And some staff will even get pay rises.
CEO John Cryan, in an interview with the Boersen-Zeitung newspaper published on Saturday, also welcomed plans by Britain to spare European banks costly capital rules after Brexit. But staff were still analysing any potential costs of U.S. tax reform, he said.
“We always said that we would return to our normal system of variable compensation in 2017,” Cryan told the newspaper. “And we will also raise salaries in some areas,” he said, without providing more detail.
The still fragile state of Germany’s biggest bank was underlined when it reported a drop of almost 25 percent in third quarter investment bank revenue and a drop of more than a third in its bond trading division.
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