Nightingale Sees Some 'Cover Up' by Subprime-Hit Banks: Video

Roger Nightingale, global strategist at Pointon York, talks with Bloomberg's Mark Barton and Sara Walker in London about the outlook for European interest rates, subprime mortgage concerns and the challenges facing BT Group Plc. Stocks retreated in Europe and Asia, led by financial companies, after Morgan Stanley said the outlook for credit markets has worsened and Fortis reported profit that trailed analysts' estimates. U.S. index futures declined. (Source: Bloomberg)

Bloomberg | November 8, 2007

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