Cryan Says Deutsche Bank Is Strong, ‘No Basis’ for Speculation

Deutsche Bank AG Chief Executive Officer John Cryan said the lender has never had as safe a balance sheet in the past two decades and there is “no basis” for media speculation on clients leaving.

“Our bank has become the object of heavy speculation -- renewed rumors have sparked marked swings in shares,” Cryan said in a letter to staff on Friday. “Our job is that this distorted perception from outside doesn’t influence our business in a stronger way. There are some market forces, that want to weaken this confidence in us.” Even the outcome of U.S. litigation doesn’t justify the share decline, he said.