Josef Ackermann, chief executive of Deutsche Bank, has broken the banking industry's public silence about how it will deal with the UK's controversial supertax on bonuses, saying that he will spread the pain of any bonus cuts among staff in New York, Frankfurt and Hong Kong, as well as London.
“We will clearly globalise it,” Mr Ackermann told the Financial Times in an interview. His remarks risk angering staff outside London.
“If parts [of the cost of the tax] are paid out of the bonus pool we would seek to globalise it. It would be unfair to treat the UK bankers differently.”
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