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Top related persons:
Arne Dedert - 2 Olaf Scholz - 1 — - 1 theBoris Rhein's - 1 Friedrich Merz - 1 Hesse - 1 Robert Lambrou - 1 Carsten Brzeski - 1
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Getty - 2 Union - 1 Christian Social Union - 1 Christian Democratic Union - 1 ARD - 1 CSU — - 1 Free - 1 Greens - 1

Search resuls for: "Arne Dedert"


5 mentions found


☆ Germany's conservatives set to win state elections with far-right making gains
  + stars: | 2023-10-08 | by ( Hannah Ward-Glenton | ) www.cnbc.com   time to read: +2 min
Photo: Arne Dedert/dpa (Photo by Arne Dedert/picture alliance via Getty Images)Germany's conservative opposition was slated to win two state elections while the far-right gained ground on Sunday, exit polls showed, halfway into the government of social democratic Chancellor Olaf Scholz. The two states were led by the main opposition Union alliance that reunites the Christian Social Union party and the Christian Democratic Union. In Hesse, theBoris Rhein's CDU had led as part of a coalition with the Greens — and was set to win 35.5% of votes, exit polls showed. Here, too, AfD strengthened its presence, from 13.1% of votes previously to 16% on Sunday. The ruling Social Democratic Party is expected to gain 16% in Hesse and 8.5% in Bavaria.
Persons: Arne Dedert, Olaf Scholz, —, theBoris Rhein's, Friedrich Merz, Hesse, Robert Lambrou Organizations: Getty, Union, Christian Social Union, Christian Democratic Union, ARD, CSU —, Free, Greens, Google, Social Democratic Party, CNBC Locations: Frankfurt, Hesse, Germany, Bavaria, Munich
☆ German regulator warns of a 'nervous time' for banks, predicts stress in the property market
  + stars: | 2023-05-09 | by ( Silvia Amaro | ) www.cnbc.com   time to read: +1 min
Photo: Arne Dedert/dpa (Photo by Arne Dedert/picture alliance via Getty Images)Germany's financial regulator on Tuesday warned that the country's banking system is undergoing a real-life stress test amid the current volatility, also predicting significant weakness for the commercial property sector. Pressures facing the sector have intensified as many central banks push up their benchmark rates, leading to specific market dislocations. Mark Branson, president of the German regulator BaFin (Federal Financial Supervisory Authority), told CNBC that Germany has seen the same impacts from higher rates as many other nations around the world. He said that the German banking system "has taken some pain," but highlighted that there is "no systemic danger" and the financial system has managed to absorb the impacts of higher rates well. However, problems can arise when banks take on additional risk and fail to keep up with a continued and sharp increase in rates.
☆ Euro zone economy ekes out 0.1% growth in first quarter, misses expectations as Germany stagnates
  + stars: | 2023-04-28 | by ( Jenni Reid | ) www.cnbc.com   time to read: +3 min
The print came in below analyst expectations, with a Reuters poll of economists previously forecasting quarterly growth of 0.2%. The economy expanded by 1.3% on an annual basis, just missing an outlook of 1.4%. Earlier this month, statistics agency Eurostat had revised down its fourth-quarter 2022 gross domestic product estimate for the euro zone from 0.1% quarterly growth to zero, following 0.4% expansion in the third quarter. The slight first-quarter growth signal comes as economic performance contends with persistently high inflation. Irish GDP was a notable weak spot, declining by 2.7% on the previous quarter, while Portugal's economy grew by 1.6%.
Persons: Arne Dedert, Carsten Brzeski, Destatis, Emmanuel Macron's Organizations: Getty, Eurostat, ING, European Central Bank, Deutsche Bank, ECB Locations: Frankfurt, Ukraine, Germany, Europe
☆ A year in Azerbaijan: From the Grand Prix to the ski slopes
  + stars: | 2023-04-27 | by ( Words Cnn Staff | Photo Illustrations Woojin Lee | ) edition.cnn.com   time to read: +18 min
CNN —Anyone who has tuned in to the Azerbaijan Grand Prix has seen a tantalizing glimpse of what the capital Baku has to offer. This year’s Grand Prix comes at the height of spring, often said to be Azerbaijan’s most beautiful season. Juan Vilata/Alamy Stock Photo Explore Azerbaijan in spring Prev NextSummers in Azerbaijan are hot, so getting out of the city is a good idea. Alexander Melnikov/Alamy Stock Photo Explore Azerbaijan in fall Prev NextWrap up, because even at its coldest Azerbaijan still has plenty to offer. You’ll learn much more at the Azerbaijan National Carpet Museum in Baku.
☆ Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads
  + stars: | 2023-03-24 | by ( Elliot Smith | ) www.cnbc.com   time to read: +4 min
In this article 0H7D-GB Follow your favorite stocks CREATE FREE ACCOUNTA general meeting of Deutsche Bank Arne Dedert | picture alliance | Getty Imageswatch nowDeutsche Bank underwent a multibillion euro restructure in recent years aimed at reducing costs and improving profitability. German Chancellor Olaf Scholz told a news conference in Brussels Friday that Deutsche Bank had "thoroughly reorganized and modernized its business model and is a very profitable bank," adding that there is no basis to speculate about its future. 'Just not very scary' Some of the concerns around Deutsche Bank have centered on its U.S. commercial real estate exposures and substantial derivatives book. To be crystal clear - Deutsche is NOT the next Credit Suisse." 'Fresh and intense focus' on liquidity Credit Suisse's collapse boiled down to a combination of three causes, according to JPMorgan.
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