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.

Sorry if John Cryan got a little too real there.

“We’ve said this year is not going to be a profitable year, we may make a small profit, we may make a small loss, we don’t know,” Cryan said at a conference in London on Wednesday. “There’s a lot of stuff we have to get done this year, so this year we’re not going to be profitable.”

Deutsche Bank Shares Fall After CEO Forecasts Unprofitable Year [Bloomberg via Matt Levine]