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Berenberg bank is examining a conversion into a stock corporation, which would introduce supervisory board control over management, following disputes with Deloitte and Bafin over unapproved loans to executives.
Following intervention from BaFin, Berenberg Bank has submitted its audited annual financial statement for 2025, showing a significantly lower net profit than the previous year, with all contentious incidents from the prior management processed.
After five years, Germany's financial supervisory authority Bafin conducted a new inquiry into Cum-Ex and Cum-Cum risks, concluding that they pose a potential burden of over seven billion euros for the financial industry.
Germany's financial supervisory authority, BaFin, has imposed fines on battery manufacturer Varta. The company failed to promptly disclose insider information and did not publish its half-year financial report for 2024.
Italy's antitrust authority has launched an investigation into Microsoft over a significant price increase for its Microsoft 365 subscription service. Separately, Apple has announced and implemented price increases for many of its products, including MacBooks and iPads across various global markets, with recent reports linking these hikes to the AI boom and a global shortage of memory chips.
Germany's financial regulator Bafin is examining Zalando's consolidated financial statements, leading to a significant drop in the company's stock price.
BaFin, Germany's financial watchdog, has removed three executives from Berenberg, the country's oldest lender, following reports of possible breaches of corporate governance.
Germany's financial regulator, Bafin, has imposed restrictions on UniCredit, potentially impacting its rumored takeover bid for Commerzbank. This move comes as Commerzbank faces a defensive battle against a potential acquisition.
Commerzbank has contacted Bafin regarding its suspicions about Unicredit's derivatives, following an increase in subscriptions, suggesting they might be securities from counterparty banks, a claim Unicredit dismisses as unfounded.
Germany's financial regulator, BaFin, announced it will conduct targeted inspections of financial institutions. This action is prompted by the 'substantial' risks identified with the growing use of artificial intelligence in the financial sector.
Germany's banking supervisory authority, BaFin, has prohibited UniCredit from making public negative statements about Commerzbank in conferences, analyst dialogues, or social media.
German packaging specialist Gerresheimer is at risk of being removed from the S-Dax index due to a delay in submitting its financial results, caused by a special auditor's review of its balance sheet. The financial supervisory authority Bafin is also investigating the case.
Ivory Coast Faces 200,000 Tons of Unsold Cocoa Over Price Dispute Dabafinance
Germany's financial regulator, BaFin, has announced plans to monitor the use of artificial intelligence by banks and insurance companies to ensure compliance and manage risks.
Following intervention from BaFin, Berenberg Bank has submitted its audited annual financial statement for 2025, showing a significantly lower net profit compared to the previous year, with all contentious incidents under the prior management now processed.
The Democratic Republic of Congo has sealed the offices of a Glencore unit as part of an ongoing tax dispute.
Germany's financial supervisory authority, BaFin, has taken the unusual step of disempowering the entire management board of the private bank Berenberg.
Germany's financial regulator, BaFin, is investigating fashion retailer Zalando for allegedly failing to disclose information related to a €1.1 billion transaction linked to its About You acquisition.
Berenberg Bank's management is in a dispute with auditors over proprietary trading practices, with questions raised about whether the bank's leadership sought to 'beautify' annual results, though Bafin has not restricted operations.
Germany's financial supervisory authority, Bafin, is implementing stricter rules for trading in turbo certificates, introducing warning notices and knowledge queries to better protect private investors from high loss risks.
Germany's financial supervisory authority, BaFin, is investigating DekaBank's financial statements in connection with alleged "Cum-Cum" tax avoidance deals. The probe focuses on the bank's accounting practices related to these transactions.
The financial watchdog BaFin is once again being criticized as a 'toothless tiger,' this time concerning its handling of climate change issues, according to Finanzwende.
Germany's financial supervisory authority, Bafin, has prohibited Unicredit from disseminating misleading analyses, intervening in the ongoing competition for Commerzbank.
SETAO announced a substantial improvement in its financial performance for 2025, significantly narrowing its losses as its revenue more than doubled.
Nikolas Speer, the head of Germany's financial supervisory authority Bafin, aims to simplify regulations for small banks, moving towards fewer but stricter guidelines and away from formulaic inspections.
Germany's financial regulator, BaFin, has concluded its investigation into Zalando's disclosure practices, finding errors but ultimately deciding not to issue a fine.
German business news reports a four percent increase in rents. Additionally, the financial regulator Bafin has imposed a fine on the software company Teamviewer.
Ivory Coast is banking on private capital to fuel its ambitious new $209 billion growth plan, aiming to boost economic development.
Ivory Coast is making plans to revive its diamond production industry, signaling a potential economic boost for the nation.
Germany's financial supervisory authority BaFin is investigating fashion retailer Zalando over a potential error in its consolidated financial statements from the past year.
Germany's financial regulator, BaFin, is forcing one of Berenberg Bank's long-standing leaders, Hans-Walter Peters, to step down following Deloitte's audit findings concerning proprietary trading, while the other co-leader, Hendrik Riehmer, is tasked with addressing the issues.
Italian bank Unicredit is demanding that German regulator Bafin investigate allegedly misleading information regarding its potential takeover of Commerzbank, indirectly threatening to replace members of Commerzbank's supervisory board.
Commerzbank suspects that a few banks collaborated with Unicredit to sell Commerzbank shares, an action it believes makes no economic sense. The bank is calling for Germany's financial regulator, Bafin, to investigate the matter.
Bafin President Mark Branson stated that high risks are not reflected in current market developments, indicating that a market correction remains possible, while also addressing concerns about cyberattacks and private debt.
Germany's financial regulator, BaFin, has ordered UniCredit to stop running "unobjective" advertisements that targeted Commerzbank. This directive comes amid heightened attention surrounding Commerzbank, potentially related to acquisition interest.
The Democratic Republic of Congo has successfully raised $1.25 billion through its first-ever Eurobond issuance.
Ivory Coast Faces 200,000 Tons of Unsold Cocoa Over Price Dispute Dabafinance