Oct. 30 (Bloomberg) -- Christopher Wheeler, an analyst at Mediobanca SpA, talks about the outlook for job cuts at UBS AG and the bank's earnings outlook. Wheeler speaks with Tom Keene and Scarlet Fu on Bloomberg Television's "Surveillance." (Source: Bloomberg)
Four years ago today, President George W. Bush signed into law the biggest corporate rescue in American history. Even as U.S. unemployment has remained above 8 percent for 43 months, the country’s biggest banks are making almost as much as they ever have.
Barclays Plc named Antony Jenkins as its chief executive officer, promoting the head of its consumer business as the U.K. lender recovers from the Libor scandal and considers whether to shrink its investment bank.
Barclays Plc was fined 26 million pounds ($44 million) by Britain’s markets regulator after a trader was found to have manipulated the price of gold in 2012, dealing a blow to Antony Jenkins’s attempts to rehabilitate the lender’s reputation.