Can Banks, Investors Move On From Fines and Probes?

July 2 (Bloomberg) -- Thomas Michaud, Chief Executive Officer at Keefe, Bruyette & Woods, and Adam Parker, chief U.S. market strategist at Morgan Stanley, examine the impact on banks and investors from probes and fines brought by the U.S. government and whether or not they will bring about change in the industry. They speak on “Bloomberg Surveillance.”

Carlyle's Profit Declines 57% on Slow Asset Sales
27:51 - Carlyle Group LP said fourth-quarter profit declined 57 percent as asset sales slowed and its holdings didn’t appreciate as quickly as a year earlier. The firm said it will buy back as much as $200 million in its stock. (Source: Bloomberg)
  • Intesa CEO Messina Says Market Is 'Absolutely Crazy'
  • Morning Meeting: Goldman Sachs' Abandoned Calls
  • What to Expect From Janet Yellen's Testimony