Deutsche Bank lines up £200m for bank bonus tax

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