Hong Kong Small Business Vanishes With Soaring Rent
April 2 (Bloomberg) -- Rents are climbing in neighborhoods near Hong Kong's Causeway Bay and other prime shopping districts, known for luxury stores that attract free-spending tourists from mainland China. That’s squeezing out mom-and-pop shops, congee and noodle vendors and other small businesses as developers and landlords seek to profit from the trend. Bloomberg's Brent O'Brien reports. (Source: Bloomberg)
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Wells Fargo CEO: 'We Should Have Done More Sooner'
34:13 - John Stumpf, chief executive officer at Wells Fargo & Co., discusses his knowledge of the opening of accounts without customer authorization and says he knows today they "should have done more sooner." He speaks with Rep. Maxine Waters, a Democrat from California. (Source: Bloomberg)