Deutsche IB revenues fall as pay cuts bite

By Joseph McDevitt
31 Jan 2014

Deutsche Bank cut pay and compensation at its investment bank by 23% in the fourth quarter, with senior management satisfied with progress made at the halfway point in the firm's broader streamlining plan, dubbed Strategy 2015+.

Deutsche Bank slashed salaries and bonuses at the investment bank to €1bn from €1.3bn in the same period in 2012. It was not a surprise that it was trying to rein in compensation, according to one hiring managing director at another bank. “In the past if we’ve ever ...

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