c.e.o. martin venter corn could face charges in germany he has repeatedly denied knowing about emissions cheating schmidt's sentencing comes months after that of another former manager james liang having cooperated with authorities and handed in a guilty plea from the outset he received a forty month jail sentence. so seven years in jail for a manager but is the company taking full responsibility let's bring in. the frankfurt stock exchange. is that man a scapegoat. and still i have to say that fox is taking responsibility as the company has paid about thirty billion us dollars in fines and rebates so that means the company sort of has taken on some of the response ability it had to be forced to do so of course and here in europe correspondent is much less willing than in the u.s. to really compensate its customers but still the company has. for sure. recognize that there is something went wrong and that it has to be corrected still all of us made of course is something like a scapegoat the judge himself said that more senior managers were to blame as well and people here in the trading hall of f

c.e.o. martin venter calling could face charges in germany he has repeatedly denied knowing about emissions cheating schmidt's sentencing comes months after that of another former manager james liang having cooperated with authorities and handed in a guilty plea from the outset he received a forty month jail sentence. the next news item concerns your money if there is anything we learned from the two thousand and eight financial crisis is that rescuing banks should never again fall to the taxpayer ever since central bankers and financial supervisors have been haggling over what this regulation specifically should look like later today these so-called basel committee will present the results the final component of the basel three regulation now here's the initial consensus central banks would determine how much equity banks would need to buffer wrists now and twenty ten the experts in basel determined that number to be eight per cent but this is where things get complicated what accounts equity and how does it change the percent also not all. right it is created equal as some customers are l

c.e.o. martin venter corn could face charges in germany he has repeatedly denied knowing about emissions cheating schmidt's sentencing comes months after that of another former manager. james gang having cooperated with authorities and handed in a guilty plea from the outset he received a forty month jail sentence. the international monetary fund says china needs to do more to protect its banks against possible financial risks the i.m.f. says china's largest four banks passed its stress test but the rest have a problem. three quarters of them were under-capitalized to one extent or another china has relied on debt fueled investment in exports to drive it's tremendous economic growth but the i.m.f. says that model is no longer feasible. now for some more inside let's bring in our financial correspondent konrad bosun in frankfurt konrad we've been talking about the rising financial risks and china for some time how significant is this warning by the i.m.f. now you know christoph traders here on the floors are not concerned about at immediate risk of this credit bubble in china to burst but for sure

c.e.o. martin venter called could face charges in germany he has repeatedly denied knowing about emissions cheating schmidt's sentencing comes months after that of another former manager james gang having cooperated with authorities and handed in a guilty plea from the outset he received a forty month jail sentence. that's all your business is fact thank you in berlin germany social democrats are debating whether to open talks on continuing the governing coalition which americans conservatives for the next parliamentary term at the espy's party conference chairman the party chairman martin schultz asked his fellow social democrats to give the green light for full unary talks schultz initially ruled out the option after the party performed poorly in september's general election law now short says the success of the talks will depend on what parts of the county program can be adopted as government policy. we must not govern at any price but we must not go into a position and the process. is what policies we can push through must be a force that. raising the stakes there and we can go now to deal with

c.e.o. martin venter corn could face charges in germany he has repeatedly denied knowing about emissions cheating schmidt's sentencing comes months after that of another former manager james liang having cooperated with authorities and handed in a guilty plea from the outset he received a forty month jail sentence. daniel winter my colleague from business desk here with us daniel why such a hefty prison sentence well it's clear they want to make an example out of him and that they did in court all of a smith broke down crying explaining how heavy this is been for his family the judge said that all of the schmitt used the the diesel cheating as a way to work his way up the corporate ladder now in the end the sentence is actually just five years because part of the sentence is run concurrently and two men in jail is a lot fewer than there should be for a fraud of this size still city managers will be looking at this case and think twice before ripping off u.s. consumers again now what about the german investigations here why are they so far behind what authorities in the u.s. are doing well just to

c.e.o. martin venter corn could face charges in germany he has repeatedly denied knowing about emissions cheating schmidt's sentencing comes months after that of another former manager james liang having cooperated with authorities and handed in a guilty plea from the outset he received a forty month jail sentence. so seven years in jail for a manager is the company taking full responsibility let's bring in an at the frankfurt stock exchange. is that man a scapegoat. yes and still i have to say that fox is taking responsibility of the company has paid about thirty billion us dollars in fines and rebates so that means the company sort of has taken on some of the responsibility it had to be forced to do so of course and here in europe correspondent is much less willing than in the u.s. to really compensate its customers but still the company has. for sure. recognize that there is something went wrong and that it has to be corrected still all of us made of course is something like a scapegoat the judge himself said that more senior managers were to blame as well and people here in the trading hall o