UPDATE: Britain's Lack of Ambition & UBS's $35B Credit Suisse Windfall

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) The City's Lord Mayor tells us the UK needs to get off the back foot (2) Wall Street's biggest banks face a harsh reality check in China (3) Biden and McCarthy voice cautious optimism on a debt deal (4) UBS gets a $35 billion paper profit gain from it's Credit Suisse takeover See omnystudio.com/listener for privacy information.