Deutsche Bank May Hold Back 90% of Bonuses
Deutsche Bank may withhold bonuses from as many as 90% of the bankers and traders. Only the top 10% are expected to receive a bonus for 2016. The bonuses are to be paid out in instalments over the next five years.
“Only the top 10% are expected to receive a bonus for 2016.”
The bank has been exploring different ways to paying bonuses in cash. This is because it is trying to build capital buffers and increase investors confidence in the company. One of the idea proposed is replacing the cash component with Deutsche Bank stock.
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.
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