Bove, Breeden, Dorgan, Krawcheck on Bank Industry
Sept. 13 (Bloomberg) -- Richard Bove, an analyst at Rochdale Securities, Richard Breeden, chief executive officer at Breeden Capital Management LLC, Byron Dorgan, senior policy advisor for Arent Fox LLP, and Sallie Krawcheck, former head of Bank of America Corp.'s wealth-management division, participate in a panel discussion about the state of the banking industry and outlook for regulation. Bloomberg’s Robert Friedman moderates the panel at the Bloomberg Markets 50 Summit in New York. (Source: Bloomberg)
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What's Causing Concern in China's Banking Sector?
57:49 - China’s central bank watchers have something new to puzzle over. The People’s Bank of China sold 50 billion yuan ($7.5 billion) of 14-day reverse-repurchase agreements on Wednesday, its first offering of anything with a tenor other than seven days since February. Officials are signaling they’re ready to curb leverage in the bond market by making it less profitable for investors borrowing to buy 10-year debt, according to Oversea-Chinese Banking Corp. and Haitong Securities Co. For Natixis SA though, the move shouldn’t be interpreted as anything other than an effort to build out a short-term yield curve. Manulife Asset Management Chief Economist Megan Greene discusses with Bloomberg's Anna Edwards on "Countdown."