Treasury Hires Citigroup, JPMorgan to Sell GM Stake
Jan. 16 (Bloomberg) -- The U.S. Treasury Department chose Citigroup and JPMorgan Chase to manage the sale of shares in General Motors Co., as the government works to disentangle itself from the biggest U.S. automaker following the $50 billion bailout that began in 2009. Matt Miller reports on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
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How U.K. Investment Managers are Dealing With Brexit
08:48 - International investors are growing cold on U.K. government bonds. Managers with more than $4 trillion, including Pioneer Investment Management and Old Mutual Global Investors, say the fallout from the Brexit vote is making them more bearish. With no quick answers in sight to the plethora of challenges the U.K. faces in carrying out its June vote to leave the European Union, gilts are being hurt by a plunging pound, monetary policy clashing with higher inflation, and the government’s thus-far unclear stance on negotiating Brexit. Seneca Investment Managers Chief Investment Officer Peter Elston discusses with Anna Edwards on "Bloomberg Daybreak: Europe."