Germany’s second‑largest bank, DZ Bank, achieved a record first‑half profit and lifted its earnings outlook, thanks to improved performance at its investment arm Union Investment and its insurance subsidiary R+V Versicherung. Two other companies in the Volksbanken group are facing pressure.
Berenberg is reorganising its ownership after a scandal: former managing director Hendrik Riehmer, dismissed by BaFin, sold his stake to a Hamburg merchant family.
Porsche AG signed a 1.25 billion‑euro (approximately $1.5 billion) agreement with India’s Tata Consultancy Services to implement AI solutions and to transfer its consulting division to the Indian software services firm.
The European Central Bank reiterated that users of the future digital euro will remain anonymous, defending privacy as central bank digital currencies face worldwide scrutiny.
A year after the indictment of two former LBBW bankers for involvement in a Cum‑Ex scheme, the German court has indicated that a decision on whether a trial will take place will not be made before the end of 2026, leaving the case unresolved for the foreseeable future.
The article discusses Lufthansa’s renewed candidacy for the DAX index as the Frankfurt Stock Exchange prepares to determine its index composition in September, noting that two other firms are also vying for a spot.
Fielmann, the Hamburg‑based provider of glasses and hearing aids, cut its outlook as German consumer confidence weakened, causing its stock to fall on the Frankfurt market.
The article examines the emerging “Operation Chargeback” case, where an ex‑Wirecard executive claims that other parties involved in the company’s collapse engaged in coordinated fraudulent activity. The allegations raise the prospect of a large‑scale lawsuit aimed at uncovering the full extent of the misconduct that led to Wirecard’s insolvency.
According to a Handelsblatt analysis, the entry of the US digital bank Chase into Germany has intensified competition for savings deposits. Exclusive data show which German banks have lost the most market share and which have benefited from the shift.
Shein, the low‑cost fashion retailer, had intended to start its IPO this week but now appears to be delaying the listing until September in order to draw a broader investor base.