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Deutsche Bank apologizes in full-page newspaper ads

Deutsche Bank apologizes in full-page newspaper ads

Publicerat av Tony Harkén måndag, 13 februari 2017.

Germany's largest lender has apologized for its costly mistakes in the past as it deals with historic legal troubles. Last week, Deutsche Bank announced a 1.4 billion euro annual loss.

"Since I became chief executive of Deutsche Bank one-and-a-half years ago, we have had to pay around five billion euros 5.4 billion dollars in legal cases largely originating from several years ago," chief executive John Cryan said in the ad.

Cryan admitted that the bank's past conduct "not only cost us money, but also our reputation and trust."

Read more at - www.dw.com/en/deutsche-bank-apologizes-in-full-page-newspaper-ads/a-37416525

Publicerat av

Tony Harkén

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