Skip to content
Subscriber Only
Business

Bonus Drought Over as Deutsche Bank Seeks to Retain Talent

  • Investment bankers set to receive more than 1.4 billion euros
  • Cryan says management board unanimously chose to waive bonuses
Video player cover image

Deutsche Bank Ends Bonus Drought

Updated on

Deutsche Bank AG’s bonus pool is almost back to normal, even if little else is.

Germany’s largest lender is awarding its staff 2.2 billion euros ($2.71 billion) in variable compensation, according to its annual report published on Friday. That approaches the level seen in 2015, when Deutsche Bank’s bonuses were broadly in line with its peers, and before Chief Executive Officer John Cryan began cutting back as the bank’s revenue shrank.