deutsche bank, europe's biggest bank by assets, at a time when other banks are shrinking, deutsche bank actually grew. it is leading in every segment of trading. in u.s., europe and asia. when risk and regulation is getting tough er er to navigaten deutsche bank keep up the pace? joining me, head of deutsche bank's corporate and investment bank and he will take over as co-ceo of the company this june. good to see you. >> good to be here. >> we look forward to you taking on a new role at the bank. i want it ask you about the conference today. a lot of buzz going on. jamie dimon spoke at 9:30 this morning reaffirming the company's risk business. what can you tell us about the sentiment of bank stocks and what about the jimmy dimon talk? >> we had 00 people there. 600 investors, 300 investors, 20% of the world's total market cap. and a sector absolutely at the heart of everyone's attention. >> it looks like investors want a reason to by these stocks because of the value that they present. but there aresome head winds in the way right now. >> there is a lot of questions to answer and hopefu

mary thompson's on the beat at the deutsche bank in new york. >> hey, sue. earlier todday dimon emphasized it's not going to impact the bank's dividend. then he surprised the audience by saying the bank plans to suspend its stock buyback program. >> we have decided to suspend our purchase program. we have made a commitment to ourselves and increase it. increase it to what we think about what the new target will be. >> last -- last march regulators approving the bank's request to buy back $12 billion of stock this year and then $3 billion additional shares early next year, dimon didn't say if regulators suggested the suspension because of the trading losses in an e-mail to the company seeking comment was not immediately returned. now, dimon says when the bank does resume the buyback plan, and it will, he said he's not going to tell investors. but the move did win praise from guggenheim which wrote in a note it likely saves regulators from having to ask the bank to cut its dividend if needed because of those trading losses. dimon said he wouldn't comment on the

how about this, deutsche bank is my least worry of all the bank stocks in worry. that's the own guarantee i can give you. maybe you don't think that's much, but that's how i feel. this is a fulcrum moment on the seesaw of finance. facebook, if europe goes bad, i don't like it. "mad money" will be right back. >>> coming up, social anxiety? while the world waits for the first share of facebook to trade, cramer's logging on to see how a company that changed the way businesses communicate is faring. get your earnings edge next. and later, making dough? whether it's fried, fruity or covered in cream, the returns from these food franchises have been sweet, but in cramer's world, only one can truly rise to the top. tonight an all-out slug fest ensues to crown one company king of the confectionaries. all coming up on "mad money." >>> miss out on "mad money"? text mm to 26221 to get cramer right on your phone. for more info visit madmoney .cnbc.com. [ jim koch ] what do fresh flowers, bourbon barrels, chocolate, chilies and something called kosmic mother funk all have in c

> narrator: desiree fixler, a graduate of the london school of economics, sold derivatives for deutsche bankand j.p. morgan. >> i didn't think for myself. you know, i was so desperate to perform for the bank. i mean, for so many of us, if you slit our wrists, corporate logos would jump out. >> narrator: fixler was part of a small army of bankers pushing derivatives to european markets. (phones ring) on the trading floor, they were known as f9 monkeys. >> smith: you were an f9 monkey? >> half of me was an f9 monkey. and the other half would bout on the road, marketing to accounts. >> smith: so what was an f9 monkey? >> well, just somebody who's just simply pricing all of these structures. >> smith: these are on the computer. >> exactly right. so you just had to put in a few inputs and press f9 and it would determine the price of the instrument and, in fact, your hedge as well. >> smith: and who did you... who did you sell to? >> hedge funds, to pension funds, to insurance companies, to all sorts of different types of banks. and there were many uses to the product. so it just... it naturally g

. >> reporter: for that reason, citi, credit suisse, deutsch bank, goldman sachs, and bank of america came together a few years ago to form veterans on wall street, the banks work to mentor and hire former military men and women for jobs in financial services. perkins says vets are a natural fit for wall street. >> when we're doing this hiring it's not about charity work, it's good business. beuse veterans do bring with them wonderful qualities. >> reporter: investment banker john toronto echos those sentiments. toronto is a former marine platoon commander. although his tour of duty was during more peaceful times in former yugoslavia. he says many soldiers are generally good leaders, inclined towards team work and have integrity and maturity. >> when you're in the military you are faced with situations where you have to make good, quick practical decisions with less than perfect information, often in very chaotic environments, and those skills translate pretty well to wall street. >> reporter: it's impossible to say exactly how many veterans are currently employed in financial service

operating on behalf of deutsche bank and other european banks and goldman sachs were owed this money by anglo-irish they took the bet they took the risk that anglo-irish was who was paying a high yield on their debt they were speculating that they would be able to pay back they weren't and they forced the irish taxpayer they said the e.c.b. said in january when the irish were protesting paying a one billion payment on this unsecured bond the e.c.b. itself the european central bank said if you don't pay this irish taxpayers a financial bomb will go off in your country even allow that's the language of financial terrorism coming out of an elected officials who are running this state and countries like ireland and the people are rightfully revolting against it they're just not revolting fast enough or hard enough here's another unelected official we could call her oh the representative for bank paris. it's payback time don't expect sympathy card to greeks now this has been widely covered story the head of the i.m.f. told the greeks to take responsibility and stop trying to avoid taxes t

joining me now, larry adam of deutsche bank private wealth management and komalsri-kumar. sri, the last time we spoke, you said the debt crisis in greece would be resolved by mid year. where are you on that? what happens next in terms of this story playing out? >> i still think of mid year 2012 as a decision point where things come to a head. we have the greek elections take place on june 17th. and i wouldn't be surprised if greece has a major problem, even before the 17th of june, because there is an immense amount of capital if not what we are hearing is that the far left party is gaining so much in terms of popularity, opposing austerity, he did come to power it will cost it soon after june 17th. i'm sticking to my timeline. >> larry, you are not quite as pessimistic in terms of greece and how this ends. what impact are you expecting this chaos to have? >> it is a problem and when you have 75% of the people in greece that want to stay in the euro, 75% of them don't want austerity, there is a big problem there. i think it's important to keep in context how big greece rea

discuss russia's economy and investment environment is yet to talk lisa volek chief economist at deutsche bank all right gentlemen cross talk rules in effect that means you can jump in anytime you want on the course of i go to you first in new york before we get to what mr putin may do or may not do over the next six years how would you characterize that the coverage of the russian political scene and the presidential election specifically over the last few weeks and months. i think generally speaking there is there's a you know russian bias if you look at the coverage over the last you know year leading to the election and you know this goes back to this historical roots starting with the you know the great britain and the. crimean wars and the. english afghani wars so this is clearly you know a bias that we always seen in the media starting in the u.k. and to some extent in the u.s. you see a lot of negative bias and i think that even if i know it's regrettable to say what you and your brain say with you new york i mean but let me get more specific than i mean i think you're right i mean it

these policies will require money is the money in the russian economy well a senior economist at deutsche bank believes that the cash is there. the. greater efficiency of state spending and the anti-corruption measures that have been pursued variously will be preserved who. are going forward i think this is going to be certainly one of the most important sources another one privatization is termed as one of the key priorities. for the next several years. is the fact that you have. a. in the course of possibly even busier far away as the north shore so far nothing in the world. knows how. early one hundred fifty billion dollars worth of reserves and this is yet another source of potential for. one thing that is clear is that a flood of news to put forward his plan his dream for his that he's going to need to work closely with the prime minister it seems on the moment that the prime minister will be dimitri made head of that meeting still ongoing here in moscow but as it is expected to meet him a bit of will be named as the prime minister he has the support of united russia and the liberal democ

with an insurance company in germany, we want them to have a competitive field to compete like a deutsche bank might do. it's trying to get that balance as well. >> thank you, senator warner. chairman shapiro, you mentioned twice the list of factors that were essentially the ways to define risk mitigation in the rule statute. related issues in there were that you are addressing a specific risk that it's correlated and it doesn't give rise to the significant expo sure that you didn't have to begin with. often, if you think about a company that has funds in between making loans under the liquidity rule and chooses corporate bonds, assuming those would be allowed, then the first easiest thing, if you are wor worried about the quality of bonds, the extraordinarily high quality of bonds, you can reduce your exposure by selling the bonds. that's strategy one. two is take insurance directly against the bonds. that's certainly specifically insurance on a specific position you have. then you start getting further and further. you can imagine the spectrum of positions further afield then you choose to d

so the irish taxpayers already pumped sixty three billion euros into the banking system and now deutsche bank is saying that they'll need another four billion but we were in kilkenny last year as part of the konami festival of economics and i told the audience point blank that there's pat kenny on his t.v. show another huge bailout is coming as bad as things were the really ugly part of this financial terrorism is yet to come and they just look around like course my pot of gold at the end of the rainbow where's my share a rock or you know what are you talking about everything's great here at least i didn't kill us no that's coming. wow it's fantastic if you're if you're a student of history to watch people just walk into the same combine of swirling machetes again and again throughout history they never seem to learn they don't negotiate with terrorists whether it's true whether it's the banks in the u.k. or jamie diamond something obama needs to learn don't negotiate with terrorists we'll see what the outcome is going to be stacy herbert thanks for being on the kaiser report thank you max do

of the number of people involved in the party movement we've decided to do it here in the old deutsche bank of london which is controlled by friends all compiled we have very sometimes look at why new york. alexa o'brien from occupy york if you is the average. speed is from occupy london by me calling from london and david graber from occupied new york so i want to put this program in really sort of two parts the first part so i want to understand how occupy came to be. sort of people who are involved political background or organizing it and conducting its affairs and spreading it and then looking into where it's going to go. to david where where do you think this movement came to eventually cause you'll get patients zuccotti park and then spread out to the rest of united states or i think there's been sort of a global movement and i guess it's sort of in tunisia and sort of swept across the mediterranean greece spain is really the same movement that in america there a lot of people from greece and spain who are involved in the very early days and even before the occupation of parking or p

. >>> jamie dimon presenting at a deutsche bank conference in new york at 9:30 eastern. a probe into the bank's trading losses, would be the third regulator to do so. the house speaker john boehner says dodd-frank couldn't have prevented jpmorgan's losses. >> there's no law against stupidity, against stupid trades. and as long as ghosers money wasn't at risk and there's no risk of a taxpayer bailout, they should be held accountable by the market and their shareholders. and they are. >> jpmorgan state has been up modestly this morning along with the market. >> 2%. there's your accountability. investors seem to think there might have been an overreaction, but as the losses continue to pile up and questions are raised by risk controls throughout the company, you have to wonder. >>> we'll be back in just t a f moments. [ male announcer ] this is genco services -- mcallen, texas. in here, heavy rental equipment in the middle of nowhere, is always headed somewhere. to give it a sense of direction, at&t created a mobile asset solution to protect and track everything. so every p