Deutsche Bank Said to Limit Immediate Bonuses to $409,000
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Deutsche Bank AG, Europe’s largest bank by assets, plans to tell employees it will impose a 300,000-euro ($409,000) cap on bonuses being paid this year, said three people with knowledge of the discussions.
The cap, which will apply across the company, may be relayed to employees next week, said the people, who asked not to be identified because the plans are private. Senior staff, or what the bank calls “regulated” employees, will receive as much as 150,000 euros in cash, with the balance available in shares in August, the people said.