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Deutsche Bank Management Board Waives Bonuses for Third Year

  • CEO Cryan tells Zeit newspaper employees to get 2017 bonuses
  • Worker payout pool to top $2.5 billion for 2017, person says
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Deutsche Bank AG management waived its bonuses for a third consecutive year while the German lender is boosting payouts for bankers and traders despite reporting a loss for 2017.

The 12-member board won’t get variable compensation for 2017, a Deutsche Bank spokeswoman said Saturday, confirming comments by Chief Executive Officer John Cryan reported on the Die Zeit newspaper website.