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BLOOMBERG On The Move January 29, 2015

The a and b shares. 15 billion worth of cuts over the next three years. In an interview, he said the dividend was safe. It was about longterm investment. In terms of the overall headline numbers 4. 2 billion was the headline. They missed the core number by over 1 billion. At shell, that transfers through with the hhe told us its natural that suppliers will see the most and youve got a supplier. Vallourec is the supplier. They said because of the oil pressure, that is literally what they said, they said this is where they had to take 1. 2 billion euros worth of a breakdown in the european and brazilian business because of the hammering in the price of oil. The word they used is not battered. Brutal is the word. Deutsche bank. There is one ceo sitting in smiling. Why . Because we are looking for over 400 Million Euros loss. That came in with the fourth quarter. That was a shock. Legal costs are down. This is a bank that, up 2. 47 . T ....

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