Deutsche Bank's investment banking bonus pool for last year will fall by somewhat less than 10%, a person with knowledge of the matter said on Friday, providing more evidence of tougher times in finance.
FRANKFURT, Jan 20 - Deutsche Bank's
investment banking bonus pool for last year will fall by somewhat less than 10%, a person with knowledge of the matter said on Friday, providing more evidence of tougher times in finance. Bankers working on M&A origination and advisory will face around a 40% drop in their bonuses, reflecting a slump in deal-making across the broader industry, said the person.
Traders in Deutsche Bank's fixed income and currencies business, in contrast, will have bigger bonuses for the past year, as the area boomed due to volatile markets, the person also said.The decline in bonuses reflects an industry-wide trend, with other big investment banking names cutting back on payouts.
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