Cost Cuts and Asset Management as Banking Saviors

Christopher Wheeler, bank analyst at Atlantic Equities, and David Stubbs, global market strategist at JPMorgan Asset Management, examine banks' use of cost cutting and asset management to combat declining revenues, preview results from Goldman Sachs, and look at what lies ahead for banks through the rest of the year. They speak on "Bloomberg Surveillance." (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (08/16)
21:42 - Bloomberg Daybreak: Americas hosted by David Westin and Jonathan Ferro. Guests include Jon Beinner, co-head of global fixed income at Goldman Sachs Asset Management, Shawn Golhar, head of public policy research at Barclays Capital, and Rep. Tom Reed, a member of the House Ways and Means Committee and a Republican from New York. (Source: Bloomberg)
  • Full Show: Surveillance (08/16)
  • Germany's Feel-Good Economy Blunts Schulz's Pitch
  • Full Show: What'd You Miss? (08/15)