Deutsche CEO tries to reassure staff as shares plunge

Deutsche Bank CEO Cryan addresses the bank's annual general meeting in FrankfurtFRANKFURT/LONDON (Reuters) – Deutsche Bank's chief executive sought to reassure his staff on Friday that Germany's largest lender remained robust, telling them that the departure of any hedge fund clients was small compared to the bank's vast customer base. Chief Executive John Cryan's letter, seen by Reuters, addresses reports of the departure of "some few" hedge fund clients, blaming "speculation" and "certain forces" for what he called unsettling media coverage. People familiar with the matter told Reuters that one large hedge fund in Asia had pulled out collateral from Deutsche amounting to $ 50 million in the last two days, while other sources said this had happened elsewhere, albeit on a small scale.



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