Selby Jennings Deutschland

N26 Exits America After Tumultuous Period for the Fintech Sector

LogoThe past year has been a difficult time for those in the financial services industry. Even burgeoning areas such as fintech have faced challenges. Germany's N26 digital bank is one of those that has had to remain flexible in the face of change as the year has continued. Almost two and a half years ago N26 launched its operations in America but as of November this year the digital bank announced that it was scaling back and shutting down its base in the US. There are currently 500,000 N26 customers in America and, as of January 2022, those customers will no longer be able to access the digital bank's app. At its most recent funding round, N26 - which is based in Berlin - was valued at $9 billion. Nevertheless, the bank's exit from the US follows on from it leaving the UK market earlier this year, something that N26 blamed on Brexit.

Hedge Funds Venture Into Energy Sector Amidst Crisis

LogoWhile the European energy crisis has caused a lot of issues for suppliers and consumers there are some who have found a way to profit from the challenging situation. In particular, hedge funds that ventured into natural gas and German electricity have done incredibly well - one shooting up by 40%. Shortage fears have been behind the significant increase in gas prices in recent months - some funds that were able to make sizable moves in European electricity have seen profits soar.

The 'Greenwashing' of European Banks

LogoWith COP26 currently under way, sustainability and climate commitments are at the top of the agenda. There are some clear challenges for European banks when it comes to changing the way that existing investments are managed to funnel resources towards more sustainable choices. This is something that has been highlighted by a recent report that revealed that many well-known European banks, including HSBC, BNP Paris and Deutsche Bank are still investing tens of millions of Euros in firms that are involved in deforestation.

Consolidation Across the European Banking Sector

LogoConsolidation in the European banking sector is something that has become a hot topic since the start of the year. Deutsche Bank's Chief Financial Officer James von Moltke said in a speech over the summer that the German bank sees the logic in the need for mergers and acquisitions in the sector in Europe, and also that the current job at hand is to prepare for that outcome.

Deutsche Bundesbank Warning over Cyber Security

LogoDigitisation is something that remains an uphill struggle for many institutions in the banking and financial services sector. Now, Bundesbank has set out to highlight that this could be a specific challenge for German banks as part of its regular monthly report. The institution warned that the fast pace of technological innovation has the potential to create difficult situations for many banks in the German sector.

The German Market Proves to Be Ever-Appealing to Foreign Investors

LogoFunds from private and institutional investors in the EU and UK are totalling €13.6 trillion according to the European Central Bank, with an additional €3.2 trillion in assets. The largest market for UCITS and AIFs is Germany, claiming 23% of the share, followed closely by Italy. This highlights Germany as an incredibly attractive investment market within Europe. Overseas fund companies are even more enticed by the German and Italian markets when cross-border business in concerned, with a total of 68% of foreign fund assets launched attributed to Germany and Italy.

What Does the Modern-Day Compliance Career Involve

LogoThe size and scope of the compliance role has grown significantly over the previous decade. Major financial institutions have made significant investments in the area, creating a plethora of possibilities for compliance professionals. Fighting financial crime, preventing money laundering, and putting an end to human and animal trafficking are just a few of the high-profile, important objectives that compliance professionals work toward. The financial services industry is at the forefront of these issues. Because criminals must leverage the financial system to carry out their crimes, financial institutions, such as banks, are virtually the vanguard in combating wrongdoing.

Institutional Funds in Germany Planning to Invest Substantial Amounts in Cryptocurrency Commodities

LogoGerman institutional investors may open up another frontier for Bitcoin investment, continuing a recent trend in which more and more organisations are looking for opportunities in the industry.

Quant Recruiters and the Age of Volatile Markets

LogoOver the course of the past 10 years, smart investment sections have been tough due to the market's easy categorisation of low interest rates, low volatility levels that have experienced periodic surges. When we look back at what has happened in the financial markets over the last decade, one of the most significant factors we have experienced is the age of low or even zero interest rates.

Security Concerns the Most Significant Obstacles for Institutional Investors

LogoA recent survey of institutional investors and wealth managers from the United States, United Kingdom, France, Germany, and the United Arab Emirates, who collectively manage $275 billion in assets revealed that security concerns about digital assets and custodial services are a 'significant hurdle' preventing many from investing in crypto assets for the first time.