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.

How much has Deutsche Bank spent on fines and legal settlements since 2008?

What cultural change do regulators want to see in the banking industry?