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    Olaf Storbeck

    Frankfurt correspondent

    Email Olaf Storbeck @olafstorbeck  on Twitter (link opens in a new browser window)

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    • Thursday, 25 May, 2023
      Artificial intelligence
      AI is an opportunity for creative industries, says Bertelsmann boss

      Thomas Rabe says that despite copyright challenges machine-generated content could be ‘very positive’

    • Tuesday, 16 May, 2023
      News in-depthDeutsche Bank AG
      How a publicity-shy chair is revamping Deutsche Bank

      In his first year, Alexander Wynaendts has made management more accountable

    • Monday, 15 May, 2023
      European banks
      Top Deutsche banker praised ‘Trojan horse’ payments which led to internal investigation

      Stefan Hoops hailed proposal to pay €1mn to win business as ‘smart’ and ‘awesome’

    • Sunday, 14 May, 2023
      War in Ukraine
      Zelenskyy praises Germany’s €2.7bn military aid pledge to Ukraine

      Rheinmetall deal to repair western tanks in war-torn country also announced around president’s visit to Berlin

    • Sunday, 14 May, 2023
      German politics
      German Greens suffer worst result in more than 20 years in regional poll

      Nepotism allegations and outcry over planned law on carbon-free heating set party back in Bremen

    • Thursday, 11 May, 2023
      Adidas AG
      Adidas to sell Yeezy shoes and donate some of the proceeds

      German sports brand seeks to mitigate damage from ill-fated Kanye West partnership

    • Tuesday, 9 May, 2023
      Adidas AG
      Adidas to face pressure from big investor over Kanye West findings

      Group to be asked at annual meeting to disclose conclusions from probe into its handling of misconduct allegations

    • Friday, 5 May, 2023
      Adidas AG
      Adidas shares jump as new chief says China business has turned the corner

      Sales trends are improving in world’s second-largest economy, says Bjørn Gulden

    • Thursday, 4 May, 2023
      Inside BusinessAccountancy
      The paradoxical lessons from EY’s punishment over Wirecard

      Regulatory reform of the audit industry is still unfinished business

    • Tuesday, 2 May, 2023
      Asoka Wohrmann
      Ex-DWS chief Wöhrmann to lead struggling property group Patrizia

      Appointment comes less than one year after head of Deutsche Bank’s asset manager was ousted over greenwashing scandal

    • Monday, 1 May, 2023
      Deutsche Bank AG
      Deutsche Bank plans to beef up investment bank advisory team

      Expansion designed to prepare for dealmaking rebound and reduce reliance on fixed-income sales and trading

    • Friday, 28 April, 2023
      Deutsche Bank AG
      Deutsche Bank probes HR chief’s ill-timed bond purchase

      Regulatory disclosure shows Michael Ilgner bought debt during the ‘closed period’ before the lender’s results were released

    • Thursday, 27 April, 2023
      Deutsche Bank AG
      Deutsche Bank says it was hit by a ‘speculative attack’ during turmoil

      German lender’s clients pulled more than €7bn in late March after sharp drop in share price

    • Tuesday, 25 April, 2023
      Fintech
      Europe’s banks temper ambitions to challenge big US payments groups

      European Payments Initiative is launching a scaled back scheme after acquiring two fintechs

    • Monday, 24 April, 2023
      Axel Springer SE
      Axel Springer files criminal complaint against former top editor

      Publisher pursues ex-Bild editor Julian Reichelt — who was sacked for alleged misconduct — over data leaks

    • Monday, 24 April, 2023
      Adidas AG
      Adidas goes local as it fights to overcome crisis in China

      New China boss appeals to Chinese consumers with patriotic clothing lines

    • Friday, 21 April, 2023
      News in-depthMedia
      Mathias Döpfner becomes the story: the return of scandal at Axel Springer

      New book adds to pressure on chief of German media group after damaging leaks and allegations

    • Thursday, 20 April, 2023
      Bayer AG
      Activist investor ramps up pressure on incoming Bayer boss

      Bluebell Capital Partners calls for conglomerate’s break-up and boardroom reshuffle ahead of AGM

    • Thursday, 20 April, 2023
      N26
      How Germany’s top fintech is struggling to grow up

      N26’s strategic planning, leadership and governance in the spotlight

    • Wednesday, 19 April, 2023
      N26
      Allianz puts N26 stake up for sale at steep discount

      German insurance group values smartphone bank at as little as $3bn

    • Thursday, 13 April, 2023
      Wirecard AG
      Wirecard boss threatened ‘legal steps’ against KPMG over special audit

      Partner at Big Four firm says Markus Braun invited him skiing as he sought to water down probe

    • Wednesday, 12 April, 2023
      Deutsche Bank AG
      Deutsche Bank to close down its remaining IT operations in Russia

      German lender offers severance packages to 500 software specialists still employed in Moscow and St Petersburg

    • Wednesday, 5 April, 2023
      Bayer AG
      New Bayer chief says all options on table after investors push for break-up

      Conglomerate faces ‘unique challenges’ but separating pharma and agrichemical units not a done deal

    • Monday, 3 April, 2023
      EY
      EY banned by German audit watchdog over Wirecard work

      Big Four firm cannot take on listed companies as new clients for two years

    • Wednesday, 22 March, 2023
      Inside BusinessAccountancy
      EY, KPMG and the fallout of two accounting scandals

      What happens to companies that cannot secure an auditor to check their accounts?

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