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German lender slumps to its biggest annual loss since the financial crisis
Heike Pauls had briefed managers at payment group about hedge fund’s criticism
German lender will halve branch network by 2024 in radical restructuring plan
Move comes after it emerged that Heike Pauls had briefed payment group’s managers about hedge fund’s criticism
German lender severed some ties with the payments group after internal review
Germany’s second-largest lender earmarks ‘at least’ €1.7bn for losses, its second increase since November
German lender ups provisions for loan losses, saying it must accept some small businesses will not make it
Things cannot get much worse for the German lender, yet there is hope for shareholders
Banks are overhauling their online offerings and closing bricks-and-mortar branches
Presented without comment.
After dismal quarters from Commerzbank, Société Générale and UniCredit, it is time for smart deals
Lender stuck in purgatory of being too cheap to sell and too problematic to acquire
Write-off of €175m in loans to collapsed German fintech greater than provisions for pandemic in second quarter
Supervisory board elects Hans-Jörg Vetter despite opposition from second-largest shareholder
Stefan Schmittmann and Martin Zielke tender resignation after criticism from second-biggest shareholder
Arrest on Monday came days before German payments processor’s collapse on Thursday
Second-largest levy imposed by City regulator for failings to combat potentially illegal transactions
Private equity firm demands two seats on supervisory board and criticises management’s ‘negligence’
Move reflects German government’s frustration with lacklustre performance at struggling lender
Move follows hot on heels of Deutsche Bank investment and is seen as a vote of confidence in ailing sector’s recovery
German lender’s incoming finance chief says bank wants to make additional savings
German lender urged to consider ‘plan B’ in unusually blunt appraisal
Petrus Advisers agrees to drop lawsuit against online lender
German lender aims to cut costs as it launches full takeover of internet subsidiary
Despite shares near record lows, the effects of Sewing’s turnround efforts are starting to show
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