Germany’s second-largest bank, Commerzbank AG, will cut all pay bonuses by 17 percent, with investment bankers taking a 20 percent reduction, thanks to a slump in the bank’s net profit and planned job cuts. Chief Executive Martin Blessing will forego his entire bonus for 2012, as the bank struggles to bolster its profitability by 2016. The bonus cuts also come amid growing political pressure for the bank to show a fairer sharing of the burden between management and staff as it works to maximize profits.
During a BNY Mellon | Pershing webcast, he and Dynasty’s Shirl Penney also stressed the importance of SEO.
New research from EBRI and JPMorgan Asset Management compares behavior among workers with similar salaries.
Clients with a financial plan are seven times happier than those without, which suggests the added benefit planning can provide.
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