The management board received total pay, including bonuses, of 55.7 million euros ($63.39 million) in 2018, up from 29.8 million euros a year earlier, Deutsche Bank's annual report said.
Deutsche Bank's management board members were handed their first bonuses in four years, according to the bank's annual report published on Friday.
The bank's bonus pool for 2018 was 1.9 billion euros, down 14 percent from 2.3 billion euros a year earlier. The decline is partly due to a reduction in headcount, the bank said. Litigation costs are also expected to be"significantly higher" in 2019 than in 2018, the bank also said in the report. Deutsche Bank is talking to rival Commerzbank about a proposed merger, which unions have said could result in big job cuts.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Europe's central bank just flashed a warning for any potential Deutsche Bank-Commerzbank merger'I do not particularly like the idea of national champions, of European champions,' the eurozone's top financial supervisor told the Financial Times.
Read more »
Breakingviews - Cox: Really, no one else will bid for Commerzbank?From rob1cox via Breakingviews: Really, no one else will bid for Commerzbank except Deutsche Bank?
Read more »
Deutsche Bank and Commerzbank go public on merger talksDeutsche Bank and Commerzbank on Sunday confirmed they were in talks to possibly merge, an indication that efforts to combine Germany's two largest lenders are gaining pace.
Read more »
Deutsche Bank and Commerzbank go public on merger talksDeutsche Bank and Commerzbank on Sunday confirmed they were in talks to possibly...
Read more »
Merging Deutsche Bank And Commerzbank Won't Solve Their ProblemsTwo weak banks don't add up to one strong bank, let alone the 'national champion' the German government seems to want.
Read more »
Deutsche Bank, Commerzbank shares surge after merger talks confirmedMedia reports have suggested that the German government, which owns 15 percent of Commerzbank, is backing the deal – even though it could cause a multi-billion euro financial hole.
Read more »
Deutsche Bank loaned more than $2 billion to Trump over two decades: NYTDeutsche Bank lent money to Donald Trump before he became the U.S. president despite multiple red flags, The New York Times reported.
Read more »
Deutsche Bank set to announce merger talks with Commerzbank: sourceDeutsche Bank was set on Sunday to confirm merger talks with fellow German lende...
Read more »
Deutsche Bank and Commerzbank Plan to Announce Formal Merger TalksDeutsche Bank and German rival Commerzbank plan to announce formal merger talks. The planned announcement signals that discussions between the two banks that already had started informally are entering a new phase.
Read more »
Opinion | Deutsche Bank, George Conway and the black hole of Trump’s corruptionOpinion: Deutsche Bank, George Conway and the black hole of Trump’s corruption
Read more »