4 days ago
N26 Investors Seek to Replace Co-CEOs After Regulator's Critique
By and Arno Schuetze
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Some investors in N26 are urging the German digital bank's two chief executive officers to step down, following fresh criticism of the firm from the country's financial regulator, according to people familiar with the matter.
The investors have proposed waiving some of their returns if Valentin Stalf and Maximilian Tayenthal are replaced, according to people familiar with the matter. While the two executives don't oppose that in principle, an ongoing sticking point is whether or not they join the N26 supervisory board, the people said, asking not to be identified discussing the private information.
