Deutsche Bank’s Investment-Banker Pay Fell 23% in First Quarter
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Deutsche Bank AG, Germany’s biggest lender, paid employees at the corporate and investment bank 23 percent less in the first quarter as the sovereign debt crisis curbed trading.
The company paid 1.59 billion euros ($2.1 billion) in compensation and benefits to employees at the division that includes transaction banking, compared with 2.07 billion euros a year earlier, according to Deutsche Bank filings today.