Well Functioning Market News Today

im going to be discussing it with these three, there they are, matthew plosser from the new york federal reserve, liz lumley from the banker magazine, and frederic malherbe from university college london, who thinks central banks should consider more radical steps to get the banks to pass on better deals for savers. plus, the boss behind the trains of tomorrow. my interview with the global ceo of one of the worlds biggest train and tram makers, on the future of transport across the wor...

the australian prime minister, and the us president. the three countries are expected to agree to provide australia with nuclear powered submarines. now on bbc news, talking business. welcome to talking business. take a look at what is on the show. rates are rising around the world so why arent more savers getting a better deal from the banks? bumper profits are expected from the biggest financial institutions this year as they charge more to borrow but those with savings have not been...

added to the venue for hollywoods biggest awards. the field of best picture contenders features many of last years biggest box—office hits, including elvis, and everything everywhere all at once. now on bbc news, talking business. hello, everybody, welcome to talking business with me, aaron heslehurst. lets take a look at whats on the show. rates are rising around the world, so why arent more savers getting a better deal from their banks? bumper profits are expected from the worlds b...

Well be talking to the winners and losers. And who would you trust with your bank account. We will need one London Digital bank that promises a new way of managing your money. We ask what would be the one thing you change about the bank you use, cheaper loans, better Interest Rates, Faster Service . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. Good to have you with us. Banking is dominating the programme today, get in touch with your thoughts. We are talking ...

Look, banks arent charities. you know, theyre in it to make money. isnt this just the way the markets work? well, this is at, the moment, the way the markets work but this is not a well—functioning market. banks serve all sorts of very important purposes and they face costs, so they they should makea margin. i am not saying that the banks should pass on the full 4% to the savers, but i doubt that keeping a 3% margin is really necessary. people dont really move their money around. they should, ...

Well, this is at, the moment, the way the markets work but this is not a well—functioning market. banks serve all sorts of very important purposes and they face costs, so they they should make a margin. i am not saying that the banks should pass on the full 4% to the savers, but i doubt that keeping a 3% margin is really necessary. people dont really move their money around. they should, but they dont. and this is what lets the banks take advantage of. but, fred, imjust thinking here — if th...

Banks arent charities. you know, theyre in it to make money. isnt this just the way the markets work? well, this is, at the moment, the way the markets work, but this is not a well—functioning market. banks serve all sorts of very important purposes and they face costs. so they should make a margin. i am not saying that the banks should pass on the full 4% to the savers, but i doubt that keeping a 3% margin is really necessary. people dont really move their money around. they should, but they ...

Its quite a radical suggestion, fred. im just wondering, do you think its this is likely it is desirable im just wondering, do you think its... this is likely? it is desirable now whether whether the central banks will will want to do that? i dont know. but, fred, you know, the critics will say, look, banks arent charities. you know, theyre in it to make money. isnt this just the way the markets work? well, this is at, the moment, the way the markets work, but this is not a well—functioning ma...

Cost of living in other places. it is quite a bit higher. a family of four requires about $88,000 in order to live. the fact that d.c. would require wal-mart to pay its employees more is perfectly in line with a well-functioning market. >>steve: by the same idea, the people of washington, d.c. would enjoy lower prices, and now wal-mart, kevin, is not going to apparently build those stores there unless the mayor goes ahead and vetoes it, and those jobs arent going to be there. it just doesnt seem...