Deutsche Bank Slashes Bonuses After Hefty Loss
March 20 2017 - 4:31AM
Dow Jones News
By William Wilkes
FRANKFURT--Deutsche Bank AG (DB) slashed bonuses paid to staff
by 80% last year after the German lender suffered its second
consecutive full-year loss.
Bonuses for 2016 will fall to 546 million euros ($588.2 million)
at constant currencies from EUR2.4 billion in 2015, the bank said
in its annual report.
It made a net loss of EUR1.4 billion last year.
Total pay, including fixed pay and bonuses was down 15% at
EUR8.9 billion from EUR10.5 billion in 2015.
-Write to William Wilkes at william.wilkes@wsj.com
(END) Dow Jones Newswires
March 20, 2017 04:16 ET (08:16 GMT)
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