Fallout from no taper, poor Q3 results from investment banks and US money markets’ renewed interest in French banks

The banking team discusses the latest evidence of poor third-quarter results from investment banks. Sam Jones, hedge fund correspondent, joins the podcast to look at the Fed’s startling decision not to scale back on QE and whether investors should take central banks’ guidance with a pinch of salt. Michael Stothard, Paris correspondent, examines US money markets’ renewed interest in French banks.