Anna a very warm welcome. This is bloomberg daybreak europe. Manus delivering the numbers. Francs,ion swiss penciled in by the market. Through, 22. 1 percent. Global growth will remain strong in the Fourth Quarter. Withue coming in line estimates. In terms of the net income looks to be a bigger force. The Global Markets division that we will break down. The trading divisions at parabas and barclays came under pressure. Some breaking news. Numbers are getting from elsewhere in the financial sector. Ing giving firstquarter numbers beating estimates. Underlying pretax profits to billion euros, the net income number 1. 3 8 billion euros. In the Third Quarter, that is above the estimate. A ratio of 14 point 5 . This is the biggest debt to lender, ing and the business is cutting costs to ease pressure on revenue because of the low Interest Rate environment. When youre into the plan they want to achieve 900 Million Euros annual savings by the end of 2020 one. They are limiting jobs and invest
His son released. Meeting government officials as they try to quell growing government anger over emissions. Oh caroline welcome to bloomberg daybreak europe. From here in the city of london, on anna edwards. With got commerzbank reporting a secondquarter net loss, 630 537ion euros, a loss of million. That lost a bit wider than what we expected. They are giving us guidance in 2017, saying they see it slightly positive net result. This is germanys secondlargest listed bank. That antly found out company disclosed owning 5 , making his business the second largest shareholder after the german government, which bailed out commerzbank. Byy plan to cut 6000 jobs 2020, to free up cash in other areas. Sticking with the banking theme, we have numbers out of Societe Generale. Profits down 28 . Litigation clouds lingering over this international dealings. The products business helping the trading to outperform some of their rivals. They are also grappling with litigation. That is, to some extent,
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