Burns Says U.S. Needs 'Smoking Gun' in S&P Suit
Feb. 6 (Bloomberg) -- Douglas Burns, a former federal prosecutor, and William Cohan, author of "Money and Power: How Goldman Sachs Came to Rule the World" and a Bloomberg View columnist, talk about officer of Better Markets, talk about the U.S. lawsuit accusing McGraw-Hill Cos. and its Standard & Poor's unit of fraud. They speak with Stephanie Ruhle on Bloomberg Television's "Market Makers." (Cohan is a Bloomberg View columnist. The opinions expressed are his own. Source: Bloomberg)
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BNP Paribas 2Q Net Profit Beats Estimate
54:57 - BNP Paribas SA, France’s largest bank, posted second-quarter profit that was little changed as a surge in bond trading was offset by a drop in equities and low interest rates hampered consumer banking. Net income was 2.56 billion euros ($2.8 billion), up 0.2 percent from a year earlier, the Paris-based bank said in a statement Thursday, That’s above the 2.2 billion-euro average estimate of seven analysts compiled by Bloomberg. The bank recorded pretax gains from exceptional items, including selling its stake in Visa Europe, of 285 million euros, about the same as last year’s level. Chief Financial Officer Lars Machenil discusses earnings with Bloomberg's Caroline Connan.