Deutsche Bank on Thursday reported a $7.4 billion loss for 2015 and announced that management's bonuses would be cancelled. The release was followed by a nearly three-hour phone call with CEO John Cryan, in which he sounded pretty glum. "The bank I would like to run at the moment is Wells Fargo," Cryan said at one point on the call, according to the FT's Laura Noonan. "I would love to make 400 basis points in retail banking and have a relatively easy life. Unfortunately there are lots of things I wish for that are not going to come true." [BI, earlier]
Tell Your Clients Deutsche Bank Is 'Rock Solid': CEO Of Deutsche Bank, Who Openly Fantasized About Running Wells Fargo Last Week
John Cryan has apparently had a change of heart!
Deutsche Bank Investment Banking Chief Would Make More Than CEO, If Deutsche Bank Wasn't Capping Executive Pay
Let's talk about "theoretical" pay.
It's Almost As Though Deutsche Bank's CEO Doesn't Care That Chauffeured Mercedes Sedans Are A Lifestyle His Employees Have Grown Accustomed To
He basically (but not really) just told them to start taking the bus.
Deutsche Bank's Got A Lot Of Things To Get Done This Year And Turning A Profit Isn't One Of Them: Deutsche Bank CEO
If you were looking for a bank that makes money, you'd best look elsewhere.
A Large Chunk Of Deutsche Bank Employees Are Embarrassed To List "Deutsche Bank" On Their Résumé: Deutsche Bank
Survey says: Less than half of employees "are proud to work at the firm."
Analyst Downgrades Deutsche Bank To "Basically Fucked"
Autonomous pretty certain that the fall of The House of Cryan is nigh.