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

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.....

This article is no longer available in our repository.

There could be multiple reasons for this.