Last quote by John Cryan
John Cryan quotes
The core is really to continue to be this company anchored in Germany with a universal bank there, which is focused on international markets. We've largely withdrawn from Latin America. ... It's that arc from USA through Western Europe and all the way to the Far East.
We do have a number of other, smaller business that we intend to offer for sale.
Our strong preference was not to raise fresh capital... but I know never to say never.
I have been in a CFO role before, so I know never to say 'never'. It remains to be seen what those (regulatory) uncertainties hold for us.
Once we have assessed, particularly our capital position from a regulatory perspective. Once we have assessed that we will always consider how we best manage the company's resources.
We are, however, nearing our objective of being able to concentrate primarily on the future instead of repeatedly having to look over our shoulders at past events.
Our conduct in this matter, which occurred from 2005 to 2007, falls short of our standards and is unacceptable. We apologize unreservedly for it. We have subsequently exited many of the underlying activities and comprehensively improved our standards. As we enter 2017, we are pleased to have resolved this matter.
We have subsequently exited many of the underlying activities and comprehensively improved our standards. As we enter 2017, we are pleased to have resolved this matter.
We're not sure that the fundamental nature of products will change much, although regulation tends to impact that. We don't think the demands of our clients and counterparts will change much, it's the delivery mechanism.
We can use technology to improve our own controls. We can use technology to improve our efficiency and then we can use technology to improve the customer service.
The result of the constitutional referendum in Italy is a harbinger of renewed turbulence that could spill over from the political arena to the economy - with Europe particular endangered.
We have a set of forces operating against the banking system at the moment which militate against its strength and undermine its ability to foster economic growth.
The results for the quarter demonstrate well the strengths of our operating businesses and the outstanding work of our people. We continued to make good progress on restructuring the bank.
Unfortunately, we have to assume that the situation will stay difficult for a while.
In a situation like this, the most important factor is our liquidity reserves.
There is therefore no basis for this speculation.
Our job now is to ensure that this distorted perception does not more strongly influence our day-to-day business.
The reported actions related to a few of our 800-plus clients representing a minimal proportion of our overall business.
We are confident that the vast majority of them have a full understanding of our stable financial position. We never comment on specific client activity and respect our client's position. It is common to see fluctuations in balances among hedge fund clients with aggregate ebbs and inflows and this week is no different and hedge funds often deal with several banks at a time and moves balance between them in the normal course of business.
We are and remain a strong Deutsche Bank.
We should look at the complete picture.
At no point did I ask the chancellor for support. Neither did I suggest anything like that.
Monetary policy is thwarting goals to strengthen the economy and to make banks safer by now.
We come out of the 2016 stress test stronger than in 2014, although this year's exercise was more demanding. The bank would focus on further strengthening its capital.
Further cuts may be needed. If the current weak economic environment persists, we will need to be yet more ambitious in the timing and intensity of our restructuring.
If the current weak economic environment persists, we will need to be yet more ambitious in the timing and intensity of our restructuring.
I'm afraid that this is not such a good day for Europe. At this stage, we cannot fully foresee the consequences, but there's no doubt that they will be negative on all sides. As a bank headquartered in Germany and with a strong presence in the U.K., we are well prepared. However, there's no doubt that the uncertainty created by the referendum's results will be a challenge.
It's taken an awful long time to get to agreement. And we're still not quite there yet, but I am pretty confident that within the next month or two, we'll have an agreement.
Litigation expenses of this magnitude are completely unacceptable.
At the moment, it is unclear to us whether we will make a small loss or a small profit but at the moment it's looking as though we are on the cusp.
2016 will be the peak year for our restructuring efforts.
Quintin's treatment plan is still being finalised, but it will necessitate his full-time focus for the foreseeable future as he undergoes further tests and consultations.
Q1 is normally our strongest quarter and it hasn't been very strong. February was pretty tough. an end of quarter rush would not make up for a slow start.
Deutsche Bank is no exception to this. Nonetheless, in this period of market turbulence, Deutsche Bank remains very solid.
We have taken many steps to improve our controls and processes and to strengthen the Bank's governance.
Unfortunately, there are lots of things I wish for that are not going to come true.
We have some monster companies in the U.S.
I think the combination makes a great deal of sense.
To afford to invest to remain absolutely state of the art, one does need size.
Our core business will be international banking, international capital markets, rooted in Germany.
It feels on the inside that our absolute core business – the backbone of Deutsche Bank – is GTB, global transaction banking – this is not solely focused on Germany.
We are a universal bank.
I am still very confident that by the middle or the third quarter of this year, the main ones – you can never promise it – but hopefully they're behind us.
This is the first full-year loss since 2008, which is sobering.
Cash I think in ten years time probably won't (exist). There is no need for it, it is terribly inefficient and expensive.
As we execute on Deutsche Bank's strategic agenda, now is the right time for us to sell this investment.
We do not worry too much about a possible takeover of Deutsche Bank.
The market also expressed some concern about the adequacy of our legal provisions but I don't share that concern. We will almost certainly have to add to our legal provisions this year but this is already accounted for in our financial plan.