A former Deutsche Bank trader has failed in her lawsuit against the bank in connection with bonus payments.

A London court rejected her claim on Thursday. Judge Catherine Howells said that she did not accept that Shikha Gupta had been given promises about receiving an individual bonus. She also said the bank had the right to decide that this was unaffordable.

Until 2017, the plaintiff worked for a non-core division of Deutsche Bank that was set up after the 2008 financial crisis to streamline business processes. Her lawyers told the High Court in London in June that she had been promised a substantial individual bonus. However, she had only received 21,250 pounds, as had her colleagues, as part of a team bonus for 2016. Deutsche Bank countered that no formal promise had been made to Gupta. The bank also said it simply could not afford to pay a bonus after making almost 9,000 staff redundant - almost ten percent of its global workforce.

A spokesman for Deutsche Bank welcomed the court's decision. Gupta's lawyers did not initially respond to a request for comment.

(Report by Sam Tobin, written by Philipp Krach, edited by Birgit Mittwollen. If you have any queries, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and the economy) or frankfurt.newsroom@thomsonreuters.com (for business and markets).)