Barclays Investment Bank Should Brace for Cuts, Investec Says

As Jes Staley prepares to take over as Barclays Plc’s new chief executive officer on Tuesday, the investment bank should brace for deeper cuts as revenue stagnates and the lender struggles to reverse its falling share price, according to Investec Plc.

Fed Adopts Emergency Lending Limits Banning AIG-Style Bailouts

The Federal Reserve took the final step to ensure it can’t repeat the extraordinary steps taken to rescue American International Group Inc. and Bear Stearns Cos. in 2008, adopting formal restrictions on its ability to help failing financial firms.

Obama: COP21 Paris Climate Talks a Test of Global Resolve

President Barack Obama told world leaders that the climate talks that opened Monday in Paris mark a turning point for collective action on global warming and stand as a rejection of the terrorists who struck the French capital a little more than two weeks ago.

Rand Weakens to Record as South African Trade Deficit Widens

The rand weakened to an all-time low and bonds tumbled as South Africa’s trade deficit widened more than expected in October to the biggest shortfall in nine months, before credit-rating reviews this week that may bring the country closer to junk.


Lapo Elkann: We Are More Than 'Pimp My Ride'

Lapo Elkann, founder of Garage Italia Customs, talks about his new company that customizes cars. He speaks with Bloomberg's Francine Laqcqua on "The Pulse." (Source: Bloomberg)

Wayfair CEO: Online Shoppers Are up for Grabs

Niraj Shah, co-founder and chief executive officer at Wayfair, explains the importance of Cyber Monday to the company's business, how they're taking advantage of the shift to e-commerce for home goods, and responds to criticism from Kase Capital Management Managing Partner Whitney Tilson on Chinese products sold by Wayfair. He speaks on "Bloomberg ‹GO›." (Source: Bloomberg)

Pimco's Ivascyn Pulls Off Stellar Performance

As Pimco watched its flagship fund lose more than half its assets following the surprise departure of Bill Gross, his successor Daniel Ivascyn quietly pulled off a stunning performance. MB Advisors' Milton Berg weighs in on "Bloomberg ‹GO›." (Source: Bloomberg)

Fed Approves Emergency Lending Limits for Financial Firms

Federal Reserve Chair Janet Yellen presides over a meeting of the Fed Board of Governors in Washington to discuss and vote on rules governing the central bank's ability to help failing financial firms. Under the Fed’s revised authority approved in the vote Monday, the central bank would only be able to save firms in a broad-based scenario, meaning it must help at least five entities at the same time. (Source: Bloomberg)