Fed to Test Banks on Rate Rise, Housing Collapse

Nov. 1 (Bloomberg) -- The Federal Reserve said it will examine how the biggest banks might react to a jump in long-term interest rates and another housing crash as it released the next round of stress-test scenarios designed to monitor the ability of the U.S. financial system to withstand economic shocks. The Fed said 12 additional banks will be subject to the capital review, joining 18 banks that have been previously tested. Peter Cook reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)

EU's Lambsdorff Sees 3-5 Years of Brexit Uncertainty
21:57 - European Parliament Vice President Alexander Lambsdorff talks about expectations for the start of Brexit negotiations, the future of the European financial industry, and making an example of the U.K. for other nations. He speaks with Bloomberg's Matt Miller on "Bloomberg Surveillance." (Source: Bloomberg)
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