Saturday, 2 November 2013

Economy News Headlines - Yahoo! News: Commerzbank CEO says independence no end in itself

Economy News Headlines - Yahoo! News
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Commerzbank CEO says independence no end in itself
Nov 3rd 2013, 01:03

Commerzbank Chief Executive Blessing delivers a speech during the bank's annual shareholder's meeting in FrankfurtBERLIN (Reuters) - The chief executive of Commerzbank said Germany's second largest lender should not remain independent at all costs, a German newspaper reported. "To me, autonomy is no end in itself," Martin Blessing was quoted as saying by weekly Welt am Sonntag in an interview published on Sunday. "I want our employees to have the feeling that they can do something meaningful for the economy." That marks a shift in emphasis by the CEO, who told daily Handelsblatt in August that he expected the Frankfurt-based bank to be still independent when it celebrates its 150-year anniversary in 2020. ...


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