this was the task jane fraser had to take on.he had to take this bank and have it catch up to american peers, not to mention international ones, that is the transformation sonali referenced in that interview matters. citi becoming a more international presence and having bigger presence than american peers in international markets. that has been one of their achilles heels. not to mention their wealth management story. if you need a metric of success, the price to book ratio is the first place to go because that is where you saw citi's lag is most apparent, now that catching up has a little ways to go but has improved when it comes to citi's information and jane fraser of course at the helm of that. tom: focus more broadly through the transformation in terms of private markets and relationship with banks. something that you scrutinize pretty closely. >> it is a completely different world where private markets are a much bigger part of the conversation than they were 10 years ago. a lot of this has to do with the roles the banks p

citi is the subject of today's "big take" story, in which the ceo jane fraser says she needs five years to pull off the elusive turnaround, and now that we are halfway through that period, she says she is committed to those goals. she spoke exclusively to sonali basak. jane: my ambition is to be a high-returning, high-quality earnings, modern, simpler institution that continues to play a shaping role in the global financial system. we are truly privileged to be as -- in as many locations as we are with the talent base and such a global mindset and an ambition about it. i think about we have the right strategy and vision, we are executing with the right organization, we've -- making sure we've got the right talent and culture in the firm, and that we are simpler and more controlled organization. sonali: if you could give yourself a great on the restructuring plan-- a grade on the instruction plan, what would you give yourself? jane: we aren't done yet, so i can give ourselves a grade yet. this is -- we will be disciplined about making sure we do not take shortcuts, and the problem with g

sonali: of course, that was the citigroup ceo jane fraser in the middle of a massive turnaround storyer bank. i will now bring in a senior reporter for our finance team at bloomberg news. we used to sit back back so i missed conversation with you. i had to drag you on set two days before new year's. what do you think the prospects for next year? you already saw for example barclays ready to set up much bigger bonuses for their bankers. is it looking that rosy across the street realistically? >> i don't we just talked about the interview but if you had to see the best indicator for what people are expecting next year for the banks, look at what their stocks have done this year and that will tell you what you need to know about expectation and the outlook going into next year. they are all up 40% to 50%. jeffries is up something like 95%. sonali: i was going to say none better than goldman but jeffries is perhaps better. sridhar: the fact that their stocks doubled this year on the expectation they will be a gusher of activity opened up next year, that is where banking expectations are r

fraser. frank. frank. fred. how are you? support up to seven brain health indicators, including memory. when you need to remember, remember neuriva. >>> it's "sunday morning" on cbs. here again is janethe award winning filmmaker werner herzog has been a most singular voice in the movie. he is using that voice this morning in conversation with our ben mankiewicz. >> reporter: did you turn your phone off? >> i do not have a cellphone. i don't have to turn off anything. i just want to live and have a real conversation with a real person. >> reporter: werner herzog got his wish. authentic conversation at his home in the hollywood hills. there have to be a handful of countries you haven't been to. >> there are some places where i dream to go but i can't see everything. so it doesn't make me nervous. >> reporter: he is a legitimate film making visionary. in hollywood and around the world. he has directed more than 20 feature films and better than 30 documentaries. >> if i abandon this project, i would be a man without dreams. i don't want to live like that. >> reporter: from a journey to the amazon to a life among grizzlies in the arctic. he has put it all into a memoir with a title that'