Iberdrola Plans $6.5B Asset Sale to Cut Debt Burden

Iberdrola SA, Spain’s largest utility, plans to cut about 4 percent of its workforce and sell assets worth as much as 5 billion euros ($6.5 billion) by 2014 to reduce its debt.

Deutsche Bank and the Troubles in European Banking
24:10 - Christopher Wheeler, bank analyst at Atlantic Equities, and David Stubbs, global market strategist at JPMorgan Asset Management, discuss the parts of Deutsche bank that may be sold off and the dichotomy between European economic performance and the banking industry. They speak on "Bloomberg Surveillance." (Source: Bloomberg)
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