German federal police have been searching the offices of Deutsche Bank in Frankfurt and Berlin since early Wednesday morning, with raids ordered by prosecutors in Frankfurt, Euronews.com reported. About 30 investigators reportedly entered the bank’s Frankfurt headquarters in plain clothes, according to Der Spiegel, which first reported the news. Another Deutsche Bank location in Berlin was also searched. Prosecutors say they are investigating unknown managers and employees of Deutsche Bank on suspicion of money laundering.
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German language teaching group Carl Duisberg Centren will cease trading and close all of its centres this week after a period of administration has failed to rescue the company, StudyTravel Magazine reported. Carl Duisberg Centren (CDC) was established in 1962 and operates as a non-profit organisation with six schools across Germany and a portfolio of adult programmes including intensive German, exam preparation and university preparation, as well as summer camps for juniors.
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The German Federal Fiscal Court Jan. 22 posted online Decision No. VI R 5/23, clarifying the rights of insolvency administrators to file assessment applications in tax refund cases for employees, Bloomberg Tax reported. The taxpayer, a debtor in insolvency, had a tax return filed on his behalf by an insolvency administrator who signed it alone. The Tax Office refused to conduct the assessment, contending that the taxpayer’s signature was also needed. Upon the former administrator’s death, a new administrator was appointed and continued the case.
Germany's net borrowing in 2025 came in well below the level set out in its budget plan, helped by lower-than-expected spending and higher-than-expected revenues, the finance ministry said on Friday, Reuters reported. This was the nation's first annual budget since sweeping reforms to loosen fiscal rules were passed in March last year, securing record investments to revive the economy while committing to an increase in defence spending.
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White label hotel management company Revo Hospitality, formerly known as HR Group, has filed for insolvency and is to be restructured under its own management by the summer, BoutiqueHotelNews.com reported. The company cited “increased wage costs and the sharp rise in minimum wages, but also higher costs for rent, energy and food” as contributing factors to the insolvency. “Above all, the strong expansion of the Revo Hospitality Group in recent years led to duplicate structures and integration problems,” it said. In 2008, Revo (then known as HR Group) took over its first hotel in Leipzig.
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Germany’s state of Saxony-Anhalt will temporarily finance Domo Chemicals GmbH’s insolvent plastics production site in Leuna to prevent a potentially damaging shutdown, Bloomberg News reported. The plant, which makes plastics used in the automotive and construction sectors, will keep running at around 40% of capacity until the end of March, Christof Günther, managing director of chemical park operator InfraLeuna GmbH said Thursday, after helping to negotiate the financial lifeline with insolvency administrator Flöther & Wissing and the eastern German state.
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Germany's troubled economy returned to modest growth last year after two years of falling output, official figures showed, as hopes rise that government spending on bridges, rail lines and defence may help end years of stagnation, EuroNews reported. The expansion in gross domestic product of 0.2% for 2025 was fueled by stronger consumer and government spending while exports sagged under the weight of more restrictive US trade policy under President Donald Trump, the German Federal Statistical Office said on Thursday. That follows shrinkage of 0.5% in 2024 and 0.9% in 2023.
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Germany’s DZ Bank revealed it received regulatory approval from BaFin under the European Union’s Markets in Crypto-Assets (MiCA) framework, enabling it to offer meinKrypto, a digital asset trading platform targeted at retail clients through the cooperative banking system, CoinDesk.com reported. The announcement follows a broader trend in Germany, where traditional financial institutions are entering the crypto space under the MiCA regime. DekaBank, another cooperative group player, debuted crypto trading and custodial services for institutions in early 2025.
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Corporate insolvencies in Germany surged 15.2% year-on-year in December, according to preliminary data released Monday by the Federal Statistical Office (Destatis), AA.com.tr reported. Final figures showed that corporate insolvencies rose 4.8% annually in October to 2,108 cases. The transportation and warehousing sector recorded the highest insolvency rate in October, with 12.73 bankruptcies per 10,000 companies, followed by the hospitality sector at 10.5 cases per 10,000 companies.