Obama Said to Name Lew Tomorrow to Replace Geithner
Jan. 9 (Bloomberg) -- President Barack Obama plans to name White House Chief of Staff Jack Lew tomorrow as his choice for Treasury secretary, replacing Timothy F. Geithner, a person familiar with the process said. Hans Nichols reports on Bloomberg Television's "In The Loop." (Source: Bloomberg)
Most Recent Videos
Could the Euro Benefit from Pressurized Banks?
50:31 - Pressure on Deutsche Bank AG has increased since the lender revealed two weeks ago the U.S. Justice Department is asking for $14 billion to settle a probe tied to residential mortgage-backed securities the bank traded before the 2008 financial crisis. Amid concerns about the bank’s finances, about 10 hedge funds that use its prime brokerage service moved part of their listed derivatives holdings to other firms this week, according to an internal bank document Bloomberg News has seen. Bank of America Merrill Lynch Head FX Strategy Athanasios Vamvakidis discusses the risks facing the banking sector with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."