Tag: Rationalization and redevelopment
Deutsche Bank posts its highest profit in ten years in 2021
Frankfurt When CEO Christian Sewing announced his major restructuring program for Deutsche Bank in the summer of 2019, investors had great doubts. Almost three years later, Sewing still has to…
Deutsche Bank posts its highest profit in ten years in 2021
Frankfurt When CEO Christian Sewing announced his major restructuring program for Deutsche Bank in the summer of 2019, investors had great doubts. Almost three years later, Sewing still has to…
Galeria receives approval for second government loan
Berlin, Dusseldorf The department store group Galeria receives state aid again. The federal corona rescue fund (WSF) approved a rescue package on Tuesday, the Handelsblatt learned from government circles. Galeria…
Alfredo Altavilla’s successful comeback with the Italian state airline ITA Airways
Alfredo Altavilla The manager spent most of his professional life at Fiat. (Photo: via REUTERS) Frankfurt, Rome Alfredo Altavilla seems relieved when he talks about the takeover bid: It is…
This is behind the airline’s entry into ITA
Frankfurt, Rome The Swiss shipping group MSC wants to buy the Italian airline ITA Airways – with Lufthansa as a partner at the side. Memories of the long suffering of…
Investors register interest in Lufthansa shares of the federal government
Frankfurt, Berlin The federal government’s Lufthansa share package, which is up for sale, arouses the interest of potential buyers. According to financial circles, the first investors have made inquiries with…
Investors trust Lufthansa again more
Frankfurt Anyone looking at the stocks of Europe’s airlines these days will find the astonishing: This is a success, especially for Lufthansa. Not even two years ago, Europe’s largest airline…
“Nobody cares that Opel makes money”
Carlos Tavares The Stellantis boss is sticking to his basic course for the Opel renovation. (Photo: Reuters) Paris Carlos Tavares is not in a good position in Germany as head…
Renault is in the struggle for survival
Paris Renault boss Luca de Meo wants to lead the ailing French carmaker out of the crisis with an ambitious plan of action: “We are making very, very great progress,”…
Deutsche Bank & Commerzbank: Downhill after Cerberus exit
Frankfurt A commitment to the German banking sector looks different: The US financial investor Cerberus sells a good 46 million shares in Deutsche Bank and Commerzbank because it apparently no…
Deutsche Bank & Commerzbank: Downhill after Cerberus exit
Frankfurt A commitment to the German banking sector looks different: The US financial investor Cerberus sells a good 46 million shares in Deutsche Bank and Commerzbank because it apparently no…
Deutsche Bank & Commerzbank: Downhill after Cerberus exit
Frankfurt The US financial investor Cerberus pulled the rip cord a good four years after joining Deutsche Bank and Commerzbank – and sent the shares of the two largest German…
Cerberus pulls the rip cord on shares in Deutsche Bank and Commerzbank
Commerzbank headquarters in Frankfurt (left) The financial investor Cerberus is parting with parts of its stake in Commerzbank and Deutsche Bank. (Photo: dpa) Frankfurt This bet went wrong: The US…
Cerberus throws Deutsche and Commerzbank shares on the market
Commerzbank headquarters in Frankfurt (left) The financial investor Cerberus is parting with parts of its stake in Commerzbank and Deutsche Bank. (Photo: dpa) Munich After a good four years, the…
Ex-crisis bank Hypo Alpe Adria turns the kiosk into a bank
Tobacco sign in Vienna Cooperation with the financial sector. (Photo: Leonhard Foeger) Frankfurt The tobacco shop is an Austrian institution that has only inadequately translated into German with a kiosk.…
Double stress test for Deutsche Bank boss Christian Sewing
Christian Sewing The CEO actually wanted to make Deutsche Bank less dependent on volatile investment banking. (Photo: imago images / Future Image) Frankfurt The new year holds two challenges in…
Double stress test for Deutsche Bank boss Christian Sewing
Christian Sewing The CEO actually wanted to make Deutsche Bank less dependent on volatile investment banking. (Photo: imago images / Future Image) Frankfurt The new year holds two challenges in…
Evergrande wants to postpone payments for six months
Beijing / Hong Kong The construction company China Evergrande, which has got into financial difficulties, wants to postpone the payment date for payments due soon. The proposed change in the…
Alexis von Hoensbroech – New beginnings in troubled times
Alexis von Hoensbroech The long-standing Lufthansa manager takes over the chief position at the Canadian airline Westjet. (Photo: dpa) Frankfurt Alexis von Hoensbroech knows crises well enough. Years ago, the…
Trading in Evergrande shares suspended again
Dusseldorf It is a heavy blow for the heavily indebted real estate group Evergrande: The developer has to demolish 39 luxury vacation properties on the popular holiday island of Hainan…