Delegation from the Montréal financial centre on a working visit to Frankfurt
Representatives of the financial centers Montréal and Frankfurt met in Frankfurt for a working visit and discussed the future of their further cooperation.
Banking market: foreign banks beat local institutions
Germany’s banking market is undergoing a transformation: foreign banks and specialists achieve a return on equity of 10.4%, while local institutions are at 4%. 2022 was a record year with operating income of 138 billion euros and 15% more interest income. Nevertheless, the industry faces challenges such as digitalization, balance sheet management and staff development. By 2030, 30% of staff will retire due to age.
Financial centre Frankfurt overtakes Paris
Frankfurt has overtaken Paris in the global financial center ranking, the Global Financial Centres Index (GFCI), by the Z/Yen Group. Participants in the survey believe the city will play a more important role in the future.
Companies tighten austerity – investments focus on AI and transformation
In view of persistently high inflation, a mixed economic outlook, high energy prices and considerable geopolitical tensions, more and more German companies are putting planned major investments on hold.
WAIFC’s Global Footprint and Commitment to Sustainability: Hubertus Vaeth Reflects on Achievements as Co-founder
Hubertus Vaeth addresses the challenges faced by Frankfurt Main Finance, in the third quarter of 2023. During this interview, it is also highlighted the notable achievements of the World Alliance of International Financial Centers (WAIFC) and he shares his objectives as a co-founder.
Hubertus Väth on partnership with Finance Montréal: promoting cooperation on sustainability standards
Finance Montréal and Frankfurt Main Finance have signed a Memorandum of Understanding to support the Global Baseline in Sustainability Reporting of the International Sustainability Standards Board (ISSB). Green and Sustainable Finance Cluster Germany Managing Director Michael Schmidt spoke with FMF Managing Director Hubertus Väth about the background.
Montréal, Canada
In 2023, the financial centers Finance Montréal and Frankfurt Main Finance signed a Memorandum of Understanding to foster common interests and develop further collaboration.
Finance Montréal and Frankfurt Main Finance jointly sign statement of intent to support ISSB
Today, the two financial centre initiatives signed a joint statement of intent to support the Global Baseline in Sustainability Reporting by the ISSB. Montréal and Frankfurt are both home to the ISSB’s offices.
Casablanca Finance City and FMF joint event in Casablanca
Casablanca Finance City (CFC) and Frankfurt Main Finance (FMF) collaborated, alongside the German-African Business Association, to strengthen business cooperation between the Eurozone and Africa in green and sustainable finance as well as FinTech.
International Financial Event Sibos comes to Frankfurt in 2025
Excellent news for Frankfurt am Main as a financial and trade fair location: one of the most important major international events in the financial sector, Sibos, consisting of a conference, exhibition and networking formats, has been won for the location.
