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1 day ago | 
bloomberg.com | Eyk Henning |Arno Schütze |Crystal Tse
German internet bank N26 advertisement in Berlin in 2021. (Bloomberg) -- German digital bank N26 is considering a new funding round at a reduced valuation that could allow some of its existing investors including Coatue Management, Third Point and Dragoneer Investment to recoup part of their investment, people familiar with the matter said. The Series F funding round being contemplated by N26 would let the existing investors sell part of their stakes, according to the people.
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2 weeks ago | 
bloomberg.com | Esteban Duarte |Arno Schütze
A Deutsche Bank AG bank branch in Berlin, Germany, on Wednesday, July 24, 2024. Deutsche Bank AG said it will most likely refrain from conducting a second share buyback this year, after suffering its first quarterly loss in four years. (Bloomberg) -- Deutsche Bank AG is selling a significant risk transfer linked to a portfolio of $3 billion in corporate loans, according to people with knowledge of the matter, the latest deal to drive this market toward record volumes this year.
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2 weeks ago | 
news.bloomberglaw.com | Eyk Henning |Swetha Gopinath |Arno Schütze
Deutsche Bank AG is again getting top roles in Germany’s biggest initial public offerings, marking a significant comeback in a business that it pared back about six years ago. The lender has been picked as global coordinators in at least eight German listings this year and next, including medical technology firm Brainlab AG, BASF SE’s agricultural chemical unit and drugmaker Stada Arzneimittel AG, Bloomberg News has reported.
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2 weeks ago | 
bloomberg.com | Eyk Henning |Swetha Gopinath |Arno Schütze
The Deutsche Bank AG headquarters in the financial district of Frankfurt. (Bloomberg) -- Deutsche Bank AG is again getting top roles in Germany’s biggest initial public offerings, marking a significant comeback in a business that it pared back about six years ago.
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3 weeks ago | 
bloomberg.com | Arno Schütze |Steven Arons
Bettina Orlopp(Bloomberg) -- As Bettina Orlopp prepared to address Commerzbank AG’s annual meeting on Thursday, hundreds of people were holding up protest signs outside the conference hall. Only the employees and shareholders who’d come to the town of Wiesbaden weren’t criticizing Commerzbank and its chief executive officer for their performance, as they would in the past.
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3 weeks ago | 
news.bloomberglaw.com | Arno Schütze |Steven Arons
As Bettina Orlopp prepared to address Commerzbank AG’s annual meeting on Thursday, hundreds of people were holding up protest signs outside the conference hall. Only the employees and shareholders who’d come to the town of Wiesbaden weren’t criticizing Commerzbank and its chief executive officer for their performance, as they would in the past.
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3 weeks ago | 
bloomberg.com | Pablo Mayo Cerqueiro |Swetha Gopinath |Arno Schütze
Workers collect customer orders at an Autodoc car parts warehouse in Berlin, Germany. (Bloomberg) -- European stock exchanges could see a pickup in initial public offerings in the following weeks, as easing market volatility offers issuers an opportunity to tap investors. At least five sizable companies are considering a first-time share sale on regional bourses ahead of the traditional summer lull that usually starts around the middle of July, according to people familiar with the matter.
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3 weeks ago | 
news.bloomberglaw.com | Pablo Mayo Cerqueiro |Swetha Gopinath |Arno Schütze
European stock exchanges could see a pickup in initial public offerings in the following weeks, as easing market volatility offers issuers an opportunity to tap investors. At least five sizable companies are considering a first-time share sale on regional bourses ahead of the traditional summer lull that usually starts around the middle of July, according to people familiar with the matter.
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4 weeks ago | 
bloomberg.com | Laura Malsch |Arno Schütze
Bettina Orlopp(Bloomberg) -- Germany’s mortgage market has bounced back from an unprecedented slump and could now be poised to benefit from government plans to ramp up spending, according to Commerzbank AG Chief Executive Officer Bettina Orlopp. After higher borrowing and construction costs hit the housing market, the market for home loans has “clearly recovered,” Orlopp said Friday during an earnings call. “Price development is also more favorable than a year ago,” she said.
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1 month ago | 
bloomberg.com | Arno Schütze |Jillian Deutsch
Luka Mucic(Bloomberg) -- Vodafone Group Plc Chief Financial Officer Luka Mucic will step down by early next year to take a role running Germany’s largest landlord, Vonovia SE. Mucic, 53, was tapped to replace Vonovia’s longtime Chief Executive Officer Rolf Buch, Vonovia said in a statement Tuesday. Vodafone confirmed Mucic’s departure separately and said it has started a search for his successor.
