No Jail Time: Will BofA Settlement Deter Risky Behavior?
Aug. 21 (Bloomberg) –- Morrit Hock & Hamroff Partner Randy Zelin and Bloomberg’s Keri Geiger discuss Bank of America agreeing to pay $16.65 billion to end federal and state probes into mortgage bond sales. They speak on “Street Smart.” (Source: Bloomberg)
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Mongolia Reaches Agreement With IMF
15:00 - Mongolia reached an initial agreement with the International Monetary Fund for a three-year program that includes a $440 million loan package as part of a $5.5 billion bailout to help the north Asian country with looming debt repayments. IMF Mission Chief to Mongolia Koshy Mathai explains the agreement on "Bloomberg Daybreak: Asia." (Source: Bloomberg)