Economists are warning of the possibility of a new global financial crisis after stock markets around the world, including in Germany, crashed on Thursday.
The only German bank that would have failed a European Union stress test, Helaba, decided it would not accept a disputed method used for the review and published its own results separately on Friday.
Shareholders controlling more than 80 percent of German stock market operator Deutsche Börse approved Thursday a merger with NYSE Euronext to create the world's biggest stock exchange.
Anshu Jain, the 48-year-old Indian head of Deutsche Bank investment banking, is tipped to be named co-chief executive of the German bank, the <i>Frankfurter Allgemeine Zeitung</i> reported Monday.
NYSE Euronext shareholders approved Thursday a merger with Deutsche Börse to form the biggest stock exchange operator in the world valued at some $25 billion (€17.4 billion).
Germany's Ifo business confidence index posted a surprise rise on Friday, suggesting investors remain positive about prospects for Europe's top economy despite the Greek debt crisis and concerns about US growth.
Germany is now second only to the United States when it comes to "super rich" households worth more than $100 million (€70 million), according to a study published this week.
The US Justice Department sued German giant Deutsche Bank Tuesday for mortgage fraud, saying the bank illegally obtained government insurance for substandard mortgages during the US housing boom.
German stock exchange operator Deutsche Börse insisted Friday its mooted merger with the New York Stock Exchange was the better deal after a rival bid emerged from Nasdaq and ICE.
Germany's biggest bank, Deutsche Bank, on Tuesday was told to pay €541,000 ($768,000) in compensation to a client who had not been sufficiently informed of the risks of certain financial products, the court said.
German investor confidence has been hit by an expected interest rate hike and Japan's natural disaster and nuclear crisis, the closely followed ZEW survey indicated on Tuesday.
A German man has received an unexpected financial windfall after finding a 52-year-old savings account booklet set aside for him by his late father, a media report said Monday. A Frankfurt court ruled the bank must pay out the sum – now worth an estimated €320,000 with interest.
Germany would prefer a private solution to state intervention if automaker Daimler wants to sell part of its stake in the European aerospace and defence group EADS, Economy Minister Rainer Brüderle said Wednesday.
Small and medium-sized companies are among the most likely Chinese investors in Germany, but many struggle with bureaucratic constraints, limited market knowledge and intercultural differences, according to a study released on Friday.
French judges have charged the German auto giant Daimler in an insider trading scandal centring on the European defence group EADS, a judicial official said Thursday.
Deutsche Börse and NYSE Euronext said on Wednesday they are in "advanced discussions" to merge and create the world's largest stock exchange operator by revenues and profits.
Nearly half a million people in Germany turned their backs on share ownership during the second half of 2010 in what experts fear is a declining faith in the stock market.
Germans paid dramatically less in capital gains taxes on income such as bank interest, share dividends and share sales last year than previously, prompting fresh debate about the tax code.
German financial market confidence surged this month as investors welcomed strong industrial orders, low interest rates and positive US data, the ZEW research institute said Tuesday.
The tiny Gulf state Qatar, already heavily involved in car giant Volkswagen and construction group Hochtief, is eyeing further investments in Germany, Economy and Finance Minister Yussef Hussein Kamal said on Friday.
Germany's DAX index of blue-chip stocks hit 6,405.30 points early on Wednesday, a level last seen two years ago before the collapse of the US investment bank Lehman Brothers.
German investor confidence plunged this month to depths not seen since February 2009 on fears that Europe's biggest economy is facing stiff headwinds, the ZEW research institute said Tuesday.
