German bank restructuring, quick takes on markets & Europe
Germany’s largest bank is under pressure from investors to follow its rivals (UBS and Credit Suisse) and scale back on unprofitable operations. In the wake of its $2.5-billion Libor rigging fine, Deutsche Bank will cut €200 billion in investment bank assets and pull-back from 10 percent of the countries it operates in. Erin weighs in.
In discussion with Frances Coppola – associate editor at Pieria and blogger at “Coppola Comment” - Frances tells Erin what could be done to optimize the European Union and gives us her take on crises brewing in European countries.
After the break, Bianca gives us a daily news update on other major business headlines, including Jeb Bush’s record fundraising, the fall of bitcoin, US services sector activity, a possible Brexit and Apple earnings.
Ameera is joined by John Brynjolfsson – CIO of Armored Wolf. John tells us what impact he thinks currency swings will have on US multinationals earnings’ levels and what sectors of the equity universe he thinks offer value.
And in The Big Deal, Erin and Edward discuss Greece’s imminent default.
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