Pfizer, Allergen Deal at Risk Over New Tax Rules

Pfizer Inc. is scrambling to save its planned $160 billion merger with Allergan Plc, which is at risk of falling apart amid the latest U.S. crackdown on corporate inversions, according to people with knowledge of the matter. Bloomberg Intelligence's Elizabeth Krutoholow reports on "Bloomberg Markets." (Source: Bloomberg)

SocGen's Bini Smaghi Wants European Banks to Be Larger
20:30 - Lorenzo Bini Smaghi, chairman at Societe Generale, discusses the need for bank consolidation and clarity on regulations. He speaks with Bloomberg's Francine Lacqua at the Bloomberg European Banking Conference on "Bloomberg Surveillance." (Source: Bloomberg)
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