1st Quarter
January
1.1. – Croatia introduces the euro as its legal tender and joins the Schengen area.
1.1. – Basic income and supply chain law come into effect.
2.1. – DAX marks its annual low at 13,976.44 points.
2.1. – The price of natural gas on the European spot market starts the year at the annual high of 86.71 euros per megawatt-hour.
3.1. – Inflation falls significantly below the ten percent mark in December. However, the inflation rate for 2022 was the highest since the German reunification.
9.1. – AstraZeneca acquires the biotech company Cincor for up to 1.8 billion dollars. Cincor specializes in therapies for the treatment of hypertension and chronic kidney diseases.
11.1. – World Economic Forum: The end of globalization? According to the World Risk Report, the consequences of the war in Europe complicate the fight against climate change – currently the greatest risk to the global economy.
13.1. – The German government introduces equity pension.
13.1. – IPO candidate Ionos emerges as an IPO icebreaker. The hosting subsidiary of United Internet aims for a valuation of 5 billion euros.
17.1. – Start-up Britishvolt files for insolvency.
18.1. – Shareholders vote for Linde's exit from the stock market index Dax. The industrial gas company will be exclusively listed in New York in the future.
20.1. – A wave of layoffs hits the US tech sector; Alphabet cuts 12,000 jobs.
24.1. - The implementation of the Basel III banking package is underway. The Economic and Monetary Affairs Committee of the EU Parliament (Econ) approves a compromise that takes into account key demands from the EU Commission and member states.
31.1. – EU counters the US subsidy package with a "Green Deal Industrial Plan" offering tax benefits and other incentives for environmentally friendly technologies.
February
1.2. – Euro Stoxx 50 hits its annual low at 3,856.09 points.
2.2. – After targeting Aareal Bank, activist hedge fund Petrus Advisers also targets Pfandbriefbank. It accuses the institution of weak earnings and CEO Andreas Arndt of management errors. These accusations are renewed throughout the year.
3.2. – US unemployment rate drops to 3.4%, the lowest level in over 50 years.
6.2. – Renault, Nissan, and Mitsubishi announce a reorganization of the alliance.
8.2. – Bayer announces that Bill Anderson will replace Werner Baumann at the helm on June 1.
9.2. – Swiss bank Credit Suisse reports a loss of 7.3 billion CHF for 2022. In the final quarter, investors withdraw 120 billion CHF. The stock price drops by 15%.
14.2. – EU Parliament seals the end of combustion engine cars by 2035. Exceptions are made for trucks.
15.2. – The EU gas price cap comes into effect.
17.2. – British Prime Minister Rishi Sunak and EU Commission President Ursula von der Leyen tentatively reach an agreement on the Windsor Agreement. It is intended to replace the controversial Northern Ireland Protocol.
21.2. – The Association of Private Banks has a new CEO. Heiner Herkenhoff succeeds Christian Ossig, who steps down for health reasons.
22.2. – Trinkaus & Burkhardt is a thing of the past. The German subsidiary of the British HSBC is integrated into the group and loses its venerable name.
23.2. – Commercial vehicle supplier SAF-Holland completes the acquisition of Swedish brake manufacturer Haldex.
24.2. – Sono Motors is forced to cease its operations. The Munich start-up runs out of money before the self-developed electric car Sion goes into production.
27.2. – Industrial gas heavyweight Linde leaves the stock market index Dax and the Frankfurt Stock Exchange. The American-German company is now only listed on the New York Stock Exchange.
27.2. – Commerzbank returns to Germany's top stock market index Dax40.
27.2. – The Railway and Transport Union EVG largely disrupts rail traffic with a strike during the wage negotiations. It is the start of a strike-intensive year.
March
1.3. – The German gas and electricity price brake comes into effect.
3.3. – Silvergate Capital comes under pressure as customers withdraw over 8 billion dollars in deposits in the final quarter.
6.3. – The general meeting of the German Savings Banks Association DSGV elects Ulrich Reuter as the new president of savings banks.
8.3. – Cartel suspicion against the four largest fragrance manufacturers in the world. Raids at Givaudan, Firmenich, Symrise, and IFF.
10./11.3. – The National People's Congress in China confirms Xi Jinping as president for another five years and elects Li Qiang as the new prime minister the following day.
13.3. – SAP sells its stake in subsidiary Qualtrics to Silver Lake and CPP Investments. A sum of 7.7 billion dollars is raised, following an IPO that had already generated 2.4 billion dollars two years earlier.
15.3. – Ammar Al Khudairy sends Credit Suisse's stock price plummeting. The chairman of the Saudi National Bank, who came in as a savior for Credit Suisse, rules out injecting more funds into the troubled major bank.
16.3. – California's Silicon Valley Bank (SVB) files for Chapter 11 bankruptcy protection.
16.3. – The Parisian government forcefully pushes forward the contentious pension reform, triggering subsequent protests.
19.3. – To prevent bankruptcy, Swiss regulators arrange the emergency rescue of Credit Suisse through its competitor UBS.
22.3. – Rakuten Bank goes public in Japan. It is the financial arm of Japanese Amazon competitor Rakuten.
24.3. – US banks tap into the emergency credit programs of their central bank on a large scale. Demand is higher than in the weeks around the Lehman bankruptcy.
26.3. – The referendum "Berlin 2030 climate-neutral" falls far short of the necessary quorum.
28.3. – UBS brings back former CEO Sergio Ermotti to oversee the integration of competitor Credit Suisse.
29.3. – Auto supplier Leoni announces that it will restructure through the pre-insolvency restructuring procedure StaRUG.
30.3. – Pharma and laboratory equipment supplier Sartorius acquires French gene therapy specialist Polyplus for 2.4 billion euros.
