The World Banking System

Weve spent a lot of time talking about the state of American Banks. But today, we take a look at the banking system around the world. Well examine Russian, Chinese and Japanese banks, and just where theyre headed. Plus, a bullish view of the recovery, and a CEOs view of the changes on Wall Street.

Episode Segments:

This Week in the Markets We begin with our review of the week in the markets. Lakshman Achuthan of the Economic Cycles Research Institute gives his bullish scenario for the economy. Next, it was announced that Ken Lewis, the CEO of Bank of America would be retiring at the end of this year. Lewis was a central figure in the crisis last year.
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Banking Around the World Here we take a look at the banking system around the world. Our view has been that the current economic conditions are driven by the availability of credit. And the banks are central to that process. We hear interviews on the Russian, Chinese and Japanese banks, and just where theyre headed.
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The Impact of H1N1 In our last segment we look at the threat of the H1N1 Flu virus. Is this flu really expected to be different than all the other types, and what are US companies doing to be prepared. Finally an interview with John Mack, CEO of JP Morgan: is he worried about the economy?, hows the recovery look, and what does he think of the changes on Wall Street.
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