Quotes from the news wire:
There are 2020 targets and savings/investment plans which we and the market will take with a grain of salt, given their chequered history.
We're also looking at them to reduce the scope of their European retail operations, preferably to zero, and to trim back the residual German retail operations.
We’re also looking at them to reduce the scope of their European retail operations, preferably to zero, and to trim back the residual German retail operations.
It's a very difficult and complex path, but at least they're being proactive about doing something about the structure of the business, which is different from the past, when they would just raise new capital and say 'trust me it'll be different this time.'.
The issue today will be capital for a bank where concerns linger.
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