hans nichols is in conversation with anshu jain. that is the pivotal question we have been asking ourselves for a while. there has been a lot about what the right ratio standards are. the european market circumstances are different and our assets are different. the business model is different. we came to the conclusion that 5% will be the global norm. all of our u.s. customers are in that range. you really have a starting point . deutsche bank has decided to target 5%. this will put us in with the top. hans: you expect them to regulate 5%? anshu jain: when it comes to the mortgage industry, it sits on european balance sheets but it doesn't on other locations. there are some big differences. we made the decision that to compete as a leading global player, 5% is the norm. hans: you talked about intense change. you did not opt for the more radical option. anshu jain: if i told you i was going to do consolidate investing a billion dollars in technology transforming our operating model, you would have said that's a very ambitious plan. t

he will be speaking to anshu jain later. co-ceos that have failed to deliver on their plan. it will be great to get not only the news from them, but a sense of whether they are disappointed about how the last three years went. guy: how are you going to make this one work? some people would ask how much more should deutsche shareholders give these two. is it time that we had a change at the top? is this the last roll of the dice by these gentlemen? a lot of other banks reviewed their business and made major changes. francine: deutsche bank has been battered by investors. if you look at the share price, it has been lagging. guy: litigation costs have been spectacular. it has all come back and hit them really hard. the share price year-to-date is up by some 20%, but as you can see, of late, off. a significant amount i would have thought, but still a 20% rise. francine: be sure to stay tuned to bloomberg. we will bring you that interview with anshu jain. that's a conversation you don't want to miss. that brings us to today's twi

brent crude down .7 of a percent. >>> coming up later on cnbc annette will speaking to anshu jain.is all we got time for here from london. thank you joining for us. "squawk box" is next. have a great day, everyone. ? good morning, disaster in nepal. more than 3,200 people dead after a massive earthquake and major after shocks. rescuers frantically searching for survivors. >> in wall street news apple ready to post results after the bell today. >>> and information at risk officials now saying that russian hackers red president obama's unclassified emails. it's a breach worse than first thought. today is monday april 27th 2015 and "squawk box" begins right now. ♪ ♪ >>> live from new york where business never sleeps this is "squawk box." ♪ ♪ >> good morning. welcome to "squawk box." becky out sick today. we hope she gets better. let's tell you what's going on this morning. jay z launching a war of words blasting the streaming media status quo. the rapper found a title and he says big companies are spending millions to under mine it. if you are just waking up this morning, let's get yo

hans: the big bet that anshu jain has made is that they think investment banking that that market willto grow market share in that space. once the debt underwriting does come back, deutsche bank will be in a stronger position. they have taken a different direction than barclays. that is the big move you have seen from deutsche bank, doubling down on this idea that debt trading is going to come back. we have a sense that they are going to be announcing a big strategy review. we will get a little bit more on that and see what direction deutsche bank wellhead in. -- will head in. their stock has been punished. brendan: all right. thanks for stepping in. i enjoying the view in your new studio. thanks as always. francine: tax avoidance and possibly doing business with countries that were sanctioned. brendan: moving to our twitter question of the day. what should top the agenda for obama and castro? what should they be talking about? this is "bloomberg surveillance." good morning. ♪ brendan: this is "bloomberg surveillance." francine lacqua is with us. olivia sterns who do you have on today?

the circumstances are similar to anshu jain at deutsche bank. mr. e of the best executives in financial services, full stop. in the u.k. there's a challenge today that has been going on for five or six years, what is the role of the larger banks in the u.k.? we are seeing that in ways beyond barclays with the challenges facing hsbc and standard chartered as well. erik: thank you very much. bob diamond of atlas merchant capital. formerly of barclays. from the milken conference. betty: thank you so much. eric and stephanie. in two minutes, a deeper dive into twitter. reporting results after the close today. ♪ betty: twitter is the latest in a string of tech companies to report results. we heard from a lot last week. the report could reveal whether a string of products would equate to a gain in their user base and more engagement. monthly active users expanded 20% last quarter to 288 million a slower rate than the third quarter 23% rise. paul covers technology. we were just talking, what about periscope? that was a new product. paul: it got a lot of buz

what is he doing so right that juergen fitschen and anshu jain can't do? prof.it is expense base. remember, you have an anglo culture in london, you have another culture in germany. an unnamed deutsche a cfo at one point when i was in equity analyst may be commented to me well i will just tell the people in london what to do. i do not think he really understands how traders work. tom: it is true. professor brad hintz, thank you so much. we have an agenda this morning. olivia: we do. on my agenda, shinzo abe, the white house will host the japanese prime minister tonight at the state department. we hear that the first lady michelle obama, is rolling out the new china, and more importantly, tomorrow will be shinzo abe's address to a joint session of congress, the first time a japanese leader will speak to a joint session. he obviously is very focused on the tpp and wants to win some concessions on a transatlantic trade agreement. tom: it has not lost any of its majesty. olivia: president obama playing tour guide, taking shinzo abe to the lincoln memorial. tom: very

stephanie: i realize normally i'd shoot jane --anshu jain is cool as a cucumber but less be honest. how at risk is his job? this restructuring and the pressure he is under and the fact that he came from the exact rate business that he designed, can he really keep his job? hans: i post that to him -- posed that to him. i said, is this your last chance to get it right? they walked away from 12% on equity and said the new goal is 10%. but what they did in the first quarter of 2015 3.1%. they have a long way to go. mr. jain is a pretty good salesman and a confident guy, and he did not really answer directly when i asked if this is his last chance. he did seem like a man in a confident position. he did say this, though. he used the word debate. really do people talk about the debate they had on their board. normally it is sanitized and a say seven like discussion or conversation. it did appear they had a robust debate on the board when they were setting up the strategy. erik: hans, i suppose we should applaud mr. jain for being realistic. but what about georgia banks investors? -- deutsc

circumstances surrounding your departure are awfully similar to those surrounding on shoot jane -- anshu jaind happen to him? stephanie: he is one of the best, -- mr. diamond: he is one of the best, full stop. i think the better question is what is the role of one of the larger banks in the u.k.? stephanie: that was bob diamond, former ceo of barclays who says, does he miss being at a big bank? no way. he's never going back. im in beverly hills at the milken institute global conference. i'm going to be talking to them in pickens. you do not want to miss that. -- i am going to be talking to t. boone pickens. you do not want to miss that. ♪ stephanie: when we return to this very special edition of "market makers," this man is bullish on oil. we will be speaking to him in a moment. and the prime minister of japan and president obama will have a news conference at you can watch live on bloomberg television. ♪ >> live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhle. stephanie: welcome to "market makers." i am stephanie ruhle. i am that the m