Bonus Season

Deutsche Bank CFO Warns on Bonuses After ‘Difficult’ Year

James von Moltke says pay “will reflect performance in 2023”
Deutsche Bank set to report full-year results on Feb. 1

WATCH: “Preconditions in Europe are quite difficult across a number of different dimensions,” von Moltke says.Source: Bloomberg

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By Steven Arons, Nicholas Comfort, and Francine Lacqua

January 16, 2024 at 10:40 AM UTC

Updated on

January 16, 2024 at 2:20 PM UTC

This article is for subscribers only.

Deutsche Bank AG is preparing staff for a tough bonus season.

Variable pay “will reflect performance in 2023,” Chief Financial Officer James von Moltke said in a Bloomberg Television interview at the World Economic Forum in Davos on Tuesday. “And as you have seen in a number of different areas of the investment banking business in particular in 2023, it has been a difficult market.”