Commerz delays bonuses as EBA capital deadline looms

25 Jan 2012

Commerzbank has decided to postpone this year’s round of bonuses until July, and will deliver these payments mostly in shares, well placed bankers told EuroWeek on Wednesday.

With most banks due to announce bonus payments in the coming weeks, Commerz’s payments will arrive significantly behind those of its competitors. Market participants said the decision was most likely part of Commerz’s efforts to reach the European Banking Authority’s 9% core capital requirement, the deadline for which ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial