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(1057)

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

First Republic In Search Of A Lifeline And The Nouveau Financial Riche

First Republic In Search Of A Lifeline And The Nouveau Financial Riche

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) First Republic considers a $100 Billion asset sale as its share price tumbles. (2) Standard Chartered's fi...

26 Apr 202317min

UBS CEO Tells Bloomberg The Bank Is A 'Safe Haven'.

UBS CEO Tells Bloomberg The Bank Is A 'Safe Haven'.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UBS CEO Sergio Ermotti tells Bloomberg he is happy the bank is seen as a "safe haven". (2) First Republic s...

25 Apr 202325min

Credit Suisse Still Bleeding Cash And Home Seller Expectations Cool

Credit Suisse Still Bleeding Cash And Home Seller Expectations Cool

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Credit Suisse's latest results show massive outflows in the first quarter. (2) Sunak to hold talks with top...

24 Apr 202317min

IN DEPTH: Europe’s Economic Challenges

IN DEPTH: Europe’s Economic Challenges

In this special podcast, we bring you some of our best interviews from this week’s inaugural Bloomberg New Economy Gateway Europe event in Ireland. Stephen Carroll speaks to Ireland’s Data Protection ...

23 Apr 202323min

Bloomberg Daybreak Weekend: Earnings, Debt and Tourism

Bloomberg Daybreak Weekend: Earnings, Debt and Tourism

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 tech earnings, the debt ceiling debate, European bank earnings and ...

22 Apr 202335min

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