On that leg on the plant weve been planning for quite some time that after achieving stabilisation last year cleaning up the Balance Sheet and in costs under control we now want to take the next step mats to align the bank with its strengths and that is what were pleased to announce to the company stumbled during the world financial crisis and its share price has yet to recover deutscher has also been held back by a procession of legal woes the bank repeatedly saw itself confronted with fines worth billions of dollars for Money Laundering violating sanctions and its role in the subprime mortgage scandal but the restructuring effort is now being seen as a new chance by investors. This dawdling around for the past few years is over now concrete steps are being taken to give the bank in new directions and thats what we were missing over the past 5 to 6 years. While deutsche has said the move will cost 7400000000 euros and hopes it will return the company back to the top tier of banking many experts say it may be the last chance to save the bank as well as it im now joined by halls telestial hes a Banking Expert at the Frankfurt School of finance and also in frankfurt our financial correspondent only bonsa standing by when he was start with you whats been the reaction in the markets today. Its been a very mixed reaction 1st reaction was positive the share when shooting up 34 percent way better than most other equities here and then turned around and below the 0 line and its now losing about 3 to 4 percent and i think investors impressed and a lot are positive that finally this overhaul is taking place many people have called for more drastic cuts job cuts and also to bring the cost down overall but also its apparent vestment banking which many saw as carrying too much risk in the end in the last few years fielding too little profits but there are also those who are of course skeptical that the bank will have the insurance the time to sit this out while this happens its going to be a painful process and some say paring down Investment Banking bad decisions where do you get the really good profits for the future from if thats gone. What does that mean for doj is operation in asia. Minor. On. The other side. Here. For a reason is. It is it is. Very. Good. Or is or ready was. This. Policy but still its hardly good news for america for germany rather as europes economic heavyweight to speak up a bit the Audio Quality is very very bad. I dont say all. Right. Keys. Oh. You. Come back there is. No. Reason because we said. A great. You all. Only in the halls just said thoughts about going back to its coal business but isnt it also admitting weve tried to play with the big boys for 20 years but were just not good enough youre referring to the Investment Banking expansion which began then and which for years actually read tremendous profits i mean the bank was a profit powerhouse and that was i think part of the problem then a culture of boni bonuses came in people were earning huge amounts of money and people started also doing illegal and immoral business and that basically that the 2 things huge bonuses eventually the bonuses stayed but the profits went and then a Risky Business came in but the but the bank in the knee in the in the in the in the shape of huge fines and so and now Investment Banking overall is going down and its important other banks have leapt ahead so yes they played with the big boys for a while quite successfully but somehow got off track and missed the boat when it came to changing course. And horseflesh both in frankfurt thank you very much. The turkish lira slid by more than 2 percent against the dollar during monday trading after the head of Turkey Central Bank was sacked no official reason was given former it said dismissal but its thought turkish president other one was frustrated by the banks decision to keep Interest Rates on hold the turkish government has been pushing for them to be cost analyst predict the central bank could start easing monitor policy at its meeting later this month. Were now joined by rung Runkle Barrett shes head of Market Analysis at money expert europe and joins us from london what does this mean now for the lira is it healthy enough. So if you look at the lyric today it looks like markets are giving the central bank the benefit of the doubt and i think this has a lot to do with the global expectations for easing from Central Banks it creates a hunt for yield and guess walk into the treasury has a lot of yield at the moment but i think really the main issue is that it exists abates the turkish Central Banks problem with credibility we still dont really know if the central bank will set Monetary Policy to fight inflation and protect the credibility of the currency or if its being sit by it one himself or by political pressures and its a major problem for the currency what we need in the markets whats whats the general spirit is do they need the Turkish Central Bank still regarded as being properly independent. I would say the spirit is one of extreme skepticism over everything that the c. B. I. Does and this creates a dilemma for the central bank because the Macro Economic fundamentals of turkey do allow the central bank to cut rates so they need to cut rates but the problem is they have a history of what looks like political interference they didnt raise rates in 2017 they suspended report gratian earlier this year and it raises questions over every single rate cut they make markets are going to be asking is this justified by the fundamentals or is it politically influenced so if they cut rates too fast they risk creating another layer a crisis of the sort that we saw earlier this year and considering how fragile Global Investor risk sentiment is right now it creates a very dangerous situation for the lira drunkards market and us is of money thank you. Now its a dispute that could affect global tech supply chains the route between japan and south korea the 2 countries cannot agree on compensation for forced labor during the 2nd world war tokyo has now decided to impose controls on exports destined for his neighboring country south korea. Its a controversial and painful issue for South Koreans well talk you believe the 2 countries had turned a new page the route over compensation for forced labor during the 2nd world war resurfaced. Last year south Koreas Supreme Court said a japanese Steel Company must compensate South Koreans for their time forced labor as during the war tokyo retaliated last week with restrictions on exports essential to south koreas Tech Industry thats causing worries in seoul. And i urge upin to withdraw its measures and for the 2 countries to have a sincere consultation to the vicious cycle of actions and counteraction is not desirable at all for both countries however our government cannot rule out countermeasures if the japanese actions inflicts damage on south Korean Companies new shoe. Japans restrictions will affect Tech Companies like samsung and hynix they in turn supply u. S. Tech giant apple and china as well way the regionals but could soon become a global event south korea says its planning to file a complaint with the World Trade Organization over japans restrictions. British airways is facing a fine of more than 200000000 euros over a day to bridge its the biggest penalty handed out by the u. K. Information watchdog last year their line fell victim to what it called a sophisticated malicious criminal attack on its website it said the hackers access to almost 400000 customer transactions British Airways says its surprised and disappointed by the fine. And thats it from me on the business. In the early Business Analysis im also back on stories to. Slash. The news is next brought right off for local Global Markets oh for. Playing. Closely. The listen carefully to. Simply miss going to be a good. Match. Led to discover the in. The i. Subscribe to the documentary on to. Her 1st day of school in the jungle. First camillus and. Then doris crane the moment arrives to. Join the ring in taking on her journey back to freedom. In our interactive documentary. Tour of the ranch and returns home on t w dot com tank. Bursts the lead home to members of species symbolic of the word significant the young those are big changes and must start with small steps but the ideas tell stories of krimigis people and innovative projects around the world players a country such a boost to privilege certain shots and resources to show. The current. Interactors come to teaching the next generation to cut. Channels available to people trying to catch a plane and were determined to build something here for the next generation. The environment series of global 3000. 00 on t. W. And all mine. The but. This is it really was a lawyer from berlin the worlds Nuclear Watchdog confirms iran has upped its enrichment of uranium tehran says it serves passing women stipulated in the 2015 nuclear deal after losing faith in a signatories to stop the u. S. Sanctions also coming up ukraines president a lot of years olinsky hosts e. U. Leaders for the 1st time in kiev to discuss the conflicts in the eastern part of the country