business dodger bank chairman powell now has reportedly been speaking with shareholders about a merger with competitor come out spank according to bloomberg talks have not reached a formal stage just yet another two banks were said to have broken off negotiations back in the summer of twenty sixteen speculation has grown about a possible merger between daughter and come out since private equity company severus capital took a share in both banks and for the latest let's cross over to our financial market correspondent in frankfurt orly germany's number one and germany's number two lenders merging now if if that is true would you say that that is a good move. well it would certainly create more of a power hose and both of them are apart at the moment it would save tremendously and cost because of course if they merged they would need to let go thousands more people they're already in the midst of restructuring and letting go of thousands or eliminating thousands of jobs in a socially responsible way but they would need to go beyond that if they went together and the expense of such a mov

background the blue chip index that's right now in the green so that's why investors are telling me that dodger bank is also benefiting by this but yes i can tell you there are so many tasks so many things that needs to be solved currency and saving he was taking over this year because john cryan the former c.e.o. of georgia bank had to leave but still lots of homework lots of work for the c.e.o. exactly just briefly on that point of managerial madness than that i brought up as well it's interesting to see in this criticism from the stress test that management is at fault and the bank has gone through quite a few see i mean doesn't the u.s. see that this new c.e.o. could do the job. far we have to see i mean cousins eating has been only a few weeks a few months in office and we really have not heard that much from him he has promised big reforms like for example the total restructure of the investment banking sector but i guess he still needs to prove that he is the right one for the job and maybe a bit of sour grapes there pulling out of the us by the sounds of it daniel corp for us at the frankfur

well i think it would slash costs and critics of the both the dodger bank and the come out spot say thatone of the main reasons why they're not profitable enough is that their costs are way too high when compared to their major european or international competitors and of course if you merged the two banks and that would need to eliminate a lot of all those functions that are present in both banks it would be very very painful it would be not so good for all the locations where deutsche bank can come out stronger strong especially here in frankfurt in the rhine mine area but it might create a way to your bank the disadvantages would be in areas where both banks or perhaps internationally in foreign business very important there would be only basically the one person offering that service in future instead of to. invest there's always like cost cutting of course what do they make of it. but the moment if you take the today's share price reaction they're not terribly enthusiastic because both shares are going down and they're going down more than the dax is going down and i don't know if t

dodgers in the rec league undefeated. >> well-deserved thank you for watching >> congrats. >> really cool >> and the "closing bell" starts right now. >>> i'm wilfred frost. banksng for stress test results. which banks could fair best? >> reporter: i'm phil lebeau in chicago. musk racing the clock for production targets and taunting those shorting his company's stock that their time is running out. >>> buiitcoin is, quote, useles, unsafe, and dirty, according to the bank of international settlements. i have the other warnings coming up >>> i'm michelle caruso-cabrera in for kelly

dodgers in the rec league undefeated. >> well-deserved thank you for watching >> congrats. >> really cool >> and the "closing bell" starts right now. >>> i'm wilfred frost. banks preparing for stress test results. which banks could fair best? >> reporter: i'm phil lebeau in chicago. musk racing the clock for production targets and taunting those shorting his company's stock that their time is running out. >>> buiitcoin is, quote, useles, unsafe, and dirty, according to the bank of international settlements. i have the other warnings coming up >>> i'm michelle caruso-cabrera in for kelly evans the ceo of ubs in the financial services industry, not a pretty picture. find out why as the "closing bell" starts right now >>> good afternoon, welcome, everyone, we'll get to the stories in a moment, but first, a warm welcome to michelle good afternoon to you. >> pleasure. >> thank you for joining us, kelly is back tomorrow let's check in on markets, first of all, the dow coming back after being down 264 points at the low of the day, which is pretty much at the open, the s&p and nasdaq both down for the third day in four, but we are down much less than we were at the to