Boom Bust: Wells Fargo claws back millions from cheating executives
The state of California is sanctioning embattled bank Wells Fargo following the revelations of massive fraud, and top executives are now losing tens of millions in compensation. Ameera David has the details on both angles. Then, Boom Bust’s Bianca Facchinei breaks down research by the Federal Reserve Bank of New York which identifies age as a key factor in slowing wage growth in the US. Afterwards, RT Correspondent Marina Portnaya reports on billionaire Elon Musk’s plans to colonize Mars within the decade.
After the break, Edward Harrison sits down with Lenore Hawkins, founding partner at Meritas Advisors and author of “Cocktail Investing”, to discuss the floundering economy in Europe. And finally, in The Big Deal, Edward explains the concerns over Chinese property and the debt used to buy it.