during the live call-in program include matthew naylor, national world war i ecm and memorial president age." richard faulkner, authors of " persians crusaders." -- pershing's crusaders." clark, live today at 10:30 a.m. eastern on american history tv on c-span 3.

ecm was at 90%. for us. we have low spreads. debte have issued a lot of ipo's in the first quarter.ose conditions were favorable. it may continue or they may not continue. we are always cautious in our outlook. francine: i know that well. talk to me about cost cuts. where will we lose jobs? >> we are making good progress. growth is not for the job cuts. it is to make the bank more efficient. unfortunately, that does include job cuts. in our community today, we insisted a lot of how we cutting with non-staff costs. down 15% year on year which is an enormous amount. billiontry to hit 18.4 before 2018. we are on track. suissehat was the credit chief executive. coming up, the european close up next. stocks are up. stocks are gaining here for the sixth consecutive day. i leave you with the currency board as we approach the european close. this is bloomberg. ♪ julie: it is a love in your, 4:00 in london. from london, i am mark barton. vonnie: from your, i'm vonnie quinn. this is the european close on bloomberg markets. vonnie: a safe use to london in the next hour plus with toys out of wa

up 54%, ecm rose we have the volatility, low spreads. -- we have low volatility, low spreads.o those conditions were very favorable. it may continue or may not continue. you will probably notice we are always cautious. alix: i know that very well. talk to me about cost cuts. where will he lose jobs? doing this to make the bank more efficient. unfortunately, that requires job cuts but we are really focused on the non-comp expenses. and how we are cutting the non-staff costs. we went down 15% year on year. we are well on track to 18.4 billion by the end of 2018. we took it to bureau savings. >> we were just on track. zurich,e news now from francine lacqua. more than analysts have been expecting, what credit suisse's success depends on. clear that the ceo who i catch up with regularly reminded me that the 4 billion was not on top of estimates because investors thought it was going to be between 2 million and 4 billion. the 4 billion is what he said initially a year and a half ago. at the time he said about 9 billion. he initially said 6 billion and he said now it was an option to

i would say the ecm project from a operational perspective had a great impact. it is conversion both of all the imaged documents 234 to into a more accessible and actually better format for workflow and those types of applications. we are well into its third implementitation into the department and still a number of areas we will work on and carried it forward in a different iteration for the new strategic plan but that was second to converting from a legacy dumb terminal system and going to administration which is how we administer the plan. this is the second largest of this type of project. i will address because i had discussionwise commissioner driscoll rfx there is long standing risk management included in the strategic initiative and carried forward as a business plan initiative many many years ago and what we are saying is we now have both the resources at the requirement board supported in getting as well as the different approach and we believe it is now embedded part of the process in our world. it is at the appropriate level in the investment divisio

during the live call-in program include matthew naylor, national world war i ecm and memorial president and coee. the world war i centennial commission historical advisor and author of "47 days how pershing's warriors came of age." richard faulkner, authors of " persians crusaders." -- pershing's crusaders." clark, live today at 10:30 a.m. eastern on american history tv on c-span 3. comcast cable partners worked with c-span cities tour staff when we travel to chico, california. located 90 miles north of sacramento, its agricultural production plays a major economic role both locally and around the world. learn more about chico all weekend here on american history tv. ms. smallhouse: the chinese were here at a valuable time. chico was really coming into its own starting in 1840 and onward. so, i really consider them sort of helping build the foundation for what chico is today. we have a really, really important role. so, we are standing inside of an altar of a chinese temple housed at the chico museum. they started settling here as early as 1840, part of a movement happening all across t