William Cohan on Wall Street Cuts, Deutsche Bank

Dec. 6 (Bloomberg) -- William Cohan, author of "Money and Power: How Goldman Sachs Came to Rule the World" and a Bloomberg View columnist, talks about the outlook for further Wall Street cost cuts and dismissals following Citigroup Inc.'s announcement yesterday that it plans to eliminate 11,000 positions. Cohan also talks about a report in the Financial Times that three former Deutsche Bank AG employees told U.S. regulators that the German lender covered up paper losses during the financial crisis. He speaks with Tom Keene, Sara Eisen and Scarlet Fu on Bloomberg Television's "Surveillance." (Cohan is a Bloomberg View columnist. The opinions expressed are his own. Source: Bloomberg)
Charting the Impact of China’s Shrinking PMI
40:46 - China’s Purchasing Managers’ Index fell to the lowest reading in three years as monetary easing failed to revive old growth drivers weighed by overcapacity and sliding prices. Bloomberg’s Mark Barton looks at the impact on Asia stocks, the Australian dollar and crude oil on “The Pulse.”
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