Executive salaries frozen at SunTrust Banks

ATLANTA - SunTrust Banks is freezing the salaries of about 130 senior executives -- who also will not receive annual bonuses. <br> <br> The nation&#39;s tenth-largest commercial bank is citing a difficult operating environment for all banks. <br> <br> SunTrust also is eliminating a bonus program for about 11,000 non-management employees, including administrative staff. Those workers will receive a one-time boost in their base pay of three percent. <br> <br> Sales incentives won&#39;t be affected. A spokesman declined to say how much SunTrust hopes to save from the pay freezes. <br> <br> In April, SunTrust said slowing revenue would force it to reduce its workforce through a hiring freeze and attrition. <br> <br> Since 1999, SunTrust&#39;s workforce has been reduced from 31,000 employees to about 27,000.

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