Alibaba's Billionaire Founder Steps Down as CEO

Alibaba Group Holdings Ltd.’s billionaire founder Jack Ma will step down as chief executive officer, stoking speculation that China’s largest e-commerce company is preparing for an initial public offering.
Bank Profitability Declining in Europe: Morilla-Giner
36:56 - Banks' profitability is declining in Europe as Tier 1 capital is built up and they become safer institutions, according to Pau Morilla-Giner, chief investment officer of London & Capital Group Ltd. He spoke in an interview with Jonathan Ferro on Bloomberg Television's "On the Move." Bloomberg's Julia Verlaine also took part in the discussion. (Source: Bloomberg)
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