Banks in U.S. Hoard Most Profit in 7 Years

Oct. 8 (Bloomberg) -- Bank of America and Citigroup are among U.S. lenders collectively hoarding the largest share of their profits in seven years as stricter capital rules curb firms’ payouts to investors. Dominic Chu reports on Bloomberg Television's "In The Loop." (Source: Bloomberg)
Record Iron Ore Shipments Weigh on Price
28:37 - Iron ore exports from Australia’s Port Hedland climbed to an all-time high in June as mining companies in the world’s largest shipper increased low-cost output. Prices tumbled and producers’ shares fell. Bloomberg's Paul Allen reports on "First Up." (Source: Bloomberg)
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