The cap, which will apply across the company, may be relayed to employees next week, said the people, asking not to be identified because the plans are private. Senior staff, or what the bank calls 'regulated' employees, will receive as much as $207,400 in cash, with the balance available in shares in August, the people said.
Banks are under pressure to rein in compensation and tie it more closely to performance after large cash payouts were blamed for encouraging the type of risk-taking that led to the 2008 collapse of Lehman Brothers Holdings and the subsequent financial crisis. Deutsche Bank will pay $4.4bn in bonuses for 2012, down 11% from a year earlier, Chief of Compliance Stephan Leithner said Friday.
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