The number of personal bankruptcies in Germany dropped to 94,079 in 2017, down by 6.8% from 2016, credit reporting agency Crifbürgel found. (dpa)
A technical glitch delayed the start of electronic trading on Frankfurt’s Xetra platform by nearly 45 minutes. The gaffe was doubly embarrassing because Friday is one of four annual “witching” trading days, a crucial day for options traders.
A reserve fund for life insurance payments increased to €60 billion in 2017 from €45 billion a year earlier. The fund was established in 2011 following the financial crisis.
Deutsche Bank employees received a total €2.3 billion in bonuses for 2017 despite a third consecutive year of losses; 50 managers took home more than CEO John Cryan’s €3.4 million salary.
Christian Bittars, a former Deutsche Bank trader, pleaded guilty to illegally manipulating interest rates as part of the LIBOR scandal, the UK’s Serious Fraud Office announced. The French national has yet to be sentenced.
The IPO price for 15 percent of Siemens’ medical technology unit, Healthineers, was set at €28 a share, at the lower end of the €26-31 spread, resulting in proceeds of €4.2 billion for the parent and total value of €28 billion for the spinoff.
The number of permits to build homes and apartments in Germany fell 5% to 300,695 last year. Excluding a steep fall in licenses for shared accommodation (including asylum homes), the drop was 1.9%.
Women in Germany earned 21% less than their male counterparts in 2017, taking home €16.59 gross per hour compared to €21. Type of job and responsibilities explain three-quarters of the difference.
If you want to borrow up to €50,000 from German bank DKB, you can ask a chatbot named Herbie, which will determine the loan that best suits your needs.