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Deutsche to force staff to defer bonuses

Deutsche Bank has introduced a sliding scale that limits the amount of bonus paid out to top staff, Bloomberg News reported, citing unnamed sources.

Under the rule, bankers will be forced to defer at least 25% of their 2009 bonus that is over €100,000, Bloomberg said, citing an unnamed source.

The marginal deferral rate will increase to up to 90% as the bonus passes a series of thresholds.

Deutsche Bank could not immediately be reached for comment.

European banks, currently in the process of advising staff of their payouts, are under intense scrutiny on bonuses. Politicians, backed by an angry public, have vowed to clamp down on bumper payouts so soon after many banks were bailed out with taxpayer cash. (Reuters)