Deutsche Bank Faces Bonus Warnings and Merger Talks
TL;DR
Deutsche Bank's CFO hinted that bonuses for 2023 might not be strong due to a difficult year and poor performance in areas such as M&A and fixed income trading. The bank's fourth quarter results are not due until February 1st, but it has already seen departures of rates traders, potentially impacting revenues. With inflation traders in high demand, Deutsche Bank may face challenges in retaining talent and maintaining its bonus pool, especially after previous cuts and heavy spending on hiring senior investment bankers.
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