The best story
of the week is the leaked email from Der Spiegel of Deutsche Bank's instructions to employees to give up their sex and drugs and rock 'n' roll.
As the credit crunch hits, no more market excesses are allowed, with Deutsche's staff to shave and shower at airports (instead of booking into hotels), travel by second class train (instead of gold plated limousines) and stop billing lap dancers as restaurant meals (and eat proper meals instead).
Ah well ... at least the crisis has crunched their credits a little bit :)
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
