4 buiillion in wealth managemen. Our markets business on the debt side, even relative to the last First Quarter last year, were up more than 10 . In equities, substantial improvement over the Fourth Quarter of last year. The only business which is slightly down is our Transaction Banking business. But thats a function of the fact that we have exited a number of countries and also exited a number of highrisk clients. Let us especially talk about clients. You are saying in that letter to employees that clients are coming back. Are clients reassured about the stability of deutsche . When you look at the performance q1 number, we are north of 14 . Thats a very Strong Capital position from which were coming. The funding position of the bank has substantially improved. We now are able to talk to our clients based on a completely different starting point. And we see that reflected. Many people came back when they heard about the settlement with the department of justice. And there was kind of
Are pose a high risk for terrorist financing, or perhaps the weak spot may be with the other federal regulators, that the other federal regulators arent focussing and emphasizing on whether or not these banks are in compliance with the counterterrorist financing regulations under the bsa. But it seems to me its unacceptable, two banks, if you look at the actual orders issued, only two banks where i could find references in those orders to threats regarding terrorists claims. Yes, sir. In that light as we look at our partners throughout the world, we have relationships with him, many of whom we give tens or hundreds of millions of dollars of foreign aid, its always of concern to me of how we are not honored by our relationships with our partners and particularly in this situation thats so critical for the National Security and for theirs as well. To what extent, what would you advise us as a congress in Going Forward and how we could put greater pressure on these respective countries an
Kuwait as the two jurisdictions in the gulf where additional steps could be taken. Time of the gentleman is expired. Chair now recognizes the gentleman from massachusetts, mr. Lynch. Thank you, mr. Chairman, again, mr. Secretary, thanks for your willingness to testify. I just want to make one observation. I do share the frustration that some of my colleagues across the aisle have expressed about staunching the flow of oil and degrading some of the facilities that are currently under the control of isis. But i do want to point out that, for instance, the beiji oil refinery, i dont know, about 75, maybe 150 miles north of baghdad, ive been there a couple of times. It is not really its low tech, but its the largest refinery that they have there in that region. If we had destroyed that a month ago i think the iraq government you know, last week, two weeks ago, the iraqi forces retook that refinery. So now it is pumping oil for the Iraqi Government. Its a key asset, if we had gone in there
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