Davies: Clear Balance Sheets or Risk the Consequences

Howard Davies, chairman at RBS, discusses the need to clear bank balance sheets and the prospect of long-term negative interest rates as a consequence of doing nothing. He speaks with Bloomberg's Tom Keene on "Bloomberg Surveillance." (Source: Bloomberg)

Full Show: Surveillance (09/18)
38:34 - Bloomberg Surveillance hosted by Tom Keene and Francine Lacqua. Guests include Anthony Crescenzi, portfolio manager at Pimco, Stewart Butterfield, chief executive officer at Slack, and Jan Dehn, global head of research at Ashmore Group. (Source: Bloomberg)
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