Banking bonus effect revealed by Deutsche Bank
All of investment banking giant staff will shoulder the burden of UK tax on bonuses
The games have begun as Creme Egg-to-Milk Tray confectioner Cadbury said that US rival Kraft’s £10.2bn takeover offer “fundamentally undervalues” the group and rejected the initial bid.
As employers and workers agree wage cuts and reduced working hours to avoid redundancy, it is falling incomes not rising unemployment that poses the greatest threat to recovery.
Real economic activity plummeted at a frightening pace in the aftermath of Lehman Brothers’ demise, halting the recent easing in financial tensions. A new financial crisis is not inevitable, but the risk is escalating.
Fair value reclassification eases Deutsche Bank's profit & Loss figures
