Deutsche Bank vs Trade Republic

Deutsche Bank News: EIB Partnership, Record Q3 Profit, and More

Deutsche Bank's news page features several new press releases including a €560 million partnership with EIB for space businesses, record Q3 post-tax profit of €1.9 billion, SREP requirements lower for 2027, appointment by HKMA as Primary Liquidity Provider, and extension of partnerships with Zurich until 2042.

EIB and Deutsche Bank launch €560 million partnership to power Europe’s space businesses

Deutsche Bank reports record third-quarter post-tax profit of € 1.9 billion; EIB and Deutsche Bank launch €560 million partnership to power Europe’s space businesses; Deutsche Bank and DWS extend strategic partnerships with Zurich until 2042.

Deutsche Bank Posts Record Profit Driven by Investment Banking

Deutsche Bank reported a record pretax profit of approximately €2.6 billion for Q3 2026, up 8% year-over-year, exceeding analyst expectations. Net profit rose 2% to around €1.9 billion, with shareholders receiving nearly €1.6 billion. The investment banking division was the main growth driver, contributing about €1.1 billion pretax, a 12% increase. CEO Christian Sewing highlighted the third consecutive record quarter and expressed confidence in surpassing the 13% return on tangible equity target for 2028. The bank also expects to exceed €33 billion in full-year revenues. New strategic targets will be announced in January 2027.

• Deutsche Bank reports Q3 2026 pretax profit of €2.6 billion, up 8% year-over-year.
• Net profit after taxes reached €1.9 billion, with shareholders receiving €1.6 billion.
• Investment banking division contributed €1.1 billion pretax, a 12% increase.

Revolut to Offer Startup Investments via VC Fund from 2027

UK neobank Revolut plans to launch a venture capital fund, allowing its customers to invest in startups from 2027. The fund will be structured as an ELTIF, a regulated European investment vehicle, and will be managed by Carne Group. Investments will be available only to 'eligible' customers due to the high risk of capital loss. The fund will focus on late-stage tech startups prior to a potential IPO. This follows Revolut's earlier introduction of private markets funds in July 2026. The initiative comes from Revolut's internal innovation hub 'New Bets'. Competitors like Trade Republic and Scalable have not yet offered such a product.

• Revolut plans to launch a venture capital fund from 2027, allowing customers to invest in startups.
• The fund will be structured as an ELTIF and managed by Carne Group.
• Investments will be limited to 'eligible' customers due to high risk of capital loss.

Bafin Tightens Control Over Raisin

The German financial regulator Bafin has reclassified the Berlin-based fintech Raisin as a financial holding company, extending stricter oversight and higher capital requirements that previously applied only to its banking subsidiary. This move ends a prolonged resistance by Raisin's management, led by co-founder and CEO Tamaz Georgadze, against stronger regulatory oversight. The reclassification requires Georgadze to recalculate the business case for Raisin, which was last valued at approximately €3 billion. This change aligns Raisin with other major European fintechs like Trade Republic and Klarna, which have embraced banking status. The news was reported exclusively by manager-magazin.

• Bafin classifies Raisin as a financial holding company, extending stricter oversight beyond its banking subsidiary.
• The reclassification was made against the resistance of Raisin's management, including CEO Tamaz Georgadze.
• Raisin was last valued at approximately €3 billion.

Trade Republic Found Own Life Insurer for Retirement

Trade Republic, the Berlin-based neobroker, has established its own life insurer, Justinian Versicherungs AG, in Vaduz, Liechtenstein, after receiving a license from the local regulator FMA. The license covers traditional and unit-linked life insurance. This strategic move enables Trade Republic to offer a guaranteed version of the upcoming state-subsidized retirement savings account (Altersvorsorgedepot) in Germany, which will replace the Riester pension from 2027. The guaranteed version may incur a fee, unlike previously announced free variants. This expansion positions Trade Republic against traditional insurers like Allianz and Ergo, targeting security-conscious savers, while rival Scalable Capital avoids guarantees. Trade Republic reported €754 million in revenue for its 2024/25 fiscal year and a valuation of €12.5 billion, serving over 10 million customers.

• Trade Republic founded Justinian Versicherungs AG in Vaduz, Liechtenstein, and received a life insurance license from the FMA, covering traditional and unit-linked life insurance.
• The insurer enables Trade Republic to potentially offer a guaranteed version of the Altersvorsorgedepot, with returns of at least 80-100% of contributions, though it may carry a fee.
• The Altersvorsorgedepot is scheduled to launch in early 2027 as the successor to the Riester pension.