Good morning, everybody. You are watching the pulse. We are live from Bloomberg European headquarters in london. Also coming up is one of the deadliest jobs. Why crab fishermen risk injury and death. First we will begin our top story today. That is barclays. The bank announced a strategy revamp. I asked the ceo Antony Jenkins in the last hour if the bank can still compete on a global stage. We absolutely believe that we will be competitive as we are today. In the market, with the clients we choose to serve. Thatready have positions we are going to retain in the u. S. And u. K. And that is where our focus is going to be. We are confident we can continue to compete. We created barclays noncore, a set of assets we believe are no longer strategic for the group. We are confident that we can reduce those assets over time from about one hundred 15 billion pounds of risk weighted assets to 50 billion in 2016. If you are shrinking it by that much, how do you think you can still compete . You ar
Bailed out by uncle sam during the 2008 financial crisis. Its battled questions about dubious foreclosure practices, fended off allegations of lax Money Laundering protections and faced a number of probes into its banking practices. Just last week, the Federal Reserve rejected citis plan to raise its shareholder dividend and jack up its stock buy back complain on concerns about how much capital the bank has on hand. Now the banks troubles just got worse. The fbi has reportedly launched a criminal investigation into the banks role in a 400 million fraud involving its mexican banking unit. Investors have taken notice, sending shares down another 1 today. Michelle carusocabrera has more now on the latest news about citigroup and how much more the banking behemoth can take. Reporter the Company Revealed in late february a 400 million fraud involving an Oil Services Company in mexico. Even before todays news of a criminal investigation, analysts questioned whether mexico was one of the reas
Bailed out by uncle sam during the 2008 financial crisis. Its battled questions about dubious foreclosure practices, fended off allegations of lax Money Laundering protections and faced a number of probes into its banking practices. Just last week, the Federal Reserve rejected citis plan to raise its shareholder dividend and jack up its stock buy back complain on concerns about how much capital the bank has on hand. Now the banks troubles just got worse. The fbi has reportedly launched a criminal investigation into the banks role in a 400 million fraud involving its mexican banking unit. Investors have taken notice, sending shares down another 1 today. Michelle carusocabrera has more now on the latest news about citigroup and how much more the banking behemoth can take. Reporter the Company Revealed in late february a 400 million fraud involving an Oil Services Company in mexico. Even before todays news of a criminal investigation, analysts questioned whether mexico was one of the reas
Hand sanitize everybody stations are available throughout the building and each elevator and masks upon request at the front desk. Roll call. Commissioner bridges. She will be in late. She is running late. Commissioner driscoll. Present. Commissioner gandhi. Front. Commissioner heldfond. Here commissioner safai will arrive and commissioner stansbury is absent. And commissioner tumlin. Present. Commissioner thomas, present. We have a quorum. First item, please. Thank you. Item 2 communications. Welcome publics participation during comment periods. Will be an opportunity for general Public Comment after closed session. There will be an opportunity to comment on each discussion or action item on the agenda. Each community is limited to 2 minutes. Comment will be taken in sxrn remote by video or call in. For each item will take comment first from people in person. And then for people remote. Comments or opportunity to speak during Public Comment period are available via phone by calling 41
In the dark oh oh oh oh so light em up up up light em up up up im on fire light em up up up light em up up up light em up up up im on fire oh oh oh whoa oh oh oh whoa oh oh oh [ cheers and applause ] jimmy fall out boy. Look for their new album in Stores Starting this may. I want to thank our guests james franco, nigella lawson, christoph waltz, and i want to apologize to matt damon, we ran out of time. Nightline is next. Thanks for watching. Good night. Tonight on nightline, nightmare at sea. Thousands stranded aboard a Carnival Cruise ship that lost power. Stories of day four from a va gags gone very wrong. The money man. Hes the president s choice to head up the u. S. Treasury but hes haunted by a stint at the wall street bank that received a massive taxpayer bailout and whose investors lost millions. Fighting for lincoln. Shes up for oscar number three. Tonight, sally field tells us about her fight to play the president s wife. Keep it right here, america. Nightline is back in just