Deutsche Bank Scraps Most Senior Banker Bonuses

The transcript discusses Deutsche Bank's decision to withhold individual bonuses for senior employees, its financial challenges, and strategic adjustments. It explores the implications for competitors like Goldman Sachs and industry trends such as headcount changes and digital strategies. The focus is on cost management, technology's impact on banking, and Deutsche Bank's future plans to retain key staff through long-term incentives.

What was Deutsche Bank's strategy to manage costs for senior management?

• Hire more employees

• Shift towards deferred compensation

• Reduce working hours

• Increase cash bonuses

How did Goldman Sachs' headcount change in the fourth quarter?

• Increased by 1%

• Decreased by 1%

• Increased by 7%

• Remained the same

What trend is influencing staffing decisions at Bank of America?

• Increased branch openings

• Focus on digital strategy

• Higher cash bonuses

• More physical meetings

What is Deutsche Bank's plan for compensation programs in 2017?

• Eliminate bonuses entirely

• Return to normal compensation programs

• Focus solely on short-term incentives

• Increase bonuses for all employees

What was John Cryan's focus to improve morale at Deutsche Bank?

• Increase employee salaries

• Deliver on promises and strategic changes

• Reduce working hours

• Hire new management