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Deutsche Bank cuts bonus pool for last year by 11%

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CHALLENGING TIMES: Mr Cryan is working to boost capital levels and profitability to reverse a slump that has made Deutsche Bank the worst-valued major global lender.

Frankfurt

DEUTSCHE Bank AG, which runs Europe's biggest investment bank, cut its bonus pool by 11 per cent after rising legal expenses hurt earnings last year and said volatility in financial markets means the first quarter may be challenging.

The company will pay 2.41 billion

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