DB - Deutsche Bank may raise fixed-income traders' bonuses by ~10%

Deutsche Bank ([[DB]] +0.3%) may raise bonuses for its fixed-income traders by roughly 10% but with previous job cuts and lower bonuses for other units, the total bonus pool is likely to come in slightly below last year's level, Bloomberg reports, citing people familiar with the matter.No final decision has been made, they said.The higher bonuses for fixed-income traders reflect the stellar year they had in 2020, performance that is helping Deutsche Bank CEO Christian Sewing keep his turnaround plan on track even with negative interest rates weighing on its other businesses.To be sure, the market volatility caused by the COVID-19 pandemic helped fuel trading volumes worldwide.While Sewing initially planned to trim back the trading business to focus more on corporate lending, he's now balancing the desire to retain top talent in the investment bank with regulators' call to exercise constraint in compensation.The ~10% bonus increase, on average, would put

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Deutsche Bank may raise fixed-income traders' bonuses by ~10%