john cryan says managers need to slow the bonus process.ources say deutsche bank may shrink the bonus pool for its investment bank by a third. the head of one investment pool says he has effectively canceled christmas. for more on these stories and others, go to bloomberg.com. brussels will be on its highest alert for another week as authorities maintain their warning that islamic state terrorists plan to attack highly-populated areas. services in the city will begin reopening tomorrow. >> it has been decided that schools should be reopened on wednesday and that security measures around schools will be put into place. the metro will also be reopened on wednesday. it is possibility -- it is possible that the metro will be reopened in stages. but we will reopen metro as much as possible. that is our aim. leaders areational scrambling to position themselves in the fight against islamic state as president hollande heads to the white house. guy: we are joined by hans nichols, elliott gotkine, and brussels bureau chief. brussels is at the center

deutsche bank's john cryan things that appeared he says "i think bigger in banking are paid too much.ople in the sector believe they should be paid entrepreneurial wages for turning up to work." christmas is supposed to be a happy time for bankers. it is bonus season. here we have michael moore and guy moszkowski. how much pressure is there on compensation? it varies from firm to firm. broadly speaking, a lot of pressure. had not been as good a year, especially in extend come. fixed income uses a lot of capital. it also consumes a lot of personnel costs. if revenue is not there, the compensation pressure is there as well. deutsche is in a tough spot, as are some of the other european banks. credit squeeze as well. both have new ceos and are asking whether they really need to have as big a footprint. erik: given that european banks are so much further behind in rebuilding capital and raising it to higher levels, does it go without saying times will be tougher for employers of european banks than four people on wall street? guy: that is certainly a big part of it. fixed income is the fo

. >> john cryan is not wrong.rs are probably paid too much relative to the earnings power of these firms. when more power is required, as the trend. is big expense item compensation and bonuses and the best way to think kris --fitability and return to the best way to increase profitability and return to shareholders is inevitable. and i have talked about this for a long time, attracting shareholders. bitnetat least my bonus -- not get caught. what does that say? >> the fact remains you can make more money on wall street for taking there are risk than anywhere on earth. , then you your goal will do it. whether you're bonuses $2 million, and is ill more than you can get doing anything else where you are not risking your own capital. you will be able to attract the best. what this shows is wall street both the french a between the m&a banks who had a great year. they will get paid more. what is likely to happen after we get through bonus isson? >> bonus season employees will start to hear about bonuses. typically wil

deutsche bank code chief executive officer john cryan said bankers still learn too much money, and aren promised rewards to quickly. speaking at a conference, he said the bank needs to recalibrate the way it pays staff to reflect the time they generate value. the us is that managers that slow down the bonus process so employees are rewarded before their work comes to full fruition. alix: the indian prime minister is pushing to strengthen investment ties between singapore and india. he says reforms have been made on his watch as the two countries elevated their relations to a strategic partnership. i.e. global insight chief asia economist spoke on bloomberg from singapore. >> increasingly, singapore is becoming the natural international financial center for india, in a way that hong kong played that role for mainland china historically. i think that's the direction we're heading as india becomes more and more important. as a key global emerging market. i think that will be one of the biggest ranks in the future. nestlÉ uncovered abuse and forced labor by seafood suppliers in thailand. m