Deutsche Bank had a rough go in 2015. The Germany-based big bank posted a Q4 net loss of €2.1billion, largely due to litigation costs. For the full year, its net loss came to €6.7 billion, again mostly because of litigation costs.

Don’t get me wrong, I don’t feel bad for the bank. It brought its troubles on itself. Scandal after scandal involving rate and currency manipulation has shown that the big bank didn’t learn anything over the years.

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It’s to the point where new CEO John Cryan doesn’t actually enjoy helping the bank with its turnaround plan.

“The bank I would like to run at the moment is Wells Fargo,” says Cryan. “I would love to make 400 basis points in retail banking and have a relatively easy life. Unfortunately there are lots of things I wish for that are not going to come true … Sometimes I go home in the evening and I say to my wife I wish some people would actually think I had some talent for running a company and not just cleaning it up… Once we have the bank set up, its cost bases and its capital in a good place, it should be fun running a company like this.”

Employee morale isn’t so hot right now either. Not too long after Cryan stated that bankers get paid too much, employees were told that their bonuses would be cut by 25% to 30% in an attempt to cut costs, and, frankly, to show that their performance has been ridiculously unimpressive.

So how long is it going to be until Deutsche Bank gets back in business? Was 2015 the last difficult year?

Cryan said in a statement: “In 2015 we made considerable progress on the implementation of our strategy. The much-needed decisions we took in the second half of the year contributed to a net loss for the fourth quarter and full year.”

“We are focused on 2016 and continue to work hard to clear up our legacy issues. Restructuring work and investment in our platform will continue throughout the year.”

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