China’s malinvestments, Forex rigging settlement

Ukraine’s parliament has passed a bill granting the government the authority to suspend payments on some foreign debts. Guest host Ameera David weighs in. Patrick Chovanec of Silvercrest Asset Management gives his take on whether the Chinese central bank’s recent interest rate cuts will be effective in stimulating growth. How six global banks have agreed to pay more than $5 billion in combined penalties and four have pleaded guilty to criminal charges after being accused of brazenly cheating their clients in order to boost profits. And in The Big Deal, Ameera and Edward talk about China’s attempts to socialize losses from overinvestment in infrastructure and property piled up at local government entities.

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