Do Big Banks Take Pay Cuts? Deutsche Lowers Executives’ Bonuses ‘Almost 80%’ Amid Rampant Legal Issues
February 27, 2017
Following a year of costly legal pitfalls, Deutsche Bank’s (DB) chief administrative officer told the German newspaper Frankfurter Allgemeine Sonntagzeitung Sunday that the megabank would be reducing the bonuses of 25,000 staff—a quarter of its workforce and strictly executives—by “almost 80 percent.”