e.u. deutsche bank could shift up to three quarters of the estimated six hundred billion euros and capital it is currently keeping in london back to its frankfurt headquarters that's according to the financial times and deutsche it is not the only bank looking towards frankfurt switzerland's u.b.s. has also picture many financial capital as its new european hub if the u.k. crashes out of the e.u. without a divorce deal. now this year's world artificial intelligence conference is underway in shanghai showcases the latest advances in a field that china let's not forget wants to lead by twenty thirty authorities hope that a national top ten ranking based on criteria like funding local support and laugh facilities will encourage competition perhaps unsurprisingly beijing is already in the top spot it's home to many ai research facilities which enjoy broad political support shanghai comes in number two. stay on the subject because when it comes to artificial intelligence china faces competition from many countries including germany berlin is one of the top ten cities in the world for research b

deutsche bank's executive called for a unionized -- unionizing banks. christian sewing called for a bank union here in milan. >> after the brexit, we have 450 inlion people in the e.uricas, and we need one center. how can it be that an investor has a different documentation in spain than in germany? we should not be surprised that people have more difficulties with our documentation. francine: we are back with david herro. where theon the panel deutsche bank chief executive was talking about the banking union. you made an excellent point, which was what if we do it, but without looking at the problems of tomorrow? what if it was a backward looking banking union? david: this could be a big issue. just look at some frontier markets like china, where you have a very different payment system forming, and you have peer-to-peer lending. all of these things that, if you do not incorporate into your new system, you're already going to be behind the times in your new unified banking system. the old system of someone goes , ao a branch, deposits money loan officer makes a loan, analyzes credit -- all of this has been compressed with technology. if, through technology, someon