Deutsche Bank’s unlikely comeback continues as the lender delivers an earnings beat and signals a boost to bonuses
Deutsche Bank AG is planning bonus increases for top-performing investment bankers after posting a 47% rise in debt trading revenue and boosting its full-year forecast for the securities unit.
“A company like ours needs to be able to pay for competitive performance,” Chief Financial Officer James Von Moltke said in a Bloomberg Television interview on Wednesday. “It is sensible to be able to protect the franchise by being able to compensate our employees in line with our performance.”
Deutsche Bank and rivals are seeking to navigate a particularly difficult course through end-of-year pay discussions. The lender needs to ensure top staff remain motivated almost half way through a historic restructuring and during a trading boom, while avoiding the ire of regulators over bonuses after a year in which lenders benefited from unprecedented regulatory breaks.
The bank may keep the overall bonus pool little changed from last year’s €1.9 billion ($2.2 … Read More