Deutsche Bank AG CEO John Cryan said the bank is planning to sell a number of small businesses over the next 12 months or so, in a bid to make the lender simpler and more focused.
In an interview with CNBC at the World Economic Forum in Davos, Switzerland, the executive said Deutsche Bank would prefer not to raise new capital, but declined to rule it out.
Cryan said while the bank has made "a lot of progress" on regulatory and litigation matters, "there's still some uncertainty" on that front, specifically pointing out Basel capital requirements. Cryan added that there are other pending cases that will have to be settled, though they are expected to be smaller than the $7.2 billion settlement with the U.S.
Meanwhile, Cryan denied rumors that the bank had been in talks with the German government about a potential state bailout.