Photo: Daniel Goodman / Business Insider
This just in from Bloomberg TV, Deutsche Bank is capping immediate bonuses at $266,000.Yet again this shows that bankers better believe in their banks, because their jobs are increasingly becoming an investment.
Deutsche is also reducing employee pay overall by 15%, a move that falls directly in line with what everyone on the street is doing for compensation this year. Take Bank of America, for example, which is capping bonuses at $150,000 and making packages smaller overall by 30%.
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