Tag: Bank-related institutions
This is how President Lagarde explains the tenth interest rate increase in a row
The central question is also asked right at the beginning: Does today’s increase mean the end of the interest rate hike cycle? Lagarde remains cautious and refers to the content…
EU Commission declares data protection in the USA to be sufficient
EU Commission President Ursula von der Leyen Von der Leyen and US President Joe Biden announced an agreement in principle on data protection issues in spring 2022. (Photo: dpa) Brussels…
Data leak also affects customers of the direct banks ING and Comdirect
ING Bank logo According to the Dutch bank, a low four-digit number of customers who used the statutory account switch were affected by a hacker attack at a service provider.…
What will change for bank customers?
card payment Newly issued giro cards will soon no longer have a Maestro function. (Photo: IMAGO/Shotshop) Frankfurt Consumers in Germany are increasingly paying with the Girocard, better known by its…
What will change for bank customers?
card payment Newly issued giro cards will soon no longer have a Maestro function. (Photo: IMAGO/Shotshop) Frankfurt Consumers in Germany are increasingly paying with the Girocard, better known by its…
The benefit of the digital euro is small, the effort immense
Economy, Euro symbol at Willy Brandt Platz The euro may also be available as a digital currency in the future. Many details in the considerations are still open. (Photo: Blatterspiel/Jan…
The digital euro is to become legal tender
Digital Euro According to the ideas of the EU Commission, the digital euro should become legal tender – just like cash. (Photo: imago images/Christian Ohde) Frankfurt, Brussels The digital euro…
Banks will continue to issue Girocards with a Maestro function for the time being
The Maestro logo can still be found on many Girocards Mastercard is phasing out the Maestro feature for international payments. The banks have to convert their Girocards from July, Deutsche…
Deutsche Bank tightens construction financing and cuts hundreds of jobs
Deutsche Bank At the end of last year, the institute issued residential real estate loans totaling 182 billion euros. (Photo: AP) Frankfurt Deutsche Bank is streamlining its mortgage lending business.…
The ECB is going into the cloud – also with US corporations, and that is causing discussions
ECB headquarters The central bank wants to move more applications to the cloud. (Photo: Blatterspiel/Jan Huebner) Brussels, Dusseldorf When modernizing its IT, the European Central Bank (ECB) wants to move…
Viktoria Schütz’s difficult journey into her parents’ company
Victoria Schuetz The 38-year-old studied global management and marketing and lives in Berlin and in the Rhön. Dusseldorf Deguma-Schütz is a machine builder in the 5,000-inhabitant village of Geisa in…
Around 15 million Girocards will be able to go online
savings bank Six savings banks have already started or completed the conversion to Girocards with an additional Mastercard function. (Photo: SZ Photo) Frankfurt In the next six months, many Sparkasse…
EU clears Microsoft’s acquisition of Activision
Microsoft and Activision Blizzard According to the European Commission, the deal does not undermine Microsoft’s competition. (Photo: Reuters) Frankfurt The European Union has given the green light to the biggest…
DMG Mori wants to prevent the use of its machines for military purposes
DMG Mori DMG Mori emerged from the merger of the Japanese company Mori Seiki and the German company Gildemeister. (Photo: dpa) Berlin According to a media report, one of the…
Bafin comparison portal for banks will not go into operation until 2024
Change bank details if the institute is too expensive? With the planned Bafin portal, citizens should get an overview of the conditions of credit institutions, for example for transfers, cash…
60 percent of purchases are paid in cash
money in the till Customers used cash, especially for smaller amounts. (Photo: dpa) Frankfurt Consumers in Germany still prefer to pay with cash. 59.4 percent of all transactions at the…
14 million Visa debit cards in Germany
Visa logo Banks in Germany have issued 14 million Visa debit cards. (Photo: imago images/Silas Stein) Frankfurt The US payment group Visa has almost tripled the number of its debit…
Media industry: Bertelsmann sells call center subsidiary Majorel
Thomas Rabe The Bertelsmann boss has sold the call center holding Majorel. (Photo: Bertelsmann) Dusseldorf Bertelsmann sells its call center investment Majorel to the market leader Teleperformance from France. The…
European banks will start their own payment service in 2024
Pay by smartphone The European Payments Initiative (EPI) plans to start mobile-to-mobile payments in 2024, with other mobile payments to follow. (Photo: Moment/Getty Images) Frankfurt A new alternative to Visa…
European banks want to start their own payment service in 2024
Frankfurt A total of 16 European financial service providers, including Deutsche Bank and the savings banks, want to start a new European payment system at the beginning of next year.…