changes. yvonne: which banks are better positioned? joo-yung: recently, we did take some rating actions.aw what we did with jpmorgan. we also upgraded bank of america. they turned around their earnings story. we continue to see that play out. i don't know that we take winners or losers per se. yvonne: what do you make of deutsche bank? joo-yung: you know, that was, i recently with deutsche bank, we did put them on negative outlook. we have another round of strategy changes. it is a decent amount of execution risks. produced earnings that were surprising to the market on the upside. relatively similar to what we saw last year. yvonne: do you think that this is a change in what we saw with the company itself? or do you think they are doing more now? do you see positivity with the new leadership? joo-yung: he's pretty focused on cost cutting. we are seeing quite a bit of that. we are rethinking his strategy in the u.s.. that's part of what we want to see in terms of longer-term, where the profitability comes from as well as stability with postbank, so we are looking at that. there is still