FRANKFURT, Germany (AP) - Deutsche Bank CEO John Cryan says the bank is making "good progress" on a wide-ranging restructuring despite losing 6.8 billion euros ($7.5 billion) last year.

FRANKFURT, Germany (AP) Deutsche Bank CEO John Cryan says the bank is making "good progress" on a wide-ranging restructuring despite losing 6.8 billion euros ($7.5 billion) last year.

The bank was hit by 5.2 billion euros in expenses to settle regulatory litigation, and by 5.8 billion euros in write-offs on the value of assets and businesses.

Cryan said Thursday the bank would face further legal expenses in 2016 as it pushes to settle remaining litigation "as soon as possible."

He is leading a push to simplify the bank by leaving or selling risky or less profitable lines of businesses. It plans to shed 35,000 jobs by 2020.

The bank has faced legal issues over rigging of financial benchmarks, and last year paid $258 million for violating U.S. sanctions against Iran and other countries.