Quirin Privatbank

Private bank Quirin and its broker Quirion are migrating to a new IT infrastructure from Upvest to become more competitive with neobrokers like Revolut and N26. Investments of up to 20 million euros are planned for the migration of around 118,000 customers with over 11 billion euros in assets under management; the rollout begins in January and is due to be completed by mid‑2028. For the planned retirement savings depot, Quirion will reimburse customers for ETF product costs and additionally cover up to ten basis points of transaction costs to win market share. » More on handelsblatt.com

Private bank Quirin and its broker Quirion are investing up to 20 million euros in a new IT infrastructure running on fintech Upvest’s platform. The aim is to become more competitive with neobrokers like Revolut, N26 and Trade Republic and to offer the state‑subsidized retirement savings depot from January. Quirion will reimburse customers both the product costs of the two ETFs and any additional transaction costs, and plans a phased migration of new customers and existing assets through mid‑2028. The project affects around 118,000 customers with more than 11 billion euros in assets under management and is being described as the largest IT project in the company’s history. » More on handelsblatt.com

The management board of fox e-mobility, with the supervisory board's approval, has resolved to utilise authorised capital and intends to issue up to 7,328,930 new shares at a price of EUR 1.00 per share. Subscription rights will be offered indirectly to existing shareholders at a ratio of 1:10; the subscription period is expected to run from September 17 to October 2, 2025. Quirin Privatbank will take up the new shares for forwarding to shareholders. The company expects gross proceeds of up to EUR 7,328,930 and plans to use 80% of the funds for the development of a drivable concept vehicle by September 2026, with the remainder used to secure liquidity. Admission of the new shares to the open market in Düsseldorf, Berlin and Hamburg is planned for around October 20, 2025. » More on finanzen.net