Phil Gramm on Banking Regulation, U.S. Election

Sept. 10 (Bloomberg) -- Former U.S. Senator Phil Gramm, a Texas Republican who helped write the 1999 law that enabled the creation of financial institutions such as Citigroup Inc. and Bank of America Corp., talks about the outlook for the 2012 presidential election and the banking industry. He speaks with Erik Schatzker and Stephanie Ruhle on Bloomberg Television's "Market Makers." (Source: Bloomberg)

UBS Suffers a Decline in Wealth Management Profit
37:53 - UBS reported a drop in wealth-management profit for the third quarter, prompting a continuation of cost cuts by Chief executive Officer Sergio Ermotti. Bloomberg Intelligence's Arjun Bowry reports on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
  • Amazon Spends Big, Putting Investments Before Investors
  • Fenby: Xi Most Powerful Chinese Leader Since Mao
  • The Economic Signals Behind the Global Bond Selloff