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Bloomberg Daybreak: Europe Edition

UPDATE: Israel UN Resignation Demand & European Bank Earnings

25 Oct 2023

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On today's podcast: 1) The Israeli ambassador to the United Nations demanded that Secretary-General Antonio Guterres resign for saying Hamas's Oct.7 attack on Israel didn't happen in a vacuum, capping a day of heated exchanges at the Security Council over violence that threatens to spark a regional war. 2) US President Joe Biden and Saudi Arabia's crown prince discussed efforts to prevent the Israel-Hamas war from expanding, while more European leaders are due in Israel on Wednesday, the latest in a flurry of diplomacy as it weights a ground invasion of Gaza. 3) Deutsche Bank plans to accelerate payouts to shareholders after higher income from its corporate bank and deposit inflows offset weaker trading results in the third quarter. 4) Lloyds Banking Group set aside less than expected for troubled loans in the third quarter, helping it to beat earnings expectations for the period and maintain its outlook for the year. 5) Banco Santander earnings beat estimates as higher interest rates in Europe and Mexico continued to boost revenue, and offset a rise in loan loss charges.See omnystudio.com/listener for privacy information.

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