Germany’s BaFin warns Deutsche Bank of potential fines if it doesn’t improve money laundering controls
BaFin has extended its monitoring of Deutsche Bank until 30 October 2024.
BaFin has extended its monitoring of Deutsche Bank until 30 October 2024.
N26 will reportedly continue to be restricted to 50,000 new customer acquisitions per month.
German digital bank hit with fine by country’s financial regulator.
2.4% of all reported private financial transactions by its staff were transactions with Wirecard in H1.
The plan will also strengthen APAS, the body that oversees auditing firms in Germany.
Munich police say a criminal investigation into Wirecard has been launched.
EY couldn’t find the cash balances — which represent roughly a quarter of its balance sheet.
German regulator alleges Wirecard gave “misleading signals” for its stock market price.
The digital platform for asset and wealth managers wants to expand throughout Europe.
The BaFin has highlighted issues with staffing and communications.
The bank’s shares have fallen 48% this year.