Deutsche Bank paid ‘risk takers’ $3 billion bonus

Bloomberg:


Deutsche Bank AG, Germany’s biggest bank, paid 2.2 billion euros ($3 billion) in bonuses last year to employees who conduct “high-risk” business.

The lender’s “risk-taker population,” or “employees who can create high-risk positions,” received 921 million euros in cash bonuses, 961 million euros in deferred equity awards and 317 million euros in restricted incentive awards, according to the company’s compensation report published today. The bank, which declined to identify how many employees are defined as risk takers, gave the group 367 million euros in fixed pay.