Can't Fathom Glencore Xstrata's Value: King

May 3 (Bloomberg) -- Max King, portfolio manager at Investec Asset Management, talks with Francine Lacqua about Glencore Xstrata's first day of trading for the combined company, the state of European banks and his investment strategy. He speaks on Bloomberg Television's "On The Move."
Setting the Scene: The State of Banking with Andrea Orcel
06:59 - UBS Chief Executive Office Andrea Orcel speaks at Bloomberg Markets Most Influential Summit 2015 in London. Orcel told Bloomberg’s Jonathan Ferro that regulation “continues to bite,” has made business “a lot more difficult” because consequences of mistakes are “a lot more dramatic.”
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