REPORT: Deutsche Bank CEO tells staff market forces are trying to undermine us

Deutsche Bank CEO John Cryan has sent a letter to employees reassuring them on the health of the business as the share price plummets, according to reports.

CNBC Anchor Sri Jegarajah is reporting that Cryan sent a note to employees saying that "market forces are in action to undermine confidence in us" and reiterating that the bank is in a strong financial position.

Deutsche Bank shares crashed 7% in the US and Germany on Friday after reports that hedge fund clients were restricting business with the bank to limit exposure. 

Shares plummeted close to 30-year lows after reports surfaced that the US Department of Justice is looking to impose a $14 billion fine for mortgage-backed security misselling in the run-up to the financial crisis. The fine is bigger than the banks market value, leading to fears it would be sunk by such a large fine.

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