Deutsche Bank CEO appeals for calm
- Deutsche Bank's chief executive has made an appeal for calm, telling employees that worries over the bank's financial health are vastly overstated.
"Our bank has become subject to speculation," John Cryan said in a letter to staffers that outlined the bank's financial position and urged employees to not allow a "distorted perception" from interrupting its business.
In his letter, Cryan acknowledged the media reports but said concerns were "unjustified." He said the bank's balance sheet is the strongest it's been in two decades and noted it has more than 215 billion euros ($240 billion) in liquid reserves.(Excerpt) Read more at: money.cnn.com ...
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