(MENAFN) Deutsche Bank AG cut its last year bonus pool by almost 80 percent, which is a number unmatched in the bank's current history as it tries to recover from legal expenses.
Meanwhile, the lender is cutting payouts with an eye toward shareholders and is aware that it will be frustrating for workers.
Furthermore, the firm, which ops Europe's biggest investment bank, saw its shares fall by 23 percent last year amid increasing misconduct costs.
On the other hand, Deutsche Bank's wider compensation expenses dropped 11 percent to USD12.6bn in 2016 from a year earlier.
MENAFN2802201700450000ID1095273910
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.