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All change for US and EU banking rules


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All change for US and EU banking rules

US financial regulators have approved the so-called Volcker rule, which establishes new limits on trading by US banks. These reforms should protect depositors and make the entire banking system safer, so – hopefully – avoiding another crisis.

Politicians Europe are also eager to make the region’s lenders less risk prone. That is the aim of the Banking Union they are working on.

And EADS – the parent company of Airbus – has unveiled its restructuring plans, including major job cuts.

We discuss those stories with Nejra Cehic from Bloomberg in this edition of Business Weekly.