Daily Archives: September 2, 2007

Deutsche Bank shuts proprietary credit trading desk in London

Hard on the heels of the news that Barclays bank has taken 2 emergency central bank loans exceeding £1.6bn, Deutsche Bank has shut down its proprietary credit trading desk in London and is laying off some of the 14-strong team, … Continue reading

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EU goes after Vatican tax

The Italian government is being asked by the European Commission (EC) to explain tax breaks which the Vatican enjoys on income from property. The EC has received complaints that the concessions amount to illegal state aid, despite the deal stemming … Continue reading

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DWP to 'deskill' staff

In a growing trend to de-skill civil servants and turn staff into box ticking robots and run government departments by process, the DWP has appointed Capgemini to apply “lean” business tools to its processes, as part of an ongoing change … Continue reading

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