G20 finance ministers have thrown out the idea for group tax on the banking sector to pay for future crises, with emphasis instead on new capital requirement rules to keep that sector healthy. South Korea’s finance minister, Yoon Jeung-hyun, tells CNBC’s Chloe Cho what progress was made on “Too Big to Fail.”
Treasury Secretary Timothy Geithner shares his thoughts on where the job market is headed, with CNBC’s Steve Liesman. Feedback with John Rutledge, Rutledge Capital; Peter Navarro, University Of California – Irvine and William Isaac, LECG Global Financial Services.
Discussing the impact of the oil spill on Florida, with Mike Wiggins, Pensacola mayor and NBC’s Kristen Dahlgren.
About 180 class-action law suits have been filed against BP as a result of the Gulf oil spill. Robin Greenwald from Weitz & Luxenberg is filing two suits against the oil major and spoke to CNBC about the cases.
Ngozi Okonjo-Iweala, managing director of World Bank, forecasts developing countries will grow 6% in 2010, twice the rate of developed countries. She speaks to CNBC’s Chloe Cho about the imbalances in global growth.
The G20 is more political than it is economic and may not be the right forum for deciding economic issues such as banking levies, Moorad Choudhry from London Metropolitan University said. However, he said no firm policy announcement will be made by the G20 and the upcoming meeting is just a stepping stone on the way to a policy.
Asian nations need more involvement in the G20 policy decisions, but that could happen when the Republic of Korea takes over as group chair, Robert Kimmit, former US Deputy Treasury Secretary, told CNBC Thursday. Philippa Malmgren from Principalis Asset Management joined the discussion.
Warren Buffett answers questions about the rating agencies before the Financial Crisis Inquiry Committee. The Commission is holding a hearing entitled “Credibility of Credit Ratings, the Investment Decisions Made Based on Those Ratings, and the Financial Crisis.”
Warren Buffett answers questions about the rating agencies before the Financial Crisis Inquiry Committee. The Commission is holding a hearing entitled “Credibility of Credit Ratings, the Investment Decisions Made Based on Those Ratings, and the Financial Crisis.”
The German cabinet approved a draft bill to ban naked short selling of euro zone government bonds and German shares Wednesday, but an outright ban has been postponed. Rüdiger von Rosen from Deutsches Aktieninstitut said that investors are responsible for their judgment.