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Olaf Storbeck

Frankfurt correspondent
Email Olaf Storbeck @olafstorbeck  on Twitter (link opens in a new browser window)
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  • Wednesday, 18 May, 2022
    European banks
    UniCredit and Commerzbank merger talks derailed by Ukraine war

    Italian and German chief executives scheduled talks earlier this year but shelved tie-up

  • Tuesday, 17 May, 2022
    ADLER Group SA
    KPMG ditches troubled German real estate group Adler as audit client

    Move comes after Big Four firm refused to sign off company’s 2021 results

  • Tuesday, 17 May, 2022
    The Big Read
    Deutsche Bank looks to escape a decade of scandal and strife

    For Paul Achleitner’s successor the priority will be restoring the financial health of the German lender ahead of a round of European banking mergers

  • Wednesday, 11 May, 2022
    Allianz SE
    Allianz sets aside extra €2bn for US asset management scandal

    Total costs over Allianz Global Investors’ ‘structured alpha’ fund settlements rise to €5.6bn

  • Friday, 6 May, 2022
    Adidas AG
    Adidas cuts guidance as China lockdowns bite

    Quarterly sales slide amid supply chain disruption, store closures and rising costs

  • Thursday, 5 May, 2022
    Wirecard AG
    Munich court opens door to reclaim dividends from Wirecard investors

    Collapsed payment group’s annual statements declared invalid in landmark ruling

  • Thursday, 5 May, 2022
    Archegos Capital Management
    Archegos considered becoming Deutsche Bank’s biggest shareholder via HNA stake

    Family office, which has since collapsed, believed information was shared on behalf of German lender’s chair

  • Monday, 2 May, 2022
    ADLER Group SA
    Adler shares plunge 45% after KPMG refuses to sign off results

    Co-chief and three board members resign as Big Four firm says it was denied access to crucial documents

  • Friday, 29 April, 2022
    Property sector
    KPMG refuses audit opinion on embattled real estate group Adler

    Rare move pushes German property company deeper into crisis

  • Friday, 29 April, 2022
    Deutsche Bank AG
    German authorities raid Deutsche Bank in money laundering investigation

    Lender says move on Frankfurt headquarters is linked to suspicious activity reports

  • Friday, 29 April, 2022
    Reckitt Benckiser Group PLC
    Reckitt Benckiser price rises help offset falling demand for disinfectants

    UK consumer products group among several companies that have started passing on commodity cost increases to customers

  • Thursday, 28 April, 2022
    Wirecard AG
    EY Germany to cut staff workloads in post-Wirecard overhaul

    Big Four firm promises to address ‘permanent occupational stress and overburdening’ of its auditors

  • Wednesday, 27 April, 2022
    Deutsche Bank AG
    Deutsche Bank profits hit highest level in almost a decade

    Bank also warns that risks from Ukraine war are growing

  • Monday, 25 April, 2022
    Bill Gates
    Gates-backed company accused of firing whistleblowers

    US-listed Ecolab also praised ‘integrity’ of compliance culprit

  • Friday, 22 April, 2022
    ADLER Group SA
    KPMG finds compliance and governance flaws at German property group Adler

    Forensic investigation uncovered impairment risks but found no evidence of fraud

  • Friday, 22 April, 2022
    German economy
    Bundesbank warns Russian gas embargo would cost Germany 5 per cent in lost output

    Central bank says sudden disruption of supplies to EU could trigger sharp recession this year

  • Thursday, 14 April, 2022
    Wirecard AG
    German spies shunned offer to meet Wirecard fugitive Jan Marsalek in Moscow

    Intelligence service feared approach last year by middleman with suspected links to Russia’s FSB agency was a trap

  • Wednesday, 13 April, 2022
    Corporate governance
    Why German CEOs are a problem for the corporate sector

    The postwar governance structure has given stability but is now so ossified it hinders change

  • Tuesday, 12 April, 2022
    Deutsche Bank AG
    Deutsche shares slide after Capital Group dumps €1.27bn stake

    Commerzbank stock also falls after investor sells €475mn share

  • Monday, 4 April, 2022
    Financial fraud
    Former German tax inspector charged with €279mn tax fraud

    Trial of Hanno Berger is part of the so-called ‘cum-ex’ scandal that has rocked the German establishment

  • Wednesday, 30 March, 2022
    Germany
    Germany and Austria plan for gas rationing over payment stand-off with Russia

    Berlin activates emergency law as west refuses to comply with Moscow’s demand for roubles

  • Monday, 28 March, 2022
    EU energy
    G7 rejects Russian demand for energy payments in roubles

    Putin’s call for oil and gas deals to be paid in Russian currency would ‘violate contracts’, German energy minister says

  • Friday, 25 March, 2022
    Deutsche Bank AG
    Former boss of world’s largest sovereign wealth fund to join Deutsche Bank’s board

    Nomination of Yngve Slyngstad represents vote of confidence in lender’s efforts to end years of underperformance

  • Thursday, 24 March, 2022
    FT News Briefing podcast8 min listen
    Ukraine’s army of volunteers

    Russia to switch gas invoicing to roubles for European buyers

  • Wednesday, 23 March, 2022
    FT InvestigationsInside Wirecard
    Wirecard: the case against Markus Braun

    The former chief executive of the German payments company that went bust with debts of €3bn faces fraud charges

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