Advertisement
UK markets closed

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • CRUDE OIL

    82.58
    -0.23 (-0.28%)
     

  • GOLD FUTURES

    2,342.30
    +3.90 (+0.17%)
     

  • DOW

    38,006.67
    -454.25 (-1.18%)
     

  • Bitcoin GBP

    51,455.20
    -306.27 (-0.59%)
     

  • CMC Crypto 200

    1,387.34
    +4.77 (+0.34%)
     

  • NASDAQ Composite

    15,550.09
    -162.66 (-1.04%)
     

  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Deutsche Bank mulls waiving 2020 management bonuses due to coronavirus: source

Reuters
Updated ·1-min read
FILE PHOTO: People walk past a Deutsche Bank office in London

FRANKFURT (Reuters) - Deutsche Bank <DBKGn.DE> is discussing whether it will waive bonuses for its management board in 2020 due to the fallout from the coronavirus crisis, a person with knowledge of the matter said on Wednesday.

The discussion comes after the European Banking Authority on Tuesday said banks should be "conservative" in how they award bonuses to preserve capital and keep lending to an economy hit by the coronavirus outbreak.

A decision hasn't been made yet but the bank is likely to result in waiving bonuses for top board members, the person said.

Handelsblatt first reported that Deutsche Bank was considering the measure.

(Reporting by Patricia Uhlig; Writing by Tom Sims; Editing by Madeline Chambers)