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Deutsche Bank lines up £200m for bank bonus tax

Kevin Reed, Accountancy Age, 05 Feb 2010

Banking bonus effect revealed by Deutsche Bank

Deutsche Bank lines up £200m for bank bonus tax

The UK's banking bonus tax will hit Deutsche Bank to the tune of €225m (£196m).

The bank is believed to be the first to quantify its hit taken from the introduction of the banking bonus tax.

It reported €5bn of net income for 2009 compared to a €3.9bn loss a year earlier.

Further reading:

Deutsche Bank to share bonus tax pain globally

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