. >> and in another cnbc ex-clues if, ermotti says investors are looking for sustained period of calm before they take out money from cash reserves >> geopolitical front is, you know, quite a warning in respect to what's going on almost every day, so investors are really fundamentally touched by all those, and need to see prolonged and stable pattern going forward. >>> there are a lot of green tiles today on this screen european markets off to a positive start this week stock europe 600 is tracking up over a third of 1% today seen some gains from friday when we had solid job numbers let's look at what's happening in individual european indexes it is around a third percent the italian ftse up by a half% so far today let's look at what sectors drive the gains this morning we see real estate is in the lead almost up by just over six-tenths percent on the other hand, most of the sectors are in the green still ceo of uvx says the swiss banking giant will begin to narrow down options with bricks it related moves by end of the summer or early part of fourth quarter. carlin spoke about the ou

ermotti's defense, i don't think he needs a lawyer, like me. i mean, ubs has one of the highest cte 1 in europe. i think with that level of -- >> that's not the case, is it? you say europe, you're talking -- >> yes >> i saw good roes, despite those high cap stall levels, we spoke to danska, they still have good roes. >> they say healthy rise in prices let's have a look at what mr. thiam is doing how has he done? he's been there two years now? >> yeah, two years it's been a rough ride >> it's been rough for him externally, had problems interminalinter internally is it beginning to bear fruit? >> on the cost side, always a pretty much pain in the neck for credit suisse, he seems to be getting the job done he's quite confident that he will match the full-year guidance on the cost side, which is very important for credit suisse, yes, almost there. on the revenue side, it's more tricky if you look at the inflows in the wealth management, apart from asia pacific, which was a bit weaker in the first quarter, this time of the year, that's what seems to

sergio ermotti has told bloomberg he's in no rush to make brexit related choices about the future ofiness. laterwill make a decision , q3, early q4. we have a lot of flexibility and we don't feel that we need to put pressure on the timing, and find ourselves having some kind of regrettable moves. taylor: b.n.p. paribas has outshone deutsche bank. profit surpassing analyst estimates. equity and prime services revenue jumped 26% amid surging demand while provisions for bad debt fell. , thereou look at today is a positive momentum which is continuing. that environment, you should probably let it cater a little bit longer, and not step in with further regulation. taylor: amazon tumbled in extended trading after reporting a big jump in quarterly costs and offering a disappointing outlook. expenses rose. earnings per share came in at $.40, much lower than the $1.42 expected by analysts. that is your bloomberg business flash. mark: shares into of the u.k.'s biggest estate agents falling after reporting a plunge in profit. they continue to be dogged by a sluggish property market. foxtons rep