Deutsche Bank trader sues as colleagues bagged bigger bonuses

Gold Dollar

Bonus envy ?

Bonuses of as much as $96m paid out by Deutsche Bank to individual bankers just after the global financial crisis are at the centre of a lawsuit filed by a former trader.

Bloomberg News reports that Yves Paturel, who was fired amid probes into the rigging of Libor rates, said in London court documents that senior colleagues received generous bonuses for 2008 and 2009, while he had to make do with $4.6m.

His colleagues were rewarded with payouts that dwarfed his when accounting for the profit they generated for the company, he said.

'Those bonuses are a once in a lifetime scenario', said Jason Kennedy, chief executive officer of London-based recruitment firm Kennedy Group. 'It was a place and time that will never reoccur in our generation'

To access the complete Bloomberg News article hit the link below:

Deutsche Bank’s $96 Million Banker Bonus at Center of Lawsuit

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