Geithner Gave Libor Recommendations to U.K.

July 25 (Bloomberg) -- U.S. Treasury Secretary Timothy Geithner says he gave "detailed" recommedations on Libor to U.K. regulators. He testifies about the Financial Stability Oversight Council's annual report before the House Financial Services Committee in Washington. (This is an excerpt from the hearing. Source: Bloomberg)
Bank Profitability Declining in Europe: Morilla-Giner
52:38 - 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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