Can Deutsche Bank Be Fixed?: DealBook Briefing

Supported by Can Deutsche Bank Be Fixed?: DealBook Briefing Photo John Cryan, the chief executive Deutsche Bank Credit Daniel Roland/Agence France-Presse — Getty Images Good Tuesday. Here’s what we’re watching:
• So you want to be Deutsche Bank’s next C.E.O…
• Investors are selling tech again.
• Will Wall Street’s top regulator keep going after bad bankers?
• More potential limits on gun sales
• Facebook’s growing political troubles
• Uber’s self-driving travails
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So you want to be Deutsche Bank’s next C.E.O…Imagine you are applying to be the C.E.O. of Deutsche Bank now that it’s reportedly seeking a successor to John Cryan, the bank’s current chief.
You survey the bank’s numbers to get a sense of the opportunities and challenges you’d face.
Staring you in the face is the stock price, down nearly 30 percent this year. Ugly, but it could be a good entry point. It gives you time to try out some tough measures aimed at improving D..

US firm CME makes £3.9bn bid for London-listed NEX Group

The combined group will be based in Chicago but maintain a European base in London, if the deal goes ahead
US exchange CME has agreed a £3.9bn deal to buy Michael Spencer’s NEX Group following weeks of talks.
Under the terms of the acquisition, CME will pay £10 for each NEX share, in the form of £5 in cash and 0.0444 new CME shares. NEX, formerly known as Icap, has recommended the offer to shareholders.
Read more CME Group plans buyout of Michael Spencer's NEX If the deal goes ahead, Mr Spencer will join the CME board to remain with the combined group as a special adviser. NEX’s headquarters will be joined with CME’s head office in Chicago, with the new firm also maintaining European HQ in London.
CME boss Terry Duffy said the deal would “allow us to create significant value and efficiencies for our clients globally”.
“Michael Spencer and his senior leadership team have built a world-class organisation that is at the center of capital markets. We are committed to mainta..

UK house price growth slows to seven-month low, Nationwide data shows

London was the weakest performing region, with house prices down 1 per cent compared to the same month a year ago
UK house prices rose at their slowest pace in seven months in March, underscoring bruised consumer confidence, according to mortgage provider Nationwide.
Average prices rose by 2.1 per cent this month on an annual basis, which was down from a 2.2 per cent increase recorded in February and represented the lowest rise since August last year.
London was the weakest performing region, with house prices down 1 per cent compared to the same month a year ago, Nationwide said. The capital also remained the most expensive region. Home ownership in the city is now at 47 per cent, down from 57 per cent a decade ago.
Read more UK house prices fall in February for first time since last May “On the surface, the relatively subdued pace of house price growth appears at odds with recent healthy rates of employment growth, a modest pick-up in wage growth and historically low borrowing..

Bulletin Board: ‘He Is Not a Victim’: Our Austin Bomber Coverage Explained

‘He Is Not a Victim’: Our Austin Bomber Coverage Explained Photo Officials investigating near a vehicle where Mark Conditt, the suspect in the deadly Austin bombings, blew himself up as the authorities closed in on him in Round Rock, Tex., on March 21. Credit Jay Janner/Austin American-Statesman, via Associated Press Many news organizations, including our own, came under criticism from some readers last week for coverage of the bombings in and near Austin, Tex. Some said The Times’s initial reporting on the suspect, Mark Conditt, treated him too lightly or did too much to humanize him because he was white and Christian.
We invited readers to share with us their questions or comments on the reporting. We heard from about 2,000 readers. We’re running a selection of their questions with some responses from our journalists below. The questions have been condensed and edited for clarity.
Please see this as the start of a conversation. We welcome you to leave additional remarks in the commen..

For the U.S. and China, a Technology Cold War That’s Freezing Over

For the U.S. and China, a Technology Cold War That’s Freezing Over Photo The Apple Store in Shanghai. A fight between the United States and China is cleaving the high-tech realm. Credit Imaginechina, via Associated Press A cold war is being waged across the world’s most advanced industries. And it just got a lot chillier.
Recent tit-for-tat trade actions could deepen what has become a global contest for technological dominance between the United States and China, home to the planet’s largest population of internet users and a flourishing community of start-ups and innovative companies.
The Trump administration this week accused Beijing of stealing valuable technological know-how from American companies as it proposed tariffs on $60 billion in Chinese goods and curbs on Chinese investments. China responded with its own set of penalties aimed at American products.
The fight between the two countries is cleaving the high-tech realm. The world’s two biggest economies have each become incre..

Uber’s Self-Driving Cars Were Struggling Before Arizona Crash

Uber’s Self-Driving Cars Were Struggling Before Arizona Crash SAN FRANCISCO — Uber’s robotic vehicle project was not living up to expectations months before a self-driving car operated by the company struck and killed a woman in Tempe, Ariz.
The cars were having trouble driving through construction zones and next to tall vehicles, like big rigs. And Uber’s human drivers had to intervene far more frequently than the drivers of competing autonomous car projects.
Waymo, formerly the self-driving car project of Google, said that in tests on roads in California last year, its cars went an average of nearly 5,600 miles before the driver had to take control from the computer to steer out of trouble. As of March, Uber was struggling to meet its target of 13 miles per “intervention” in Arizona, according to 100 pages of company documents obtained by The New York Times and two people familiar with the company’s operations in the Phoenix area but not permitted to speak publicly about it.
Yet Uber..