Deutsche Bank mulls waiving 2020 management bonuses due to coronavirus: Reuters
Apr. 01, 2020 10:49 AM ETDeutsche Bank Aktiengesellschaft (DB)DBBy: Gaurav Batavia, SA News Editor7 Comments
- Deutsche Bank (NYSE:DB) is considering to waive bonuses for its management board in 2020 due to the fallout from the coronavirus crisis.
- European Banking Authority said that banks should be “conservative” in how they award bonuses to preserve capital and keep lending to an economy hit by the coronavirus outbreak.
- A decision hasn’t been made yet but the bank is likely to result in waiving bonuses for top board members, the person said.