German floats set for calmer waters

Bankers have downplayed the difficulties faced by German flotations, despite truck parts maker SAF-Holland cutting its Frankfurt listing by more than half and other companies trading poorly on their stock market debuts.

SAF-Holland today cut its Frankfurt listing by 55% from €370m ($512m) to €165m, citing difficult market conditions.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink