on one hand, more tasks to mr. jain and also more pressure on mr. jain to deliver because the time is over now. erik: your company has funds amount dutch of bank -- amounts of -- and deutsche bank. do they have you support? ingo: our approach is to say to the board members who knows all the details. it is not the question of the system from a shareholder point of view to dismiss management. erik: i understand that from a practical point of view, but do you think he is the right man to be running this bank? as you just explain, jain has more power and effectively in control of the bank's strategy is that the right move? ingo: we took a vote today against management because we have no trust in the management. nevertheless, it is a last chance for mr. jain to prove the strategy is right and he has to deliver late and we will see what happens. erik: he has one year to prove himself or else? ingo: correct. erik: thank you very much. olivia: breaking news coming out from hewlett-packard. vonnie quinn has more. vonnie: we are getting headlines out of hewlet

mr. jainis newly attended managers. what is the overlay of this american management and leadership practices or does that have nothing to do with the dialogue? hans: everyone came up through the same league. the idea that there is a distinctive american approach to the management of this bank, not sure if that is a factor. mr. jain started off his press conference speaking german and then he switched back because he wanted the clarity of english. the translation remained in english. tom: that is brilliant. brendan: hans nichols, thank you for helping us understand what is happening. today marks another round of washington versus wall street. we will explain why big banks are not a big fan of the new bill easing financial rules. this is "bloomberg surveillance." good morning. ♪ tom: we need to talk about one of our guests. dean maki. you know him from barclays. what a name, steve cohen, you can do better than that. dean maki with a brilliant call. here are the unemployment rates for the united

mr. jain is expected to pass pass most of those. we'll have to see how late it is.his guy. under german law, everyone that asks a question gets an answer. this could go on. guy: we're up to latvia tsipras is going to be there. greece is not going to be too far off the agenda when it comes to this e.u. summit? hans: i believe he succeeded merkel for the in-- is seated next to merkel for the dinner. there appears to be a georgian wine. a little bit of color for you out of latvia. this is an important meeting in establishing the temperature and dramaticics. in terms of specifics we're not going to get a lot coming out. that puts more pressure on next week when it looks like it will be crumple time. >> looking forward to hearing about that georgian wine. absolutely nothing wrong with it. we will find out. hans nichols getting everything covered. the full menu. that wraps things up for "the pulse." there is plenty more on the menu. stay tuned. "surveillance" is up next. we need to look at what's happening. the feds, what the message is that has been communicated. you wan