Le Point: Deutsche Bank’s New CEO, John Cryan is Killing Value says The Edge Group

By Benoit Toussaint reporter, Le Point, Paris: The market severely punished Deutsche Bank, who finished with a fall of 6.38% to 25.59 euros. The first German bank has been in difficulty for several years, had a very heavy loss of 6 billion euros in Q3 and depriving shareholders of dividend for 2015 and 2016. “Deutsche Bank is focused on costs and not enough on the opportunities,” said Ryan Mendy director of analyst firm The Edge Consulting Group.

The new boss of the group, Briton John Cryan, unveiled an updated version of the 2020 strategic plan developed by the bank earlier this year but it was not convincing. The new perspectives have not attracted more investors.

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