Deutsche Bank, Germany’s largest, has been hit by the global credit crunch so badly that it has issued a memorandum to senior executives telling them that brothel visits and adult channels in hotel rooms cannot be claimed on expenses. The memo also warns that the bank’s credit cards must not be used for such purposes.
This news makes Boggart Blog look a tad less perspicacious than usual. Only last week we were reminding readers of Tony Soprano saying the only businesses unaffected by recession were crime, gambling and prostitution. With businesses no longer preapared to pay for commercial sex on executives’ eccies, that field of enterprise will soon be feeling the pinch. How long before crime and gambling suffer?
