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Deutsche Bank to cut bonus pool by about 10 percent for 2018: Bloomberg

Published 01/08/2019, 11:02 AM
Updated 01/08/2019, 11:05 AM
© Reuters. FILE PHOTO: The headquarters of the Deutsche Bank is pictured in Frankfurt
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FRANKFURT (Reuters) - Deutsche Bank's (DE:DBKGn) management board has decided to cut the lender's 2018 bonus pool by around 10 percent in an effort to cut costs while retaining talent, Bloomberg reported on Tuesday.

Bloomberg, citing unnamed people familiar with the matter, also reported that bonuses would be paid more selectively.

© Reuters. FILE PHOTO: The headquarters of the Deutsche Bank is pictured in Frankfurt

A spokesman for Deutsche Bank declined to comment.

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