Deutsche Bank to share bonus tax pain globally

Deutsche Bank is planning to smooth out the effects of the government's sting on UK banking bonuses among its staff across the globe, claiming it would be unfair to single out UK employees.

The banking industry has been up in arms about the clampdown which was announced in the pre-Budget report earlier this month.

Deutsche's CEO Josef Ackermann told the FT: "If parts are paid out of the bonus pool we would seek to globalize it.

“It would be unfair to treat UK bankers differently.”

Further reading:

PBR 09: Bankers hit with one-off 50% bonus levy