January 29, 2020 / 4:04 PM / a month ago

Deutsche Bank to halve 2019 bonuses for board members

FRANKFURT, Jan 29 (Reuters) - Deutsche Bank’s management board has decided to halve 2019 bonuses for individual board members, the lender said on Wednesday.

Detlef Polaschek, deputy chair of the bank’s supervisory board, said in a statement that the board had made the decision to waive individual performance-related remuneration to contribute to the bank’s turnaround.

Handelsblatt first reported the bonus reduction. (Reporting by Tom Sims Editing by Riham Alkousaa)

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