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Cryan Sees No Change in HNA Intentions After Deutsche Bank Slump

  • Troubled Chinese conglomerate is seeking to raise cash
  • Deutsche Bank share decline could trigger hedges this month
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Deutsche Bank CEO Doesn't Rule Out Combination

Deutsche Bank AG Chief Executive Officer John Cryan said he has no reason to believe his largest shareholder, HNA Group Co., plans to alter its stake as the German lender’s stock slumps and the Chinese conglomerate seeks to raise cash.

“I’ve no sense of any change in their stance,” Cryan said in an interview with Bloomberg TV Friday. “I don’t know what their intentions are. Our relationship with them is fine.”