Overview
- CFO Arnd Schwierholz will serve as interim leader after both founders step back from day-to-day roles.
- UBS executive Mike Dargan has been selected as incoming sole CEO but remains contractually bound to his current employer for months.
- BaFin in December imposed extra capital demands, business limits including a Netherlands mortgage new‑business ban, and reappointed a special commissioner.
- The regulator had previously fined N26 €9.2 million in 2024 for delayed anti–money‑laundering reports and capped monthly customer growth.
- A still-unsigned investor deal would reduce founders’ special rights, with some backers accepting lower returns agreed at their 2021 entry.