English | Financial news with a German perspective
Reports, insights, analyses and opinions on Europe's biggest financial market.
Head of ESMA points to limits of regulation
The building blocks of the Capital Market Union are of great importance to the EU Securities and Markets Authority (ESMA). The head of the authority warns against focusing solely on regulation in the project.
„We no longer need a rating“
On the way to its IPO, Douglas is completely replacing its previous financing. The new debt will have a significantly lower interest rate. However, CFO Mark Langer does not want to stick his neck out too far in the middle of the marketing phase.
Poor advisor for monetary policy
When considering interest rate cuts, the ECB should not look too closely at its own forecasts for inflation and economic growth. There are several reasons for this.
Deutsche Börse targets institutional investors with crypto platform
Bitcoin reaches a new all-time high, and on the same day Deutsche Börse launches a crypto platform for institutional clients. Bitcoin and Ethereum will be the first on the platform.
Berentzen sets itself "very ambitious goals"
The Berentzen beverage group has suffered a setback in recent years due to declining consumer appetite. Executive Board Spokesman Oliver Schwegmann presents the new Group strategy and the "very ambitious goals".
New pension package by no means fit for the future yet
The funded pension provision in the new pension package of the government coalition delivers less than the FDP promises. But it still offers an opportunity.
Major changes in the Dax family
The increase of the cap limit to 15 percent will lead to major changes in the Dax and TecDax from March 18. In the TecDax, the weighting of SAP, Infineon and Deutsche Telekom will climb to 15 percent.
Bayer is in a strategic cul-de-sac
With the legal disputes that Bayer has acquired as well with the takeover of Monsanto, the company has manoeuvred itself into a dead end.
Important and overdue step
With the launch of a platform for crypto trading, Deutsche Börse is preparing the ground for institutional trading in Germany.
The annually recurring tragedy
Only once a year, on Equal Pay Day, does the pay gap between women and men become an issue.
Telecoms companies in a retreat battle
Groups such as Telekom and Vodafone are withdrawing from unprofitable markets. However, the profitable reallocation of resources is a feat.
Direct lending comes under pressure in Europe
Private debt managers are finding it increasingly difficult to raise money for direct lending funds. The processes take longer and are focussed on a few large addresses. Resurgent investment banks are also fuelling competition.
Banking association calls for reform of securitisation rules
Germany's private banks are calling on regulators to comprehensively revise the requirements for securitisations – including with regard to risk weighting and transparency requirements.
The bosses of Bosch, ZF and Conti are under pressure
The transition to electromobility poses major challenges for the bosses of Germany's largest automotive suppliers. Now the market is also weakening. Thousands of jobs are under threat.
Survey: German banks not meeting customer needs
A study shows: German banks are struggling with a lack of success of their smartphone services. Why can't they reach their customers better?
"Money alone will not solve Germany's structural problems"
The President of the Kiel Institute for the World Economy on the failure of politics, the right course for climate transformation, and the role of the debt brake.
Private debt must become more transparent
Private debt has so far proved to be a flexible restructuring partner. However, if the sector wants to open up to private investors, it must become more transparent with regard to default risks.
Chief Sustainability Officer considers green asset ratio unhelpful
Eva Meyer from BNP has noticed a certain ESG fatigue. This does not slow her down in her role as Head of Sustainability at BNP in Germany.
Going public without a mountain of debt
Like Douglas, many other IPO candidates come from private equity and are highly indebted. In order for IPOs to be well received by investors, debt must be reduced. More than three times the operating profit is no longer accepted.
Ways out of the obliteration of money
German citizens are giving away billions every year by sticking to traditional forms of investment such as fixed-term deposits, savings books, and the like. According to a survey commissioned by Commerzbank, security is their top priority and returns are of secondary importance.
Deutschland AG at a watershed
Once feared, now accepted and at times even appreciated: activist investors are taking a seat at Deutschland AG. At Bayer, they will soon even be on the Supervisory Board.
Residential landlords caught in the amortisation maelstrom
The capital-intensive residential property sector is struggling with the loss in value of its assets. Above all, it is struggling with the repercussions on debt levels and financing.
Higher remuneration for SAP Executive Board
SAP's good performance in the past year has not only pleased shareholders. The Executive Board members are also paid more than in the previous year.
Banks need room for manoeuvre
European banks are allowing their shareholders to participate in rising interest income. There are good arguments for this. However, the promise of permanently high payout ratios is risky.