- 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)
Deutsche Bank to delay 2019 bonuses - New York Post
Recommended For You
About DB Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
DB | - | - |
Deutsche Bank Aktiengesellschaft |