NYSE leaves brokers back on Wall Street

new York Peter Tuchman has already checked the situation on Wall Street. “It still looks like a ghost town down here,” he says on Thursday during his tour of the New York Stock Exchange. “But that will change soon. It starts again on Tuesday. It’s still the best financial institution in the world. ” The […]

Credit Suisse & Co. reach for fortune from Luckin-Coffee-Chef

Luckin Coffee A court hearing to liquidate Charles Zhengyao Lu’s private company is scheduled for June 8. (Photo: Reuters) Hong Kong The lending banks are taking action against the chairman of the Chinese coffeehouse chain Luckin Coffee. The institutions represented by Credit Suisse have initiated legal proceedings to liquidate Charles Zhengyao Lu’s private company, according […]

Pound is about to crash again

London The Corona crisis has one good thing from the perspective of many Britons: it has pushed Brexit off the agenda. Since the UK left the EU in late January, the issue has become quiet. The future trade relationship with the EU is not yet regulated, and the “no deal” threatens again at the end […]

Blackrock loses major shareholder PNC

new York Blackrock loses its largest shareholder. The American regional bank PNC will part with its stake in the world’s largest asset manager in the coming days, the institutes said on Monday. PNC, based in Pittsburgh, Pennsylvania, has had a stake in Blackrock for over 20 years and currently holds approximately 22 percent of the […]

These four stocks are up despite Corona

Delivery Hero – Foodora A driver of the “Foodora” delivery service belonging to “Delivery Hero” in Berlin. The share reached new highs in the corona crisis. (Photo: dpa) Frankfurt Covid-19 has taught investors worldwide to fear: The stock markets have been on a roller coaster for weeks, and some sectors such as the aviation and […]

With artificial meat against the corona crisis

ESo far there are few companies that have managed to convince in the current balance sheet season and have not reported a slump in profits due to the first months of the corona pandemic. One such exception is the American meat substitute manufacturer Beyond Meat. The company with the well-known vegan burgers continues its rapid […]

Deka demands resignation of Wirecard boss Markus Braun

Frankfurt Deka is the first major German fund company to replace Wirecard boss Markus Braun. “We are calling for Markus Braun’s resignation,” said Ingo Speich, Head of Sustainability and Corporate Governance at Deka, the “WirtschaftsWoche”. “We communicated this to Wirecard’s Chairman of the Supervisory Board, Thomas Eichelmann, earlier this week,” added Speich. As a fund […]

Corona crisis leaves various marks on Intesa and BNP

Rome / Frankfurt All major European banks are struggling with some of the effects of the corona crisis: For example, the increased provisions for loan defaults are eating large holes in financial planning. The expected deep recession over the course of the year should also be a problem for all institutes. Nevertheless, there are clear […]

Advent and Cinven are looking for investors for Thyssen-Krupp Elevator

Frankfurt, Dusseldorf After buying the profitable elevator division from Thyssen-Krupp, the financial investors Advent and Cinven are looking for other large investors to participate in the transaction. Financial circles report that it is a matter of billions. The total volume of the transaction is 17.2 billion euros. 1.25 billion come from Thyssen-Krupp itself: With a […]

British banks are also under political pressure in the crisis

London British finance minister Rishi Sunak does not skimp on superlatives when he announces a new aid program in the corona crisis. The aid is “historical”, the state’s commitment “never been there”. But the reality is sobering. Banks are not passing the money on quickly enough, companies and trade associations complain. The hotlines are overworked, […]