Bonus row: Deutsche Bank bankers cash in despite loses


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The Independent Online

Deutsche Bank’s top bankers saw their total pay rise by nearly 40 per cent despite a brutal fourth-quarter profit warning.

Deutsche revealed today that it had paid its 10-member management board €40 million (£32 million) in 2013, up from  €28 million the previous year.

The bumper awards included  €9 million to co-chief executive Anshu Jain, a rise of nearly 50 per cent. The awards came despite a final quarter in which the bank lost  €1.2 billion as legal and restructuring costs, as well as poor trading, wrecked its numbers.

Another €400 million of hits was taken in February.