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Added on the 19/05/2016 17:26:27 - Copyright : Reuters EN
Deutsche Bank shares rose more than 3 percent as investors welcomed Chief Executive John Cryan's plan to restructure the German bank, cull managers and put past scandals behind it. Ivor Bennett reports.
The recent storming of the US Capitol seems to be hitting President Donald Trump not only politically, but financially as well. CNN reports a growing number of businesses suddenly want very little to do with Trump after he incited a mob of his supporters to attack the Capitol. Twitter and Facebook banned Trump indefinitely, and Stripe is no longer processing credit card payments for his campaign. Shopify stopped operating online stores for the Trump Organization and the campaign and the PGA is pulling a major golf tournament from a Trump resort. It's also unclear which, if any, banks will want to loan money to the Trump Organization.
On Tuesday Deutsche Bank said working from home should be taxed to help support people on low incomes who cannot do their jobs remotely People choosing to work from home despite their company providing a permanent desk should pay the tax. According to Business Insider, that would be 5% of their salary. The report argued that if companies do not offer permanent desks, they should pay instead, the report argued. Deutsche said the tax could raise $49 billion per year in the US, $23.6 billion in Germany, and $9.3 billion in the UK.
Guangzhou, Apr 24 (EFE / EPA) .- Investors who bought the Bank of China's oil features products organized over social media and gathered to protest on Friday in front of the bank's main building in Guangzhou.About 30 investors showed up in the protest and later entered the building for a meeting while the bank's security officials pushed journalists away from the adjacent street.They said in a joint statement that the BOC had violated rules by closing trading at historic negative prices and claimed that oil-related financial products were actually illegal.(Camera:ALEX PLAVEVSKI).FOOTAGE B-ROLLS OF THE OUTSIDE OF THE BANK OF CHINA BUILDING IN GUANGZHOU AND POLICE DEPLOYMENT IN THE AREA.
Deutsche Bank chief John Cryan has pledged to redouble restructuring efforts, warning that the bank faces tough times as it seeks to finalise talks with U.S. justice authorities over a multi billion dollar fine. Sonia Legg reports.
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