Germany: investment bankers at the Dresdner Kleinwort to press charges to get their bonus

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12 February 2009 à 12h43

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3 minutes

Publication: 12 February 2009 à 12h43

Reading time: 3 minutes

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Publication

12 February 2009 à 12h43

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3 minutes

Publication: 12 February 2009 à 12h43

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essed a around €1 billion in their unit in 2008 – the managers of the Dresdner Kleinwort investment bank – a subsidiary of Dresdner Bank, bought by the Commerzbank in January – demand bonuses amounting to 400 million euro, promised by Allianz, Dresdner Bank’s former owner. The Commerzbank, which received substantial State aid, is thinking about reducing these bonuses, to the great disappointment of investment bankers. (Ref. 090162)

For the moment, the Commerzbank hasn’t made a final...

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