Dorothee Blessing, who rose to become co-head of investment banking for Germany and Austria at Goldman Sachs Group Inc. in a career spanning two decades, is leaving the U.S. investment bank and securities firm.
Lawmakers in euro-area nations should endorse a planned increase in the region’s rescue fund as they work toward greater fiscal integration, Commerzbank AG Chief Executive Officer Martin Blessing said.
Commerzbank AG Chief Executive Officer Martin Blessing gave up his bonus for last year and cut the payouts by an average 17 percent across the firm, warning of higher costs and more pressure on revenue.
Commerzbank AG, Germany’s second- biggest bank, will wait for the results of a stress test by the European Central Bank before providing guidance on any dividend payout, Chief Executive Officer Martin Blessing said.
Bank of America Corp. is impeding an investigation of its loan modification practices by negotiating settlements with borrowers who must agree to keep them secret and not criticize the bank in exchange for cash payments and loan relief, Arizona officials say.