UPDATE: Italy's Surprise Bank Tax & US Banks Downgraded

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Italy's government agrees a new tax on the "extra profits" of banks.

(2) Moody's downgrades 10 US banks as borrowing costs rise.

(3) UK Politicians hit back at HSBC over 'weak' on China comments.

(4) Tesla's CFO quits after 13 years in the job.

See omnystudio.com/listener for privacy information.