IMF Sees Euro Banks Facing $4.5 Trillion Sell-Off

The International Monetary Fund said European banks may need to sell as much as $4.5 trillion in assets through 2013 if policy makers fall short of pledges to stem the fiscal crisis, up 18 percent from its April estimate.

Ties With Iran Spark Dispute in Gulf
36:36 - A United Arab Emirates minister said Gulf Arab monarchies are going through a “severe” crisis, an apparent reference to a spat between a Saudi-led alliance and Qatar over ties with Iran. Bloomberg's Riad Hamade reports on "Bloomberg Markets: Middle East." (Source: Bloomberg)
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