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Olaf Storbeck

Frankfurt correspondent

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  • Thursday, 25 May, 2023
    Artificial intelligence
    AI is an opportunity for creative industries, says Bertelsmann boss

    Thomas Rabe says that despite copyright challenges machine-generated content could be ‘very positive’

  • Tuesday, 16 May, 2023
    News in-depthDeutsche Bank AG
    How a publicity-shy chair is revamping Deutsche Bank

    In his first year, Alexander Wynaendts has made management more accountable

  • Monday, 15 May, 2023
    European banks
    Top Deutsche banker praised ‘Trojan horse’ payments which led to internal investigation

    Stefan Hoops hailed proposal to pay €1mn to win business as ‘smart’ and ‘awesome’

  • Sunday, 14 May, 2023
    War in Ukraine
    Zelenskyy praises Germany’s €2.7bn military aid pledge to Ukraine

    Rheinmetall deal to repair western tanks in war-torn country also announced around president’s visit to Berlin

  • Sunday, 14 May, 2023
    German politics
    German Greens suffer worst result in more than 20 years in regional poll

    Nepotism allegations and outcry over planned law on carbon-free heating set party back in Bremen

  • Thursday, 11 May, 2023
    Adidas AG
    Adidas to sell Yeezy shoes and donate some of the proceeds

    German sports brand seeks to mitigate damage from ill-fated Kanye West partnership

  • Tuesday, 9 May, 2023
    Adidas AG
    Adidas to face pressure from big investor over Kanye West findings

    Group to be asked at annual meeting to disclose conclusions from probe into its handling of misconduct allegations

  • Friday, 5 May, 2023
    Adidas AG
    Adidas shares jump as new chief says China business has turned the corner

    Sales trends are improving in world’s second-largest economy, says Bjørn Gulden

  • Thursday, 4 May, 2023
    Inside BusinessAccountancy
    The paradoxical lessons from EY’s punishment over Wirecard

    Regulatory reform of the audit industry is still unfinished business

  • Tuesday, 2 May, 2023
    Asoka Wohrmann
    Ex-DWS chief Wöhrmann to lead struggling property group Patrizia

    Appointment comes less than one year after head of Deutsche Bank’s asset manager was ousted over greenwashing scandal

  • Monday, 1 May, 2023
    Deutsche Bank AG
    Deutsche Bank plans to beef up investment bank advisory team

    Expansion designed to prepare for dealmaking rebound and reduce reliance on fixed-income sales and trading

  • Friday, 28 April, 2023
    Deutsche Bank AG
    Deutsche Bank probes HR chief’s ill-timed bond purchase

    Regulatory disclosure shows Michael Ilgner bought debt during the ‘closed period’ before the lender’s results were released

  • Thursday, 27 April, 2023
    Deutsche Bank AG
    Deutsche Bank says it was hit by a ‘speculative attack’ during turmoil

    German lender’s clients pulled more than €7bn in late March after sharp drop in share price

  • Tuesday, 25 April, 2023
    Fintech
    Europe’s banks temper ambitions to challenge big US payments groups

    European Payments Initiative is launching a scaled back scheme after acquiring two fintechs

  • Monday, 24 April, 2023
    Axel Springer SE
    Axel Springer files criminal complaint against former top editor

    Publisher pursues ex-Bild editor Julian Reichelt — who was sacked for alleged misconduct — over data leaks

  • Monday, 24 April, 2023
    Adidas AG
    Adidas goes local as it fights to overcome crisis in China

    New China boss appeals to Chinese consumers with patriotic clothing lines

  • Friday, 21 April, 2023
    News in-depthMedia
    Mathias Döpfner becomes the story: the return of scandal at Axel Springer

    New book adds to pressure on chief of German media group after damaging leaks and allegations

  • Thursday, 20 April, 2023
    Bayer AG
    Activist investor ramps up pressure on incoming Bayer boss

    Bluebell Capital Partners calls for conglomerate’s break-up and boardroom reshuffle ahead of AGM

  • Thursday, 20 April, 2023
    N26
    How Germany’s top fintech is struggling to grow up

    N26’s strategic planning, leadership and governance in the spotlight

  • Wednesday, 19 April, 2023
    N26
    Allianz puts N26 stake up for sale at steep discount

    German insurance group values smartphone bank at as little as $3bn

  • Thursday, 13 April, 2023
    Wirecard AG
    Wirecard boss threatened ‘legal steps’ against KPMG over special audit

    Partner at Big Four firm says Markus Braun invited him skiing as he sought to water down probe

  • Wednesday, 12 April, 2023
    Deutsche Bank AG
    Deutsche Bank to close down its remaining IT operations in Russia

    German lender offers severance packages to 500 software specialists still employed in Moscow and St Petersburg

  • Wednesday, 5 April, 2023
    Bayer AG
    New Bayer chief says all options on table after investors push for break-up

    Conglomerate faces ‘unique challenges’ but separating pharma and agrichemical units not a done deal

  • Monday, 3 April, 2023
    EY
    EY banned by German audit watchdog over Wirecard work

    Big Four firm cannot take on listed companies as new clients for two years

  • Wednesday, 22 March, 2023
    Inside BusinessAccountancy
    EY, KPMG and the fallout of two accounting scandals

    What happens to companies that cannot secure an auditor to check their accounts?

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