No bonuses for top Deutsche execs as it posts record 2015 loss

London

DEUTSCHE Bank, confirming that it would post a record loss for 2015, said that members of its management board would not receive bonuses for the year and that shareholders should not expect a dividend until 2017 at the earliest.

The giant German bank reported a loss of 6.8 billion euros (S$10.6 billion) in 2015, as it set aside money to cover lawsuits and official investigations. It also suffered a decline in revenue in its investment banking unit.