anthony jenkins, c.e.o. of barclays. great to have you with us this morning. mr. jenkins, c.e.o."on the move" is up next with jon ferro. >> that will do it for "countdown." we'll see you tomorrow. ♪ . >> a good morning and welcome to "on the move.” i am jonathan ferro. minutes away from the start of european trading and let's get straight to your morning a brief. anthony jenkins takes his first bonus as ceo. annexed or 750 million pounds for the settlement of the global probe into manipulation of fx markets. the australian center break does nothing. -- central bank does nothing. they keep rates on hold. and of course, record high. the s&p 500 and dow jones closed at all time highs. it took 16 years for the nasdaq to close above 5000 points and 1% of a record-breaking level. the things to talk about later but now, the future markets a little higher in london. the taxes up about 17 points. lets get women who always covers the opening for us, manus cranny. >> a government bonds rising this morning. collapse in portugal they hit record lows around the periphery of europe. this mornin

anthony jenkins. >> back to barcelona. to the orange c.e.o. >> and behind the wheels, behind james bond. we're live from geneva with the head of aston martin and plenty of other top car executives.

anthony jenkins. >> back to barcelona. we'll speak to the orange c.e.o. >> and behind the wheels, behind james bond. we're live from geneva with the head of aston martin and plenty of other top car executives. good morning, everybody. welcome. you're watching "the pulse" live from bloomberg's european headquarters. we're here in london. i'm guy johnson. >> i'm francine lacqua. it was a beat for barclays. an extra 750 million pounds were set aside for the currency probe. >> anthony jenkins spokes to us first. this comes back to how do you reshape a beast? do you cut off the legs? do you cut off the head? what do you do? jenkins is trying to put his stamp on this bank. he is dealing with expenses. he is dealing with legacy issues. when it comes to foreign exchange, that is a perennial issue. he didn't settle before christmas where he would have got a discount for doing so with a number of regulators. my question is should you gone with the rest of the crowd and taken that hit a little bit earlier. did he make a mistake? he w

the accusation is, do you need to do and anthony jenkins?u need to re-band -- rebrand rbs on a global basis? i said, anthony jenkins and i caught up and he said that the universal banking model was dead. what does that mean for him and credit suisse? he was defensive. brady: the question of global banking is different. for credit suisse, we have, i think an important franchise that is focused. it is the high end and capital-efficient banking model. they work together closely and it is far from a universal banking model. i think that it will be -- there will be room for different models. there will be global universal banks that work and make the business model work. i think that is hard and has gotten harder. that is what anthony is speaking to. it has gotten harder to make that work. there will be more firms that focus on certain areas that they are good at. that is our view. as a result of the crisis and the regulatory changes, you get more focused and specialization. i think that is fine. for instance, we think we have a great segment wit

manus: anthony jenkins said the universal banking model is dead. you use the word "global."l blain: global is different. a department store providing everything. look a successful department store and is not a single storm but a whole bunch of franchises brought under one roof -- roof. does it work for banks? probably not for you if you can do so that it do it well like deutsche has done historically in is trading businesses in the past and then something new that works. trading businesses are unprofitable because of legislated and regulated out of existence. that is why they needed to change at we are going to get a new deutsche bank and i and they will be a survivor. jonathan: is that we shop as they take away? bill blain: it is evolutions. jonathan: in the united states, you have a republican ted cruz they think he is running for president and his wife stepping down from her rank. it is an image problem. manus: that is -- jonathan: manus cranny, bill blain thank you. is it the ecb blackmailing greece? ♪ >> when you look at the exposures we have with degrees ecb has 104 bi