Cryan Defends Deutsche Bank as Some Clients Pare Back Exposure
- Millennium, Capula among counterparties shifting positions
- CEO says bank has never been more stable in past two decades
Could a White-Knight Deutsche Investor Make a Killing?
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Deutsche Bank AG Chief Executive Officer John Cryan rushed to shore up confidence in his beleaguered lender after concern some clients are reducing exposure to the company pushed shares to record lows.
The bank’s balance sheet is safer than at any point in the past two decades, Cryan told staff in a memo Friday. “Trust is the foundation of banking. Some forces in the markets are currently trying to damage this trust,” he said.