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Deutsche Bank’s 2017 Bonuses Near $3 Billion Despite Share Price Slump

March 16, 2018

Via: TheStreet

Deutsche Bank (DB) said Friday it awarded nearly $3 billion in employee bonuses last year, despite a 23% fall in the lender’s stock price and the third consecutive net loss, risking the ire of investors who have been waiting for CEO John Cryan’s turnaround plans to bear fruit.

The 2017 bonus payout of €2.3 billion ($2.83 billion) tops the €546 billion payout from the previous year and comes after a $9 billion capital injection last March and consistent speculation that Cryan’s tenure at the helm of Germany’s biggest bank could be under threat from unhappy investors.

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