John Cryan - Deutsche Bank

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Last quote by John Cryan

In the past few years, we've done a lot of planting and a lot of sowing.feedback
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May 18 2017
John Cryan has been quoted 66 times. The one recent article where John Cryan has been quoted is Deutsche Bank reports first quarter net profit of 575 million euros. Most recently, John Cryan was quoted as having said, “I am pleased with the start we have made to 2017. Client engagement is strong, asset flows are returning across the bank and activity is picking up. Our cost-cutting efforts are starting to pay off, while we have reduced complexity significantly.”.
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John Cryan quotes

The overall mix of businesses becomes a little more stable ... A bit more predictable.feedback

For us, 2017 began with a lot of promise. In key areas, our business is operating distinctly better than in the previous year, for example in our capital markets business. We are gaining additional momentum from the fact that we were able to put additional litigation matters behind us.feedback

The effect has been seen in asset prices, market activity and volatility - all of those generally have been good for us. The three most important drivers of revenues of our markets business would be asset prices, volatility levels and customer activity. Particularly with the latter we have been very pleased. We don't expect the wheel to be reversed.feedback

We are only beginning to see these achievements reflected in the financial results.feedback

Our results for the year 2016 were heavily impacted by decisive management action taken to improve and modernize the bank, as well as by market turbulence for Deutsche Bank. We proved our resilience in a particularly tough year. We finished 2016 with pleasingly strong capital and liquidity ratios and we are optimistic after a promising start to this year.feedback

We are competing on a global basis. If we don't act, financial hubs in the European Union will not benefit from the chances that Brexit offers. The answer to this global competition has to be a more integrated capital market in the EU, and as quickly as possible.feedback

At a basic neuroscience level, all the key mechanisms of the brain have been shown to be regulated by the microbiome.feedback

Bacteria could eventually be used in lieu of chemical treatments.feedback

People forget how big it is and it's a very lovely steady stream of predictable profits and revenues for us, so we like it very much, so we'll keep that.feedback

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.feedback

We do have a number of other, smaller business that we intend to offer for sale.feedback

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.feedback

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.feedback

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.feedback

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.feedback

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.feedback

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.feedback

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.feedback

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.feedback

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.feedback

Unfortunately, we have to assume that the situation will stay difficult for a while.feedback

There is therefore no basis for this speculation.feedback

Our job now is to ensure that this distorted perception does not more strongly influence our day-to-day business.feedback

The reported actions related to a few of our 800-plus clients representing a minimal proportion of our overall business.feedback

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.feedback

At no point did I ask the chancellor for support. Neither did I suggest anything like that.feedback

Monetary policy is thwarting goals to strengthen the economy and to make banks safer by now.feedback

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.feedback

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.feedback

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.feedback

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.feedback

Litigation expenses of this magnitude are completely unacceptable.feedback

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.feedback

2016 will be the peak year for our restructuring efforts.feedback

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.feedback

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.feedback

Deutsche Bank is no exception to this. Nonetheless, in this period of market turbulence, Deutsche Bank remains very solid.feedback

We have taken many steps to improve our controls and processes and to strengthen the Bank's governance.feedback

Unfortunately, there are lots of things I wish for that are not going to come true.feedback

I think the combination makes a great deal of sense.feedback

To afford to invest to remain absolutely state of the art, one does need size.feedback

Our core business will be international banking, international capital markets, rooted in Germany.feedback

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.feedback

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.feedback

This is the first full-year loss since 2008, which is sobering.feedback

Cash I think in ten years time probably won't (exist). There is no need for it, it is terribly inefficient and expensive.feedback

As we execute on Deutsche Bank's strategic agenda, now is the right time for us to sell this investment.feedback

We do not worry too much about a possible takeover of Deutsche Bank.feedback

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.feedback

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