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That says that Fund Managers benchmark. Eight the how much of europe they have over the normal recommendation about 4 . Of that is the lowest exposure of europe in 15 months. Equity markets are opening lower. There is one story that finally has arrived and we have the numbers. It is the Foreign Exchange investigation which bloomberg started. It is a day of reconciliation in terms of the numbers. 3. 3 billion the u. K. , switzerland, and the united states. It could be up to 5 billion and globally, 40 billion. The markets are a little lower. Rbs saying how disappointed he was with the charge levied against rbs. They are fully protected and fully provisioned. Ubs up three quarters of one cent bumping the equity market trend. The whole rate litter can only charge them. The cftc and the fda. The americans and the swiss along with the u. K. , two quarters of a billion dollars. Tha ....
Much damage can be sustained . Were still seeing money flow out of the total return fund as well as pimco generally. Those numbers in october, up to almost 50 billion. Is there lasting damage here . We dont think there is any lasting damage at this point. Based on our modeling we think pimco could sustain outflows up to 300 to 350 billion over the next two years before its performance or operation is impeded. Gerri all right. Charlie, what do you make of that . I am like blown away. He thinks they can take 350 billion . Now we should point out it is a fund. How big is the fund, whole complex is over a trillion dollars, right . I think im safe saying that. Gerri formerly the biggest fund in the country. Not anymore. Total return fund was the biggest fund in the country. I will say this. I think if pimco, if pimco has 350 billion over the next three years coming out of that fund, that company will be, if you think the stuff going on there now is anything, that will be worse. That doesnt ....
Headquarters in london. Great to be back with you for a second day. Lets get straight to our top story. We begin with a bloomberg exclusive. Russian Prime MinisterDmitri Medvedev sat down with Ryan Chilcote to talk about the ongoing situation in ukraine and the impact on the sanctions. I sat Prime Minister and down for what was his first interview with an International MediaOrganization Sanctions were imposed against his country. He told me that the standoff with the west could lead to a second cold war. To put it simply, sanctions are always a sign of tense relations. We do not support sanctions. We have not commented on them a great deal o ....