Germany

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Germany's Economy Needs More Investment

Few countries attract as much disdain from economists as Germany. Berlin is accused of running an excessively prudent budget and German companies of paying their workers too little: This stinginess -- so the accusation goes -- has contributed to global i ...

Daily Headline - global.abi.org - 01/22/2018 - 22:09 - 0 comments

German Niki Administrator Says Still Plans Sale to IAG

The German administrator of insolvent airline Niki said he still wanted to sell the leisure carrier to British Airways parent IAG, despite a battle between Austria and Germany over where insolvency proceedings should be handled, Reuters reported. An Aust ...

Daily Headline - global.abi.org - 01/16/2018 - 09:08 - 0 comments

Germany May Be Lulled Into a False Sense of Security

Germany’s economic outlook is good. So good that corporate dealmakers have reason to be worried. Europe’s largest economy is in the midst of an economic upswing, which by some measures kicked off almost 15 years ago and is already “the longest since the ...

Daily Headline - global.abi.org - 01/09/2018 - 23:29 - 0 comments

German Regulator Makes Flexible Pitch to Lure Banks After Brexit

Brexit is a once-in-a-lifetime opportunity for Frankfurt to try to lure global banks away from London — but do not expect Germany’s main financial regulator to be part of a heavy sales pitch. “We are not a marketing agency and not interested in doing ind ...

Daily Headline - global.abi.org - 01/09/2018 - 23:30 - 0 comments

Higher Berlin Court to Rule on Challenge to Niki Insolvency

A Berlin court on Thursday rebuffed a legal challenge to the insolvency filing of airline Niki, which could derail the sale of the Air Berlin unit to Britain’s IAG, and referred the case to a higher court for a ruling, Reuters reported. Niki filed for in ...

Daily Headline - global.abi.org - 01/04/2018 - 21:25 - 0 comments

European Commission Approves Acquisition by Lufthansa of Air Berlin Subsidiary LGW, Subject to Conditions

The European Commission has approved under the EU Merger Regulation Lufthansa's proposed acquisition of certain Air Berlin assets, through the entity Luftfahrtgesellschaft Walter GmbH, according to a press release. The decision is conditional on Luf ...

Daily Headline - abi_admin - 12/21/2017 - 23:38 - 0 comments

Lufthansa Offers to Sacrifice Routes to Save Air Berlin Deal

Lufthansa is willing to sacrifice the right to fly some routes to save its deal to acquire assets of Air Berlin, the low-cost airline that collapsed recently, a source familiar with the company’s thinking said on Thursday, Reuters reported. The German ca ...

Daily Headline - global.abi.org - 12/01/2017 - 00:16 - 0 comments

Founder of Collapsed German Drugstore Chain Schlecker Gets Suspended Prison Term

The founding family behind German drugstore chain Schlecker, whose 2,800 stores closed in 2012, were sentenced over the company’s collapse by a German court on Monday, Reuters reported. The founder, 73-year-old former billionaire Anton Schlecker, receive ...

Daily Headline - global.abi.org - 11/27/2017 - 22:04 - 0 comments

Germany’s Place at the Centre of the EU Cannot Hold

Before talking about Germany’s role in Europe we must first determine the pillars on which a strong and lasting leadership is built. Economic strength is essential, but alone it is not enough for a state to extend its sphere of influence, the Financial ...

Daily Headline - global.abi.org - 11/26/2017 - 22:34 - 0 comments

Senior management responsibility in banks

Regulators have made clear their view that responsibility for the culture of a bank sits at the top; if senior management create the right culture, good regulatory practice and procedures will naturally follow. Following the financial crisis banks’ s ...

Resource Article - twallace@abiwor... - 11/08/2017 - 09:02 - 0 comments - 0 attachments

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