Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) China's state-owned developers warn of major losses as fears of contagion grow.

(2) Bank of America strategists say get used to 5% bond yields.

(3) Arm lines up 28 banks for the biggest listing of the year.

(4) A fresh bout of US regulatory scrutiny is setting off a hiring spree at Goldman Sachs.