Porsche AG will generate about €1 billion ($1.16 billion) selling its stake in the venture that owns the Bugatti supercar brand as the German manufacturer tries to become leaner.

European banks’ increasing use of synthetic risk transfers has a bigger impact on the dividends they pay shareholders than the loans they grant to companies, according to researchers at the European Central Bank.

Deutsche Bank AG Chief Executive Officer Christian Sewing warned of populism and polarization ahead of an election in an eastern Germany state on Sunday where a far-right party is poised to secure a victory.

Private markets funds are set to wait longer than other asset managers to tap an influx of investors in the wake of Germany’s €500 billion ($580 billion) pension reform.

Deutsche Bank AG is stepping up its use of artificial intelligence with the adoption of a new Google Cloud service as it seeks to generate more revenue and keep a lid on costs.

One of the biggest reforms in Germany’s pension system since Chancellor Otto von Bismarck founded it in the late 19th century is about to hand modern fund managers a new empire of cash to deploy.

Germany is turning to capital markets to help fix its creaking retirement system.

Europe’s top banks want to earn more from the debt-fueled artificial intelligence boom, while seeking ways to limit and offset exposures to the red-hot sector.

German financial watchdog BaFin said financial companies that engaged in two controversial strategies to game dividend taxes are facing related legal and fiscal liabilities of as much €7.01 billion ($7.99 billion).

German prosecutors filed their first charges linked to a €300 million ($343 million) global payment-fraud that allegedly duped millions of credit card holders in a scam that enlisted the help of payment company executives.

Zalando SE is being investigated by Germany’s financial regulator after failing to note in its annual report that Danish billionaire and biggest shareholder Anders Holch Povlsen also held a stake in a company it bought last year.

Hendrik Riehmer helped turn the world’s second-oldest lender from a wealth manager catering to affluent families into an investment bank competing for deals in London and New York.

Europe’s top banking regulator said watchdogs should rely more on banks to calculate how big of a safety cushion they need on top of their minimum capital requirements.

The European Central Bank has doubled the number of banks covered by a probe into links with private credit, as the sector faces a slump in investor confidence.

France, Italy and Spain are proposing a package of reforms that would ease the way for banks doing cross-border business in Europe, according to documents seen by Bloomberg News.

Deutsche Bank AG may set aside more money than analysts had expected for loan losses in the three months through June as it cleans up its balance sheet.

European insurers and pension funds would likely be hit harder than banks by fallout from losses in the private credit industry, the European Central Bank said after simulating a “severe” shock to the market.

The European Securities and Markets Authority has drawn up a shortlist of six candidates to lead the watchdog that’s set to be handed beefed-up powers.

Germany’s top financial regulator will step up pressure on insurers to address shortcomings in private credit investments and issued a warning on an asset class increasingly marketed to retail clients.

The European Central Bank said burgeoning private markets could support a push by politicians in the region to channel savings into investments needed to modernize the economy.