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 takeoverSee omnystudio.com/listener for privacy information.