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.”
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
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