Overview

• Valentin Stalf is reported to leave the co-CEO post on Sept. 1 and Maximilian Tayenthal on Dec. 31, according to the Financial Times reporting cited by Business Insider.
• The FT also reports that supervisory board chair Marcus Mosen is in line to serve as interim CEO, with the decision not yet final and no comment from N26 or Mosen.
• A proposed settlement would move the founders onto the supervisory board and strip their special voting rights, with investors accepting lower returns as part of the compromise.
• German media describe years of friction with BaFin over risk controls, including a recent meeting where the founders were treated as part of the problem.
• Investor frustration has mounted over slowing product momentum and strategic missteps following aggressive expansion and internal reorganization.