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Apr 26, 2018
04/18
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still with us is max kettner from commerzbank and michael o'sullivan from credit suisse. thank you both for sticking around. max, every time you come on we talk about banks, and mike every time you come on we talk about -- boe.elite -- the oe mark carney said that it may hike is not a done deal. is there going to be a communication problem between the government and the markets? >> yes. the problem is that we already have that communications problem since last week.
still with us is max kettner from commerzbank and michael o'sullivan from credit suisse. thank you both for sticking around. max, every time you come on we talk about banks, and mike every time you come on we talk about -- boe.elite -- the oe mark carney said that it may hike is not a done deal. is there going to be a communication problem between the government and the markets? >> yes. the problem is that we already have that communications problem since last week.
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Apr 26, 2018
04/18
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commerzbank,r from and michael sullivan from credit suisse stay with us.ve the norwegian air shuttle chief executive with us. thank you so much for joining us. you say you have other suitors beyond iag. who exactly? --it someone like sponsor lufthansa? >> good morning. actually i cannot tell who they are, but the only thing that i can say is that they are seen as people -- is that they are very serious people in very serious in that part of the industry. they are keeping a lot of interest. francine: i understand. i understand for reasons that you cannot tell us. would there be investors outside of europe? would there be an -- investors interested in your company that are not airlines? >> so far it is airline groups. i cannot tell. [indiscernible] i say that we have been [indiscernible] see a totally different norwegian air. francine: i understand you are very limited when you can tell us. can you tell us if you would hope for white night to step up? or would you be interested in pursuing some kind of selloff? >> no. if the price is right, everything is for
commerzbank,r from and michael sullivan from credit suisse stay with us.ve the norwegian air shuttle chief executive with us. thank you so much for joining us. you say you have other suitors beyond iag. who exactly? --it someone like sponsor lufthansa? >> good morning. actually i cannot tell who they are, but the only thing that i can say is that they are seen as people -- is that they are very serious people in very serious in that part of the industry. they are keeping a lot of...
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Apr 9, 2018
04/18
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buycine: klaus, should they commerzbank?us on germany, should they be buying a rival in germany? klaus: no, no, no. to the honest, commerzbank and deutsche bank, a merger would cost synergies, would cost working places, but there fantasy in it. i see a cooperation in special business areas, the special business park, much more better than the merger. you have seen the commerzbank merge with another bank, and we had nearly 10 years of problems with the different cultures together. i do not think that a merger of deutsche bank and commerzbank will be a benefit for the shareholders. francine: of it, so, k laus, what do you want to see for the next 20 days from mr. sewing that he is the right pick? is it more cost-cutting, and does that need to come immediately? klaus: it is a bundle of measures. i think mr. sewing, first, he will list out his strategy and will say where the bank will earn money in the next three years to five years, and i am very convinced that he will present us a clear strategy and reach all ofgo to the amc h
buycine: klaus, should they commerzbank?us on germany, should they be buying a rival in germany? klaus: no, no, no. to the honest, commerzbank and deutsche bank, a merger would cost synergies, would cost working places, but there fantasy in it. i see a cooperation in special business areas, the special business park, much more better than the merger. you have seen the commerzbank merge with another bank, and we had nearly 10 years of problems with the different cultures together. i do not think...
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Apr 9, 2018
04/18
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. -- commerzbank. i am at a mecca of banks. i have deutsche bank and commerzbank.ks. that is what frankfurt is all about. that is the story we are covering for you today. this is bloomberg. ♪ ♪ 16 minutes into the session. to talk about stocks on the move. let us find out what is going on with anne-marie. >> deutsche bank up 3% but as you say compared to friday's open, the stock is negative. those recommending tothe move. let us find out what is going on with anne-marie. sell thehe stock outnumber those that recommend purchasing it. there is a new boss at the german lender. we heard from him this morning. saying the bank needs to be faster in making decisions and it needs to weed doubt bureaucracy. novartis up 2.3%. new m&a action for novartis. sell the it seems investors are giving a blessing for a deal. to purchase of excess. -- it looks like investors are interested in novartis doing this to expand its research into gene therapy. .nd finally, telecom italian this has been a saga going on for quite some time. elliott has criticized the management and the strategy
. -- commerzbank. i am at a mecca of banks. i have deutsche bank and commerzbank.ks. that is what frankfurt is all about. that is the story we are covering for you today. this is bloomberg. ♪ ♪ 16 minutes into the session. to talk about stocks on the move. let us find out what is going on with anne-marie. >> deutsche bank up 3% but as you say compared to friday's open, the stock is negative. those recommending tothe move. let us find out what is going on with anne-marie. sell thehe...
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Apr 27, 2018
04/18
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in eastern europe and commerzbank has a high sensitivity to rite hikes. >> thank you for joining the show this morning. >> jean-claude junker said greece won't need a precautionary credit line as it is bailed out. speaking with the greek prime minister, he praised athens for excellent reforms. and silvio maro asked whether greece should receive a credit line >> i think that's pretty clear now. in theory they can offer the instrument of precautionary credit line, but at the moment it doesn't seem necessary. markets are calm greece has issued bonds already on several occasions i think greece, if they can continue were their reforms, if they do that, i think greece can have a clean exit in august and return to the markets. >> willem is live where europ n europeans are meeting to discuss this issue of greece can we expect anything out of this meeting >> no certainty on that, joumanna, but we have heard from a couple finance ministers this morning. you heard there from claus talking about that precautionary credit line and allowing greece to borrow cheaply after the third time bailout we'
in eastern europe and commerzbank has a high sensitivity to rite hikes. >> thank you for joining the show this morning. >> jean-claude junker said greece won't need a precautionary credit line as it is bailed out. speaking with the greek prime minister, he praised athens for excellent reforms. and silvio maro asked whether greece should receive a credit line >> i think that's pretty clear now. in theory they can offer the instrument of precautionary credit line, but at the...
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Apr 9, 2018
04/18
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commerzbank merger more likely now or less likely?s-peter: it is more likely, but it is still improbable. it is really complicated bringing these two banks together. the problems would not be away. billy thing would be less competition on the local market in germany. commerzbank and deutsche bank responsible for this intense competition on the german market but the existence of many regional banks, which are also in the business of small and medium-sized enterprises. mark: professor, thanks for joining us today. great to chat to you. he is from the university of hot time. this is bloomberg. ♪ vonnie: live from new york, i am vonnie quinn. mark: live from london, i am mark barton. the european close roughly five minutes away. vonnie: the chinese president is set to address the forum in asia tomorrow. investors are watching to see if he will announce any opening of chinese markets. tom mackenzie reports from beijing. tom: geez in pain will be walking a tightrope when he addresses the annual boao forum. they will see if he takes a tough
commerzbank merger more likely now or less likely?s-peter: it is more likely, but it is still improbable. it is really complicated bringing these two banks together. the problems would not be away. billy thing would be less competition on the local market in germany. commerzbank and deutsche bank responsible for this intense competition on the german market but the existence of many regional banks, which are also in the business of small and medium-sized enterprises. mark: professor, thanks for...
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pieter dixon at commerzbank joins us now. peter.t what is happening with the european markets. in particular selloff in boeing right now. airbus is to the upside. just as benefits and european companies at the trade war escalates between the u.s. and china? >> i mean, think it's possible you look at some winners. overall, if the current situation escalated to something more serious, than what she get is effectively a trade war in which everybody loses. given the extent to which european stocks are pretty highly correlated with the united states, overall it would be good for european stocks at all. cheryl: there's also been a lot of news on your side out of the ecb that one of our guests earlier said is being ignored by u.s. investors. obviously the interest rate in europe as well. is that a concern right now? >> not really because the interest rate hikes are a long way down the track. so far as the ecb is concerned, it's basically a policy continued to buy bonds with five or six months ago. a lot of things could change by then. the
pieter dixon at commerzbank joins us now. peter.t what is happening with the european markets. in particular selloff in boeing right now. airbus is to the upside. just as benefits and european companies at the trade war escalates between the u.s. and china? >> i mean, think it's possible you look at some winners. overall, if the current situation escalated to something more serious, than what she get is effectively a trade war in which everybody loses. given the extent to which european...
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Apr 5, 2018
04/18
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CNBC
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the comments come amid speculation that deutsche bank and commerzbank could merge in an attempt to address trs their difficulties. >>> clariant expects north america to be the second bargest market by 2021. they say increased r & d and capex spending will drive growth. >>> coming up, soy swing states. how china's possibly targeting trump supporters with tariffs. - i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life. racing isn't the only and with godaddy, i'm making my ideas real. with godaddy you can get a website to sell online. and it will look good. i made my own way. now it's time to make yours. ♪ everything is working just like it should ♪ you know what
the comments come amid speculation that deutsche bank and commerzbank could merge in an attempt to address trs their difficulties. >>> clariant expects north america to be the second bargest market by 2021. they say increased r & d and capex spending will drive growth. >>> coming up, soy swing states. how china's possibly targeting trump supporters with tariffs. - i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble...
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Apr 5, 2018
04/18
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we are expecting german banks like commerzbank, deutsche bank to open higher. , had anlator is sayingerview that big mergers are a risk trade they do not produce the probe -- problems every bank's have. have a merging you will bigger problem. people should be aware of this. guy: thank you very much. joining us from our equities team, the latest here. and futures are pointing sharply higher. are going exks dividend. a huge amount are going ex dividend. a strong start for europe this morning. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. this wi-fi is fast. i know! i know! i know! i know! when did brian move back in? brian's back? he doesn't get my room. he's only going to be here for l
we are expecting german banks like commerzbank, deutsche bank to open higher. , had anlator is sayingerview that big mergers are a risk trade they do not produce the probe -- problems every bank's have. have a merging you will bigger problem. people should be aware of this. guy: thank you very much. joining us from our equities team, the latest here. and futures are pointing sharply higher. are going exks dividend. a huge amount are going ex dividend. a strong start for europe this morning....
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Apr 26, 2018
04/18
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we have a top screen of european banks and i've included everything from commerzbank here in germanydit to barclays. over the last five years, including reinvested dividends, you can see the deutsche bank, the white line here has underperformed every other european bank on this screen or indeed, maybe ever european bank is not on the screen that still exist. in total return over five years , 53 percent.52% the same is true if you look at the entire tenure fall. even as the stock turns positive right now, it has had really dismal performances. investors continue to lose money in deutsche bank where they would have made money with almost every other bank and europe with the exception of barclays. that is the only other one that has had a total return and the negative over the last five years, down 10% to -- 10%. guy: i am just fascinated. i'm literally just watching the screen as a goes from being down 4% to swinging back up toward positive territory. .1%.e by now by we will see what happens the rest of the day. i have some fascinating questions from the whole team here. it really kind
we have a top screen of european banks and i've included everything from commerzbank here in germanydit to barclays. over the last five years, including reinvested dividends, you can see the deutsche bank, the white line here has underperformed every other european bank on this screen or indeed, maybe ever european bank is not on the screen that still exist. in total return over five years , 53 percent.52% the same is true if you look at the entire tenure fall. even as the stock turns positive...
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Apr 13, 2018
04/18
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the intervention is significant for borrowing costs, and commerzbank expects more intervention becauseon the hong kong dollar is bearish dude to the liquidity -- due to the liquidity. we are keeping an eye on chinese drugmakers after report the government might eliminate tariffs for anti-cancer drugs. haidi: thank you for that. a lot going on. we are waiting on the chinese trade numbers for march. let's get you caught up to date with first word news. paul allen in sydney. >> president trump says the u.s. meet rejoin the tpp in the light of progress on what he calls unfair trade deals. i week after threatening $100 billion of tariffs on china, he says the two sides may end up living no new duties. president trump with the true from the tpp in his first week of office. al-assadesident bashar says western threats of military action are based on lies and are an attempt to weaken his recent gains around damascus. washington,from harris only destabilize the region. the assad regime is suspected in a gas attack. the u.s. may order airstrikes. china has emphasized its growing military strength
the intervention is significant for borrowing costs, and commerzbank expects more intervention becauseon the hong kong dollar is bearish dude to the liquidity -- due to the liquidity. we are keeping an eye on chinese drugmakers after report the government might eliminate tariffs for anti-cancer drugs. haidi: thank you for that. a lot going on. we are waiting on the chinese trade numbers for march. let's get you caught up to date with first word news. paul allen in sydney. >> president...
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Apr 2, 2018
04/18
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from commerzbank, saying we shouldn't underestimate the possible positive effects.ade as a result of these tensions later down the line. >> we should also have to prepare for some upside risk from the trade war. for example, if china agrees to import more from the u.s., the trade pitcher could be improved. -- the trade pitcher could be improved. tom: it should be pointed out that today is the day when china has implemented its own retaliatory tariffs. those are retaliatory tariffs for the stealing aluminum terrace that trump imposed earlier this year. china is still waiting as are all of us for the details from the administration, and then china may retaliate again for those $50 billion worth of tariffs, if and when the details come through. it seems like there is a tit-for-tat. trade tensions are likely to continue. it is the major headwind potentially for china's gdp. economists seem to think either quarter will remain robust. -- sing to think the third quarter will remain robust. rishaad: let's get to alex. he is an advisor on multinational companies. think you a
from commerzbank, saying we shouldn't underestimate the possible positive effects.ade as a result of these tensions later down the line. >> we should also have to prepare for some upside risk from the trade war. for example, if china agrees to import more from the u.s., the trade pitcher could be improved. -- the trade pitcher could be improved. tom: it should be pointed out that today is the day when china has implemented its own retaliatory tariffs. those are retaliatory tariffs for the...
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Apr 27, 2018
04/18
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francine: should they buy commerzbank?d for 10 years, and it is always a possibility. they have to clean up their own act. bill rhodes, if i look at deutsche bank and i look at how they will compete, it does speak about the dominance of america banking. what does america banking need from washington right now? bill: i hate to say, they are basically getting what they want. you are already seeing deregulation from regulators. all of the major regulators, their changes are being made. things are going in the way of the banks. interest rates are going to go up with the inflationary push. at this time, we are in the suite -- sweet spot for the american banking system. us, jonl rhodes with from credit suisse. and the president just waiting this afternoon -- tweeting this afternoon. taylor: the royal bank of scotland is positioned to restore dividends. bf is yet to settle a u.s. justice department investigation. the deal could cost the bank about $9 billion. riding a wave of demand for its cloud services. cloud revenue almost do
francine: should they buy commerzbank?d for 10 years, and it is always a possibility. they have to clean up their own act. bill rhodes, if i look at deutsche bank and i look at how they will compete, it does speak about the dominance of america banking. what does america banking need from washington right now? bill: i hate to say, they are basically getting what they want. you are already seeing deregulation from regulators. all of the major regulators, their changes are being made. things are...