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Bonus Watch '15: Deutsche Bank Hoping It's Just A Rumor People Come To Wall Street To Make Money

Fingers crossed.
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An artist's rendering of this year's bonuses.

Yesterday, we learned that Deutsche Bank would be delaying bonus announcements until March of next year, possibly in order to get in a big round of layoffs before making payouts. Now, we've heard that said bonuses are going to range from bad to really bad to non-existent. But that's cool, right? People are here for the love of the game first and the money second or not at all, yes?

Deutsche Bank AG may cut the bonus pool for its investment bank by as much as 500 million euros ($566 million), or almost a third, as co-Chief Executive Officer John Cryan seeks to slash costs in the securities unit, according to people with knowledge of the matter. No decision has been taken and the biggest reductions are likely to impact employees in the fixed-income business, said one of the people, who asked not to be named as the information isn’t public. Some managing directors may have their entire bonus scrapped, according to the person.

Deutsche Bank May Slash Bonuses by Almost One-Third [Bloomberg]

Earlier: Bonus Watch ’15: Deutsche Bank Will Update You On The Situation 5 Months Hence


Bonus Watch '16: The 10 Most Senior People At Deutsche Bank Will Share A Bonus Pool Of Zilch/Zip/Nada

As for the rest of the staff? Expect something just a smidge above zilch/zip/nada.

Bonus Watch '15: Deutsche Bank Will Update You On The Situation 5 Months Hence

The bank is said to be taking its time on bonus announcements this (/next) year.

Bonus Watch '15: Wall Street Basically Living Paycheck To Paycheck Now

In an unimaginable nightmare from which no one can wake, bonuses grew a mere 2% last year.

Bonus Watch '15: JP Morgan To Make Other Banks Look Like Cheapskates

Good for JP Morgan employees, less good for JP Morgan peers, who are gonna be hearing a lot of "Why can't you be more like JP Morgan?"