Up Next
0
Bill Gross: Financial Industry Is Under Threat
Bill Gross, PIMCO, explains what the shakeup at Citi means for the overall financial sector and the market. "The financial industry is under threat here simply because the yield on their assets is moving down, and the cost of their borrowing can't move much lower," he explains.
Share
Bill Gross: Financial Industry Is Under Threat
Bill Gross, PIMCO, explains what the shakeup at Citi means for the overall financial sector and the market. "The financial industry is under threat here simply because the yield on their assets is moving down, and the cost of their borrowing can't move much lower," he explains.
Date: 10/16/12
Views: 70
Video by:  CNBC
 
Follow us:
Loading... 1 of 167
Today's Most Watched Videos
Related Videos
Loading... 1 of 56