Curated Video
Dems propose 0 interest loans to federal workers
Democratic Rep. TJ Cox and Democratic colleagues unveil the Immediate Relief for Federal Workers Act, a bill which would allow the Treasury Department to provide zero interest loans to federal workers impacted by the government shutdown.
Bloomberg
Deutsche Bank Is Said to Have Considered Restructuring Trump Loans
Feb.20 -- Deutsche Bank AG's top executives had such concerns after the 2016 U.S. election that the Trump Organization might default on loans that they reportedly discussed extending repayment dates until the end of a potential second...
Bloomberg
EU Eyes $2.2 Trillion Plan; ECB Accepts Junk-Rated Bonds
Apr.23 -- The European Commission is floating a 2 trillion-euro ($2.2 trillion) plan for economic recovery as stringent lockdowns amid the coronavirus pandemic shuttered factories and halted travel, pitching the world’s largest trading...
Bloomberg
Rep. Waters Calls on Banks to Assist With Rent
May.08 -- House Financial Services Committee Chairwoman, Maxine Waters speaks to Bloomberg's Kevin Cirilli on helping with rent assistance, the jobs report and the next round of stimulus
Bloomberg
BofA's Moynihan Says Employees Have Jobs Through Year, Sees Fast Recovery
Apr.01 -- Bank of America Corp. Chairman and Chief Executive Officer Brian Moynihan discusses the impact of the coronavirus pandemic on the bank and the U.S. economy with Bloomberg's David Westin on "Balance of Power."
Bloomberg
Eurogroup Aims for Long Maturities in Recovery Fund, Centeno Says
May.08 -- We cannot risk having a second wave of the crisis when we recover, says Eurogroup President Mario Centeno as he discusses the need for a common approach across the euro area to provide support for struggling member states. He...
Bloomberg
U.K. Jobless Claims Start Amid Virus Outbreak
Apr.21 -- Rain Newton-Smith, chief economist at the Confederation of British Industry, looks at how the coronavirus outbreak is affecting the country's economy and the government's efforts to support growth. U.K. jobless claims increased...
Bloomberg
ING Takes Guidance Quarter by Quarter, Says CFO
May.08 -- Tanate Phutrakul, chief financial officer at ING Groep NV, discusses his first-quarter loan loss provisions, their dividend policy and crude exposure. He speaks on “Bloomberg Daybreak: Europe.”
Bloomberg
UBS CEO Says Client Ready to Deploy Cash Selectively
Apr.28 -- Sergio Ermotti, chief executive officer at UBS Group AG, discusses the bank’s credit losses, the pressure on income streams, lending demand and what he’s hearing from clients. He speaks on “Bloomberg Daybreak: Europe.”
Curated Video
Why Marijuana Banking Reform Is In The New Coronavirus Stimulus Bill
Supporters say there are serious public health impacts of forcing dispensaries to deal only in cash.
Bloomberg
BofA CEO Moynihan on Economy, Supply Chain, Inflation
Bank of America Chairman and CEO Brian Moynihan discusses the state of the U.S. economy, the impact of supply-chain bottlenecks on consumer spending, and the path and duration of inflation. He speaks with Bloomberg's David Westin on...
Bloomberg
World Health Organization Calls for Nations to Boost Funding in Coronavirus Fight
Feb.20 -- The head of the World Health Organization called for nations around the globe to boost funding to fight the coronavirus while the outbreak is still mostly confined to China, and the airline industry forecast the first annual...
Bloomberg
How Startup Kopentech Is Disrupting CLO Underwriting
Feb.10 -- Startup KopenTech conducted an online auction recently that could revolutionize the way the biggest buyers of leveraged loans fund themselves. Bloomberg's Lisa Lee reports on "Bloomberg Markets: The Close."
Bloomberg
Credit Windfall Spurs Interest in Cheap CLOs
Dec.12 -- Owning high-grade corporate credit was one of the best trades of 2019, but some market watchers say it might be time to start looking elsewhere to lock in juicy yields. Bloomberg's Claire Boston reports on "Bloomberg Markets."
Bloomberg
Philippine’s Union Bank More Vigilant on Cybersecurity: Ortiz
Dec.08 -- Justo Ortiz, vice chairman at Union Bank of the Philippines, discusses the bank’s digitalization plans, cyber-security and the bank’s loan book. He speaks on “Bloomberg Daybreak: Asia” from the sidelines of the Singapore...
Bloomberg
S&P Global Ratings Deepali Seth-Chhabria on India’s Banking Sector
Jun.08 -- S&P Global Ratings Associate Director for Financial Institutions Ratings, Deepali Seth-Chhabria, discusses the Indian banking sector. S&P Global Ratings expects credit losses to remain high in fiscal 2022, at more than 2% of...
Bloomberg
Paychex CEO on Jobs Report
Jan.14 -- Paychex Chief Executive Officer Martin Mucci discusses the U.S. labor market and
small business employment report on "Bloomberg Markets."
Bloomberg
ECB Calibrating Different Stimulus Options, Guindos Says
Nov.25 -- European Central Bank Vice President Luis de Guindos says the supervisory arm is yet to decide on allowing banks to resume paying dividends and is hopeful about news of a vaccine, describing it as "a ray of hope." He speaks...
Bloomberg
Minerd Says Fed's Main Street Lending Program a 'Disaster'
Oct.09 -- Scott Minerd, Guggenheim Global chief investment officer, says the Federal Reserve's Main Street Lending progam intended to aid small businesses impacted by the pandemic has been a "disaster." He speaks with Bloomberg's...
Curated Video
Newsy's Latest Politics Roundup
Attorney General nominee Merrick Garland testifies, and the Biden Administration will allow small businesses to apply for more loans.
Bloomberg
Citizens CEO Expects Uptick in Loan Growth This Year
Apr.16 -- Citizens Financial Group CEO Bruce Van Saun says the credit picture continues to improve and adds that he's optimistic about corporate loan growth in the second half of 2021. He speaks with Bloomberg's Amanda Lang and Matt...
Bloomberg
China Banks Cut Key Rate by Record to Boost Ailing Economy
Chinese banks cut a key interest rate for long-term loans by a record amount The move would reduce mortgage costs and may boost weak loan demand amid a property slump and Covid lockdowns. Enda Curran reports on "Bloomberg Daybreak:...
Bloomberg
Fed Reduces Main Street Lending Program Minimum to $100,000
Oct.30 -- The Federal Reserve lowered the minimum loan amount in its Main Street Lending Program to $100,000 in an effort to open the emergency facilities to more U.S. businesses. Bloomberg’s Michael McKee reports on "Bloomberg Markets:...
Bloomberg
Chinese Nickel Giant Tsingshan Secures Bank Lifelines
The Chinese nickel company at the heart of this week's big short squeeze on the LME, Tsingshan Holding Group Co., is said to have secured a package of loans to help it meet a wave of margin calls. Bloomberg's Stephen Engle reports on...