SEC Money Market Plan Gets Fed's Dudley's Backing
Aug. 15 (Bloomberg) -- Bloomberg's Mike McKee reports that William Dudley, president of the Federal Reserve Bank of New York, said new rules are needed to protect the financial system from a run on money-market mutual funds, lending his support to a regulatory overhaul proposed by U.S. Securities and Exchange Commission Chairman Mary Schapiro. He speaks on Bloomberg Television's "Market Makers."
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BNP Paribas Rides Bond Trading Surge to Profit Beat
52:49 - BNP Paribas reported second-quarter profit that topped analysts' estimates on a surge in bond trading that outweighed a fall in equities. Bloomberg's Caroline Connan recaps her interview with Chief Financial Officer Lars Machenil on "Bloomberg ‹GO›." (Source: Bloomberg)