Overview

• Warburg will cut about 150 full-time positions by 2027, shrinking its workforce from roughly 550 to 400.
• The privately held bank intends to discontinue its capital market business and has opened negotiations with employee representatives on the changes.
• Its annual surplus plunged to €1 million in the latest fiscal year from €10 million in 2023, highlighting mounting financial pressure.
• In 2021, the Federal Court of Justice ruled that Cum-Ex transactions amount to tax evasion, intensifying scrutiny over the bank’s involvement.
• Warburg has acknowledged flawed assessments in its 2007–2011 Cum-Ex trades and settled corresponding tax claims in the scandal’s aftermath.