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!