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From: Melinda Roy [ Sent: 2/10/2016 3:38:33 PM To: Paul Morris I I; Stewart Oldfield Subject: FW: Research Email Attachments: CIO View Special.pdf; 10 Themes of 2016.pdf; 10 Themes Replay Information.pdf; Chi
have to evolve through true currency flexibility. Best, Melinda From: Stewart Oldfield Sent: Monday, February 08, 2016 4:52 PM To: Melinda Roy; Paul Morris Subject: RE: COMPLIANCE COMMENT: Deutsche AM CIO View Special: "Beyond the oil bust: Are markets right to worry?" (client-ready english versions -
their expectations for major currencies around the world, which centers on their thesis of ongoing USD strength. • Focus Europe — Chief Economist Mark Wall dives into the risks of a slowdown in euro-area growth, primarily driven by an external demand shock and a deflationary shock. • Weekly Highlights
Subject: FW: Research Email From: Melinda Roy <[email protected]> Date: Wed, 10 Feb 2016 15:38:33 -0500 To: Paul Morris Stewart Oldfield This has been approved. Let me know if you need me to send from your computer. Melinda From: Melinda Roy Sent: Wednesday, Febr
s been approved. Let me know if you need me to send from your computer. Melinda From: Melinda Roy Sent: Wednesday, February 10, 2016 9:11 AM To: Paul Morris; Stewart Oldfield Subject: Research Email [I] Classification: For internal use only Since we came out with a WM Approved version of the CIO View S
es their expectations for major currencies around the world, which centers on their thesis of ongoing USD strength. Focus Europe — Chief Economist Mark Wall dives into the risks of a slowdown in euro-area growth, primarily driven by an external demand shock and a deflationary shock. Weekly Highlights —
This is the latest I have From: Stewart Oldfield Sent: Monday, February 08, 2016 4:42 PM To: Melinda Roy; Paul Morris Subject: RE: COMPLIANCE COMMENT: Deutsche AM CIO View Special: "Beyond the oil bust: Are markets right to worry?" (client-ready english versions -
? I think we've added a few people over the last couple of months From: Melinda Roy Sent: Monday, February 08, 2016 4:41 PM To: Stewart Oldfield; Paul Morris Subject: RE: COMPLIANCE COMMENT: Deutsche AM CIO View Special: "Beyond the oil bust: Are markets right to worry?" (client-ready english versions -
es their expectations for major currencies around the world, which centers on their thesis of ongoing USD strength. Focus Europe — Chief Economist Mark Wall dives into the risks of a slowdown in euro-area growth, primarily driven by an external demand shock and a deflationary shock. Weekly Highlights —
From: Stewart Oldfield Sent: Monday, February 08, 2016 3:30 PM To: Melinda Roy; Paul Morris Subject: RE: COMPLIANCE COMMENT: Deutsche AM CIO View Special: "Beyond the oil bust: Are markets right to worry?" (client-ready english versions -
a replay of Larry's Ten Themes call? Maybe we can include that and the presentation From: Melinda Roy Sent: Monday, February 08, 2016 2:44 PM To: Paul Morris; Stewart Oldfield Subject: RE: COMPLIANCE COMMENT: Deutsche AM CIO View Special: "Beyond the oil bust: Are markets right to worry?" (client-ready e
es their expectations for major currencies around the world, which centers on their thesis of ongoing USD strength. Focus Europe — Chief Economist Mark Wall dives into the risks of a slowdown in euro-area growth, primarily driven by an external demand shock and a deflationary shock. Weekly Highlights —
. Managing the value of the RMB will restrain monetary policy independence, which will eventually have to evolve through true currency flexibility. Paul Morris Managing Director Deutsche Bank Private Bank etr z Peerty)i& CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0120445 CONFIDENTIAL S
their expectations for major currencies around the world, which centers on their thesis of ongoing USD strength. • Focus Europe — Chief Economist Mark Wall dives into the risks of a slowdown in euro-area growth, primarily driven by an external demand shock and a deflationary shock. • Weekly Highlights
Entities connected to both Paul Morris and Mark Wall

Martha Stewart
PERSON
Stewart Oldfield
PERSON
Deutsche Bank
ORGANIZATION
Bloomberg L.P.
ORGANIZATIONMelinda Roy
PERSON
Melinda Gates
PERSONBloomberg Finance LP
ORGANIZATION
Philippines
LOCATIONLarry Adam
PERSON
Norway
LOCATIONDavid Bianco
PERSONFocus Europe
ORGANIZATIONDoug Band
PERSONUS Equity
ORGANIZATIONEvolving FX Policy
ORGANIZATIONChino
LOCATION
Denmark
LOCATIONCrude Oil Outlook
PERSON