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Deutsche Bank Said to Consider Alternatives to Cash Bonuses

Deutsche Bank Said to Consider Alternatives to Cash Bonuses

Deutsche Bank AG is considering alternatives to paying bonuses in cash as CEO John Cryan intends to increase capital buffers and investor confidence. Some options discussed including giving some bankers shares in non core unit instead of cash bonuses.

“Since taking over in 2015,Cryan has suspended dividends, reduced bonuses, cut risky assets and have announced plans to reduce 9,000 jobs.”

~Bloomberg

The decision will probably depend on the size and timing of the settlement with US Department of Justice into the sale of real estate securities.  Since taking over in 2015,Cryan has suspended dividends, reduced bonuses, cut risky assets and have announced plans to reduce 9,000 jobs.

Related Reports: Bloomberg

 

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the Bank is continuously growing in North America, Asia and key emerging markets. With more than 78,000 employees in over 70 countries worldwide, Deutsche Bank offers unparalleled financial services throughout the world. The Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Visit: Deutsche Bank

 

 


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