Deutsche Bank Must Weigh Scrapping 2016 Bonus, Sewing Says
- Lender scrapped 2015 management bonuses following annual loss
- Christian Sewing commented in interview with Bild-Zeitung
Will Deutsche Bank Scrap 2016 Bonuses?
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Deutsche Bank AG’s supervisory board should discuss scrapping bonuses for top executives for a second year after Germany’s largest bank put dividend payments on hold, consumer banking chief Christian Sewing said.
“It’s clear that if we don’t pay our shareholders a dividend, then our own bonus needs to be up for debate as well,” Sewing, who sits on Deutsche Bank’s 10-member management board, told Bild-Zeitung. A spokeswoman for the Frankfurt-based bank said the comments were reported accurately.