English | Financial news with a German perspective

High-risk deals have resulted in big losses at VR-Bank Bad Salzungen Schmalkalden. Under a guarantee umbrella, BaFin's special commissioner Christian Gervais is advancing the restructuring of the "Effenberg Bank".

The latest quarterly statistics from the Bundesverband für Strukturierte Wertpapiere (BSW) show that the structured products market continues to boom in Germany.

Berlin based Identity.vc has launched a fund investing in startups with founders from the LGBTQ+ community. The 50 million euro fund recently announced its first closing.

The ECB's rate cut in early June was appropriate. But following it with another one in July would be a mistake.

Commerzbank's Chief Economist Jörg Krämer believes that the ECB's recent interest rate cut is likely to prove to have been a mistake.

Financial markets had already priced in the 6 June interest rate adjustment. The ECB must now weigh up its next move.

The J.P. Morgan Corporate Challenge in Frankfurt attracted 60,000 runners in colourful outfits to the longest banana stand in Germany. Cheerleading squads and drummers added to the festive atmosphere.

CDP aims to make it easier for companies to comply with all ESG reporting standards with a single data submission. CEO Sherry Madera closely collaborates with standard setters such as ISSB and Efrag.

A recent survey commissioned by the Bundesbank shows that knowledge about the planned digital euro is still poor among the German population.

Only a joint solution between the ECB and the private financial sector can result in a compelling European payment product. In order to strengthen European sovereignty in digital payment solutions the digital euro and the EPI need to work together closely.

The revision of the Sustainable Finance Disclosure Regulation is just around the corner. The industry is heavily critical of current fund categories.

Hornbach has made a good start into the new financial year. Karin Dohm, CFO of the Hornbach Group, discusses the ESG component included in the holding company's syndicated loan facility.

Demand for heavy trucks has weakened in Europe. Manufacturers also expect a decline in sales in North America this year. Nevertheless, they remain confident, having made efficiency gains on their production lines.

MEP René Repasi from the SPD wants to see an acceleration of Capital Markets Union. And he would also like to see the introduction of a new type of corporate legal framework, to promote innovation.

Catherine Tennyson from Axa Investment Managers sees increasing opportunities for investors in the fast growing mental health area.

The European Football Championship is even more important than the Olympics for Adidas. And economists point to a potential positive impact on consumer sentiment.

SAP is paying 1.5 billion dollars for a company that supports customers' digital transformation. Just offering software is not enough in today's fast changing world.

Over the past ten years, sales of sporting and camping goods, as well as services providers such as fitness studios, have outpaced growth in other segments of the economy.

Bettina Storck is the new member of the German government's Sustainable Finance Advisory Committee. The long-standing Head of ESG at Commerzbank replaces Nicolaus Heinen, who has moved from Deutsche Börse to the Ministry of Finance.

Managed by co-founder Philipp Schröder for around three years, the Hamburg-based start-up 1Komma5° has already become a unicorn. The CEO has ambitious growth plans.

The proceeds of the latest sale by KfW of a package of Deutsche Telekom shares will be used to prop up Deutsche Bahn.

The future of OQ Chemicals remains undecided. Private equity firm Advent was negotiating with creditors to acquire the company, but the talks fell through.