Deutsche Bank Plans Higher Bonus for Top Investment Bankers
- CFO Von Moltke says lender needs to pay for performance
- Banks grappling with how to reward staff during pandemic
WATCH: Deutsche Bank CFO James von Moltke’s discusses bonusues. Watch his comments at 8m26s.
Source: BloombergThis article is for subscribers only.
Deutsche Bank AG is planning bonus increases for top-performing investment bankers after posting a 47% rise in debt trading revenue and boosting its full-year forecast for the securities unit.
“A company like ours needs to be able to pay for competitive performance,” Chief Financial Officer James Von Moltke said in a Bloomberg Television interview on Wednesday. “It is sensible to be able to protect the franchise by being able to compensate our employees in line with our performance.”