A New Scrutiny on Swiss Banks

After decades of promoting secrecy as their prime selling point in Asia, Swiss private banks are now discovering those days are over. The shutting down Falcon Bank and BSI on fraud charges linked to 1MDB highlights how they must now be more open about how clients made their wealth. Bloomberg's Haslinda Amin reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)

Mervyn King Is Not a Great Fan of Forward Guidance
48:44 - Former Bank of England Governor Mervyn King discusses the Federal Reserve's reaction function and the usefulness of forward guidance. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
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