EFTA00703715.txt

"Worse negative rates....No client activity and heavy cost base and bankers who think it s still good old habits Ariane de Rothschild"

"ahh another J curve, i used to refer to it as a Jeffrey curve. but in zero interest rates, its more like a c"

"To: jeffrey E. <[email protected]>"

"Could be better ...shitty numbers - good net new money and catastrophic p&l Ariane de Rothschild"