monthsse, it is just six after stephen hester, the chief executive -- tech problems last week. concerns about pushing their own small businesses that they lend to into default. >> there is a lot to do and a lot to discuss on rbs. we have a lot of corporate news. we have everything that relates to macro. we are on the fed watch. talk, a wavetaper of risk aversion has swept through the market. i will allow them that. we are waiting for china. we are listing growth targets and inflation targets. that will come through tomorrow. the germans have got a bit of inflation white unlike the rest of europe. when it comes to investing across the map, we had a conversation today with the cio for ubs wealth. he says the real economy is getting better. europe is going to go through more deleveraging. get ready for equity market returns of around seven percent to eight percent. that is on a global basis. still, equities look attractive. this map is about the moment. paris just opening on the green. let's see what they have got that the rest of europe haven't got. vivendi up 1.7%. lvmh up 0.5%.

and for the last three and a half years stephen hester refused to investigate it so philip hampton refused to investigate it and for three and a half years they've put on jew effort into avoiding investigating with legal threats harassment illegal surveillance and and in the meantime i've continued to to investigate i've worked with various investigative journalists more recently i've provided intelligence case studies and access to key advisers to lawyers tomlinson and his study and insight to the partner business and i absolutely agree with you. in the last couple of years i've realised that it isn't a couple of rogue managing directors that it is institutionalized that systemic it's run absolutely from the top and although geology was set up in one thousand nine hundred two as a recovery unit i generally believe that's what it was and it did for for us but at some point i reckon about two thousand and two two thousand and three it was changed to profit center and they went and they became very good at it very aggressive and they've been profiteering ever since. i'd go beyond using the w

his departure comes six months after rbs ceo stephen hester announced his resignation.tantial loss this year after the creation of a bad bank for its worst loans. u.s. budget negotiators have unveiled an agreement to avoid another government shutdown next week. it eases automatic spending cuts and reduces the deficit. the house will consider the measures later this week. the agreement would end a three- year cycle of partisan showdowns over the budget. both wall street and u.s. regulators are claiming victory after the adoption of a strict new volcker rule. regulators are pleased with the restraints on hedging. won exemptions for their market-making that. they were able to push the role's start date to july 2015. let's talk about how the european markets are trading as we go to the u.s. session. manus cranny with more. >> european equities managed to galvanize themselves. it attempt onit the upside by the heart of europe. paris up 0.6%. we are waiting for the chinese to tell us, are you sticking for your growth targets of 7.5%? are you sticking to your inflation started