Deutsche Bank is set to slash its bonus pool by approximately 10 per cent after a tough year for Germany’s largest bank.
It has also been speculated by Bloomberg the bank’s board could be more selective in its bonus pay in an attempt to keep its highest earners.
In 2017, the German lender handed out £2bn in bonuses, but that figure could be set for a double-digit fall following less than impressive third quarter results, which saw revenue in its investment banking arm plummet by 15 per cent.
However, plans to slash its bonus put could potentially be changed if the bank’s fourth quarter results, due to be published next month, significantly improve. The bonus figures will be finalised and revealed in March.
Deutsche Bank’s share price slumped by more than 50 per cent in 2018, during which it was hauled into the Danske Bank money-laundering scandal. The bank admitted to processing payments for Danske Bank but claimed it terminated the relationship in 2015 after it identified “suspicious activity”.
Shortly after the arrival of the bank’s chief executive Christian Sewing, it announced plans to slash more than 7,000 jobs as part of a major restructuring plan, primarily in its struggling investment banking division.
Deutsche expanded its cost-cutting plan in November, revising its own target of bringing down expenses to €21bn by 2021.
Latest News
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories