trending Market Intelligence /marketintelligence/en/news-insights/trending/QfPwzCShoN3GokSqRvn-Fg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Timing of Deutsche Börse CEO probe questioned

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Timing of Deutsche Börse CEO probe questioned

Politicians have questioned the timing of a probe into Deutsche Börse AG CEO Carsten Kengeter's purchase of shares in the exchange ahead of merger talks with London Stock Exchange Group Plc, The Telegraph reported Feb. 2.

Meanwhile, the Frankfurt public prosecutor has expanded the ongoing investigation against Kengeter to the whole group and will probe whether Deutsche Börse informed shareholders about the planned merger with LSE early enough, Handelsblatt reported Feb. 6.

Prosecutors in the German state of Hesse raided Kengeter's office and apartment in the week of Jan. 30, seeking information about the purchase of some €4.5 million of shares that Kengeter acquired in the exchange in December 2015, the Telegraph noted. However, the purchase was disclosed at the time it was made, and is understood to have been required as part of Kengeter's employment obligations, the publication wrote, adding that Deutsche Börse and LSE also argue that they began merger talks in January 2016.

Chris Philp, a member of the influential House of Commons treasury select committee, questioned why the probe was launched so long after the purchase.

"On the face of it this share purchase seems to be completely above board," he reportedly said. "It was publicly disclosed at the time and was possibly a requirement of his employment."

Meanwhile, a spokeswoman for the prosecutor's office told Handelsblatt that the authority wants to make sure Deutsche Börse sent a required ad-hoc release in a timely manner to indicate that it and LSE were in talks. The release was sent Feb. 23, 2016, and the companies agreed to merge just under a month later.

Deutsche Börse has declined to comment because the investigation is ongoing.