Financial Institutions

Solaris Is Facing A 50 Million Financing Round – Equity Is Urgently Needed!

German fintechs are increasingly attracting the interest of venture capitalists again. Now, Berlin-based Solaris is on the verge of a new financial injection with a financing round soon, raising a mid-double-digit million amount - about €50 to 60 million from existing investors.

Deutsche Bank Pays $75 Million To Abuse Victim Of Jeffrey Epstein!

It is probably the most significant compensation sum ever paid by a bank in the USA for sexual abuse: Deutsche Bank pays 75 million dollars to a woman who Jeffrey Epstein had abused. She accused the bank of ignoring evidence of his machinations to continue doing business with him.

Struggling Swiss Fund Operator GAM Loses Independence!

After years of struggling against cash outflows and another year of weak business figures, the Swiss fund company GAM is losing its independence. The British Liontrust Asset Management will take it over. Liontrust is offering 107 million francs in its shares for GAM, the two companies said Thursday. GAM's board of directors voted in favour of the transaction.

Deutsche Bank’s Head Of Human Resources Faces A Fine After Buying Bonds!

Michael Ilgner, Deutsche Bank's head of human resources, had bought bonds from his employer shortly before the publication of the quarterly balance sheet. This is against the bank's rules. The institute is investigating the matter.

Bank Crisis: First Republic Bail-Out Not Yet Finished!

The U.S. Federal Deposit Insurance Corp (FDIC) is in the process of seizing and selling the First Republic, a U.S. bank caught in the post-FTX banking crisis. It was expected that FDIC announced the bail-out results before the opening of the Asian stock exchanges on Monday. However, no announcement has been made yet.

Swiss State Bank PostFinance Offers Crypto To Customers!

Thanks to a partnership with Switzerland's Sygnum Bank, PostFinance is now offering its 2.5 million customers the ability to buy, store and sell Bitcoin and Ether.

Up To 30 Percent Of Jobs Eliminated At UBS-Credit-Suisse!

In Switzerland, up to 11,000 employees could be affected by the UBS takeover of Credit Suisse. UBS Group plans to cut its workforce by between 20% and 30%, slashing as many as 36,000 jobs worldwide, Swiss newspaper Sonntagszeitung reported, citing a senior manager at UBS.

Shortsellers Vs Jack Dorsey’s Fintech Block!

Shares of Jack Dorsey's Fintech Block plunged about 18% this week after short-seller Hindenburg Research accused the company of systematically facilitating fraud and violate regulatory rules.

Deutsche Bank Under Pressure: Now Chancellor Scholz Speaks Out!

After the laboriously negotiated takeover of the ailing Credit Suisse by the Swiss central bank UBS, unrest continues to reign in the financial markets. The Deutsche Bank share is one of the biggest losers on the DAX ahead of the weekend. However, the recent slump in the share price offers no cause for concern for German Chancellor Olaf Scholz.

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