for our cause is simply too high they need to go down dortch a bank has lost its edge in recent here is an issue its c.e.o. is determined to address your muscle is going to shift the balance in our business so that our results fluctuate less this is the only way we will be able to sustain profitability and build on our strengths and what else i ignore cuffed. bot. after three consecutive years of losses the new boss is intent on shaking things up he wants to focus on the german market coupling innovation with old fashioned banking. but our correspondent covering the story for us at headquarters in fine. speech went down the stuff and. he's it 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 dog 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

be able to take the tough decisions needed to steer deutsche bank a back to profitability as such dortch of bank shares jumped on the news although they've since gone back down but how they really feel about this move will be made plain tomorrow during that shareholders meeting that you mentioned for now it's worth bearing in mind that one of the key reasons that his predecessor john cry and had to go last month was because shareholders were dissatisfied at the pace and the depth of the restructure i made three last banking years for deutsche bank so in the last years

simply too high they need to go down dortch a bank has lost its edge in recent here is only way wille able to sustain profitability and build on our strengths and i ignore cuffed. of. after three consecutive years of losses the new boss is intent on shaking things up he wants to focus on the german market coupling innovation with old fashioned banking. for the frankfurt stock exchange for us jenelle how is that you going to do domestically on the corporate fraud when so many german multinationals use u.s. banks for their business abroad. well this is the essential question right i mean deutsche bank is clearly stepping away from its globalist ambitions because it has to but at the same time it can't make any kind of claim of regional dominance either there are enough european banks that are able to service german wilton nationals and they're probably a safer bet than deutsche bank when it comes to corporate services or investment banking now i was actually talking to someone who worked at deutsche bank earlier today and he said that the mood there is very grim not just because of the

they came to express their contempt for dortch of 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 world the announcement of more than seven thousand job cuts just comes weeks after the bank appointed a new boss the up to. current results leave us no other choice we need to set in place the conditions in order to sustain long term profitability. lundquist even for us it's on shuffle one thing that most people can agree with is that something needs to change at deutsche bank as most informed i need a bank that is competitive on both a national and international level and that's not the case now. the moment. calls are simply too high and they need to go down georgia bank has lost its edge in recent here is an issue its c.e.o. is determined to address your mission is going to shift the balance in our business so that our results fluctuate less this is the only way we will be able to sustain profitability and build on our strengths and i ignore cuffed couple of bot. after t

calls are simply too high and they need to go down dortch a bank has lost its edge in recent here is an issue its c.e.o. is determined to address your muscle is going to shift better balance in our business so that our results fluctuate less this is the only way we will be able to sustain profitability and build on our strengths and what else i know cuffed. of bot. after three consecutive years of losses the new boss is intent on shaking things up he wants to focus on the german market coupling innovation with old fashioned banking. truck drivers in brazil blocking major highways around the country for the fourth consecutive day in protest against rising fuel costs the transport difficulties of lead to food shortages in some supermarkets with perishable goods likely to run out in a matter of days several petrol stations as well as brazilians international airport are running low on fuel the cost of diesel has risen twelve percent this month in brazil and wednesday congress had rushed through a bill to eliminate the tax on diesel for the strikers will not desist until it becomes law.

simply too high they need to go down dortch a bank has lost its edge in recent here is an issue its c.e.o. is determined to address. better balance in our business so that our results fluctuate less this is the only way we will be able to sustain profitability and build on our strengths and what else i know cuffed. of. after three consecutive years of losses the new boss is intent on shaking things up he wants to focus on the german market coupling innovation with old fashioned banking. is a banking and financial expert at the university of horton hi my first question relates to what actually needs another restructuring as we're hearing there or a total overhaul. well i think after some restructuring there is a total overhaul as a result so we are already at a total overhaul we had seemingly not enough of that we had many declarations but seemingly not enough was done within the bank and so seemingly we need another restructuring which is larry i'm happy for the employees because it means again face off and insecurity which makes a new start very difficult because in the end all the bank

calls are simply too high and they need to go down dortch a bank has lost its edge in recent here is an issue its c.e.o. is determined to address you muslims want to shift the balance in our business so that our results fluctuate less this is the only way we will be able to sustain profitability and build on our strengths and i ignore cuffed. of bot. after three consecutive years of losses the new boss is intent on shaking things up he wants to focus on the german market coupling innovation with old fashioned banking. but as europe's biggest economy doesn't germany need a lender that set up globally we put that analyst hans peter buckles. economy needed a big bank we should never come in to hide agree of the panel from the anglo-saxon because they've got a totally different culture and if there's any stress in the market as might come in the world of donald trump very easily german companies won't be first priority to own business won't be first priority for these kind of banks so to stay on our level we should have a daughter bank and a strong that's what we don't have at the moment

and for more on this let's bring in teresa locker of motherboard dortch line she is a journalist she's been covering this from the very beginning and we thank you so much for joining us this evening here on the day the e.u. has really builds the g.d.p. are as as the biggest shake up of data privacy regulations since the birth of the web fair assessment well i think so and many ways you feel really flattered right now his inbox is flooded with all these companies apparently caring about you are about your privacy at least i think the responsibility shift is what makes it so interesting because previously you as a customer as an internet user you had virtually no control over where you got to travel who gets sold to for how long it's been processed and what companies want to ty's about it. now that changes dramatically where you can just send them a letter and send it to the next best filed a complaint to the next best data protection agency a watchdog and set of for example running two into a dead end with a company that wouldn't reply to your request because they may not have a branch

on here christoph says in one nine hundred seventy one a karmann ghia sold for some eight thousand dortch marks while an s.p. two cost twice that much so not only was it not fast it was not cheating and its timing wasn't very good either because in one nine hundred seventy one a car's creator would overnighting left to join the most wagon board and will sport on their initiated a radical change of direction and stead of air cooled rear engine spit the advocated the use of water cooled front engines and body on crame had to make way for you need body construction. in one nine hundred seventy four v.w. introduced the shirakawa in germany the sporty compact was far more up to date and technically sophisticated than the s.b. do we've shared serious weaknesses it's fuel tank for instance held just twenty eight leadership the car goes from twelve leaders per one hundred kilometers so despite its mostly design the s.p. to remain did not ready christo says that the s p two was anything but a well and she needed series production car more of an exotic d.i.y. model but it still enjoyed great succes

simply too high they need to go down dortch a bank has lost its edge in recent here is an issue its c.e.o. is determined to address you misunderstand better balance in our business so that our results fluctuate less this is the only way we will be able to sustain profitability and build on our strengths and what else i ignore cuffed. of. after three consecutive years of losses the new boss is intent on shaking things up he wants to focus on the german market coupling innovation with old fashioned banking. has back to bite now and a vote that could leave ireland bitterly divided is exactly right voters in ireland are heading to the polls on friday in a referendum that will decide whether to reform the catholic countries near total ban on abortions here in europe most countries have fairly liberal abortion policies and allow terminations through the first trimester of pregnancy there are three exceptions however in malta terminations are completely right they are completely banned poland has a near total abortion ban in place women there can only terminate a pregnancy in cases of rape fatal

be able to take the tough decisions needed to steer deutsche bank a back to profitability as such dortchof bank shares jumped on the news although they've since gone back down but how they really feel about this move will be made plain tomorrow during that shareholders meeting that you mentioned for now it's worth bearing in mind that one of the key reasons that his predecessor john cry and had to go last month was because shareholders were dissatisfied at the pace and the depth of the restructure i made three last banking years for deutsche bank so in the last years a signs of an excess in the last weeks rather signs of an accelerated restructure had been accumulating for example deutsche bank announced that it would be moving to smaller offices in new york that it would be shutting down its oil and gas consulting outfit in euston several senior level executives have also left the bank in the last week indicating that something big was on the horizon you know didn't know where the reported cuts are going to be is going to be the you way. well the reporting so far seems to indicate that

are simply too high they need to go down dortch a bank has lost its edge in recent years and issue its c.e.o. is determined to address. better balance in our business so that our results fluctuate less this is the only way we will be able to sustain profitability and build on our strengths and. cuffed. of bot. after three consecutive years of losses the new boss is intent on shaking things up he wants to focus on the german market coupling innovation with old fashioned banking. as europe's biggest economy doesn't germany need a lender that set up globally we put data analyst hans peter bucholtz economy needed a big bank we should never come in high degree of the pair moves from the anglo saxons here today because they've got a totally different culture and if there's any stress in the market as might come in the world of donald trump very easily german companies won't be first priority to him business won't be first priority of all these kind of banks so to stay on all levels we should have the autobahn in a strong that's what we don't have at the moment that's why everybody in germany

on the cultural riches of the german capital the bombings treasure trove which was co-produced by dortch abella looks of the stories behind millions of objects. tell him a very warm welcome to you i'm under thought she. the white house says it is optimistic that a plan summit between the u.s. and north korea will go ahead this offer to pyongyang put the meeting in doubt north korea said it would not take to a spot in the talks if it's going to be quote a one sided affair where it is pressured to give up its new. history being written only a few weeks ago at the summit of the north and south korean leaders where pyongyang said it was prepared to denuclearize but now north korea has put the brakes on. and a possible sign of growing problems the north perspire own a summit shed year old with south korea. the reason. the us the annual us south korea joint military exercises that are taking place the u.s. and south korea were surprised and disappointed. it's regrettable that north korea has decided to unilaterally perspire on the upcoming high level talks we have not heard anything from that

the reporting so far seems to indicate that the cuts will be everywhere and all the regions where dortch operates across all levels of the operation so retail banking investment banking assets management at its subsidiary of post the bank it's also it's already working on cutting its activities on u.s. equities but it's also started to reduce operations elsewhere like in central europe africa and the middle east so the supervisory board is apparently getting together tonight in order to consult on these plans and these targets with the results being presented tomorrow at that shareholders meeting where i will also be monitoring the developments as they unfold. u.s. president donald trump shocked america with plans to roll back banking regulations and now congress has approved a bill to dismantle pockets of the post financial crisis legislation but large lenders will have to continue as before. the u.s. congress voted to roll back dog frank rules is a big win for the small and midsized banks who have more freedom and less bureaucracy big banks with more than two hundred fifty billion doll