ten thousand jobs are all the while a dodge a bank report saying it's on the verge of kicking out staff in a bid to cut costs also coming up the way to cut through the diesel small to take a bus and electric one poland shows the way. i'm done your winter and this is your business update. germany's biggest lender looks set to slash ten thousand jobs in an effort to reduce costs reports say wong in every ten dodge of bank employees is facing the chop with cuts likely to extend to twenty nineteen new c.e.o. christian that saving has previously said that the bank is scaling back its presence in the u.s. market and will place more focus on europe the last making than those expected to announce the measures ahead of its annual general meeting on thursday. and monitoring the developments out of this week for us is our financial correspondent john do alone in frankfurt. while the reporting so far seems to indicate that the cuts will be everywhere and all the regions where deutsche bank operates across all levels of the operation so retail banking investment banking asset man asset management at

case germany's leading the lend is slashing over seven thousand jobs part of an overhaul on the dodge of banks new c.e.o. christie and saving his wife back in twenty twelve ga was the world's second largest investment bank and since then it's slipped all the way down to number eight now that puts it behind us banks credit suisse from switzerland barclays from britain. there's been a steep decline in revenue to falling from over thirty three billion to twenty six point four billion euros no wonder shareholders are up in arms many directing their anger of supervisory board chief powell. now he's been in the position since twenty twelve and is accused of steering the bank in the wrong direction but christians even plan to cut jobs isn't saving the bank any money larger share price falling today to its lowest in seventeen months and it's not just the investors who are unhappy. they came to express their contempt for deutsche bank protesters who gathered outside the annual shareholders meeting in front foot to see germany's largest lender as an example of everything that's wrong with the financial

bank in the wrong direction. but the new man can't deny his responsibility either christians living is a true dodge of buying thorough bred he joined the bank as an apprentice in one thousand eight hundred nine and has held senior positions in the bank's risk management and legal departments for years well the bank a.g.'s have been tumultuous in the past that cross over there's no demand for who's in frankfurt for us asked the banks headquarters who's been at the a.g.m. earlier today. you know the exhibit has given a speech what did he say and how did it go down with shelled. well he's reiterated basically these announced plans to cut more than seven thousand seven thousand jobs in order to bring costs down he's advocated a return to boring for the bank which is quite normally an unusual name for a c.e.o. to have but is obviously a reference to the turbulence and scandal that's dogged deutsche bank in the last two years now shareholders haven't been particularly impressed with the speech and see if we saw the share price go down after that speech but you know the reason i moved here in front of the deutsche about hea

dodge a bank has announced it will get rid of more than seven thousand workers in the next year is mainly an investment in their investment banking business the collar as part of a restructuring of germany's biggest lender under a new c.e.o. christiane's even he will be hoping to offer some words of reassurance to the annual shareholders meeting today but after years of losses that might prove quite a challenge because if you look at the figures it's a pretty grim picture back in two thousand and twelve torture was the world's second largest investment bank since then it's slipped down to number eight down here that puts it behind several u.s. banks as well as credit suisse from switzerland and barclays from the u.k. dodge's market capitalization that is the value of all the company's shares combined has dropped significantly to from just over thirty billion to twenty three point seven billion euros they're making shareholders seven billion euros poorer there's been a steep decline in earnings to which of fallen from just over thirty three billion euros to twenty six point four zero want

. >> you may dodge this as well, but was the source of some of this information suspicious activity reports? we know -- the reason i'm asking this, we know that mr. cohen's one bankhat was associated that he used for some of these transactions did file suspicious activity reports related to his transactions. that's been reported in public source documents. are those suspicious activity reports part of how you got this information? >> again, i'm going to go back to the answer that i provided and that is we're not going to disclose the source of the information except to say that it's accurate, very accurate. and the "wall street journal" -- you raise a good point, and you had the article earlier, rachel. "the wall street journal" reported in early march that a sar had been filed by first republic bank, a suspicious report had been sent to the treasury department in connection with the account that we've been talking about, okay. i will tell you we've since learned it one sar, it's three sars that had been submitted to the treasury department. we have been actively pursuing those sars and be demanding that they be released publicly to the public so that they can se

bank owned company released video showing the four-legged star running up and down stairs and dodging objects. its two-legged companion, the atlas, taking jaunts around the neighborhood the increasing agility ofis transforming industries like agriculture. check out this pliable robotic arm, delicate enough to pack eggs into cartons and pick tomatoes off trees john deere also investing heavily in robotics. its automated machines outfitted with computer vision technology. >> like facial recognition, it goes through the field and identifies weeds versus crop. >> reporter: and investment into robotics is exploding. last year, vcs invested about $1.7 billion into robotic start-ups, comparing that to $750 million the year before >> aditi, thank you very much. >>> welcome back to "power lunch," everybody. the latest on spotify's decision to remove certain songs from play lists, millennials saying meh to snapchat, and is facebook getting into block chain a lot to talk about. let's bring in julia boorstin from l.a start with spotify, julia. >> well, tyler, this has been a really controversial issue, and it all started yesterday when spotify changed its policy about hateful content and the creators of

looks set to slash ten thousand jobs in an effort to reduce costs reports say one an every ten dodge of bank employees is facing the chop with cuts likely to extend to twenty nineteen new c.e.o. christian saving has previously said that the bank is scaling back its presence in the u.s. market and will place more focus on europe the last making lenders are expected to announce the measures ahead of its annual general meeting on.