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Anna a very warm welcome to bloomberg daybreak europe, our flagship morning show from the city of london. I am anna edwards. Manus i am manus cranny. We have breaking news from one of the big banks in europe. Underlying profit comes in at ¥650 650 million euros. If you want to see a buffer of capital, these guys have got it aplenty. The underlying cost to income ratio, this is going to be good news for the market. It comes in at 60. 2 . This was one of the concerns at the end of the year. Their cost income ratio was rising. It came up to 65. 9 last year, the year before. Underlying profit, 650 million euros. They have a buffer of capital. Cost operating expenses, to income ratio, looks as if it is coming a little bit more under control. We will have the conversation chairman at amro 6 20. They join us in 15 minutes. The let us talk about state of risk. Volatility is rising again, but do not go nuts about it just yet. This is certainly reflecting in the way we were talking about the la ....
About 2 00 this afternoon. Peco is working to reroute electricity, but its still unclear how long it will take for all the power to the neighborhoods to get restored. Denise nakano, nbc 10 news. Slow progress. Crews had to use chemicals at first to put out this fire because it was electrical. Mitch blacher has been reporting on the Fire Fighting efforts all evening long. This is a big challenge. Yeah, it was. When we first started here we showed you all the flames coming out of the building. Now were giving you the perspective of the fire crews that are still huddled around and getting, you know, their organization together so that they can continue to make sure that the hot spots are out. I want to give you a view from skyforce 10 as well. You can see the building where we originally saw all of that thick black smoke coming out is now really settled down as theyve extinguished all of the fire that was emerging from this peco subst ....