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00:00MY NEXT GUEST. WHAT DOES THE LOBBY GROUP WANT FROM DEUTSCHE BANK TODAY? > > WE ARE REPRESENTING INSTITUTIONAL AS WELL AS PRIVATE SHAREHOLDERS OF DEUTSCHE BANK, AND WHAT WE ARE SEEING IN THE LAST YEAR, IS THAT DEUTSCHE BANK DOES NOT COME TO REST. IF IS SCANDAL AFTER SCANDAL AND ARRAYED AFTER RATE --RAID AF TER RA YOUI COULD SAY THATDWE ARE GETTING USED TO IT, BUT THE SHARE PRICE IS GOING SOUTHWARD. MANAGEMENT HAS TO MAKE IT TASKS AND MAKE IT WORK. I THINK IT IS ESPECIALLY THE QUESTION TODAY, WHETHER THE WOMAN WHO IS IN CHARGE OF ALL THINGS CONCERNING MS= MONEY-LAUNDERING AND ETC., WHETHER SHE IS THE RIGHT WOMAN IN PLACE. FRANCINE: IF SHE WERE TO BE REPLACED, WOULD IT MAKE YOU MORE COMFORTABLE ABOUT THE DIRECTION DEUTSCHE BANK WILL TAKE? KLAUS: IT WOULD NOT SOLVE THE PROBLEM FROM ONE DAY TO THE OTHER, BUT FOR ME, IT IS A QUESTION OF WHETHER SHE HAS DONE HER WORK CORRECTLY. WE HAVE SEEN THAT SHE COMMENTED ON THE MONEY LAUNDERING QUESTIONS ON THE DENNIS BANK THAT DEUTSCHE BANK HAS NOTHING TO DO WITH THE CUSTOMERS OF THE DANISH BANK, THAT WAS WRONG. KNOW YOUR CUSTOMERS, THAT IS A RULE APPLICABLE TO DEUTSCHE BANK. WE DOUBT THAT SHE IS STILL THE RIGHT PERSON IN THE RIGHT PLACE. TOM: THANK YOU FOR JOINING US WITH THIS BREAKING NEWS TODAY. YOU WERE QUOTED BY BUSINESS INSIDER DEUTSCHLAND AS SAYING -- THIS CANNOT GO ON FOREVER. WE KEEP SEEING THE FOREVERS, PANAMA PAPERS, MAYBE IT IS OLD NEWS, MAYBE WE WILL SEE SOMETHING IN A DANSKE BANK, WHO KNOWS. AS YOU GAUGE RETAIL, INSTITUTIONAL, IS IT EIGHT EUROS, SEVEN EUROS, FIVE EUROS, WHAT IS THE BREAKING POINT FOR THIS PSYCHOTIC INSTITUTION FOR THIS SHARE PRICE? KLAUS: EVERY CENT IN THE LOSSES IS TOO MUCH IN THESE SCANDALS, THEREFORE, THE CEO HAD A LOT OF COMPLIMENTS WHAT HE TOOK OVER AS CEO, AND HE NOW HAS TO DELIVER. I THINK HE KNOWS THAT HE HAS TO DELIVER. THE INVESTORS ARE TOTALLY RED -- TOTALLY TIRED OF ALL THESE SCANDALS AND RAIDS. TOM: WHAT IS THE RETAIL THEORY IN GERMANY? THE PEOPLE WHO OWN DEUTSCHE BANK SHARES, HOW ANGRY ARE THEY, OR DO NOT CARE? KLAUS: THEY ARE TOTALLY UPSET ABOUT THE DEVELOPMENTS AT DEUTSCHE BANK. 20 YEARS AGO, EVERYBODY WAS VERY PROUD OF BEING A SHAREHOLDER AT WHICH A BANK OR OF BEING AN EMPLOYEE OF DEUTSCHE BANK. BUT NOW, IF YOU ASK DEUTSCHE BANKERS ON THE STREET WHETHER THEY ARE PROUD OF WORKING FOR DEUTSCHE BANK, THEY ARE NOT EVEN SAYING THAT THEY WORK FOR DEUTSCHE BANK. SO THIS MUST HAVE AN AND. THIS IS ALSO ONE OF THE REASONS FOR THE BAD SHARE PRICE THAT WE ARE SEEING, IN THE LAST TWO YEARS. FRANCINE: WE SPOKE TO YOU ON A JUNE 1 OF THIS YEAR AND WE ASKED YOU AT THE TIME OF WHAT YOU THOUGHT OF THE DEUTSCHE BANK CHIEF EXECUTIVE. AND YOU SAID, HE JUST NEEDS MORE TIME AND SHAREHOLDERS NEED TO GET BEHIND HIM. DO YOU STILL FEEL THAT WAY? KLAUS: YEA, IT IS GETTING DIFFICULT FROM WEEK TO WEEK, MONTH TO MONTH. WE ARE STILL WAITING FOR IMPROVEMENTS AT DEUTSCHE BANK. WE SEE SMALL STEPS IN THE RIGHT DIRECTION. THIS RAID TODAY HAS BROUGHT DEUTSCHE BANK DRAMATICALLY BACKWARDS IN THEIR EFFORTS OF GETTING THESE SCANDALS OFF TO THE PAST.

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'Scandal After Scandal' Rocks Deutsche Bank Says Shareholder Lobby Group

Klaus Nieding, vice president of Deutsche Schutzvereinigung für Wertpapierbesitz, discusses the police raid on Deutsche Bank headquarters in Germany. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)

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