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Deutsche Bank cuts bonus pool by 80% on legal costs

Tuesday, February 28, 2017 - 05:50

Frankfurt

DEUTSCHE Bank AG cut its 2016 bonus pool by almost 80 per cent, a figure unmatched in the bank's recent history, as it tries to recover from legal expenses that wiped out profit and eroded capital levels.

The lender is reducing payouts with an eye towards shareholders and

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