Bonus Watch '11: Which Bank Pays Employees The Most On Wall Street?

Hint: think more lederhosen, less ritual sacrifice.

German group Deutsche Bank paid its investment bankers over $500,000 each on average last year, topping Goldman Sachs as the highest payer on Wall Street. Pay and benefits for all Deutsche's 15,943 staff in its corporate and investment bank arm was 5.9 billion euros ($8.2 billion) last year, or an average of 373,000 euros, according to 2010 results announced on Thursday. Average pay was up from 357,000 euros in 2009, after investment bank revenues rose 11 percent to 20.9 billion euros...Even stripping out severance payments, pay for Deutsche's investment bankers averaged 355,000 euros last year.

Highest Banker Pay [Reuters]