Bonus row: Deutsche Bank bankers cash in despite loses
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.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies