Why Building Blocks of Bank Profits are Under Pressure
Credit Suisse Group AG unexpectedly returned to profit in the second quarter, with all operating units contributing to its first positive result since Chief Executive Officer Tidjane Thiam set out to overhaul the Swiss bank. BNP Paribas SA, France’s largest bank, posted second-quarter profit that was little changed as a surge in bond trading was offset by a drop in equities and low interest rates hampered consumer banking. Aviva Investors Chief Executive Officer Euan Munro discusses the banking sector with "On the Move" hosts Manus Cranny in London and Caroline Hyde in Berlin.
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BSP Holds Rates With Inflation on Target
32:22 - The Philippines kept its benchmark interest rate unchanged at a record low of 3% as policy makers see inflation within their target range. Bloomberg's Nasreen Seria reports on "Bloomberg Markets: Asia." (Source: Bloomberg)