Mark Filippino

Hey, Simon.

Hi, Mark.

Thanks for having me on.

Good to have you on.

So, you know, before we get into this turnaround, give me a refresher on how Deutsche Bank got this bad reputation in the first place.

Yeah, let's talk about that reset.

What did the bank do to turn things around?

Is it right to call it a boring but safe approach?

Simon, what's next for Deutsche?

I mean, will this turn around last or are there other obstacles that are standing in the bank's way?

Simon Foy is the FT's European banking correspondent.

Thanks so much, Simon.

Before we go, as you know already, the U.S.-Iran War is affecting shipping through the Strait of Hormuz, and there's one tycoon that is absolutely fed up with it.

His name is Evangelos Maranakis, and he's one of Greece's biggest ship owners.

He says he'd rather pay a $200,000 toll per ship to pass through the Strait of Hormuz than put up with, quote, this hassle.

The hassle being the fact that the waterway's effectively been shut since the war began in late February.

Now, Marinakis has a pretty unusual take.

Others across the industry say free transit through the street is necessary.

They say if ship owners have to start paying a toll there, it could set a dangerous precedent for other shipping choke points, too.

You can read more on all these stories for free when you click the links in our show notes.