scarlet: i spoke with dan davies research analyst along with julie hyman and erik schatzker. so much look like a liquidity stress. it effectively funding itself. losing customer business across prime services and hedge fund business. that damages the long-term profitability of the business. loss of confidence begins to snowball, how would we see that play out? dan: the business unit of deutsche bank need to be looking at his global transaction banking. that's the corporate deposits and payment system at deutsche bank and it's a significant and material part of the funding for deutsche bank group. if they start losing balances from global transaction banking, i would say this is a thing that has to be taken seriously. you had to advise deutsche bank war were expecting them to come out with a response, what does it do before trading tonight to stem the confidence believe? lead --onfident confidence bleed. dan: i would give the advice that the earlier you raise capital and the more capital you raise, the left -- the less pain there's going to be. that all of him deutsche bank co

. >> let's bring in dan davies from england on frontline analyst research advisor.se the question now is going to ask erik schatzker, what does deutsche bank need to do if we are talking about a confidence issue? what else does it need to do to regain the confidence? >> it is not so much liquidity stress, which is highly unlikely. it is effectively funding itself. franchise.ery much a they are losing customer business. they will not be getting the 50-50. they need to put the whole story to bed. components to that story at the moment. the market doesn't think they have enough capital. worriedthe market is about the litigation risks. they just need to raise it and they just need to accept that although it is expensive, at a very low multiple value, it is necessary. , theeal problem overhanging candidate litigation problems. it is hard to rush that. you will completely capitulate and get results quickly that way. and the price of doing that is 40 billion u.s. dollars, we can't afford it. erik: if this loss of confidence begins to snowball, how would we see that play ou

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davis grier sezna, jr. >> thomas joseph sgroi >> jayesh shantilal shah >> khalid m. shahid >> mohammed shajahan >> gary shamay earl richard shanahan >> dan. shanower >> kathryn anne shatzoff >> neil g. shastri >> jeffrey james shaw >> barbara a. shaw >> daniel james shea >> robert john shay, jr. >> kathleen shearer >> joseph patrick shea >> linda june sheehan >> robert m. shearer >> antionette m. sherman >> hagay shefi >> atsushi shiratori >> john anthony sherry >> mark shulman >> thomas joseph shubert >> allan abraham shwartzstein >> see wong shum >> johanna sigmund >> clarin shellie siegel-schwartz >> gregory sikorsky signer e t. >> david silver >> craig a. silverstein >> nasima h. simjee >> bruce edward simmons >> george w. simmons >> diane m. simmons donald d. simmons >>donald d. simmons >> arthur simon and to sister and best friend. she would like me to thank the 9/11 memorial in my family and friends who supported the scholarship and her name. and her oldest otter, who is now married, as well as her two daughters who are now in college. thank you to everyone. [applause] >> and my uncle and godfather. abouts you, and we think you ev

davis grier sezna, jr. thomas joseph sgroi jayesh shantilal shah khalid m. shahid mohammed shajahan gary shamay earl richard shanahan danzoff barbara a. shaw jeffrey james shaw robert john shay, jr. daniel james shea joseph patrick shea kathleen shearer robert m. shearer linda june sheehan hagay shefi antionette m. sherman john anthony sherry atsushi shiratori thomas joseph shubert mark shulman see wong shum allan abraham shwartzstein clarin shellie siegel-schwartz johanna sigmund die an t signature anywhere. gregory sikorsky stephen gerard siller david silver craig a. silverstein nasima h. simjee bruce edward simmons diane m. simmons donald d. simmons george w. simmons arthur simon kenneth alan simon and my sister and best friend, she will want me to thank the 9/11 memorial but also all my family and friends who supported this scholarship in her name as well as supported her oldest daughter who is now married as well as her two daughters who are now in college. thank you to everyone. [applause] >> and my uncle and god father. we miss you and we think about you every single day and we love you so much. [applause] michae