Brief: Baader Bank: Cooperation Partner Scalable Capital Will Operate With New And Expanded Business Model

Baader Bank AG

10/12/2024 05:59

Dec 10 (Reuters) - Baader Bank AG  BLMG.DE :
    * BAADER BANK'S COOPERATION PARTNER SCALABLE CAPITAL
ANNOUNCED
TODAY THAT COMPANY WILL OPERATE WITH A NEW AND EXPANDED BUSINESS
MODEL FROM NOW ON
    * THIS STEP RESULTS IN A NEW COMPETITIVE MARKET ENVIRONMENT
FOR
BAADER BANK
    * COOPERATION PARTNER WILL BE ABLE TO PROVIDE SERVICES
COMPARABLE
TO BAADER BANK FROM A REGULATORY PERSPECTIVE
    * STEP WILL NOT HAVE ANY IMMEDIATE IMPACT ON BAADER BANK'S
ACCOUNT
AND SECURITIES ACCOUNT CUSTOMERS WHO ARE CURRENTLY LINKED TO
SCALABLE CAPITAL
    * BAADER BANK WILL PUBLISH A DETAILED PRESS RELEASE IN DUE
COURSE

Source text:  ID:nEQ3B1CQca 
Further company coverage:  BLMG.DE 

 (Reporting by Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))