The litany of layoffs among the largest banks continues. And it’s ugly. After announcements and rumors from Wall Street, the first European banks have come out to air their dirty laundry. And now, per the Financial Times, Royal Bank of Scotland (RBS) is adding 2,000 layoffs to the list. 63,000 by eight European banks so far. Something big is afoot.
Europe – Germany
Deutsche Bank Drives nails into Italian Coffin, Italy accuses Germans of egoisms, Germans React. It’s Ugly.
by Wolf Richter • • Comments Off on Deutsche Bank Drives nails into Italian Coffin, Italy accuses Germans of egoisms, Germans React. It’s Ugly.
Why the decline in German beer consumption?
by Wolf Richter • • Comments Off on Why the decline in German beer consumption?
PROST! Germany lost the beer war, And China won.
by Wolf Richter • • Comments Off on PROST! Germany lost the beer war, And China won.
Germany, country of the Reinheitsgebot (Beer Purity Law), and cradle of beer as we know it, where, at the age of fifteen, I regularly drank a few Helle too many at any pub I wanted to, well, that very country not only has failed to export its beer, but now, Germans have stopped drinking it themselves, apparently.