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Scalable Capital, a Munich-based fintech firm, has raised €155 million (US$169 million) in its largest funding round to date, bringing total investments to over €470 million. Founded in 2014, the company has evolved from a robo-advisor to a full-stack investment platform, serving over one million customers managing more than €30 billion in assets. The new funding will support its platform development and expansion across Europe, capitalizing on the growing retail investing market.
Germany is considering a 10% digital service tax on major tech companies like Google and Facebook, led by Chancellor Friedrich Merz. This proposal aims to address the significant revenue these firms generate in Germany while contributing minimally in taxes, aligning with a global trend of taxing digital giants. However, it may provoke international backlash, particularly from the U.S., which has threatened tariffs against countries imposing such taxes.
Raiffeisen Bank shares have been impacted by geopolitical turmoil and new tariff threats from the USA, leading to losses in the banking sector of 0.6% to 1.5%. Despite this, the stock has gained 39% since the start of the year, indicating underlying strength. The future performance hinges on the stabilization of global trade relations.
BNP Paribas remains a market leader and is well-capitalized, though it experienced a 4.47% decline recently. In the weekly performance, Commerzbank led with a 2.52% increase, while Sberbank faced a significant drop of 67.53%. Year-to-date, Societe Generale saw the highest gain at 78.49%.
Barclays has initiated coverage on Wienerberger ($WBSV) with an "overweight" rating and a target price of €42, highlighting the company's strong position in Europe's recovering residential construction market and potential for significant upside due to volume recovery and ECB rate cuts. Additionally, Barclays investors have reached a $19.5 million settlement related to claims of over-issuance of securities.
UniCredit S.p.A. reached a new 52-week high of $32.63, with a trading volume of 366,547 shares. Analysts have mixed views, with Goldman Sachs upgrading the stock to a "strong-buy," while Keefe, Bruyette & Woods downgraded it to "hold." Despite a current Buy rating, top analysts suggest five other stocks may be better investments.
Raiffeisen Bank International is expanding its presence in Central and Eastern Europe with the launch of 16 new turbo certificates on the Bucharest Stock Exchange and a significant role in a €545 million loan for fiber manufacturer Lenzing. This strategic move highlights the bank's strong position in the region and its commitment to modernizing infrastructure, including technology upgrades in Bosnia-Herzegovina and Hungary. Currently trading at €26.66, the bank's shares have surged over 40% this year, prompting discussions on whether to buy or sell.
Three years ago, Raiffeisen shares were priced at EUR 12.39. An investment of EUR 10,000 would have resulted in 807.103 shares, now valued at EUR 21,533.49, reflecting a 115.33% increase based on the latest price of EUR 26.68. The company's market value stands at EUR 8.75 billion.
Raiffeisen Bank International (RBI) has successfully migrated its Bosnian subsidiary to the Temenos core banking platform, marking a significant step in its digital transformation strategy. This transition aims to enhance banking efficiency, standardize IT infrastructure, and support innovative digital services across the Group. Analysts view this move as a potential driver for higher margins in Eastern Europe, reinforcing RBI's competitive edge in the digital banking landscape.
Raiffeisen Bank dd Bosnia-Herzegovina has upgraded its core retail banking operations to a cloud-based platform from Temenos, utilizing Red Hat’s OpenShift hybrid cloud infrastructure. This transition aligns the bank with Raiffeisen Bank International’s broader digital strategy, enhancing operational efficiency and scalability while replacing legacy systems. The project, executed in collaboration with Tech Mahindra, aims to improve internal processes and prepare for future growth in the Bosnian market.
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scalable capital secures 169 million funding to expand investment platform in europe
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Ing. A. Dielissen Bouwkundig werk
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10:30 04.06.2025
Germany proposes 10 percent digital service tax on major tech companies
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04:40 30.05.2025
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13:22 24.05.2025
Barclays Initiates Coverage on Wienerberger Amid Housing Market Recovery
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UniCredit Reaches New 52 Week High Amid Analyst Upgrades and Downgrades
11:58 23.05.2025
Raiffeisen Bank Expands Market Presence with New Products and Major Loan Deal
10:40 23.05.2025
Raiffeisen Shares Surge 115 Percent Over Three Years for Investors
10:03 23.05.2025
Raiffeisen Bank Completes Core Banking Migration to Temenos Platform in Bosnia
13:20 22.05.2025
Raiffeisen Bank Bosnia-Herzegovina Implements Cloud-Based Core Banking System Upgrade
10:57 22.05.2025
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