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German executives unite against anti-woke rhetoric and macho culture

German executives are rallying behind DWS CEO Stefan Hoops, who warned against the rise of "anti-woke" rhetoric that could lead back to a "Wolf of Wall Street" mentality. His LinkedIn post, which emphasizes zero tolerance for sexual harassment and equal opportunities, has garnered significant support from leaders in the financial sector ahead of the upcoming national election.

Raiffeisen Bank lowers return on equity forecast amid Polish loan provisions

Raiffeisen Bank International (RBI) has revised its return on equity (ROE) guidance for 2024 to approximately 7.5%, down from 10%, following the booking of 493 million euros in provisions for mortgage loans in Poland. The bank"s net interest income, including operations in Russia and Belarus, slightly increased to 1.46 billion euros in the third quarter, amid subdued business activity. RBI continues to face challenges in Russia, where a court has frozen its shares, complicating efforts to exit the market.
08:00 29.10.2024
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