Deutsche Bank Slashes Bonus Pool on Legal Costs

The video discusses Deutsche Bank's significant reduction in its 2016 bonus pool by 80%, following a 17% cut the previous year. It highlights the impact on compensation trends in global markets and investment banking. CEO John Cryan's cost-cutting measures, including job cuts and asset divestments, are examined. The video also covers future plans for resuming normal bonus services in 2017 and addresses the bank's legal challenges, with over $14.5 billion in fines since 2008. Regulatory expectations for a culture less reliant on bonuses are also discussed.

What was the percentage reduction in Deutsche Bank's bonus pool in 2016?

• 50%

• 44%

• 80%

• 17%

Who created the custom index to track compensation in global markets and investment banking?

• John Cryan

• Dan Curtis

• Bloomberg

• Georgia Bank

What is one of the strategies implemented by CEO John Cryan to address financial challenges?

• Expanding assets

• Hiring more staff

• Increasing bonuses

• Suspending dividends

What is the total amount of fines and legal settlements Deutsche Bank has faced since 2008?

• $14.5 billion

• $5 billion

• $10 billion

• $20 billion

What cultural change do regulators want to see in banks?

• Higher compensation for executives

• Less reliance on bonuses

• More reliance on bonuses

• Increased legal expenses