U.S. Markets closed

Deutsche Bank CEO Said to Tell Asian Staff There's No Exit Plans

Cathy Chan, Steven Arons
Deutsche Bank CEO Said to Tell Asian Staff There's No Exit Plans

Deutsche Bank AG’s chief executive officer told employees in Asia that the bank isn’t planning to exit any country in the region as it presses ahead with a global overhaul, according to people familiar with the matter. Christian Sewing made the assurances at a townhall meeting in Singapore, the people said, asking not to be identified as the speech was private. During a separate investor forum that marked his first trip to Asia since taking over from John Cryan, he pledged to keep the struggling lender “strong” in the region even as it shuts offices and businesses elsewhere.