Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

SQUAWK BOX, WEDNESDAY 30TH OCTOBER, 2019

SQUAWK BOX, WEDNESDAY 30TH OCTOBER, 2019

FromSquawk Box Europe Express


SQUAWK BOX, WEDNESDAY 30TH OCTOBER, 2019

FromSquawk Box Europe Express

ratings:
Length:
25 minutes
Released:
Oct 30, 2019
Format:
Podcast episode

Description

Big bank earnings and a mega merger in the auto sector set the tone. Swiss banking giant Credit Suisse more than doubles net profit in the third quarter thanks to strength in its wealth management business. But German rival Deutsche Bank suffers a different fate as restructuring costs weigh on results, leading the lender to post a steeper than expected loss in Q3. Emerging markets focused bank Standard Chartered sees shares rise after it beats estimates with a 16 percent jump in third quarter profit. We speak to the CFO about the growing headwinds due to geopolitical tensions. In the autos sector, Italian-U.S Fiat Chrysler and French rival PSA are reportedly in talks to merge in a deal that would create a near 50 billion dollar car giant. And in the U.K., lawmakers back PM Johnson's call for a December 12th general election, in an effort to break the Brexit impasse.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Oct 30, 2019
Format:
Podcast episode

Titles in the series (100)

CNBC's flagship show in Europe sets you up with everything you need to know for the European business day. Anchors Geoff Cutmore, Steve Sedgwick and Karen Tso engage in unscripted and dynamic debate on the day's top stories. They are joined by leading business executives, policymakers, financial strategists, fund managers and other newsmakers to provide original points of view and instant analysis of the latest business news and key market themes.