Some Banks Need to Strengthen Balance Sheets: Alloatti
Hermes Fund Managers Senior Credit Analyst Filippo Maria Alloatti discusses the broader picture for banking with Bloomberg's Anna Edwards on "Countdown." Lloyds joined Deutsche Bank in posting first-quarter earnings that surpassed forecasts and the Bank of Japan held off on expanding monetary stimulus, as Governor Haruhiko Kuroda and his colleagues opted to take more time to assess the impact of negative interest rates.
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Full Show: Bloomberg Daybreak: Americas (08/16)
28:21 - 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)