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Business Matters: European Banks Hit With Huge Fines

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Deutsche done.jpg

24/12/2016 GMT

European Banks Hit With Huge Fines

BBC World Service - Business Matters, European Banks Hit With Huge Fines

Two of Europe's biggest banks have been whacked with massive fines

Deutsche Bank and Credit Suisse will have to pay a combined penalty of more than $12 billion to the US authorities

Two of Europe's biggest banks have been whacked with massive fines for behaviour that helped spark the worst economic downturn since the Great Depression. Deutsche Bank and Credit Suisse will have to pay a combined penalty of more than $12 billion to the US authorities. We speak to Peter Hahn, the Dean of the London Institute of Banking and Finance; he also used to be a banker and a regulator. 

The World Health Organisation says a new vaccine that protects against the deadly Ebola virus could be made widely available within two years. The results of trials conducted in Guinea last year show the vaccine provides 100% protection. We hear from Professor John Edmunds from the London School of Hygiene and Tropical Medicine and was involved in the Guinea trial. 

The link between religion and consumption hasn't gone unnoticed by food companies and retailers. Increasingly we're seeing religious food stuffs - marked as kosher or halal for instance - sold in many western supermarkets. So - how did kosher and halal become mainstream? Elizabeth Hotson has been finding out.

We look back at some of the biggest business stories of the past week with Rebecca Byrne, a reporter at the Wall Street Journal newspaper in London and Keri Geiger from Bloomberg in New York City.

Game of Thrones has been awarded 38 Emmys in its six series, with two more to run. Kai Ryssdal the presenter of our partner programme, Marketplace on US public radio, has met Ramin Djawadi, the man who composed the Game of Thrones theme tune. We hear how Ramin turned composing theme tunes into a business.

Plus we're joined throughout the programme by Peter Ryan, ABC's Senior Business Correspondent in Sydney.

(Picture: The headquarters of Deutsche Bank in Frankfurt, Germany. Credit: Hannelore Foerster/Getty Images)

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