Berenberg Bank

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.

Hendrik Riehmer, former CEO of Berenberg Bank, is contesting an exceptional regulatory measure imposed by BaFin that resulted in his removal from his position as head of the Hamburg-based private bank

BaFin has dismissed the complete management board of private bank Berenberg Bank due to alleged violations of corporate governance regulations. The regulator has taken immediate action, and a successor is now managing the institution.