Deutsche Bank CEO Says Brexit Vote Is Negative for All Sides

Deutsche Bank AG Chief Executive Officer John Cryan said while the German lender is well prepared, the British vote in favor of Brexit will be “negative on all sides.”

“I’m afraid that this is not such a good day for Europe,” Cryan said in an e-mailed statement on Friday. “At this stage, we cannot fully foresee the consequences. There’s no doubt that the uncertainty created by the referendum’s results will be a challenge.”