31 Burst results for "Commerzbank"

Deutsche Bank stock soars 14% as investor takes stake

Bloomberg Surveillance

03:39 min | 2 years ago

Deutsche Bank stock soars 14% as investor takes stake

"So I'm looking at Deutsche Bank here stock is up a little more than ten percent today fifty two week high in part because of some news that Deutsche Bank that capital group is taken a three percent stake in Deutsche Bank so Steve errands Bloomberg news from Deutsche a bank from Germany once you don't what does it really mean here for Deutsche Bank had the stock has been so beaten down so what does it really mean for them yeah it's a five minute show it's I think it's I mean the share price says it all it's a big boost for the CEO unveiled a very ambitious turnaround plan last year people at first didn't believe the plan the stock actually had an all time low just in August but for some reason he he's given people more faith in his play in his own performance and to actually unveiled pretty good numbers for a week and that has really boosted to share and the decision by capital group now highlights how investors seemingly take take faith in the plan and a willing to put the money on it the store owner let's be sure folks is not an index fund purchase like vanguard or State Street in the others is an active manager going in is it perceived there Steve almost like a sovereign wealth fund purchase it's certainly something as you said this is a very very sophisticated investor it's an investor that will look at its target for a long time before making a decision we've been told they were actually here in Frankfort on the investor day in December people from capital group and spoke with the CEO and other people of the bank to make sure they're invest would pay pay off the and I think that has happened to them it's the it's a very very well and well thought through death when I think so Steve what is investors believe that Deutsche Bank has to execute on first and best what the house what what they like first of all is that day they've been managing through this deeper structuring without dipping too deeply into the couple questions so capital strength financial strength is better than initially expected and that's a big positive trading which is still one of the two banks traditional strength was impacted less than many people had feared and is now serving shows you can lease them the revenue decline in other parts of the business then you know we may even seem right we'll see what I want to replace also idealised hearing in trouble John Nichols way but I'm gonna cut to the chase does precluded torture bring cash call that's all this comes down to the big fear is David to go back to the well to Qatar and the others to to you know recharge the ballot she is that out of the way now I think that's part of the reasons why people are now willing to commit more money to it because the the less than expected and kapple the regulatory capital means it's now likely to manage to that more likely than before that they will be able to manage to the restructuring without having to ask shareholders for more money and see I guess the other issue out there is is there any type of merger that might be on the horizon for Deutsche Bank well you probably know they went into formal talks with the other German bank Commerzbank last year and that didn't go anywhere sure I'm pretty sure and setting his sights on the record they will not allow the consolidation but I think it's highly unlikely for now but I mean it's pretty close something that seven would like to do one one the bank stronger very good seeders thank you so much greatly appreciated from front for here's capital group Los Angeles dives into a significant position on

Deutsche Bank
Decline in German industrial output adds to recession fears

Bloomberg Daybreak

00:20 sec | 2 years ago

Decline in German industrial output adds to recession fears

"And Germany we have data showing industrial production continues to worsen German output fell six tenths of a percent in September with manufacturing fueling the decline in earnings out of Germany don't paint a much better picture shares of Commerzbank are down more than one percent after the bank cut its outlook for the year the lender says negative rates and higher taxes are hurting

Germany Commerzbank One Percent
"commerzbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:38 min | 3 years ago

"commerzbank" Discussed on Bloomberg Radio New York

"Reports and earlier benefits have been limited to service members assigned to remote duty stations on Jan Johnson a woman who was severely burned in a domestic violence attack in Vermont is hoping for a second face transplant doctors recently discovered tissue damage that will likely lead to the loss of her donor face more than forty patients worldwide every seat face transplants in recent years I'm in case. and I'm Susanna Palmer from Bloomberg world headquarters Egyptian stocks tumbled after anti government protests threatened to tarnish Egypt's hard one image as an emerging market safe haven the E. D. X. thirty fell five point three percent the most for any single day since twenty sixteen while the wider EGX one hundred index fell five point seven percent weekend demonstrations against president OB Delphi tile cece's government weren't large but they occurred in cities and towns across Egypt and evoked memories of the years of instability following the twenty eleven uprising that ousted Hosni Mubarak. Facebook and Twitter have suspended hundreds of accounts they said were connected to Spain's people's party that marks one of the few occasions that social media groups have linked to disinformation campaigns to a major political party in western Europe Commerzbank will cut about forty three hundred jobs and close two hundred branches across Germany this as part of the struggling wonders of latest strategic overhaul Commerzbank Germany's second largest listed wonder which briefly explored a merger with larger rival Deutsche Bank earlier this year also announced the sale of a sixty nine percent stake.

Egypt Commerzbank Germany Hosni Mubarak Europe Commerzbank Jan Johnson Susanna Palmer OB Delphi Bloomberg Deutsche Bank Vermont Facebook president Germany Spain Twitter sixty nine percent seven percent three percent
"commerzbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:50 min | 3 years ago

"commerzbank" Discussed on Bloomberg Radio New York

"I'm Christopher crew. and I'm Susanna Palmer from Bloomberg world headquarters hundreds of protesters took over a mall in Hong Kong's downtown area and vandalize the train station before riot police moved in the rally came after Saturday clashes in parts of the city continued late into the night with protesters throwing gas bombs and police firing tear gas there's momentum growing for Congress to take fast action to pressure Beijing to back off any crackdown on Hong Kong's pro democracy demonstrators to Laurie in ink a Houston based company that develops low cost of liquefied natural gas projects says it signed a seven and a half billion dollar agreement for India's petronas LNG this to buy into its proposed a liquefied natural gas terminal in Louisiana it could be one of the largest foreign investments in the US to ship shale gas abroad. Commerzbank AG is planning to cut forty three hundred jobs to this as part of a new strategic plan that will also see the bank sell a stake in its Polish mbank unit a planned merger between commerce bank and Deutsche Bank failed earlier this year Federal Reserve Bank of Boston president Eric Rosengren says the rise of co working spaces such as we work may be creating new financial stability risks more on that from the works Charlie Pellett in remarks prepared for a speech in New York Rosengren said quote evolving market models along with low interest rates are creating a new type of potential financial stability risk in commercial real estate he says one such market model is the development of co working spaces in many major urban office markets he did not mention we work by name last week we work one of the world's largest coworking companies delayed its highly anticipated initial public offering Charlie Pellett.

Eric Rosengren Hong Kong Charlie Pellett Commerzbank AG Federal Reserve Bank Bloomberg world Congress Beijing Louisiana commerce bank Susanna Palmer Houston Deutsche Bank US India New York Laurie
"commerzbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:03 min | 3 years ago

"commerzbank" Discussed on Bloomberg Radio New York

"Super crew. and I'm Susanna Palmer from Bloomberg world headquarters hundreds of protesters took over a mall in Hong Kong's shanty an area and vandalized a train station before riot police moved in the rally came after Saturday clashes in parts of the city continued late into the night with protesters throwing gas bombs and police firing tear gas there's momentum growing for Congress to take fast action to pressure Beijing to back off any crackdown on Hong Kong's pro democracy demonstrators to Laurie in ink a Houston based company that develops low cost of liquefied natural gas projects says it signed a seven and a half billion dollar agreement for India's petronas Ellen G. is to buy into its proposed a liquefied natural gas terminal in Louisiana it could be one of the largest foreign investments in the US to ship shale gas abroad. Commerzbank AG is planning to cut forty three hundred jobs to this as part of a new strategic plan that will also see the bank sell a stake in its Polish mbank unit a planned merger between commerce bank and Deutsche Bank failed earlier this year Federal Reserve Bank of Boston president Eric Rosengren says the rise of co working spaces such as we work may be creating new financial stability risks more on that from the verse Charlie Pellett in remarks prepared for a speech in New York Rosengren said quote involving market models along with low interest rates are creating a new type of potential financial stability risk in commercial real estate he says one such market model is the development of co working spaces in many major urban office markets he did not mention we work by name last week we work one of the world's largest coworking companies delayed its highly anticipated initial public offering Charlie Pellett Bloomberg radio global news twenty four hours a day on air and it took took on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries I'm Susanna Palmer this is Bloomberg..

Eric Rosengren Susanna Palmer Hong Kong Bloomberg world Charlie Pellett Commerzbank AG Federal Reserve Bank Bloomberg Congress Beijing Louisiana commerce bank Houston US India Deutsche Bank New York
Danske Bank appoints new CFO from Commerzbank

Bloomberg Daybreak: Europe

00:10 sec | 3 years ago

Danske Bank appoints new CFO from Commerzbank

"Save an interesting line of for the markets to digest danske bank CFO Balzer is leaving and Stephen Stefan Raab angles it's been named the new CFO at

Cfo Balzer Stephen Stefan Raab CFO Danske
Deutsche Bank to axe 18,000 jobs

Fox News Sunday

01:00 min | 3 years ago

Deutsche Bank to axe 18,000 jobs

"Deutsche Bank will cut about eighteen thousand jobs by twenty twenty two this as the trouble German lender revamps itself getting out of equities sales and trading and setting up a so called bad bank Deutsche Bank expects restructuring charges of eight point three billion dollars through twenty twenty two to pay for the radical overhaul and will cancel the dividend in twenty nineteen and twenty twenty about eighty three billion dollars worth of assets will become part of the new non core unit the bad bank Deutsche Bank said retail chief Frank Strauss and chief regulatory officer Sylvie Mateer at both board members will leave this month the departure of investment bank head Garth Richie was announced on Friday the scale of the revamped underscores the failed turnarounds by CEO Christian serving and his predecessors to solve a fundamental problem costs were too high and revenue was too low seven had few other options to boost market confidence after government brokered merger talks with Germany's Commerzbank collapsed in

Deutsche Bank Frank Strauss Officer Sylvie Mateer Garth Richie Germany Twenty Twenty CEO Eighty Three Billion Dollars Three Billion Dollars
"commerzbank" Discussed on NewsRadio KFBK

NewsRadio KFBK

03:22 min | 3 years ago

"commerzbank" Discussed on NewsRadio KFBK

"Is a Bloomberg market minute Wall Street started the month with an obsession stocks advanced after president trump and Chinese president xi called a truce in the trade war and said negotiations will resume Peter Dickson of Commerzbank tells Bloomberg radio the approach of the twenty twenty election may make it harder for the US and China to resolve their differences it's not Donald Trump interest to cut a deal to to the necklace strategy he continued to provoke the Chinese and give the impression he's looking out for US interests Dixon says the markets could see more volatility as the outlook for trade pact shifts back and forth between optimism and pessimism sales reports from the auto makers will get attention today most car makers will be posting their June numbers General Motors and Ford will report second quarter sales a lot of workers maybe leaving money on the table a survey done for the certified financial planner board of standards found nearly a third of all workers don't know whether their employers offer retirement plans Jeff Ballenger Bloomberg radio news ninety three point one K. F. B. K. I heart radio station from the city of angels near the Pacific Ocean good morning good evening wherever you may be across the nation around the world are George nori walking to coast to coast AM later on tonight shapeshifters that be candid today by the way to our neighbors it is there a constitution eighteen sixty seven they started I hope you have a great holiday here's what's happening federal authorities are warning the white supremacists and other political radicals could look to attack independence day revellers on July fourth here noting in a bulletin to law enforcement around the country that domestic terrorists have attacked perceived oppressors opponents or enemies engaged in outdoor first amendment protected rallies or protests during past summers before our eyes on that Iran has announced that.

George nori K. F. B. K. Jeff Ballenger Ford Donald Trump president Bloomberg Iran Peter Dickson Pacific Ocean General Motors Dixon China US Commerzbank one K
"commerzbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

10:48 min | 3 years ago

"commerzbank" Discussed on Bloomberg Radio New York

"On London. Db digital radio. Let's talk about what's going on in these markets. We check the markets every fifteen minutes. But before we get into the market moves, let's get to the breaking news. We've got German may services no fact that's half an hour ago. We got German IFO numbers, the business confidence index. Of course that came in at ninety seven point nine the estimate was nine thousand nine point one. So this does look to be a more negative number than had been anticipated. The current assessment index comes in at. Hundred point six also below the estimate of one hundred and three point five so on that I phone number on that. I phone number. We do see some negativity for the German story sticking with Germany. We're also getting some headlines coming through from the AGM of Deutsche Bank, and we are hearing, I from the chairman the Deutsche Bank chairman, Paul act. Like no speaking see saying that the plan has the supervisory board support. There's no political pressure during the Commerzbank talks. Deutsche Bank must remain a global player. We're also getting he's also talking about the CEO Christine saving and saying, saving is to give more details on the strategy, and we'll listen out for further. Details of that strategy at lightness saying that the CEO saving has he's full backing so those are the headlines coming through from that AGM over in Frankfurt. We live on the ground there. And we'll keep an eye on what's going on. So to the markets and it is a negative session for European equity markets. The stock six hundred is down by nine tenths of one percent. The biggest losses coming through the central down by one point one percent, the cackles down by more than one percent. And the sectors that are being hit are the ones that you would expect when trade tensions are to the force autos and auto parts. The biggest falling sector only one sector in Europe in positive territory this morning. And that is healthcare. So a typical flight to the perceives safehaven of that sector. Looking ahead to US trade and US futures, also pointing lower down by between five tenths of a percent, and nine tenths of upset. So actually, the NASDAQ at the tech heavy index is seen as the worst performer at the start of the US trading day US futures for the NASDAQ down by nine tenths of a percent at this stage, may, we'll talk about the tech sector in just a moment. With our guest oil, prices are a little weaker, seventy four nine is where we trade on Brent down by seven tenths of one percent. The yield on the US ten year the day after the night before when we heard from the Federal Reserve two point three seven percents of those yields continuing to drop. The dollar is a little stronger. Donna, catching a bid despite concerns about trade between the US. And china. And we also see the euro is a little bit weaker against that stronger dollar. So we've got eurodollar one eleven as the handle then that's a quick. Look at what we're looking what we're seeing on the breaking news and on the data front, let's get to our guest in studio. And now joining the inlanders Judea Benjamin Jones senior multi asset strategies at State Street. Ben good to have you with us. I want to talk to you about the tech sector. I didn't get tons to talk to you about tech whilst we were on TV a little earlier on. And I see that NASDAQ futures point down by nine tenths of a percent. The concern around trade clearly is shaping up to be a big issue for the tech sector it is. But I think you need to look at the tech sector in a little bit more granularity, and I think abroad by selloff across all of the tech sectors, one isn't warranted. And also is actually not what we've seen occur. So the news over the weekend that while on this blacklist, Google wouldn't be able to sell it. So. Android license to twelve obviously is a big negative for for. An concern for the tech sector. But this is a bigger concern for the, the semi's industry that the, the quote comes in the comes the people that sell to while away. Whereas for some of those other sectors, within tech the software industry, the communication services industry, for example, then not going to be anywhere near as negatively affected, because those companies don't generate a lot of earnings from within China. So even if we find, for example, have g mile maps, etc on those fines. Well, they don't have those apps both phones in China at the moment. Whereas in Europe, will those have them on existing fines, and people are probably likely to shift handsets in Europe and we'll still continue to use them. I don't see us giving up those kind of services anytime soon be interesting to see the companies that are having to ostracize while way and this time isn't it? Then obviously the big US chipmakers that you've talked about those names spring to the four, but the long arm of US policy does seem. To reach sometimes a little further and I just wanted. I mean you mentioned that, that could be -tunities for other companies in the chip sector such as Samsung to step into the breach left by US semi's and supply. Hallway just wonder whether they might have pause for thought on that front given how that would look to the US. And this is the big concern is how much further does this, this cold wall sort of translate across the rest of the world and one, other companies get dragged into it at the moment. I think some of those Asian companies in Taiwan or Korea, for example, lucky to continue to still supplying to Chinese manufacturers for the foreseeable future, that may change of course. But at the moment, I think that probably the base case, the thing I think, is in Europe while we has taken over cinema recently in large part of the smartphone market in q four two thousand eighteen a third of handset sales were hallway phones, and about a third was apple and Samsung. So it really was gaining. Market share. Now, if you call it by hallway or you're not going to buy hallway phone in Europe today. What are you going to probably not going to get your life? You're probably going to go to some of those other, Android manufacturers. So they some of those companies that tension could then pick up market market share. And when I look at the sectors that are on pressure today as trade tensions to the fore, as an auto parts is the biggest leasing sector in Europe down by two point six percent. I guess that makes sense when it's not hard to see the next leg of trade tensions. I if an even when they leave on, it's hard to see them being transatlantic and for them to feed feature the Cossacks, do you think incense aren't Khasarova done though? I think concerns around 'cause partly overdone, but also a lot about news is already priced into European auto manufacturers. They are by far and away the most undervalued sector that we would look in Europe at the moment. So there's a little bad news. First of all the other thing too, the two things, I think, to think about on the. Trey from his as well. Let me first of all any tires on autos. Well they wouldn't necessarily be applied to cause directly because a lot of the manufacturing is already based in the individual countries. So you buy a European auto. Now, chances are it's made in South Carolina. For example, see the Taft doesn't get get implemented. The other thing to, to think about is what if, if the China US trade issues a flaring up well, that perhaps direct Trump away from Europe and back towards China. So props Europe, sort of isn't quite the, the center of his target. I'm going forward or not potentially less of a negative going forward in the short-term. We haven't mentioned the fed. And of course, we have from the fed last night, say, Europeans, I'm Ben didn't we want to ask you on, on the markets live blog, we've been asking this question of the day. Why a bond market pricing cuss at the fed doesn't say, why do you think the bond market has a different view of what is it? Inflation trade. You tell me, why does the bond market a different view? View to that of the fed. I think the, the bond market is looking at things that it wants to look at it picked up on some comments, for example about expecting this insurance Cup potentially at the end of the year. The, the Beaumont is always for much, not few years, also been pricing in more dovish policy than the fact that it's generally being correct in that assessment as well. The bond market for say looking at this average inflation conversation. I think that is very important. And I think that is part of a conversation that you've probably being had at the fed as as well, but for us, we still look at demand conditions in the US. You look at in even the inflation numbers in the US this coming at a reasonable fashion, we don't seem to be on the cusp of a recession just yet. So I think the feds like the CB like investors at the moment really very much in this wait and see kind of mode until we see what happens with with trae. Now, if the trade tensions, really do flare often do have a material impact on consumer confidence, and on growth in the US, then, perhaps, then the fed does have to react to do get that cut cut coming through. But that's not our base case, Ben, thank you very much. Thanks for joining us here in our London radio. Studio. Ben Jones seen senior multi-asset strategist at State Street with us today. Just a host of topics. Now, let's get the latest and go. Global news. He's been back, Sandra. Kilhof with more on the Indian inactions. Good morning. Anna Narendra Modi is expected to win a single party majority in India's election vote counting is underway. And Bloomberg's Ian mono says we should expect a result in just a few hours, prime minister Narendra Modi is widely expected to win following a grueling contests. That focused squarely on his leadership after military clash with rival, Pakistan ahead of counting opposition. Leaders have raised questions about the integrity of the electric voting machines use, but the agency has rejected these accusations in New Delhi. Ian Marlow Bloomberg daybreak Europe, tending to Indonesia was six people have died in the west political violence in Jakarta in twenty years. Incumbent incumbent president Goku dodo has denounced the unrest. I will not tolerate anyone who disrupts security, which would disrupt the democratic process and disrupt the unity of our beloved country, especially those rioting on the streets. Supporters of former general pagosa Bianco protesting his defeat in the presidential election and his legal team now says they will launch a legal challenge to the result. The leaders of both camps of Libya's divided nation say they aren't ready to put down on doing begs. Greg gerski says chances of a ceasefire had faded in Paris, strongman Khalifa, half tar toll president macro, he'll keep going until militias in Tripoli, or disarmed, and in Tunis prime minister Sarraj said he'll keep going until half. Dr withdraws his troops. Both, for instance, inisia- are working towards a ceasefire, but their pleas fell on deaf ears in Paris. Gregory viscosity daybreak Europe and African swine fever spreading across China, according to the UN government measures to stem the deadly disease have been insufficient Chinese young when Guo has lost more than eight hundred pigs. You by pigs. Then they all Di I bought another.

US Europe Taiwan Federal Reserve Ben Jones London Deutsche Bank Samsung Anna Narendra Modi Commerzbank Germany CEO Google New Delhi Pakistan South Carolina Frankfurt
"commerzbank" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

03:39 min | 3 years ago

"commerzbank" Discussed on WBZ NewsRadio 1030

"Blue skies. Fifty six degrees involved at two o'clock. Good afternoon. This is WBZ news. And here's what's happening. We're standing by the newsroom force significant vote in Washington right now, the House Judiciary committee is about to vote on whether to subpoena attorney general William Barda testify to force him to appear even as the president pulls out the power of executive privilege to try to stop him. Here's CBS's Steven Dorsey with more public in say, the committee subpoena would force bar to break the law. But chairman Jerry Nadler says the subpoena doesn't include protected information in the Muller report. Like grand jury information. Instead, he says he wants to work with the Justice department to petition the court for its release Jerry Nadler, the chairman of the committee said ahead of this committee vote that he wants to hold the AG William bar in contempt of congress for not turning over a fuller version of the Muller report. Again, we're standing by. We'll let you know as soon as that develops are a crime tape in an active crime scene swirling around a triple decker in Dorchester on this bright afternoon, a grim crime. But what happened WBZ's Kim Tunnicliffe on scene live now with more on what's being called a death investigation. A lot of mystery surrounding this crime Kim, that's right, Laurie. One neighbor. I spoke with reported hearing sticks gunshots around ten this morning while he was working on his car outside here on Milton avenue. Police responded to the scene of town demand dead inside a triple decker at sixty six Milton out. He was suffering from injuries, but police superintendent Paul Donovan would not characterize the nature of those injuries. He would not say whether the man was suffering from done shots. And he also would not say whether thirties are searching for a suspect. All he said is this is part of the investigation. And that this point it's considered a deafened. Vested in Dorchester. Kim Tunnicliffe WBZ Boston's NewsRadio or Tim. Thank you a baby stroller. Hit by a car in Worcester. Earlier WBZ TV's Beth Germano on senior Chandler street. This is right near the stadium in Worcester. Well, police remain on the scene. We are now starting to get more. Details of what happened here within the hour. If you take a look behind me there were two cars involved that red car, according to police was stopped at this Chandler street. Intersection outside Commerzbank field police say the silver car that you see came up hit the red car and then veered into the intersection where a grandmother was waiting to cross with a three year old in the stroller. They were struck by that silver car. They were taken to the hospital, and we are told they are in stable condition with non-life threatening injuries. You've also learned that to DPW workers witnessed the crash will have more throughout the day on busy radio and the iheartradio app. An eighteen year old shot to death that a stem school in Colorado would've finished his. High school career this Friday, eight other students young students were wounded in the attack. We have new information about the suspected shooter's now in jail here in Douglas county, and at least initially cooperating with police is an eighteen year old man and a teenage girl both accused of opening fire on their campus. Here Douglas county sheriff Tony spurlock says how the two are connected. They don't know that the only thing that we know of a relationship between those two is that they were friends from the school. So other than that. We don't have any other information about how those two got together. He says it to war hoodies and used handguns to attack their school. Alex stone ABC news highlands ranch. Colorado, traffic.

Jerry Nadler Kim Tunnicliffe House Judiciary committee Dorchester chairman Muller Beth Germano WBZ William Barda Douglas county Colorado Milton Worcester Tony spurlock Paul Donovan CBS Commerzbank field Steven Dorsey Washington congress
Deutsche Bank-Commerzbank merger talks collapse

WSJ What's News

00:29 sec | 3 years ago

Deutsche Bank-Commerzbank merger talks collapse

"This morning after years of flirting with a tie up to German banking giants have called off their merger talks Commerzbank and deutchebanks said they'd ended the merger talks which puts in tatters, the German government's plans to shore up both banks. It's also likely to unleash fresh attempts by other banks to try and scoop up one or both of them a process that could spur the biggest reshuffling of European banking assets. Since the financial crisis.

Commerzbank Deutchebanks
Deutsche Bank, Commerzbank And Karen discussed on Bloomberg Surveillance

Bloomberg Surveillance

00:10 sec | 3 years ago

Deutsche Bank, Commerzbank And Karen discussed on Bloomberg Surveillance

"Karen talks between Commerzbank and Deutsche Bank over the German. Linda's ended merge discussions saying combination wouldn't create sufficient benefits offset

Deutsche Bank Commerzbank Karen Linda
German bank merger crumbles as Deutsche Bank tie-up talks with Commerzbank end

Bloomberg Surveillance

02:04 min | 3 years ago

German bank merger crumbles as Deutsche Bank tie-up talks with Commerzbank end

"Let's start with the main event. A big story this morning, Deutsche Bank and Commerzbank. The talks are Hoover. I want to bring in Bloomberg's Matt Miller to get up. To speed on the end of merger talks. What broken well Berlin has been against this really from from day one with the exception of the finance ministry, Olaf Scholtz and his deputy your cookies were really the driving force behind these talks to begin with. But as soon as people started talking about thirty to forty thousand job cuts as a result. It just was it just was a bad look for everybody here and Anglo miracle and the rest of the and the rest of the powerful politicians in the capital fought against it. So from Deutsche Bank perspective, it was just at least what they said this morning, it just proved to be too expensive and too complex to pull off. But from a political perspective, it just wasn't gonna fly so coma. Spanked potentially have got other downspouts we've seen in the news. I and cheer interested. We've seen in the news several reports that only credit is said to be interested as well. Where does it leave? What you back, man. Yeah. I actually asked. To the CFO James von Moltke this today because obviously by stepping out of the running to buy Commerce Bank. They leave themselves open to competition in the future. If someone else comes in buys Commerce Bank. They can get big in Germany, listen to what on mulkey told me. Yes, we do envisage over time that industry consolidation will take place in Europe, and the dodger bunk wants to be part of that the timing and the specific form of that obviously remains to be seen. We've talked a lot about doing our homework to continue executing on our plans executing on the restructuring of the company and the improvement in our shareholder returns. So not only did they discuss the facts that Commerce Bank could become really serious competition. If they get taken over by European competitor. They do want to stay in the consolidation of European banks going forward just not right now

Commerce Bank Deutsche Bank Hoover Olaf Scholtz James Von Moltke Commerzbank Bloomberg Matt Miller Berlin CFO Europe Germany
"commerzbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:01 min | 3 years ago

"commerzbank" Discussed on Bloomberg Radio New York

"Than we had anticipated. They still work to be done and Italy still as a high level of foaming Low's relative to other European banks. But then not taking this really serious. Dan, begging, don't, you know, everything is is a motto risks on rewards. And it's quite suggests that those countries that have a sound banking and finance system. Look at the others and say, well, what about you all you a sound sullied and healthy as we are. So that began bring bring L full-service together, and and be more solid together. Multiple risking mostly. We talked about Deutsche Bank and Commerzbank today. One example every day, and this is political will breaks, it's maybe not financial will because both boards are against it. How how do you take? Take that as I hope good business common sense fails. And we the view on the pulse of the authority to maintain stability. I think those other imperatives that should guide everybody. Good common business sense. I hope they spent him and stability as far as the authorities are concerned because that's responsible for President Trump again willing after trading partners. You just assume. Era of trade more likely receive China now in outdrew to are the trading partners. I really hope that we see a reduced trade tensions because we know that trade is critical for growth for productivity for innovation for employment. And this is what we need at the moment. Come contributor convinced that many authorities around the world, including Preston, Trump, all supportive of trait. But we need to have fair trade we need to reciprocate benefits in trade. And as a result clearly things need to be fixed, the W two level. So in at the domestic level where people should not be left to the side of the year..

China Trump Italy Deutsche Bank Commerzbank Dan President Preston outdrew
Equities rally slows as trade talks continue in Washington 

Bloomberg Daybreak: Europe

02:44 min | 3 years ago

Equities rally slows as trade talks continue in Washington 

"Let's start with banks. I'll let you take it over from here. Let's start with comas Bank. The the bank's index. Hey, so we had this report for the financial times that UniCredit considering preparing a bid which would according to. This would involve them building up his taking comes back and then combining with their own German unit if the deutscher mindue falls through and it's worth noting this morning. We also had a story that as far as it goes most size of the political spectrum in Germany seems to be giving a big thumbs down the Deutsche Bank, Commerzbank merger possibly could endanger for some point this year and UniCredit may well step in. Yeah. And the reaction we're seeing Deutsche Bank opening up down some eight tenths of a percent on the flip side. You're seeing Commerzbank actually one of the best performers on the stock. Six hundred right now of three point three percent. So we're seeing some reaction coming through the early doors. Let's talk about stocks related to the potential outcome on Brexit as well. What are you folks? It's becoming almost impossible now to predict what stocks are going to be based on bracing on the anything. Hey. That's not too far off. I mean, you would think is just talking about Bill went through actively blocking a no, do you could argue this adds more uncertainty because of course, everything agreed with the EU which seems to get forgotten when we talk about Brexit, but this morning a lot of the companies you would expect he benefit from. This says government contractors some of the domestic pencil Lloyd's, for example is much lower this morning down. But we also have a couple of going up. So some of the house Bill does Berkeley Barra. Their arising robot of Scotland is this morning completely mixed reaction. No greater action for breakfast, sensitive stocks this morning. I just want to bring some headlines coming through. Because of course, what we were expecting today was the listing of Merced drilling. So this, of course, a demerger happening from AP Mullah mercy. Api immerse shares by the way, falling some ten percent after that Moore, sterling demerger and looking at most rolling shares. They have been valued at twenty three point nine Bill. Danish kroner in the Copenhagen debut. I think that's the latest number. We've got but we'll come back to that. And update you as those numbers come through one. Keep an eye on saga talked to us about that. Yes. Saga pretty comprehensive profit warning from saga today. So the profit warning for the coming year there will say writing down assets changing the structure their business with the right downs mainly to do with the insurance business and they cut their dividend. So basically, everything you could possibly do to make a shell somewhat upset and indeed shares down thirty seven percent right now and actually fell a little bit more than just the they are going to be a day very much in the

Comas Bank Unicredit Bill Commerzbank Deutsche Bank Brexit Mullah Mercy Berkeley Barra Merced EU Germany Scotland Moore Thirty Seven Percent Three Percent Ten Percent
"commerzbank" Discussed on AP News

AP News

02:51 min | 3 years ago

"commerzbank" Discussed on AP News

"Adventure is the way. Commerzbank employee representatives are referring to a possible merger with Deutsche Bank? Germany's agency DPA says Commerzbank's employee council has sent a protest note to management urging the company to break off talks the major German lenders announced March seventeenth they would discuss a possible combination which the country's finance minister reportedly views favorably. There's widespread skepticism about the merits of a merger between two companies overhauling their businesses after years of trouble as well. As concerns about the possibility of large-scale job losses. Another as side a big contract. The New York Madison pitcher Jacob degrom have reportedly agreed to a five year deal worth one hundred thirty seven point five million dollars to Graham won the Cy Young award last season and had agreed to a one year contract which would have made him a free agent in two twenty twenty the new deal features an opt out for degrom after the twenty twenty two season when he can become a free agent. The righty who turns thirty one in June had a one point seven ERA last year yet went ten to nine. However, he allowed three runs or fewer in twenty nine consecutive starts to close the season. Despite an unofficial ceasefire generally holding in the Middle East AP's, Charles de LA desma reports the Palestinian teenager has been killed in clashes with Israelis the Palestinian health ministry says an eighteen year old has been shot dead in West Bank clashes with Israeli troops. If it'll say Israeli soldiers shot the teen off the stones with runner them joining an arrest rate in a refugee company Bethlehem two others were wounded in the clashes which come amid an uptick in West Bank violence, the Israeli military had no immediate comment. It often carries out pre-dawn arrest rates. I'm Charleston desma. I'm Rita Foley with an AP news minute. Attorney general William Barr says he'll release at least a partial version of Robert Muller's Russia report in April. The report found no evidence of conspiracy between the Trump campaign in Moscow. But the president still fuming telling Fox News channel, Sean Hannity. You could never allow this to happen to another president. This could never ever happen to a president again show. That was a disgrace resident Trump rallies in Grand Rapids, Michigan tonight. As Jackie Quinn reports. His rally will focus on his accomplishments, including low employment tax cuts and fire power against the group the Islamic state. The president will also celebrate the completion of special counsel Robert Muller's Russia investigation. Jackie quinn. Washington one winning ticket and last night's Powerball drawing seven hundred sixty eight million dollars the cap cash option is four hundred seventy seven million dollars. I'm rita. Oh, lay more news right after this. I'm.

president Commerzbank Robert Muller Jacob degrom West Bank Jackie quinn Deutsche Bank Charles de LA desma Russia Washington DPA Germany Rita Foley finance minister Graham Sean Hannity Bethlehem Moscow Grand Rapids
"commerzbank" Discussed on AP News

AP News

02:42 min | 3 years ago

"commerzbank" Discussed on AP News

"Global factory network Volkswagen says combining data from its one hundred twenty two factories will allow it to standardize production, planning and management of inventory that should raise efficiency and lower costs. Volkswagen says it's industrial cloud to be developed with Amazon web services would be an open platform that other companies such as suppliers could join. Unmanageable adventure is the way. Commerzbank employee representatives are referring to a possible merger with Deutsche Bank? German news agency says Commerzbank's employee council has sent a protest note to management urging the company to break off talks the major German lenders announced March seventeenth they would discuss a possible combination which the country's finance minister reportedly views favorably. There's widespread skepticism about the merits of a merger between two companies overhauling their businesses after years of trouble as well. As concerns about the possibility of large scale job losses. People can now get to Sesame Street, by way of SeaWorld Orlando following the opening of a new six acre attraction families can walk down Sesame Street. Stop by big bird's nests and the famous stoop and interact with characters on video monitors at the new attraction, which marks the theme parks boldest step away from live killer whale shows Sesame Street lens located where the kid friendly shampoos. Happy harbor used to be legal Florida in winter haven, just down the interstate from SeaWorld is also debut in area based on the LEGO movie and its sequel both additions to central Florida's theme park landscape are aimed at young families. Guilty plea in Charlottesville. I'm Tim Maguire, the AP news minute, an Ohio man pleads guilty to federal hate crime charges in a deadly car attack at a twenty seventeen white nationalist rally in Charlottesville, Virginia. US? Attorney Thomas Collins has dropping the death penalty case in exchange for James, Alex fields juniors plead to the twenty nine other charges was good to see potential life imprisonment was an acceptable result. We also believe that it vindicated our interest in protecting the civil rights victims fields was convicted of first degree murder. Another state charges for killing Heather higher and injuring dozens of others. He is likely to be sentenced to life in both cases Facebook extends its ban on hate speech blocking the promotion and support of white nationalist and white separatism the site says it worked on the change for three months. It comes less than two weeks after Facebook was sharply criticized when the suspect in the shootings at Tunas Elam. Mosque was able to post a video of the massacre live on Facebook. I'm.

Facebook Volkswagen Commerzbank Charlottesville Florida SeaWorld Orlando Amazon James Tunas Elam Deutsche Bank Heather higher finance minister Tim Maguire first degree murder AP Ohio
"commerzbank" Discussed on AP News

AP News

01:31 min | 3 years ago

"commerzbank" Discussed on AP News

"Airlines says it'll lose one hundred fifty million dollars because of the US government's grounding of all Boeing max eight jets as the airline with the largest fleet of the planes. It says it had to cancel about twenty eight hundred flights after the grounding which followed an Ethiopian Airlines crash in which one hundred fifty seven people died southwest said in a filing on Wednesday that it had to cancel an additional sixty six hundred flights from mid February through the end of March because of weather and unscheduled maintenance. An unmanageable adventure is the way. Commerzbank employee representatives are referring to a possible merger with Deutsche Bank? German news agency says Commerzbank's employee council has sent a protest note to management urging the company to break off talks the major German lenders announced March seventeenth they would discuss a possible combination which the country's finance minister reportedly views favorably. There's widespread skepticism about the merits of a merger between two companies overhauling their businesses after years of trouble as well. As concerns about the possibility of large-scale job losses. Healthcare is again, a focus in Washington AP, Washington. Correspondent saga megani? Says both parties are claiming the mantle the Trump administration now wants to scrap the entire Obama healthcare law, and that's giving Nancy Pelosi Democrats an opening to accused the GOP of tried to hurt Americans. People could die. She and other democratic leaders are eager to focus on healthcare after the special counsel investigation. So too are the president and the GOP the Republican.

Commerzbank GOP Ethiopian Airlines Boeing US Deutsche Bank special counsel Nancy Pelosi Obama Washington finance minister president one hundred fifty million doll
"commerzbank" Discussed on AP News

AP News

01:34 min | 3 years ago

"commerzbank" Discussed on AP News

"A different version of the blockbuster film. Bohemian rhapsody has been released in China and movie goers. There aren't happy about it. The bio-pic chronicles the life of Queen frontman Freddie Mercury but was heavily censored erasing mentions of his sexuality. Those who saw both versions say scenes in which mercury reveals that he is not straight and that he has aids were cut or abruptly muted and a kiss shared by mercury and his longtime partner, Jim Hutton is also missing while LGBTQ content is generally less taboo than other topics which Chinese authorities deemed sensitive same sex relationships are still virtually absent from mainstream media with Chinese video site, mango TV livestream, the Academy Awards in January star Robbie Malik speech was subtitled to read special group. When in fact, he said gay man, one LGBTQ advocate and China's said, it was a pity scenes were removed calling it just respectful. An unmanageable adventure is the way. Commerzbank employee representatives are referring to a possible merger with Deutsche Bank? Germany's agency DPA's has Commerzbank's employee council has sent a protest note to management urging the company to break off talks the major German lenders announced March seventeenth they would discuss a possible combination which the country's finance minister reportedly views favorably. There's widespread skepticism about the merits of merger between two companies overhauling their businesses after years of trouble as well. As concerns about the possibility of large-scale job losses. A leader. In Britain's two-tone Scott movement back.

Freddie Mercury Commerzbank China Jim Hutton Deutsche Bank Robbie Malik Academy Awards DPA Britain Germany finance minister partner
Commerzbank Hires Goldman, Rothschild as Advisers

Biz 1190 Overnight featuring Bloomberg Radio

00:22 sec | 3 years ago

Commerzbank Hires Goldman, Rothschild as Advisers

"Commerzbank has hired Goldman Sachs then Rothschild to advise merger talks with Deutsche having previously worked as a team on other potential takeover offers sources say Georgia is yet to formally appointed visors for deal successful merger could create Europe's fourth largest Bank by assets and help lower costs and funding expenses, the German government says it will accept job

Commerzbank Goldman Sachs Rothschild Deutsche Georgia Europe German Government
"commerzbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:16 min | 3 years ago

"commerzbank" Discussed on Bloomberg Radio New York

"President Trump waiting into labor politics calling for General Motors and the UAW to reopen and Ohio factory. Plus the merger of Deutsche Bank and Commerzbank setting shares of both of those bags higher, but really how much Camis banks, inC, prove their actual revenues. Let alone cost savings right now, though, let's head over to Greg Jarrett. Crepe Bloomberg business flash, Greg what we're off earlier highs. Lisa bet we're still a bit in the grains, Dr did drift upward very busy week for market. The and is back with a few days of its record high set last. Autumn energy companies and banks had some of the biggest gains one key to the recent rally has been the belief. Federal Reserve will slow pace of increases for interest rates return BlackRock global chief investment strategist tells Bloomberg there is concern. Investors are being lulled into complacency because of a view of the fed off price for much easier policy across the board. Right. But when we think about where the risks saw to that consensus, then the risk the fed. The fed is still more likely to be up than down. If we check the markets every fifteen minutes throughout the trading day on Bloomberg radio. S P five hundred is up a tenth of a percent up two thousand now down two tenths percent down forty two. And the NASDAQ is little changed up three the ten years down to thirty seconds. The yield is two point five nine percents. West Texas intermediate crude oil is up eight tenths of a percent of defeat ninety seven a barrel, while COMEX gold's up two tenths percent thirteen o four ninety ounce. The dollar yen one eleven and fifty three the euro dollar thirteen thirty eight the breach founded dollars thirty to twenty two asks for advice by young people about what's the future the word used to be plastics now. It's boop. Boop. The style brand held by Gwyneth Paltrow's best on online product platform for luxury goods yet. To the surprise of the medical community. The company has become the epicenter of the multi trillion dollar wellness industry. The market spans everything for mind body medicine was four point two trillion twenty seventeen and grew almost thirteen percent two years. That's a Bloomberg business flash. I'm Greg Jarrett. Bloomberg markets with Lisa Abramowicz. Pulse. Weenie on Bloomberg radio over the weekend. President Trump tweeting about General.

Bloomberg Greg Jarrett Crepe Bloomberg Federal Reserve President Trump Lisa bet General Motors Gwyneth Paltrow Commerzbank UAW Deutsche Bank Ohio Lisa Abramowicz inC BlackRock West Texas
Deutsche Bank, Hang Seng And Commerce Bank discussed on Bloomberg Daybreak: Europe

Bloomberg Daybreak: Europe

01:24 min | 3 years ago

Deutsche Bank, Hang Seng And Commerce Bank discussed on Bloomberg Daybreak: Europe

"That's right. And we're looking at first of all I should say the reason I'm here. If you just tuned in is that yesterday, Deutsche Bank and Commerzbank. Both both announced that they were officially going into merger talks or talks to work together in some way to try and overcome the problems that they both have. So I've come to Frankfort to talk to a number of shareholders and stakeholders in these two banks and try and figure out what's going to happen. It's still could take months of negotiation before the bigger Deutsche Bank buys the smaller Commerce Bank. But the government is firmly behind it and has given them the okay to cut jobs pretty drastically. Which is what they would need to do. So now, we're here to watch. What happens? It'll be interesting to see what happens to the shares today. It's not like this is necessarily surprise. We've been expecting this informal. Talks been going on for months, but we do see shares otherwise rising around the world. So Asian shares the. Japanese indexes, for example, or up about seven tenths of one percent. The Hang Seng in Hong Kong is up more than one percent. The CSI three hundred in China is up two point six percent. So there's quite a lot of. Risk on sentiment in markets. And we see that reflected in European and US equity

Deutsche Bank Hang Seng Commerce Bank Commerzbank Frankfort Hong Kong United States China One Percent Six Percent
"commerzbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:34 min | 3 years ago

"commerzbank" Discussed on Bloomberg Radio New York

"Air accident. Investigators in France are now studying information from the cockpit voice recorder of the crashed eighty OPN airlines jet. They're also jamming the flight data recorders correspondent Oren Lieberman in France says investigators are looking closely at a piece of evidence found at the crash site that piece according to the New York Times is a Jack screw and it sets the position of the stabiliser on an aircraft. It was found in a position the crash site. That would have had the stabiliser put the plane in a nose down position that would force an airplane to go very fast and force an airplane to dive, which right after takeoff is very unusual and very dangerous. The question why was in that position? A fund set up to help the families of the fifty people killed in a Moscow tax in New Zealand along with those who are injured has quickly reached three million dollars Senator Kirsten gillibrand today announced she is running for the democratic party's nomination for president. I'm Christopher cruise. And I'm Susanna Palmer from Bloomberg world headquarters, Bloomberg has learned to Deutsche Bank and Commerce Bank are ready to announce they are talking about a merger this after the German government signaled it will allow job in cost cuts the boards of both companies are planning to meet separately. As a first step Deutsche Bank and Commerzbank declined to comment. Bloomberg has learned Aaliyah's S E is exploring the possibility of a combination of its asset management arm with deutchebanks DWA group. A source says it's early in the deliberations in the talks might not go anywhere as we've been reporting the Arlington Virginia county board unanimously approved a twenty three million dollar incentive package for Amazon to build a headquarters facility in crystal city. The five zero vote yesterday was the final action granting local and state subsidies to Amazon as part of its much publicized plan to create at least twenty five thousand jobs over twelve years. Investors took heart from last week's gains that saw the S and P five hundred rise two point nine percent for. The week. What's next terrific? La is no Mariah asset management's Middle East CEO. He's optimisitic the current downturn that we see in economic data is somewhat temporary and later on as we start to see some of these short term issues resolved like the trade discussions with China and Brexit than we sought to see the economy recovering again in the second half was interviewed on Bloomberg television. Facebook in Twitter posts says it removed a one and a half million videos globally of the Christ Church. Malls attack in the first twenty four hours Facebook sites, New Zealand's, spokeswoman Mia, garlic..

Bloomberg Christopher cruise France Facebook Senator Kirsten gillibrand New Zealand Amazon Deutsche Bank and Commerce Ban Bloomberg world Deutsche Bank Oren Lieberman New York Times Arlington Virginia deutchebanks DWA group Susanna Palmer Moscow Christ Church Commerzbank
Deutsche Bank set to announce merger talks with Commerzbank: source

Bloomberg Businessweek

00:53 sec | 3 years ago

Deutsche Bank set to announce merger talks with Commerzbank: source

"Has learned to Deutsche Bank and Commerce Bank are ready to announce they are talking about a merger this after the German government signaled it will allow job in cost cuts the boards of both companies are planning to meet separately. As a first step Deutsche Bank and Commerzbank declined to comment. Bloomberg has learned Aaliyah's S E is exploring the possibility of a combination of its asset management arm with deutchebanks DWA group. A source says it's early in the deliberations, and the talks might not go anywhere as we've been reporting the Arlington Virginia county board unanimously approved a twenty three million dollar incentive package for Amazon to build a headquarters facility in crystal city. The five zero vote yesterday was the final action granting local and state subsidies to Amazon as part of its much publicized plan to create at least twenty five thousand jobs over twelve years. Investors took heart from last week's gains that saw the S and P five hundred rise two point nine percent for

Deutsche Bank And Commerce Ban Deutsche Bank Amazon Deutchebanks Dwa Group Commerzbank Arlington Virginia German Government Bloomberg Aaliyah Twenty Three Million Dollar Nine Percent Twelve Years
"commerzbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:56 min | 3 years ago

"commerzbank" Discussed on Bloomberg Radio New York

"Across this is Bloomberg daybreak Middle East. I'm used to buy and manage cranny by longside traders are hitching their wagon to a rallying Yuan. Goldman Sachs say that for values around six point five eight moved our targets for three six and twelve month all a little bit lower six sixty five on the threes and sixes Commerzbank say, of course, be wary because the PM is could come back to bite you this week. So all of this excitement about trade deals. It's pointing the wand, but you could get cooled. Yeah. Absolutely. And it's all you for you because you can sense that the market was expecting some of this progress, and we haven't seen the kind of massive moves that we've seen in the past. But I want to take your attention to is what's happening with gold. That's still holding onto gains off the back of a report as well. From J P Morgan day point to defend actually, the appointed to train what they're saying. Is you know, what if they're gonna let it flation run above target? Then maybe you should be looking at some. Hedges? Maybe it should be looking at gold and some of the tips as well. Let's check in on the wider market action. See what's happening in the Asian equity session. Yep. At the GM day. Trump's it all by the way, it is delivered nearly double the returning. You've got the S and P five hundred seven weeks of gains, the longest winning streak since two thousand sixteen and outgunning world stocks. A trillion dollars has been added JP Morgan say don't expect a big stock boost on a trade extension. They are wary of all of this enthusiasm that we've had just turned to right headline. The China is China index extending gains to five percent. That's the most sense of Tober. Also, the commodities complex. We've got copper at the highest level since July. This is reflecting. What a trade deal would due to the demand story. It would help re-instill confidence across the supply chains. You're seeing this as well in zinc a little bit of a negative patch towing IRA. No, okay. Let's get your first headlines from around the world Annabel.

Goldman Sachs JP Morgan Commerzbank Middle East China Bloomberg Hedges GM Trump Tober five hundred seven weeks trillion dollars five percent twelve month
"commerzbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:41 min | 3 years ago

"commerzbank" Discussed on Bloomberg Radio New York

"The data. We do that. Every fifteen minutes here on Bloomberg radio up by four tenths of one percent on the stock six hundred this morning. The Footsie-100 pacing those gains the CAC count up by six Amazon should acts up by three tenths. So we have a broadly positive session here in Europe making some medicine gains across European equity markets, the earning season very much in full swing credit Credit Suisse coming through with numbers and that stock down by two point three percents on the back of that global markets the loss bigger-than-expected there says the outlook for trade their trading business looks pretty cautious. So that's weighing on the stock. The Commerzbank numbers being taken as a positive thing by the Mark is up by two and a half percent. We had Schneider Electric giving numbers to the market earlier on as well. And that stock. Up by four point six percent today. Flag that they're going to do some asset sales DSM in the chemical space up by seven percents after their numbers. Nestle a heavyweight on the stock six hundred of course, up by three percents after they said, they're going to consider selling Hurter. This is their lunch meat business. And we got Airbus up by four point eight percent this morning. The end of an era of the three eighty and just sort of a comment from the CEO of Airbus saying that the Airbus A three hundred probably came a decade too late. We'll think about the the passing of our era in aviation. Well, we just check the oil price up by one percent this morning. Fifty four forty six is where we trade Matt Miller. Good morning. Good morning to you. And I'm here in Frankfurt as you said getting ready to go over and talk to the CFO of Commerce Bank. That'll be a particularly interesting interview for a few different reasons. First of which is that they're not going to meet a number of their targets. So they had previously planned to cut jobs down to thirty six thousand by. Next year. They're going to have more than thirty eight thousand headcount they previously planned six percent return on tangible equity by next year. They're not gonna be able to make that. And they say they're feeling less of a tailwind from the German economy than they had expected. So I'm gonna be asking what all that means. If it forces them closer to a merger with Deutsche Bank, which is of course, the main storyline that everyone's talking about in terms of these banks. Yes, indeed, Bank is automation. Certainly something. We've talked about many times, let's talk now to Ben Jones senior multi-asset strategist at State Street joins me here in the London studio. Good morning once again, TD, Ben very good to have you with us. So we only earning season. We've had a lot of numbers out of the banking sector. Is there anything that? You can see that would make you interested in the banking sector right now. The European equities achieve banks, maybe do look cheap. But that doesn't mean that you're going to want to buy them my surprise..

Deutsche Bank Airbus Bloomberg Commerzbank Schneider Electric Credit Suisse Nestle Amazon Europe Frankfurt DSM Ben Jones Matt Miller Commerce Bank CEO CFO London studio
"commerzbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:38 min | 3 years ago

"commerzbank" Discussed on Bloomberg Radio New York

"Someone blows their nose behind you. Great to have you with us. The Bloomberg business flash. Here's Leon guarantee with more on what's going on around the world. She's never blowing her nose on. No, I'm not. Let me just composed myself there. Good morning, Nara, thirteen same sex couples across Japan or taking legal action against the government today demanding the right to get married. They'll suing for symbolic damages arguing that being barred from marriage, violates their constitutional rights. Japan is the G seven country that does not allow gay marriage. Paul Manafort has broken his plea deal by repeatedly lied to. Prosecutors. This comes after he agreed to cooperate with special counsel Robert Mueller's investigation into Russian interference in the two thousand sixteen election in her ruling on Wednesday. Judge Berman Jackson said there was evidence that showed Manafort had lied about contacts. He had with the Russian political consultant and finally Nassar's along longest running Rover on bass has been pronounced dead. Fifteen years after it landed on the red planet opportunity was built to operate for just three months but was killed off by a dust storm eight months ago, global news twenty four hours a day on. Erin at tick tock on Twitter thou- by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm on guarantees. This is Bloomberg Markus. Thanks so much Leon. I the three eighteen now the Mars Rover. Anyway, we'll organize some sort of wake a little bit later on. Let's turn to pancakes. Next. Trading. Losses at Credit Suisse are eclipsing gains in the wealth management business. The Swiss Bank posted a larger than expected loss in its global markets division. CEO John says geopolitical concerns are making him nervous, boys. Nervous. But. My my my concert on nervous. Yes. These are well known whether it's China. Straight this difference from newsroom daily. So that was to downtown speaking they're a little bit earlier joining us in the London studio to break down the figures out of the Swiss Lander Jonathan Thais senior European banks analyst for Bloomberg intelligence festival other things then for two Jonty, I'm to be nervous about suit. He be nervous thing. What's positive is? That all the banks are giving us the end. The he was horrible and one Q is is better. So that's consistent across the banks in terms of flows money flows. Credit Suisse looks better than UBS. Clearly, the market is still difficult. We're in a bit of a bull market at the moment. And we know that trading has recovered very well in the first quarter. But yeah, I think it's easy competition is he's talking about the global sort of revenue for fixed income you cetera. Shrinking I think he's right there. So the structural challenges that have always been there are still as strong as ever why was it that wealth management clearly held up in contrast with some of its peers the difficult to say because if you look quarter-by-quarter regularly you get a surprise. Yeah. The net flows. We know in the US, for example, the tax effect hit some of the Europeans hit UBS. These guys less sort of flat net new assets for the quarters are pretty good results. Really? So where Taylor now the three year restructuring over at case has it then paid off I suppose that's a follow on question from that. They've played with them what they said. But clearly because revenue strains continue this is sold by costs. And so they're going to have to manage cost very very tightly and the outlook isn't great. I mean, capital wise, twelve and a half percent. And they're actually got into the may dip below that target this year as well. So capital something across the banks. And because of the explosion in volatility in four key. We've seen some disappointments Commerzbank today, I mean, that's a capsule mess and that flab dividend in two thousand nineteen rather than any growth. So I think the one thing we're getting from these results is capital is still an issue. We're getting things about the trim review, which means there's more capital pressure for European banks the next twelve months. Yes. Speaking of the next twelve. Months? I'm looking at TI blog and saying that TM says this year will be interesting as the Bank is not restructuring anymore while other banks. Do he says we've done our cutting where well positioned to gain share all they know Frank. The the issue. We've still got is the US banks deutscher clearly still sitting in that have share. We know. I mean, I think Barclay's will be the most interesting actually, I'm gonna give them the activist shareholder their Credit Suisse, it's sort of sticking to its knitting. And I think it results a solid, but they're going to have to have a new plan, and it will again, focus on are. We needing to improve. It's going to have to focus on a fishing because they can't give us with any sort of certainty. Appropriate look on revenues your quick take on Commerzbank has well lowering revenue targets but zeal delivering on costs. No surprises, the main revenues just horrible in Germany, and the whole point there is are they going to merge with sure is going to be the acquirer that's going to be the focus of the call. And I think top line was slightly less better than expected. I should say capital a little bit disappointing. But that's not the story here. I mean, this is would you be short this ahead of potential Deo? No boys up four percent in a bit of short-covering. Do these results? Tell us anything about the balance so to speak between Deutsche and Commerzbank as as. So much talk about a potential merger envisage just about the domestic overlapping corporate and retail and the ability to take ten or fifteen percent. Of course, they're completely different businesses. Both funding very tough in Germany and Dale is needed. Thank you so much for joining us in the studio. Jonathan Thais our senior.

Credit Suisse Commerzbank Japan Jonathan Thais US Paul Manafort Bloomberg Germany Bloomberg Markus Leon Nara Nassar Robert Mueller Judge Berman Jackson Swiss Bank China Erin special counsel
"commerzbank" Discussed on WAFS Biz 1190

WAFS Biz 1190

05:36 min | 3 years ago

"commerzbank" Discussed on WAFS Biz 1190

"Great to have you with us. The Bloomberg business flash. Here's Leon guarantee with more on what's going on around the world. She's never blowing her nose on. No, I'm not. Let me just compare myself. They're getting Neera thirteen same sex couples across Japan will taking legal action against the government today demanding the right to get married. They all suing for symbolic damages arguing that being barred from marriage, violates their constitutional rights. Japan is the G seven country that does not allow gay marriage. Paul Manafort has broken his pay deal by repeatedly lied to. Prosecutors. This comes off the he agree to cooperate with special counsel Robert Mueller's investigation into Russian interference in the two thousand sixteen US election in her ruling on Wednesday. Judge Berman Jackson said there was evidence that shade. Manafort had lied about contacts. He had with the Russian political consultant and finally Nassar's along longest running Rover on bass has been pronounced dead. Fifteen years after it landed on the red planet opportunity was both to operate for just three months but was killed off by a dust storm eight months ago label knees twenty four hours a day on air. Tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts symbol one hundred twenty countries. I'm the on guarantees this is Bloomberg Markus. Thanks so much Leon. I the three eighteen now the Mars Rover anyway will organize some sort of wake a little bit later on. Let's turn to Connex next. Trading. Losses at Credit Suisse are eclipsing gains in the wealth management business. The Swiss Bank posted a larger-than-expected loss in its global markets division. CEO John says geopolitical concerns are making him nervous, boys. Nervous. But. Console on nervous. Yes. So well known whether China straight from newsroom daily. So that was the town speaking they're a little bit earlier joining us in the London studio to break down the figures out of the Swiss land, Jonathan Thomas senior European banks analyst for Bloomberg intelligence festival other things then for John to be nervous about shoot. He be this. What I think what's positive is that if you look at all the banks are giving us the end, the he was horrible and one Q is is better. So that's consistent across the banks in terms of flows money flows. Credit Suisse looks better than UBS. Clearly, the market is still difficult. We're a bit of a bull market at the moment. And we know that trading has recovered very well in the first quarter. But yeah, I think it's still not easy competition is he's talking about the global sort of revenue for fixed income you cetera. Shrinking I think he's right there. So the structural challenges of always been there are still as strong as ever why was it that wealth management clearly held up in contrast with some of its peers difficult to say because if you look quarter-by-quarter regularly you get a surprise. Sort of a net flows. We know in the US, for example, the tax effects hit some of the Europeans hit UBS fit. These guys less sort of flat net new assets for the quarters are pretty good results. Really? So where at the Taylor now, the three year restructuring over at case has it then paid off I suppose that's a follow on question from that they played with them what they said. But clearly because revenue strains continue this is settled about costs. And so they're going to have to manage very very tightly and the outlook isn't great. I mean, capital wise, twelve and a half percent. And they're actually got into the may dip below that target this year as well. So capsule something across the banks. And because of the explosion in volatility four we've seen some disappointments Commerzbank today, I mean, that's a capsule mess and that came out flat dividend in two thousand nine hundred rather than any growth. So I think one thing we're getting from these results is capital is still an issue. We're getting things about the trim review, which means there's more capital pressure for European banks over the next twelve months. Yes. Speaking of the next twelve months, I'm looking at T V blog and saying that TM says this year will be interesting as the Bank is not restructuring anymore while other banks. Do he says we've done all cutting? We're well positioned to gain share are. They know Frank. The we've still got as them the US banks Deutsche clearly still sitting share. We know. I mean, I think Barclay's will be the most interesting results. Actually, I'm gonna give them the answer to their Credit Suisse, it's sort of sticking to its knitting and results is solid, but they're going to have to have a new plan, and it will again, focus on are. We needing to improve. It's going to have to focus on officiency because they can't give us with any sort of certainty appropriate. I look on revenues your quick take on Commerzbank has well lowering revenue targets, but zioka delivering on costs surprises, the main revenues just horrible in Germany, and the whole point there is are they going to merge with though it is going to be the acquire. That's going to be the focus of the call. And I think top line was slightly less better than expected. It's say capital a little bit disappointing. But that's not the story here. I mean, this is would you be short? This ahead of potential. Four percent. A bit of short-covering do these results. Tell us anything about the balance so to speak between Dortch and Commerzbank as as does so much talk about a potential merger. This is just around the domestic overlapping corporate and retail and the ability to say ten or fifteen percent of cost that completely different businesses at both funny. Very tough in Germany and is needed. Thank you so much for joining us in the studio Jonathan Thais, our senior European.

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Donald Trump, US and Sweden discussed on BTV Simulcast

BTV Simulcast

00:16 sec | 4 years ago

Donald Trump, US and Sweden discussed on BTV Simulcast

"Hundred sixty seven billion dollars worth of Chinese goods, if he falls through total levies would more than cover the value of all goods, the US buys from China. According to government data from last year. Sweden votes today following a turbulent election campaign establishment parties

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These 3 airlines to suffer most from growing trade dispute, analyst says

Bloomberg Markets

02:21 min | 4 years ago

These 3 airlines to suffer most from growing trade dispute, analyst says

"On bloomberg television now let's go to our ninety nine one newsroom in washington dc where nancy lyons has world and national headlines nancy ministration is planning to revoke obama era policies that encourage the use of race in college admissions to promote diversity on campuses this is according to multiple reports the decision follows an inquiry from attorney general jeff sessions who asked justice officials to reevaluate past policies that he believed pushed the department to act beyond what the law of the constitution and the supreme court had required an announcement on the policy changes expected later today president trump search for a supreme court nominee is expected to take up his time this week and red state democrats are watching very carefully red state democrats are in a tough spot republican strategist ryan williams says no matter what they do they could risk losing support the democratic base will be outraged any member of their party who votes for whoever the nominee is and if you vote against the nominee red state and all the trump voters are going to be upset with you that could be a problem williams says the dan's need to watch how the confirmation hearings go and who the nominee is he says there's always the chance the nomination could blow up so they need to take a wait and see approach in washington i'm amy morris bloomberg radio tie navy seals say all thirteen people trapped in a flooded cavern in northern thailand are healthy and being looked after by medics they're still stuck in that cave while officials determined the best options for bringing them out before the rain returns in the cave floods again at the world cup today sweden defeated switzerland in the day's first match global news twenty four hours a day on air and ticked off on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries thanks nancy now with our other top stories i'm uni han the us is big three carriers american airlines delta and united continental downgraded by deutsche bank the analysts cited heightened geopolitical risk and the lack of near term catalysts the report said the current trade dispute between us and others could hamper the airline industry's growth given its close correlation the imports and exports of goods and services one french bank expand in germany europe's largest economy bloomberg's ed corry has details so generalities acquiring commerzbank exchangetraded products and.

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Tom Busby, Cnbc and New York discussed on America in the Morning

America in the Morning

01:41 min | 4 years ago

Tom Busby, Cnbc and New York discussed on America in the Morning

"The nba and you tv expected to make some kind of announcement today about carrying games and here's a sure sign of a strong us economy the department of transportation says last year americans took a record nine hundred sixty five million airline flights up three and a half percent from a year before while the average price of regular grade gasoline shot up seven cents a gallon over the past two weeks to two dollars sixty six cents industry analyst trilby lundberg said the increase was primarily driven by rising crude oil prices facebook ceo mark zuckerberg has signed ads placed in a number of american and british newspapers saying the social media platform doesn't deserve to be entrusted with personal information if it can't protect it tom could this be another rocky week for facebook while the bad news for facebook over that data mining scandal linked to the trump presidential campaign not even close to being over on wall street last week shares down thirteen percent that means a lost about an eight eighth of its value so investors aren't happy also companies including tesla spacex the speaker maker sonos mazula that's the maker of the fire fox web browser and the german bank commerzbank all pulled their ads off their service or deleted their accounts and it took ceo mark zuckerberg at least three days to respond publicly to that scandal so a lot of people aren't happy about that and the company is facing investigations in britain israel several states including new york massachusetts and maybe oregon and of course in congress so look for a lot more misery for facebook in the week ahead cnbc's tom busby at twenty two after facebook notwithstanding there was a major.

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