POST Online Media Lite Edition



 

Deutsche Bank to pay staff 2 billion euros in bonuses for 2017

Staff Writer |
Deutsche Bank said its 2017 bonus pool would be above 2 billion euros ($2.46 billion).

Article continues below




But the bank's top managers are foregoing their annual bonuses for 2017 after coming under fire for awarding big incentive payouts even though Germany's largest bank lost money last year.

"Variable compensation for the whole bank will be somewhat over 2 billion euros," Deutsche board member Karl von Rohr told news agency Deutsche Presse-Agentur (DPA).

The sacrificing of bonuses for the management board "isn't because we are of the opinion that we did a bad job," von Rohr was quoted by DPA as saying. "Rather, we considered it for the best that the board takes responsibility."


What to read next

Deutsche Bank: There's no way we'll pay $14 billion
Deutsche Bank completes $8.5 billion capital increase
Deutsche Bank seals deal with Land Securities for new London HQ