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Deutsche Bank’s Top Management Forfeits Part of Their Bonuses

Christian Sewing
Christian SewingPhotographer: Jason Alden/Bloomberg

The management board of Deutsche Bank AG has offered to forfeit part of their 2019 bonus as the lender is set to post a multibillion-euro loss.

Board members under Chief Executive Officer Christian Sewing are willing to give up the component of their bonus that reflects individual performance, a spokeswoman said by phone. They would still get awards for group performance and some other benefits that will total about 13.3 million euros ($14.6 million), she said. That includes about 2 million euros for three executives who left the top management body last year.