Chief Regulatory Officer Sylvie Matherat, who was promoted to board level by CEO John Cryan, said she needed at least another year or so to complete the compliance set up.
"If you really want to solve a problem in a sustainable manner, it will take longer and will be more difficult," Matherat told Reuters in an interview.
"The current management team is trying not to do quick fixes. It's much better to clean up properly. But that takes time and the journey can sometimes get a bit bumpy."
Deutsche Bank Considers Doing The Smallest Possible Thing To Turn It Around
What? You try running this place!
Deutsche Bank Exec Appears To Be Totally Unaware That Deutsche Bank Is Headquartered In Germany
New rule: The only bank not allowed to bitch about moving to Frankfurt is the one already fucking based there.
Deutsche Bank Predictably Manages To Do The Right Thing In Totally The Wrong Way
The whole cutting-things-to-the-bone-and-firing-everyone-before-lunch thing totally would have worked seven years ago. Now? Maybe not so much.
Banks Allegedly Rigged Sovereign Bonds, Because They Exist
Admit it: You’d almost be disappointed if they hadn’t.