Deutsche Bank scraps bonuses, saying the board has to ‘own’ €6.8 billion loss

‘Deutsche Bank will not pay its board members a bonus for 2015, the lender announced on Thursday (28 January), after posting a €6.8bn (£5.2bn, $7.4bn) full-year loss. The biggest bank in Germany said it wanted to “own” the loss and take full responsibility for it.

New Deutsche Bank chief executive John Cryan said in a press conference that the supervisory board made the decision not to pay out bonuses to the board. “In the context of the overall performance of the bank last year, which the board has to own… That is a decision I respect,” he said.’

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