Deutsche Bank AG Reduce The Employee Bonus

Deutsche Bank AG will limit the payment of employee bonuses this year amounted to € 300,000. Bloomberg Three sources who know the issue, said the announcement about the bonus payment limitation will be delivered next week and is valid for the entire company.

Largest bank by assets in Europe will be paid a bonus of € 150,000 in cash. Bonus payments will be made in August in the form of shares of stock. In the previous year, according to Stephan Leithner, Head of Compliance Deutsche Bank, the company was paid a bonus of € 3.2 million. The number of bonus in 2012, down 11% compared to the previous year.

Trimming bonus made ​​after the company was under pressure to rein in pay and bonuses. Especially in the fourth quarter of 2012, Deutsche Bank also recorded a loss of € 2.17 billion that had to lay off about 1,400 workers.