Deutsche Bank boss says he will do without annual bonus

FRANKFURT: The head of Germany's biggest bank will forego his annual bonus of several million dollars to show solidarity with staff in this time of financial crisis, he told a Sunday newspaper.

"I told the Deutsche Bank supervisory board that I am renouncing my bonus in this difficult year in favour of hard-working staff that need the money more than I do," Josef Ackermann told the Bild am Sonntag in comments to appear in its next edition.

The Swiss national intended to express a "personal sign of solidarity" with the gesture, which would see him do without "a few million" euros in pay.