In an interview, new manager Christoph Schmidt of DWS’s Concept Kaldemorgen fund outlined a strategic shift: reducing chip stock exposure, forecasting a gold rally, and noting that trust in hyperscalers (large cloud providers) is back after the previous manager’s exit.
The German investment bank M.M. Warburg faced a tax evasion scandal involving cum‑ex share trades. For the first time, the tax official who supervised the bank’s tax affairs will appear in court as a defendant.
The article interviews Joram Scher, who sells luxury watches that can cost more than a single‑family house, and explains what makes these watches valuable and how investors can find similar timepieces at lower prices.
Talanx reported a good first half of the year, with claim costs falling below expectations, leading the insurer to raise its outlook and anticipate beating its full‑year earnings target.
Stadtsparkasse Langenfeld announced the departure of its long‑standing CEO Dirk Abel after a controversy involving a flight incident. The bank released a statement that showered Abel with praise, but did not disclose any financial implications of the separation.
Jumia Technologies AG raised $50 million in equity from its largest shareholder Axian and the World Bank’s International Finance Corp to support its drive toward profitability.
Volksbank Kleverland, a German cooperative bank, requires support from the sector’s guarantee scheme because it has to write down loans that it cannot absorb without external help
Babcock & Wilcox Enterprises shares rose in pre‑market trading after the company announced a partnership with Germany’s Siemens Energy to manufacture steam turbine generator sets.
Following a court ruling and prolonged frustration among staff, the Deutsche Bundesbank has decided to offer fee‑free checking and depot accounts to its workforce and retirees, closing the controversy over account charges.
The reporting season is winding down, and activity on the German stock market is calming. The DAX remains near its all‑time high, while the PNE stock experienced a sharp decline.