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Deutsche Bank Is Making Deep Cuts to 2018 Bonuses

  • Lender said to have cut bonus pool to below 2 billion euros
  • Deutsche Bank said to be giving raises to the top performers
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Deutsche Bank employees are facing deep cuts to their bonuses. Bloomberg’s Jan-Patrick Barnert reports.(Source: Bloomberg)
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Deutsche Bank AG employees learned what bonuses they would receive on Wednesday, with many facing deep cuts and some bankers in New York and London receiving zero payouts, people with knowledge of the decisions said.

Many of those who avoided large cuts to their 2018 rewards did so because they had guaranteed payouts, such as recent hires, the people said, asking not to be identified because they weren’t authorized to speak on the matter. Some top performers received raises, according to one of the people.