Deutsche Bank and Unicredit invest $55 million in Wefox’s latest funding round.

German insurance technology group, Wefox, has secured $55 million in fresh funding from Deutsche Bank and UniCredit, according to anonymous sources familiar with the deal. The company, which sells insurance plans through an online platform, raised the funds in a debt financing deal from the two European lenders. The funding was structured as a convertible…

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Third quarter sees 8% decline in Deutsche Bank’s net profit, surpassing expectations

Deutsche Bank Reports Third-Quarter Net Profit of $1.06 Billion, Despite Challenges Deutsche Bank, a prominent German lender, announced on Wednesday its third-quarter net profit of 1.031 billion euros ($1.06 billion). This figure slightly exceeded expectations, despite an 8% decline compared to the previous year and ongoing struggles within the bank’s investment unit. Analysts had anticipated…

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Wind energy stocks plummet as turbine problems persist — with a myriad of challenges remaining

Supply-Chain Reliability Issues Plague Wind Energy Giants Ahead of Quarterly Earnings Reports As major players in the wind energy sector prepare to release their quarterly earnings reports, concerns over supply-chain reliability have taken center stage. Siemens Energy made headlines earlier this year when it abandoned its profit forecast and issued a warning about costly failures…

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