King: Barclays Was in State of Denial
Bank of England Governor Mervyn King said the Barclays Plc board was in “something of a state of denial” on the bank’s management. He spoke in a testimony in Parliament today in London.
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
30:40 - Bombardier has announced it will slash 7,500 jobs during a second round of job cuts within the past 8 months. Bloomberg Intelligence Analyst George Ferguson explains whether these cost saving measures were necessary as the struggling aircraft maker awaits $1 billion in federal aid from the Canadian government on Bloomberg TV Canada's The Daily Brief. (Source: Bloomberg)