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Deutsche Bank to delay 2019 bonuses - New York Post

Jan. 28, 2020 1:29 PM ETDeutsche Bank Aktiengesellschaft (DB) StockDBBy: Liz Kiesche, SA News Editor8 Comments
  • Not only is Deutsche Bank (DB +1.2%) cutting its bonus pool, it's delaying them until April 1 from the usual Jan. 1, the New York Post reports, citing a memo written by CEO Christian Sewing.
  • And it's delaying 2020 raises.
  • “For the bank to be competitive and meet its goals for sustainable returns to shareholders it is vital that we further manage costs in a disciplined manner,” Sewing said in the memo. “This also relates to compensation.”
  • Deutsche Bank is scheduled to report Q4 earnings on Thursday.
  • Previously: Deutsche Bank to cut investment bank bonuses by ~30% - Bloomberg (Jan. 17)

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