if you look at cib, cib has been executing its plan and continuing in grabbing market share and is delivering a pre-tax return of equity above 18%. all in all, if you look at the plan of pnb paribas announced last year, we're doing well on customer journeys, digitalization, costs, the first quart ser totally in line with the path of 2020 >> so the cfo saying loan activity has been healthy in france, up 5%, up 7% in belgium. so numbers on the domestic side have been okay but in this low interest environment retail business is under pressure their markets business was down 14.6% year-on-year so really we're not seeing very good investment banking numbers coming out of the french banks i think that's weighing down the stocks this morning. back to you. >> joumanna bercetche, thank you very much. appreciate the update. >>> first quarter profit at hsbc missed expectations dropping 4% to 4.7 billion the bank announced a new share buyback of $2 billion operating expenses rose 13% with revenue only growing 5.5%. speaking to cnbc, hsbc group finance director ian mckai described the bank's trading activ

so the ship was a like this charge a clean sheet image that the cib. unity pradelle could be identified and yet illegal deserve to be back in a lot of it. on the artist death in one thousand nine hundred eighty three then on jackson's death thirteen years later almost two thousand paintings seven thousand drawings and one thousand two hundred sculptures were officially recorded . in order to pay the inheritance duties part of the work was given to the state something known as payment in the you. know this you don't play this dice on jack and it gets us i think it does all the gloom all of. this is a while. ago it's a little bit of a commander. can't tended to. but could listen then can't count on that it doesn't count thank you stone did i say i meet am particularly unusual to watch the show you don't deserve these all close up but we did man and we've done well. but i don't say i counted. all of it is thought that it is not that i dislike tension better than the ashes just sit back and that really it can injure quite quickly. because those body of wor

so much it was it like this charge a clean sheet image that the cib. pradelle. yeah we'll call it is that he did back a lot of it. on the artist's death in one thousand nine hundred seventy three then on jackson's death thirteen years later almost two thousand paintings seven thousand drawings and one thousand two hundred sculptures were officially recorded . you know order to pay the inheritance duties part of the work was given to the state something known as payment in you. know this you don't claim is. done all the gloom all of. the city while. the good example of the biblical me under. john tended. bookable this is. john that it doesn't count thank you stone did i say i meet. the co they don't preserve these old clothes. but i say i can't answer. that it is all this attention to the better than an hour shift just sit back. if you know. because those body of work was enormous. some of his works went unrecorded after the painter died they were probably hidden away during the inventory for the inheritance. but that is what this report suggests by the director

so was it was it like this charge a clean sheet image that the cib. yeah we'll call it is that he did back it a lot of it. on the artist's death in one thousand nine hundred seventy three then on jackson's death thirteen years later almost two thousand paintings seven thousand drawings and one thousand two hundred sculptures were officially recorded . in order to pay the inheritance duties part of the work was given to the state something known as payment in the you. know this you don't play this dice on deck indicates this i think it does all the gloom all of. this is a while. ago it's a political. challenge. bookable this is that you can't count on that it doesn't count thank you stone did i say i meet you could actually watch the show you don't preserve these old clothes. but i say i counted. to do better than an hour shift just sit back. if you. have. picasso's body of work was enormous. some of his works went unrecorded after the painter died they were probably hidden away during the inventory for the inheritance. but that is what this report sug

do you think that banks with cib's attached to them or owners of cib's should be looking to merge in a solution to the problem? are bigger or more systemically important banks, is that an idea that won't fly? guest: one of the principal isics here at our conference the threats and risk posed by big internet platform companies that had huge scale, huge resources. i think what you will see from the banking sector, not only , is the application of data, digitization, artificial intelligence. the banking industry is transforming itself to compete with internet platform companies. consolidation is a part of that strategy, and i think it probably makes sense. francine: what part of the world is over banked? is that part where we are going to see more consolidation? guest: i think in the u.s. we have already seen just this week some mergers announced in the midwest. i think you will see more of that. i think globally we will see consolidation. you are competing with the larger internet platform companies to bring a whole new suite of mobility and services and products. in many ways the bank