Deutsche Bank cuts board bonuses due to chaos at Postbank. Thousands of customers had to struggle with technical problems, and in some cases the errors also caused financial damage.
By the end of the first quarter of 2024 the costs will amount to around 80 million euros additional. The background to these cuts is the digital migration of bank customer data. In total, it involved the data of twelve million customers, which were to be moved to a common platform in several waves with seven million Deutsche Bank customers.