Fed Approves New Capital Rules in Line With Basel
July 2 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke, Fed Governors Daniel Tarullo and Elizabeth Duke, Michael Gibson, director of the Fed's Division of Banking Supervision and Regulation, and Ann Lee Hewko, a deputy assistant director, speak at a Fed meeting in Washington about a proposed leverage ratio minimum for banks that would exceed the 3 percent requirement set by the Basel Committee on Banking Supervision. (Source: Bloomberg)
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
27:27 - Bombardier has announced it will slash 7,500 jobs during a second round of job cuts within the past 8 months. Bloomberg Intelligence Analyst George Ferguson explains whether these cost saving measures were necessary as the struggling aircraft maker awaits $1 billion in federal aid from the Canadian government on Bloomberg TV Canada's The Daily Brief. (Source: Bloomberg)