German authorities raid Barclays’ office in tax fraud investigation
British banking group Barclays is under the German regulator’s lens over Cum-Ex tax trades, Bloomberg has reported. As part of the investigation,…
Germany
FCA warns banks to look out for Afghan terrorism money
The Financial Conduct Authority (FCA) has told UK banks to be on the alert for attempts at money laundering and…
ByN26 rolls out Spaces personalisation feature
German online bank N26 has introduced a new feature dubbed Spaces to serve as personalised sub accounts. The jam-jarring feature…
Diebold Nixdorf to manage Degussa Bank ATMs
Diebold Nixdorf is set to assume the management of the cash supply chain for German Degussa Bank’s 220 automated teller…
Silicon Valley Bank receives approval to open branch in Germany
Silicon Valley Bank (SVB) has secured approval from Federal Financial Supervisory Authority (BaFin) to open a branch in Germany. Based…
Deutsche Bank launches new private and commercial banking subsidiary
Deutsche Bank has launched a new legal entity called DB Privat- und Firmenkundenbank, created through the merger of its private…
HNA further reduces stake in Deutsche Bank
Chinese conglomerate HNA Group has further reduced its interest in the German banking firm Deutsche Bank from 8.8% to 7.9%…
German bank N26 plans to expand to UK and US this year
German digital bank N26 is planning to expand its services in the UK and the US this year, the company…