Lenders to the distressed cloud tech firm Dye & Durham Ltd. have hired Houlihan Lokey Inc. as financial adviser amid heightened scrutiny of the company’s capital position.
A Swiss court imposed a multi‑million‑euro penalty on private bank Lombard Odier over the Karimova money‑laundering case. The bank plans to appeal and rejects claims of internal failings.
The German‑French private bank Oddo BHF has increased its investment banking staff by over 100% and is seeking to grow its presence in Eastern Europe by partnering with Austria’s Raiffeisen Bank International.
Documents have uncovered undisclosed loans granted by Stadtsparkasse Langenfeld to the Reppegather brothers, linked to a luxury‑flight controversy. The bank is now preparing to separate from its CEO Dirk Abel, and a generous severance package may impose a significant financial burden.
German authorities conducted a raid on Deutsche Bank’s headquarters as part of a tax‑evasion probe concerning cum‑cum deals at its Postbank unit. The investigation also implicates senior managers, with the suspected loss estimated in the three‑digit million‑euro range.
Although women make up the majority of employees at Sparkassen and Volksbanken, their representation in senior board positions remains low. The article outlines three main reasons for this shortfall and suggests possible measures to improve gender balance.
JPMorgan’s initial coverage of Sabadell, following a hostile takeover approach, predicts falling stock prices and competitive challenges, with the analyst noting that Sabadell is behind its peers across all profit and loss categories.
The economic slowdown is dampening the issuance of new corporate loans. The state-owned development bank KfW cut its forecasts and expects a rebound in loan activity only by year‑end.
The private bank Berenberg presented the contested annual accounts that have been disputed between auditors and the former management. The issue concerns accounting questions and loans to former senior managers, and the bank has now made its accusations public for the first time.
The head of the Czech central bank cautioned against premature Eurozone membership and opposed pressure to cut rates, highlighting political disputes that could affect monetary policy.