Oct. 17 (Bloomberg) –- BlackRock Chief Investment Strategist Russ Koesterich discusses the global ramifications of the last-minute deal by the senate to suspend the debt ceiling and how he’s advising his clients to play the uncertainty with Susan Li on Bloomberg Television’s “First Up.” (Source: Bloomberg)
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Are Negative Rates the Cause of Europe's Banking Woes?
57:31 - Global banking regulators need to make sweeping changes to proposed new rules to protect European Union lenders against a spike in capital requirements, said Valdis Dombrovskis, the bloc’s financial-services chief. The Basel Committee on Banking Supervision should rework planned restrictions on how banks use internal models to estimate risks from real-estate loans as well as corporate and infrastructure lending, Dombrovskis, a vice president of the European Commission, said in Brussels on Thursday. Banks have warned that the proposals on how they assess credit, operational and market risk would lead to hundreds of billions of dollars in additional capital charges. Sarasin & Partners CIO Guy Monson discusses the outlook for banking with Bloomberg's Francine Lacqua on "The Pulse."