Who Is Warren Buffett’s Favorite Banker?

Aug. 8 (Bloomberg) -- Byron Trott, former investment banker at Goldman Sachs and co-founder of BDT Capital Partners LLC, has made a career out of working with some of the world's largest family businesses. Bloomberg’s Jeff McCracken reports on “In The Loop.” (Source: Bloomberg)

New Dawn for China as Yuan Joins Majors
26:29 - The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the strides China has made integrating into a global economic system dominated for decades by the U.S., Europe and Japan. The yuan weakened in offshore trading amid speculation China’s central bank will rein in intervention. PBOC Deputy Governor Yi Gang said at a briefing the long-term goal is for very few interventions, adding that bigger two-way fluctuations are normal.
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