Financial News has been scrutinising how banks have been rewarding their employees in the wake of increasing public pressure on the sector, as banks report their full-year results. Deutsche Bank today reported a one-third increase in the last year for the staff compensation and benefits bill in its corporate and investment banking division.
Deutsche Bank said it was paying out just over €5bn ($6.9bn) in compensation and other benefits to the more than 14,000 staff working in its corporate investment bank, equalling an average payment to employees of €356,846, versus an average payout in 2008 of €258,757.