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TRENDING TAGS
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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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Deutsche Bank Plans New Bonus System for Senior Staff
Deutsche Bank is working on a new bonus system for its top executives, according to a report in German newspaper Handelsblatt. The new system will be proposed at the annual shareholders meeting, scheduled for 5/18/17. No further details were revealed, other than the statement that bonuses will be less complicated and more transparent.
Deutsche Bank earlier this month decided to cut bonuses drastically as it tries to turn a profit and faces a big bill for litigation. The DB management board also decided to waive its own bonuses for 2016.
Germany's biggest bank has finalised a $7.2 billion settlement with the U.S. authorities over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis. It has also agreed to pay $630 million in fines for organizing $10 billion in sham Russian trades.
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