Deutsche Bank to Cut Bonuses of Staff Misusing WhatsApp Messaging
- Barclays has taken similar measures, it said earlier Wednesday
- US regulator SEC has levied fines totaling over $2 billion
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Deutsche Bank AG will cut bonuses for staff that inappropriately used messaging services for business communications as the repercussions from a sweeping US probe ripple across the industry.
Employees whose usage of unauthorized devices or messaging apps was found to be in particularly severe breach of policies will see a substantial reduction in variable pay, people familiar with the matter said. The cuts affect pay still to be awarded for last year, the people said, asking not to be identified discussing private information.