we are talking to jacob frenkel.nted and pulled out at the next central-bank governor as israel. he is also the jpmorgan chase chairman. ♪ . . >> warming up. pace is expected to pick up as the harsh winter weather fades. payrolls are due at 1:30 london time. >> michael kors conquers europe. bloomberg exclusive. nuri allred been he tells us europe is one or two shocks away from -- deflation. >> a warm welcome to those waking up in the united states. i'm guy johnson. >> i'm francine lacqua. this is "the pulse," in london. >> what if we got coming up? we are going to take you to the shores of lake como. that is where we find jake frankel. you'd will not want to miss that interview with the chairman of j.p. morgan chase international. >> first, it is job day in the u.s.. they are watching for signs the economy is recovering. with cranny joins us now a look ahead to the data. some of the data going into this has been quite supportive, but they are playing catchup to the winter weather. >> a little bit of that, yeah, but t

chris, jacob frenkel said a criminal indictment could close the bank. do you agree?at's a dangerous thing to say. that costs an awful lot of jobs. that is very extreme but this is some of the rhetoric we have heard coming out of your site of the atlantic on these matters in the last four years. >> christopher wheeler, thank you so much. with mediobanca. by thescinated, adam, importance of this almost pneumatically. -- almost diplomatically. right.are this is, at the white house level, president hollande level. a national institution like bnp paribas. >> gautti eggertson with us from brown university. i think of john charles roget in france and his work on banking crises. from where you sit, fed economics, is the crisis over? it continues for the banks. as the crisis over? >> that is a hard call to make. in terms of the banking sector, it is a hard call. i am not quite sure. the concern is i am not sure we are seeing renormalization in terms of interest rates, that is my main concern. whether the banks are still in trouble remains to be seen. >> and when we get the re