Deutsche Bank Said to Consider 20% Bonus Cuts in Europe
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Deutsche Bank AG is considering reducing bonuses for investment bankers in Europe by as much as 20 percent on average for 2012, while bankers in New York will see smaller declines, said four people briefed on the matter.
The cuts may range between 10 percent and 20 percent on average in Europe, the Middle East and Africa, while bonuses in locations that performed better or where competition for staff is stronger will fall less, said the people, who asked to remain anonymous because the matter is private. The plans are preliminary and may change, they said.