German digital bank N26 has chosen a chief executive amid new regulatory sanctions. Mike Dargan, currently group executive board member for UBS, will become N26’s new CEO starting in April 2026, pending regulatory approval, the company announced Monday (Dec. 15). “Dargan is a seasoned international...
Germany’s financial regulator is reportedly warning banks of risks from unclear ties between artificial intelligence companies. “We’re currently observing the development of both vertical and horizontal connections which are hard to see into from the outside,” Nikolas Speer, the head of banking supervision at BaFin, said at...
A German regulator has fined JPMorgan Chase $51 million for money laundering prevention deficiencies. Germany’s Federal Financial Supervisory Authority, otherwise known as BaFin, announced the apparently record fine Thursday (Nov. 6), saying the banking giant had “systematically” failed to file timely suspicious activity reports between October 2021 and September 2022....
Four years after the collapse of online payments company Wirecard, German prosecutors have reportedly charged two more of the firm’s former executives. Wirecard’s former finance chief, Alexander von Knoop, and its former board member for product development, Susanne Steidl, have been charged with several counts...
July 29, 2026
Germany’s financial regulator wants to pay closer attention to the banking sector’s artificial intelligence (AI) use. This move by the Federal Financial Supervisory Authority (BaFin), announced Wednesday (July 29), comes after the watchdog was granted new powers under the European Union’s AI Act. “We will look into how banks, insurers and other financial entities use […]
December 15, 2025
German digital bank N26 has chosen a chief executive amid new regulatory sanctions. Mike Dargan, currently group executive board member for UBS, will become N26’s new CEO starting in April...
December 04, 2025
Germany’s financial regulator is reportedly warning banks of risks from unclear ties between artificial intelligence companies. “We’re currently observing the development of both vertical and horizontal connections which are hard...
November 06, 2025
A German regulator has fined JPMorgan Chase $51 million for money laundering prevention deficiencies. Germany’s Federal Financial Supervisory Authority, otherwise known as BaFin, announced the apparently record fine Thursday (Nov. 6), saying the banking giant...