Made in Germany | An Investment Banker Blows the Whistle

Million-dollar commissions for investment bankers harmed the economy and laid the groundwork for the global financial crisis,according to Geraint Anderson. Anderson was an investment banker in London for 12 years,having worked for both Commerzbank as well as the Dresden-based Kleinwort before it was acquired by Commerzbank.For Anderson and his colleagues,bonuses worth more than their set salaries were the norm. The riskier the deal,the higher the commission. But with executive bonuses under fire,how will banks handle the issue as the economy recovers?