Budget Talks Regress, White House Tells Businessmen
Dec. 19 (Bloomberg) -- Obama administration officials told leaders of business and financial services groups that budget negotiations with House Speaker John Boehner have deteriorated in the last 24 hours, according to a person familiar with the meeting. Hans Nichols reports on Bloomberg Television's "Taking Stock." Pimm Fox also speaks. (Source: Bloomberg)
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Are Negative Rates the Cause of Europe's Banking Woes?
57:24 - Global banking regulators need to make sweeping changes to proposed new rules to protect European Union lenders against a spike in capital requirements, said Valdis Dombrovskis, the bloc’s financial-services chief. The Basel Committee on Banking Supervision should rework planned restrictions on how banks use internal models to estimate risks from real-estate loans as well as corporate and infrastructure lending, Dombrovskis, a vice president of the European Commission, said in Brussels on Thursday. Banks have warned that the proposals on how they assess credit, operational and market risk would lead to hundreds of billions of dollars in additional capital charges. Sarasin & Partners CIO Guy Monson discusses the outlook for banking with Bloomberg's Francine Lacqua on "The Pulse."