Deutsche Bank investment bankers earning bonuses of as much as EU500,000 ($546,000) will have to wait a year longer to receive their full bonus, people with knowledge of the plan told Bloomberg.
- Bank to defer ~75% of variable pay between EU200,000 to EU500,000 over a 4-year time period in equal portions
- Previously, that portion was deferred over 3 yrs
- London-based spokesman at Deutsche Bank declined to comment
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