j.c. flowers certainly get a bargain they what have they got planned to the bank while they want to reform the bank that's for sure they want to dramatically cut their costs and of course they want to have more influence here on the german market already arise and now sirius is holding five percent of its bank shares so with this of course they get even more influence here on the market down here cope there in frankfurt thank you so much for this update and doj has agreed to pay another two hundred forty million dollars to settle a two thousand and eleven lawsuit in the u.s. accusing it of manipulating the library benchmark interest rate germany's biggest bank is the third after citi group and barclays to resolve claims by investors including the city of baltimore and yale university georgia denied any wrongdoing but settled to avoid the risks and to distraction of litigation georgia has already paid for billion dollars to resolve libel claims libel is used by banks to set rates on hundreds of trillions of dollars of transactions. looming breaks it the struggle for a common foreign policy

j.c. flowers certainly get a bargain they what have they got planned to the bank. well they want to reform of the bank that's for sure they want to dramatically cut their costs and of course they want to have more influence here on the german market already arrived and now sirius is holding five percent of its bank shares so with this of course they get even more influence here on the market done here cope there in frankfurt thank you so much for this update. moving rex it will hear more about that in a moment the struggle of for a common foreign policy and persisting economic inequality the european union has numerous internal struggles to deal with nevertheless countries still want to join the bloc now the head of the european commission john claude a yorker is currently visiting countries like macedonia or serbia and montenegro south east and european nations that have been given the prospect of becoming you member us one challenge they are facing is bringing their economies up to speed and that is something hard to do when many of the brightest minds prefer to

j.c. flowers will take over most of the shares age as age north bank was once a leader in shipping finance before suffering significant losses twenty sixteen the european commission approved state aid on the condition that the bank would be sold by today. and earlier we asked our financial correspondent in frankfurt daniel called how the deal is seen in germany's financial capital well let's talk about the employees first it seems that the deal for them could have rather negative effect than a first statement the work council of ages they stated that they feel that hundreds of jobs could be on the edge but for the private investors it seems to be a very good deal during the financial crisis has a bank receive from the government so from the taxpayers basically an amount of thirteen billion euros so various n.g.c. flowers now get ninety five percent off the lender for just one billion so that sounds like a deal the president of the federal state of chile is fake hurt stein stated that for taxpayers it's a rather bad day today. there was the new pope in frankfurt i'll have more business stor