Deutsche Bank said to be close to bonus deal

Deutsche Bank - External

Deal or no deal ?

Bloomberg News reports that Deutsche Bank is close to unveiling an agreement on bonus forfeitures with former executive board members after overcoming opposition by some of them, people briefed on the discussions with some of the ex-managers said.

The bank’s supervisory board will meet on Thursday to approve the agreement, according to the people, who asked not to be identified discussing private negotiations.

Terms for the eleven former board members may vary, according to the people. The agreement would draw a line under two years of negotiations between Deutsche Bank’s supervisory board under Chairman Paul Achleitner and the former board members. The bank has been seeking to persuade the former executives to help pay for billions of dollars in fines the lender had to pay because of past misconduct.

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