Was Deutsche Bank's 11 Percent Bonus Pool Cut a Surprise?

The transcript discusses the unexpected smaller reduction in the bonus pool of an investment bank, emphasizing the need to retain talented staff despite an 11% cut. It highlights the performance of various business lines, with some areas like equity trading faring better. The forecast for the year presents challenges, particularly for John Kramer, due to high costs and an unsupportive revenue environment. Concerns about the loan book quality and exposure to oil and gas are also addressed, with current figures aligning with other banks.

What insights were gained from the first full year forecast?

What concerns were raised regarding the exposure to oil and gas?