The Local Germany

Watchdog probes gold and silver price-fixing

Wed, 27 Nov 2013 16:30:00 +0100

The German financial watchdog, BaFin, said on Wednesday it was looking into allegations of possible manipulation by banks in gold and silver price-fixing.

Bafin could scupper Hochtief takeover

Sat, 27 Nov 2010 11:06:00 +0100

Germany's financial supervisory authority Bafin has serious doubts about the planned hostile takeover of the country's largest construction company Hochtief by Spanish rival ACS, a media report said Saturday.

Bafin lifts ban on short-selling

Mon, 01 Feb 2010 16:04:00 +0100

German financial market regulators on Monday lifted a ban on short-selling, where investors bet on a company's share price losing value, saying the chaos the practice had caused in 2008 had subsided.

Porsche HQ raided in insider trading probe

Thu, 20 Aug 2009 19:47:00 +0200

German prosecutors on Thursday raided the headquarters of luxury carmaker Porsche to seize documents in an insider trading investigation, the company said.

Merkel aims to strengthen Bafin bank regulator

Fri, 07 Aug 2009 19:46:00 +0200

German Chancellor Angela Merkel would give the nation's banking supervisor extensive powers over struggling banks, including the capacity to dismiss executives, the Financial Times reported on Friday.

HRE bank gets €12 bln more in guarantees

Wed, 21 Jan 2009 09:35:00 +0100

The German state will provide another €12 billion ($15 billion) in guarantees to struggling Hypo Real Estate bank, bringing the total to €42 billion, HRE announced late Tuesday evening.

WestLB to seek €10 billion in state aid

Sat, 13 Dec 2008 18:20:00 +0100

German state-owned regional bank WestLB is to seek government guarantees worth at least €10 billion under a rescue scheme, the daily Rheinische Post

Kauder floats idea of EU-wide finance authority

Sat, 20 Sep 2008 11:54:00 +0200

A top German politician has said that Europe must draw consequences from the current financial crisis, suggesting that the creation of an EU-wide financial authority would improve transparency and regulation in the sector.

IKB posts lower loss despite subprime mess

Thu, 03 Jul 2008 14:18:00 +0200

The German bank IKB, which flirted with bankruptcy after the US subprime housing crisis erupted, on Thursday posted an annual loss of just €24 million ($38 million) due to a favourable tax effect.

Four bidders shortlisted for stake in German bank IKB

Wed, 28 May 2008 13:44:00 +0200

Four bidders are interested in buying German bank IKB, which has reported a nine-month loss of about €1 billion ($1.57 billion), a spokesman for its dominant shareholder KfW told AFP on Wednesday.

Regulator reportedly seeking insider trading probe of IKB

Wed, 23 Apr 2008 17:29:00 +0200

German financial markets regulator BaFin has uncovered enough evidence of insider trading at troubled business lender IKB to ask for a criminal investigation, the Wall Street Journal reported on Wednesday.