The Makeup Store That Began in a Banana Warehouse
May 9 (Bloomberg) –- UK luxury skincare company Space NK started in 1993 with just one store in a former banana warehouse in London. It now has stores across the UK and has cemented its reputation as purveyor of the finest cosmetics. Founder Nicky Kinnaird talks to Bloomberg's Anna Edwards. (Source: Bloomberg)
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Are Negative Rates the Cause of Europe's Banking Woes?
58:11 - Global banking regulators need to make sweeping changes to proposed new rules to protect European Union lenders against a spike in capital requirements, said Valdis Dombrovskis, the bloc’s financial-services chief. The Basel Committee on Banking Supervision should rework planned restrictions on how banks use internal models to estimate risks from real-estate loans as well as corporate and infrastructure lending, Dombrovskis, a vice president of the European Commission, said in Brussels on Thursday. Banks have warned that the proposals on how they assess credit, operational and market risk would lead to hundreds of billions of dollars in additional capital charges. Sarasin & Partners CIO Guy Monson discusses the outlook for banking with Bloomberg's Francine Lacqua on "The Pulse."