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As banks came under mounting pressure in March, Deutsche Bank used big trades to give its cash buffers a temporary boost, employing a method that European regulators have raised concerns over, two sources familiar with the situation said.
As banks came under mounting pressure in March, Deutsche Bank used big trades to give its cash buffers a temporary boost, employing a method that European regulators have raised concerns over, two... | May 26, 2023
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The new president of Germany's financial watchdog BaFin on Wednesday vowed to make further efforts to bolster supervision in Europe's largest economy amid criticism that current overhaul efforts don't go far enough.
4 Min Read FRANKFURT (Reuters) - Fresh from toppling the head of Germany’s top financial regulator last week, lawmakers are turning their fire on finance minister Olaf Scholz and his deputy Joerg Kukies. FILE PHOTO: German Finance Minister Olaf Scholz attends a session at the lower house of parliament Bundestag in Berlin, Germany, December 9, 2020. REUTERS/Hannibal Hanschke As their inquiry into the collapse of Wirecard gathers pace, it has put Germany’s biggest fraud centre stage in national elections in which Scholz wants to stand for chancellor. “The focus of the parliamentary inquir...