Briefs: CBA pay freeze, CIMB staffing-up in Australia and more

18 July 2012 6:56am

Commonwealth Bank has frozen the pay of its chief executive, Ian Narev, and other senior executives, according to a report in the Australian Financial Review. The bank is seeking to avoid job cuts by reining-in senior staff salaries. About 400 to 500 staff will be affected.
Malaysian investment bank CIMB Group has hired a number of traders and analysts in preparation for a move into the Australian market. A

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