Deutsche Bank (NYSE:DB) is planning a roughly 10% increase in bonuses for its investment bankers, aligning their compensation with that of other major Wall Street firms, according to a media report dated Friday.

Deutsche Bank AG has changed the way it judges staff this bonus season, with a greater range of performance ratings and more weight given to non-financial aspects such as teamwork.

Bank of America's bonus pool for investment bankers will probably rise 10% for last year, a source familiar with the matter told Reuters.

Bank of Americas bonus pool for investment bankers is expected to rise by 10% for 2024, according to a source familiar with the matter. However, payouts will vary, with some receiving increases in the mid-to-high

Deutsche Bank AG is planning to raise investment bank bonuses by about 10%, an increase that would put it in line with its Wall Street peers.