Cryan’s compensation call shows tough tenor of the times

cryan john
By David Rothnie
26 Jan 2017

Deutsche Bank’s tough stance on compensation echoes earlier moves by rivals, but it doesn’t solve the talent crisis at big banks, writes David Rothnie.

There used be a joke inside Deutsche Bank during its high roller years under Josef Ackerman that the firm was the only financial institution to be run along Marxist lines — it was an example of the exploitation of capital by labour.

The gag has worn thin in ...

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