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Deutsche Bank Traders Finally Have Something to Smile About

  • ‘We’re talking about investing for the future,’ Cryan says
  • Lower revenue, higher compensation helped fuel losses
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Deutsche Bank CEO Doesn't Rule Out Combination

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Deutsche Bank AG Chief Executive Officer John Cryan, seeking to restore morale after massive bonus cuts last year, raised compensation for traders and bankers in 2017. He didn’t get much in return.

Trading at Frankfurt-based Deutsche Bank slumped 27 percent in the fourth quarter to 886 million euros ($1 billion), while fees from advising on deals and arranging debt and equity sales fell 3 percent. Higher bonuses combined with the decline fueled a loss at the German lender’s investment bank.