Deutsche Bank CEO says normal bonuses to be paid for 2017

And some staff will even get pay rises.

Reuters reports that Deutsche Bank will resume the payment of normal bonuses for 2017, the bank’s chief told a German newspaper, and some employees will get raises.

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.

Hit the link below to access the complete Reuters article:

Deutsche Bank to resume normal bonuses, some to get raises - CEO

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