Reuters - Top firm said will pay bigger bonuses in 2017

Pot Of Gold

First bonus news of 2017.

Reuters reports that Deutsche Bank, which is struggling to keep pace with Wall Street firms, will pay higher bonuses in 2017 after a sharp cut last year, one person with knowledge of the plan said.

The final bonus “pool” will largely depend on how Europe’s most prominent investment bank fares through the end of the year as well as what its competitors pay.

A resumption of big bonuses is not a sign of a turnaround at the once high-flying investment bank, but an effort to prevent defections.

Deutsche Bank will have to tread carefully on its payout levels because credit rating agencies are keeping close tabs on them and shareholders are frustrated by its slow turnaround.

Hit the link below to access the complete Reuters article:

Deutsche Bank sets course for higher bonuses - source

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