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 […]

Commerzbank fails with the sale of mBank

Frankfurt Commerzbank has decided not to sell its Polish subsidiary mBank. “In an environment currently shaped by the corona crisis, a transaction on attractive terms does not appear to be achievable,” the Frankfurt Institute justified the decision. Commerzbank had put the Polish subsidiary up for sale in the autumn to free up capital for the […]

Israeli bank Hapoalim fined $ 900 million

Bank Hapoalim The Israeli money house has helped transfer assets of more than $ 7 billion to accounts outside the United States. (Photo: dpa) Tel Aviv The major Israeli bank Hapoalim has agreed with the US authorities to pay a total of more than $ 900 million, also because of its involvement in the FIFA […]

Deutsche Bank appoints new Asia board

Deutsche Bank Werner Steinmüller retires and hands over the Asia-Pacific business to Alexander von zur Mühlen. (Photo: dpa) Frankfurt Deutsche Bank appoints a new board member for its Asia-Pacific business. Alexander von zur Mühlen replaces Werner Steinmüller on August 1, who will retire at the end of July, as the money house announced in Frankfurt […]

Deutsche Bank plans to offer card readers for small shops

Card reader The corona crisis could accelerate the growth of cashless means of payment. (Photo: dpa) Frankfurt Deutsche Bank plans to expand its payment transaction activities and offer card readers for smaller retail outlets with its US provider First Data. “At the checkout, customers are paying more and more with cards instead of cash,” said […]

Ten major banks are accused of manipulation of the corporate bond market

Deutsche Bank The German money house is accused of years of manipulation. (Photo: Reuters) new York A US lawsuit accuses ten of the world’s largest banks of manipulating the corporate bond market. According to this, the money houses – including Deutsche Bank – have been asking for high prices for almost 14 years, as can […]