Deutsche Bank Plans to Ease Bonus Limit Imposed by EU
This article is for subscribers only.
Deutsche Bank AG, Europe’s largest investment bank by revenue, will ask shareholders to ease European Union curbs on bonuses, doubling the amount it can pay employees to the equivalent of twice annual salaries.
The request, to be made at the company’s annual shareholder meeting in Frankfurt in May, reduces pressure on the bank to raise fixed pay, Deutsche Bank said in an e-mailed statement today. It won’t increase total compensation, it said.