Today: September 20, 2024
Today: September 20, 2024

Latest From Tom Sims and John O'Donnell

Business|Europe|Finance

Commerzbank snubs overtures for UniCredit takeover

The chief executive of Germany's Commerzbank snubbed overtures for a takeover by Italy's UniCredit, saying on Monday he had his own plans for the bank

Commerzbank snubs overtures for UniCredit takeover
Business|Europe|Finance

Germany's Commerzbank has a bumpy history with big M&A

Commerzbank is poised to put CFO Bettina Orlopp in charge of talks with UniCredit when the German bank's supervisory board meets next week, two people with knowledge

Germany's Commerzbank has a bumpy history with big M&A
Crime|Europe|News

Suspect in German stabbing rampage is Syrian man, who confessed, authorities say

German police said they were holding a 26-year-old Syrian man in custody on Sunday after a knife attack in the city of Solingen in which three people

Suspect in German stabbing rampage is Syrian man, who confessed, authorities say
Business|Economy|Finance|Stock Markets

Deutsche Bank's proposed Postbank case settlement offer rejected by plaintiffs

Deutsche Bank has proposed a settlement to shareholders who sued Germany's largest bank for underpaying them for the acquisition of Postbank but the offer is too low,

Business|Economy|News

German property sector cracks show as new building starts tumble

Germany's new construction starts fell further during the first half of the year, data showed on Wednesday, indicating stress in the property market of Europe's

German property sector cracks show as new building starts tumble
Business|Economy

Deutsche Bank's profit streak at risk as Postbank lawsuit looms

Deutsche Bank is expected to post a loss for the second quarter, according to a consensus forecast published on Monday, as a protracted investor lawsuit over its

Deutsche Bank's profit streak at risk as Postbank lawsuit looms
Business|Economy|News|Political

EU's new Anti-Money Laundering Authority is now official, seeks chair

The regulation that sets up the European Union's new agency to combat money laundering went into force on Wednesday, and the authority already has its first job

EU's new Anti-Money Laundering Authority is now official, seeks chair
Business|Economy

Frankfurt skyscraper owner files for insolvency as property crisis grips

The owner of a prominent skyscraper in Germany's banking capital of Frankfurt has filed for insolvency, as the country reels from its biggest

Frankfurt skyscraper owner files for insolvency as property crisis grips
Economy|News

German home building permits nosedive in April as slump continues

Building permits for apartments in Germany fell 17% in April from a year earlier, government data showed on Tuesday, underscoring a continued downturn in demand in

German home building permits nosedive in April as slump continues
Business

Toilet brushes and board tables auctioned in Signa fire sale

Objects ranging from Signa's leather-covered boardroom table to toilet brushes from the European property company's Vienna offices are being auctioned off this month

Toilet brushes and board tables auctioned in Signa fire sale
Business|Economy

Deutsche Bank under fire from investors over Postbank problems

Big investors in Deutsche Bank vented their frustration at Germany's top lender on Thursday, describing problems at its Postbank business as a trust-damaging

Deutsche Bank under fire from investors over Postbank problems
Environment|News

Eight arrested after climate activists breach German airport

German police arrested eight climate activists who breached the grounds of Munich airport on Saturday, briefly causing the airport to close and leading to around 60

Eight arrested after climate activists breach German airport
Business|Economy|News

Deutsche Bank falls 9% after Postbank litigation woes resurface

Deutsche Bank shares were down 9% on Monday after news that a long-running lawsuit claiming it underpaid for its purchase of its giant Postbank division could cost up

Deutsche Bank falls 9% after Postbank litigation woes resurface
Business|Economy|News

Explainer-The trio of problems dogging Deutsche Bank's Postbank arm

Deutsche Bank has warned a protracted lawsuit claiming it underpaid for Postbank could cost Germany's largest lender up to 1.3 billion euros ($1.39 billion).

Explainer-The trio of problems dogging Deutsche Bank's Postbank arm

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