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    Olaf Storbeck

    Frankfurt correspondent

    Email Olaf Storbeck @olafstorbeck  on Twitter (link opens in a new browser window)

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    • Wednesday, 22 March, 2023
      Inside BusinessAccountancy
      EY, KPMG and the fallout of two accounting scandals

      What happens to companies that cannot secure an auditor to check their accounts?

    • Tuesday, 21 March, 2023
      News in-depthWirecard AG
      ‘Do you understand what I say?’ Markus Braun tests patience of Wirecard judge

      Former chief executive has been unwavering that he has no responsibility for one of Europe’s biggest corporate frauds

    • Friday, 17 March, 2023
      Deutsche Bank AG
      Deutsche Bank chief’s bonus takes hit from missed governance targets

      Supervisory board deducts €1mn from total pay for top executives over ‘missed milestones’ in fixing internal controls

    • Tuesday, 14 March, 2023
      News in-depthWirecard AG
      The high-living entrepreneur brought low by his links to Wirecard

      Prosecutors allege James Henry O’Sullivan secretly controlled companies that were used to inflate profits and siphon off cash

    • Friday, 10 March, 2023
      Credit Suisse Group AG
      Credit Suisse chair avoids regulatory action over outflow claims

      Finma concludes probe into comments made by Axel Lehmann in December during bank’s capital raise

    • Wednesday, 8 March, 2023
      Vonovia SE
      Vonovia calls in Deloitte to investigate bribery allegations

      Police arrests four individuals and raid 40 properties in anti-corruption crackdown

    • Wednesday, 8 March, 2023
      Adidas AG
      Adidas to pay ex-chief €15.9mn as it slashes dividend after Kanye West saga

      Kasper Rørsted to receive severance payment despite German sportswear group warning annual losses may reach $700mn

    • Tuesday, 7 March, 2023
      Fintech
      N26’s top executives warned co-founders over ‘dysfunctional’ leadership

      German fintech’s senior management laid bare their concerns in blistering internal memo

    • Monday, 6 March, 2023
      European banks
      German banks accused of short-changing savers with low rates

      Europe’s largest retail deposit broker says country’s lenders will make €40bn in ‘unfair’ profits this year

    • Thursday, 2 March, 2023
      N26
      N26 head of risk quits due to personal reasons in escalating leadership crisis

      Fintech start-up loses Thomas Grosse while scrambling to improve anti-money laundering controls

    • Tuesday, 28 February, 2023
      Bayer AG
      Bayer chief hits out at US legal system after weedkiller fight

      Companies are ‘at the mercy of an industry of litigation lawyers’, says outgoing CEO Werner Baumann

    • Sunday, 26 February, 2023
      Bayer AG
      Bayer embraces activist Ubben with place on its sustainability council

      But high-profile shareholder may not be satisfied with informal position

    • Tuesday, 21 February, 2023
      Zalando SE
      Online fashion retailer Zalando to cut jobs as economic slowdown bites

      Co-founders of Europe’s largest fashion retailer admit the group has become too bloated

    • Sunday, 19 February, 2023
      Deutsche Bank AG
      Deutsche Bank criticised by regulators over forex mis-selling probe

      ECB and BaFin dissatisfied with methodology and length of time of internal investigation into misconduct

    • Wednesday, 15 February, 2023
      Deutsche Bank AG
      Deutsche Bank cuts ties with Selfridges co-owner René Benko

      Developer named by prosecutors last year as a suspect in long-running corruption investigation

    • Monday, 13 February, 2023
      Wirecard AG
      Wirecard’s Braun voices ‘deepest regret’ but denies knowledge of fraud

      Former chief of collapsed German payment group rejects ‘all charges’ at Munich trial

    • Sunday, 12 February, 2023
      Deutsche Bank AG
      Deutsche forex mis-selling probe finds staff acted in ‘bad faith’ for years

      Flaws in controls allowed employees to push clients into risky products that were lucrative for the bank

    • Friday, 10 February, 2023
      Adidas AG
      Adidas shares slide as fallout from Kanye West tie-up deepens

      German group warns of possible hit of up to €700mn because of unsold Yeezy shoes

    • Wednesday, 8 February, 2023
      Bayer AG
      Bayer appoints Roche veteran Anderson as chief executive

      He will replace embattled boss Baumann who has faced criticism from disgruntled investors

    • Wednesday, 8 February, 2023
      Inside BusinessSiemens Energy
      Germany’s biggest value creators and destroyers

      Over 20 years, Siemens has led the way while Deutsche Bank languishes at the bottom

    • Tuesday, 7 February, 2023
      News in-depthWirecard AG
      Ex-Wirecard chief Markus Braun’s credibility in the dock

      Former head of defunct German payments company accused of making incorrect and misleading statements to investors

    • Thursday, 2 February, 2023
      Deutsche Bank AG
      Deutsche Bank delays buyback decision as profits hit 15-year high

      Germany’s largest lender buoyed by rising interest rates but fourth-quarter results miss expectations

    • Tuesday, 31 January, 2023
      Investment Banking
      Perella Weinberg banker tied to insider trading probe found dead

      German law enforcement suspected UK-based employee shared sensitive information about looming deals

    • Monday, 30 January, 2023
      Wirecard AG
      EY came close to uncovering Wirecard fraud in 2016

      Collapsed payments firm’s trustee accidentally told the auditor that he did not hold any money on its behalf

    • Friday, 27 January, 2023
      Perella Weinberg Partners LP
      Perella Weinberg suspends London-based banker after insider trading probe

      Bank’s offices raided this week as part of investigation that has already led to one arrest in Germany

    Previous page You are on page 1 Next page

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