Tag: Banking supervision
Bafin boss insists on a quick solution to the IT problems at Postbank
Mark Branson “Postbank must now solve this quickly,” said the head of the financial regulator Bafin. (Photo: dpa) Berlin The head of the German financial regulator Bafin, Mark Branson, is…
Claudia Buch becomes the new head of the ECB Banking Supervision
Claudia Buch According to insiders, the economist had the support of ECB President Christine Lagarde. (Photo: imago images/IPON) Frankfurt, Berlin Claudia Buch is likely to become the top bank controller…
Bafin is now also criticizing deficiencies in construction financing
Frankfurt Julia and Stefan Fischer actually wanted to move into their new single-family home in the Brück district of Cologne with their three-year-old daughter last Monday. But nothing came of…
Credit demand from companies collapses
View of the ECB and Frankfurt’s banking skyline The interest rate hikes by the European Central Bank (ECB) are significantly dampening demand for credit. (Photo: dpa) Frankfurt European companies took…
Banks are tightening their criteria for loans to climate sinners
lignite mining Many banks want to further tighten their regulations for climate-damaging companies. (Photo: dpa) Frankfurt The climate compatibility of companies is apparently playing an increasing role in their lending…
UBS ticks off Archegos scandal for Credit Suisse
UBS subsidiary Credit Suisse The scandal surrounding Archegos and his manager Bill Hwang caused Credit Suisse a loss of five billion US dollars in mid-March 2021. (Photo: Reuters) Zurich UBS…
Private bank closes account of unwelcome Brexit champion Nigel Farage
Nigel Farage outside 10 Downing Street The private bank Coutts does not want to comment on the reasons for the account closure. (Photo: Reuters) London Politically, Nigel Farage no longer…
Deutsche Bank has to pay a fine again – the US central bank imposes a fine of millions
Deutsche Bank in Frankfort The bank said it has invested heavily in transaction controls since 2019. (Photo: IMAGO/Jan Huebner) New York, Frankfurt The US Federal Reserve has imposed a fine…
Reduced chances for chief post at ECB banking supervision
Claudia book The economist is currently Vice President of the Bundesbank. (Photo: imago images/IPON) Frankfurt Bundesbank Vice President Claudia Buch has suffered a setback in the race for the post…
Deutsche Bank discusses dual role of US board with ECB
Stephen Simon The manager will also lead the business in the USA in the future. (Photo: imago/Sven Simon) Frankfurt The recent restructuring of the management board at Deutsche Bank raises…
Goldman earnings halved as investment banking doldrums and writedowns
Goldman Sachs The money house showed a profit of 1.07 billion dollars for the months of April to June. (Photo: Reuters) new York Goldman Sachs’ quarterly profit fell sharply due…
Deutsche Bank is likely to be targeted again by the ECB over FX swaps
Deutsche Bank headquarters in Frankfurt am Main Only a few months ago, the Frankfurt-based company completed an internal investigation into derivative swaps. (Photo: dpa) Frankfurt Deutsche Bank has drawn renewed…
Bafin extends conditions against N26 – Fintech is only allowed to grow to a limited extent
N26 logo The German financial supervisory authority still sees some catching up to do in the area of money laundering at the Berlin smartphone bank. (Photo: Reuters) Frankfurt N26 continues…
Data leakage is now also the concern of the financial regulator
The financial regulator Bafin is concerned with data leaks at banks and insurers The Comdirect, which is part of Commerzbank, also confirmed that criminals had access to customer data. (Photo:…
China apparently wants to fine Ant Financial billions
Ant Group In 2020, the financial group had to cancel the planned IPO at the last minute. (Photo: Bloomberg) Hong Kong According to insiders, the Chinese authorities will sentence Ant…
UK savers to get higher interest rates
London Britain’s top bankers are getting a lot to hear these days. Just two weeks ago, Treasury Secretary Jeremy Hunt summoned the chief executives of the UK’s leading banks. On…
UK savers to get higher interest rates
London Britain’s top bankers are getting a lot to hear these days. Just two weeks ago, Treasury Secretary Jeremy Hunt summoned the chief executives of the UK’s leading banks. On…
N26 collects information about its own users
N26 logo Customers currently have to answer a few questions from the smartphone bank. (Photo: dpa) Frankfurt N26 currently seems to be catching up on what the Berlin smartphone bank…
Financial regulator Bafin is examining higher liquidity buffers for banks
Bafin President Mark Branson “Double vulnerability in the system”: Customers park their savings for a shorter period of time and, thanks to the digitization of the banking business, can also…
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…