minister ursula von der leyen, welcome to hardtalk. thank you, zeinab.resident of germany, joachim gauck, has said, earlier this month, "with the inauguration of a new us "president, we face challenges to the international order "and to transatlantic relations." germany and europe can no longer live as usual on the transatlantic partnership, can they? i am deeply convinced that they can rely on the transatlantic partnership because there is a strong foundation, the transatlantic partnership exists now since almost 70 years. there is a huge amount of common experience, of trust and confidence in each other and we have this transatlantic partnership because we share common values. but here is your president, who is stepping down in march afterfive years, and he's going through this period of reflection and he's saying that it has challenges. are you saying that his concerns are not valid? no, if he says it has challenges, i would applaud. because this is true. so what are the challenges? we have two major challenges. the first is terror on the causes of te

and we'll hear from germany's defense minister, ursul ursula von der leyen. now deutsche bank ceo jon cryer expects the bank to see a negative impact of $1.2 billion on its pretax profit for the fourth quarter due to the civil penalty agreement the u.s. department of justice. germany's largest lender has finalized the 7.2 billion settlement over the sale of mortgage backed securities leading up to the final crisis. in a memo to employees, cryan said it was too early to draw a line under all matters. i'm joined by the global head of strategy at schroeders. great to have you on the show. >> nice to see you. >> we heard that cryan said this issue is not over. i don't want to talk about deutsche bank specifically, but i want to make a contrast between what we're hearing from the european banks, the optimism on the u.s. banks, and you share that optimism. >> certainly. >> meeting the u.s. bank leaders, there's huge optimism about the relation trade. first and foremost, it's the bump to growth. an improvement of interest rates. interest rate rises could add 15% to