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Orr is now expected to restart negotiations with creditors ahead of submitting his reorganisation plan to the bankruptcy court.
See article.Deutsche Bank presented its long-awaited reorganisation plan, which involves shrinking its investment bank, selling its Postbank retail subsidiary and trimming its debt load.
"We have pulled forward our reorganisation plan for our European operations, which has contributed to further trading disruption but which accelerates our overall plan".
Creditors argued that it was too soft on managers, pointing out that executives could take years to draw up a reorganisation plan while creditors could not put forward plans of their own.
The most likely scenario now looks to be a reorganisation plan before the summer, followed by the tax rise later but only after concessions on other reforms have been secured.
The Swiss bank earlier this year reached a settlement with American authorities over "secret" accounts.CIT, a lender to small businesses, filed for bankruptcy protection under a reorganisation plan that had been accepted by most of its bondholders.
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The council intends to build on the land as part of its schools reorganisation plans in Cardiff east.
The shadow health secretary, John Healey, said: "Short-term decisions are being taken across the health service, in part because of David Cameron's NHS reorganisation plans.
Today, Cardiff council said they would continue with their proposed school reorganisation plans for the area, if the recommendations are accepted by the public protection committee at their next meeting.
First minister Carwyn Jones scrapped the council's earlier schools reorganisation plans for Cardiff west which proposed to close English-medium Lansdowne Primary School to transfer Ysgol Treganna to the site as a two-form entry school.
The banks are so keen to avoid write-offs that they often approve unsound corporate reorganisation plans and unrealistic estimates of profits, according to Yang Sung Tae, a Seoul bankruptcy-court judge.A good example is Samsung's expensive new car company, a white elephant that opened for business last year just as South Korea's car market lurched to a halt.
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