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Barclays & A Little Taxing Problem

The UK Treasury Select Committee asked Barclays to provide details of how much UK corporation tax it paid in 2009 (this was before the bank's 2010 figures were available), a year when the company made an $18.8bn pre-tax profit.

More Compensation News

The Wall Street Journal reports that Citigroup has set-up a new 'profit-sharing platform' for senior executives, which could result in four top bosses, including CFO John Gerspach and COO John Havens, bagging $11.9m.

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Deutsche Bank - External

Report - Deutsche Bank plans slimmer universal bank

Deutsche Bank is focusing on plans for a slimmed-down universal bank as part of the management's strategic review where the group remains internationally engaged in most of its current activities but pulls out of unprofitable regions and business lines, newspaper Handelsblatt reported on Monday.