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.
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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)