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I be why the fuck they asked xxxsex girl pron photo closet faggot Joseph Gordon-Levitt of me? Do you your cumshot with the stars in the video. That is a great success - one that many considered unthinkable when we www our plans 14 months ago. It is the largest merger of two banks that the ECB has xnxx since the single supervisory mechanism was established. This merger had a number of prerequisites: a waiver, a Pfandbrief licence and extension to the new legal entity of the legal decree [which authorises us to employ former public servants].

All of this may sound technical and not create major headlines. But these steps required lengthy discussions and negotiations. I would like to highlight the so-called waiver from the ECB that will enable us to manage liquidity better across the Group. That shows you the trust that the supervisory regime places in us.

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Ladies and Gentlemen, Deutsche Bank is often criticised for failing to reach targets it has set itself. This time it is different: we have delivered on everything we said we would back in March when we communicated the merger of Deutsche Bank and Postbank. We will then be the undisputed No.

Due to our scale we will be in a stronger position in a banking sector which will consolidate ever more quickly. We will be able to set standards — both in terms of advisory services and products. We will be able to grow the business powerfully, specifically by assets under management and by lending volume.

That is why we are not only planning on making cost savings on synergies but also growing revenues. In the past two creampie porn free download, we increased revenues despite a lot of restructuring and despite low interest rates.

Additionally, our experience so far and the constructive dialogue with the www unions have both convinced me that we are on the right track to achieve the planned cost reductions and revenue growth of million euros per year by at the latest. Our cost-income ratio would then be below 65 percent. And we are working on accelerating this restructuring. While we decided xnxx withdraw from Poland and Portugal, www are focusing on our franchise in Italy and Spain.

In both countries we are relevant and excellent —that makes us one of the leading foreign banks. That has to be our motto: we invest in areas in which we excel. And we will withdraw from areas where we see no prospects www becoming a leader in the long www.

We will also invest in our digital offering. I could read out a long list. And going forward we will not only be a bank but a digital assistant which will accompany users in their daily lives in a simple and convenient way. For this purpose we are creating a completely new platform. Get ready for a surprise. Some 12 million millennials are potential customers for us in this space. Let me now talk about a further growth area, which is global: our Wealth Asian nurse handjob business.

Today, we have more than billion euros under management, and revenues in were around two billion euros. The market is growing as wealth increases, and we have the excellence to participate in that. That also means that we can achieve a return on equity of significantly more than 10 percent. And we can also say that we have delivered on what we set out xnxx do at DWS — we delivered and we will continue to deliver. In March we successfully floated our asset management business on the stock exchange - one year ahead of our deadline, despite challenging markets.

The basis for this is excellent products — and DWS has plenty. Seventy-eight percent of its funds fotos porno de marian cantu the benchmark index in the last five years. We deliver true long-term value for our clients here — and for you, dear shareholders.

Of course DWS will not be resting on its laurels. It is set to make more focused hires of new staff to achieve these goals, both in Germany and other European markets as well as in Asia.

DWS is also expanding its product range, for instance in structured loans or sustainable investment products, which are becoming more popular. Just last week, DWS launched a sustainability index fund. When I presented our plans 18 days after I took office, there was an expectation that we would start making radical cuts. I even read in one article that not a single stone would be left standing.

And we are staying international; we are active in more than 60 countries. Many of our clients do business with us precisely xnxx this reason: because of xnxx international network. To give you an example: out of our top global clients, 88 do business with us in or related to the Asia-Pacific region.

And the figures are even more impressive for the United States: 98 of our top clients use our US offerings. If we want to remain relevant for our clients we have to offer xnxx a network. Deutsche Bank was founded almost years ago to accompany German companies abroad. These roots are deep and will remain.

That means we have to offer much more than just loans. Not only large corporations but also small and medium-sized companies with strong export businesses need much more than just vanilla financing nowadays.

Our campaign of that name includes real-life examples of clients and employees from all our businesses. The finance and treasury departments of many international companies rely on us. This is not financial acrobatics, xnxx has nothing to do with gambling: these are services that facilitate far better planning for corporations and institutional investors. My dear shareholders, I could go on. But I want to say something else. We are a partner for our clients and support them with our financing solutions every day.

We stand www with the finance directors and treasurers of many corporations, and of family firms. And we are working not in shrinking but in growing markets: the number of companies with a market capitalisation of more than one billion dollars is likely to double in the coming decade. All of these companies are our potential clients — and I am confident that one day, many of www will indeed be our clients.

It is also true, though, that we need to focus on what we really do well. Which means, in turn, that other areas need to scale back. This also requires painful measures, and I know what that means. But it simply was the best solution. This focusing is already visible. And we aim to shrink the balance sheet, our so-called leverage exposure, which is currently around 1.

We aim to get the bulk of this done by the end of this year.

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But let me repeat: in those areas where we xnxx to stay - and that is the greater part of our business - we will expand. Www we are strong, we aim to capture market share or at least grow with the market. And accordingly, our return on equity should significantly improve. We take proposals like these seriously, we are evaluating them carefully, and we have assessed a number of options.

A bank is a sensitive organism. Instead of creating value, any disorderly or precipitate actions can destroy value very quickly, instead of creating it. And I took on this job to create value for you. And we can only do this if we manage our costs better. Overall, our production costs are too high.


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jewish porn photos As you can imagine, this is a very special day for me. Explaining our work to you should be the most important day of the year for any CEO. And standing here before you for the first time, I can only say how true this is. You are our shareholders, our bank belongs to you — a bank that plays an exceptionally important role in www economy, in Germany, in Europe, and far beyond. So it is our task to manage xnxx bank in your best interests, dear shareholders. Ass slave pics in the best interests of our clients and employees and for the benefit of society.
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