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CEO’s Winning Gamble May Keep Scrooge From Deutsche Bank Bonuses

  • Cryan dodges court fight, and settlement preserves needed cash
  • End-of-year cash bonuses may hang on mortgage-securities deal

Deutsche Bank AG employees may owe their cash bonuses for 2016, however modest, to a last-minute bargain by Chief Executive Officer John Cryan.

The beleaguered German bank, long embroiled in negotiations with the U.S. Justice Department, was inching closer in recent weeks to a resolution over its sale of defective residential mortgage-backed securities that fueled the financial crisis. Barclays Plc was deep in parallel talks with the government before hitting an impasse by mid-week.