Budget Impact, 4% Brexit Hit & Wall Street Capital Win

Budget Impact, 4% Brexit Hit & Wall Street Capital Win

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

On today's podcast:
(1) Chancellor Jeremy Hunt has handed millions of British workers a £10 billion a year tax cut paid for by stealing Labour's flagship policies and squeezing public services as he drew political battle lines for the upcoming election.

(2) Britain's budget watchdog said a hit to the economy from leaving the European Union is unfolding as it expected. The Office for Budget Responsibility says its long-running prediction is "broadly on track" to show a 15% fall in trade and a 4% reduction in the UK economy's potential productivity compared to if the UK had stayed in the EU.

(3) Wall Street banks are on the cusp of a sweeping regulatory victory after Federal Reserve Chair Jerome Powell signaled officials would scale back plans to make them hold more capital.

(4) A missile strike on a commercial ship in the Gulf of Aden resulted in the first confirmed deaths of crew members since Houthi militants began a wave of attacks against commercial shipping in one of the world's busiest sea lanes.

(5) Deutsche Bank has cut the bonus pool at its investment banking division by more than 10% after a slump in deals and a slowdown in trading last year.

See omnystudio.com/listener for privacy information.

Episoder(1046)

Big Banks To Pay For Regional Lender Failures And Citi Pushes Ahead In Northern Ireland

Big Banks To Pay For Regional Lender Failures And Citi Pushes Ahead In Northern Ireland

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US Regional Bank Problem Not Over And Powell Hints At A Pause

US Regional Bank Problem Not Over And Powell Hints At A Pause

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) US lender PacWest confirms Bloomberg's reporting that it's discussing options, including a possible sale. ...

4 Mai 202320min

US Regional Bank Shares Tumble & Carl Icahn's $10bn Hindenburg Headache

US Regional Bank Shares Tumble & Carl Icahn's $10bn Hindenburg Headache

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Smaller US lenders see values tumble as volatility halts trading. (2) Morgan Stanley and UBS say bonds are ...

3 Mai 202317min

Bumper HSBC Results & Job Cuts At Morgan Stanley

Bumper HSBC Results & Job Cuts At Morgan Stanley

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) HSBC announces a $2bn share buyback, special dividend and a tripling of pre-tax profits. (2) Morgan Stanle...

2 Mai 202317min

Bloomberg Daybreak Weekend: The Fed, The King, The President

Bloomberg Daybreak Weekend: The Fed, The King, The President

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we’ll be tracking for you in the coming week including a preview of the Fed decision, a look at the coronation in the UK a...

29 Apr 202335min

The BOJ's New Path And Activision's CEO Says UK Decision Is 'Irrational'

The BOJ's New Path And Activision's CEO Says UK Decision Is 'Irrational'

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The BOJ's new governor scraps forward guidance on rates and plans a review of monetary policy. (2) Amazon ...

28 Apr 202317min

INTERVIEW: Barclays CEO Sits Down For An Exclusive Conversation With Bloomberg

INTERVIEW: Barclays CEO Sits Down For An Exclusive Conversation With Bloomberg

In this bonus episode, Barclays CEO CS Venkatakrishnan speaks to Bloomberg Editor-At-Large Francine Lacqua in an exclusive interview to mark his first earnings at the lender since he returned to the b...

27 Apr 202319min

Can First Republic Last and Deutsche Bank's Turnaround

Can First Republic Last and Deutsche Bank's Turnaround

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) First Republic's shares hit an all-time low as authorities debate its future. (2) Deutsche Bank CFO Von Mo...

27 Apr 202323min

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