Deutsche Bank AG and Barclays PLC will cut salaries for its investment bankers by as much as 20% in the coming weeks in order to reign in spending. The move is part of a general trend that has seen the financial industry cut costs in order to increase profits on falling revenue.
The news comes from a Reuters report filed earlier today, the report cites sources familiar with the matter. According to those sources, Barclays is currently finalizing compensation and bonus packages for the 2012...
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