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2013-02-15 — huffingtonpost.com
- The head of Germany's Commerzbank says he's not asking for a bonus after a year of meager profits and no dividend for shareholders.
The bank is cutting costs and plans to drop 4,000 to 6,000 jobs through 2016. CEO Martin Blessing also gave a downbeat outlook for 2013, saying it would be a year of restructuring that would cost "effort, money and time."
He said Friday that revenues, measured before provisioning for loan losses, "will remain under pressure" for this year.
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