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Deutsche Bank bosses to forego bonuses for 2017 after third annual loss

The bank will detail executive compensation when it publishes its annual report next Friday

Reuters  |  Frankfurt 

Top managers at Deutsche Bank will forego their annual bonuses, CEO John Cryan said, after coming under fire for awarding big incentive payouts even though Germany's largest bank lost money last year. Cryan was quoted by the Zeit weekly as saying the 12-member executive board would not get bonuses for 2017, but variable compensation would be paid to other staff as planned. At a Zeit event at the South by Southwest tech conference in the United States, Cryan said the bonus pool would be "significantly higher" than the 546 million euros ($672 million) paid in 2016 but ...

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First Published: Sat, March 10 2018. 15:51 IST