The German financial watchdog, BaFin, said on Wednesday it was looking into allegations of possible manipulation by banks in gold and silver price-fixing.
Germany's financial supervisory authority Bafin has serious doubts about the planned hostile takeover of the country's largest construction company Hochtief by Spanish rival ACS, a media report said Saturday.
German financial market regulators on Monday lifted a ban on short-selling, where investors bet on a company's share price losing value, saying the chaos the practice had caused in 2008 had subsided.
German prosecutors on Thursday raided the headquarters of luxury carmaker Porsche to seize documents in an insider trading investigation, the company said.
German Chancellor Angela Merkel would give the nation's banking supervisor extensive powers over struggling banks, including the capacity to dismiss executives, the Financial Times reported on Friday.
The German state will provide another €12 billion ($15 billion) in guarantees to struggling Hypo Real Estate bank, bringing the total to €42 billion, HRE announced late Tuesday evening.
German state-owned regional bank WestLB is to seek government guarantees worth at least €10 billion under a rescue scheme, the daily <i>Rheinische Post</i reported Saturday.
A top German politician has said that Europe must draw consequences from the current financial crisis, suggesting that the creation of an EU-wide financial authority would improve transparency and regulation in the sector.
The German bank IKB, which flirted with bankruptcy after the US subprime housing crisis erupted, on Thursday posted an annual loss of just €24 million ($38 million) due to a favourable tax effect.
Four bidders are interested in buying German bank IKB, which has reported a nine-month loss of about €1 billion ($1.57 billion), a spokesman for its dominant shareholder KfW told AFP on Wednesday.
German financial markets regulator BaFin has uncovered enough evidence of insider trading at troubled business lender IKB to ask for a criminal investigation, the <i>Wall Street Journal</i> reported on Wednesday.
