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. While the average increase will be 10%, some investment bankers will get smaller payouts in the mid-to-high single digits,

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.

Wall Street's biggest banks are set to reward traders and dealmakers with their biggest bonus increase since the pandemic, reflecting a rebound in capital markets and M&A.