Deutsche Bank CEO Sees Europe Pivot East on Merkel

The transcript discusses Angela Merkel's speech on Europe-US relations and its impact on Deutsche Bank and John Cryan's response. It explores the potential of Frankfurt as a banking hub, the implications of Brexit on euro clearing, and Commerzbank's workforce reduction strategy.

What was the main focus of Angela Merkel's weekend speech?

• The relationship between Europe and Asia

• The relationship between Europe and the United States

• The future of the European Union

• The economic growth of Germany

What did John Cryan highlight about the potential shift of Europe?

• Towards the North

• Towards the South

• Towards the East

• Towards the West

What was John Cryan's view on the new Basel rules?

• He was unaware

• He was surprised

• He was indifferent

• He was opposed

What concern did John Cryan express regarding Brexit?

• It would have no impact on Deutsche Bank

• It could have negative implications for Deutsche Bank

• It would only affect Commerzbank

• It would benefit Deutsche Bank

What strategy is Commerzbank employing to reduce its workforce?

• Expanding to new markets

• Hiring more employees

• Offering early retirements

• Increasing salaries