Tag: Banking supervision
Greece: Hellas banks face new loan defaults
Plato statue and a Greek flag over Athens The Greek financial institutions have recently reduced the NPE ratio in a remarkable way. But the energy crisis is creating new concerns.…
Bafin uses special representatives at VTB Europe
The VTB Bank logo The European subsidiary of the second largest Russian bank was on the brink at the beginning of the Ukraine war, but has since stabilized. (Photo: Reuters)…
Biden unveils new Fed nominee for top banking regulator
Joe Biden The US President now nominates Michael Barr for the position of head of banking supervision. He had already worked under former President Barack Obama. (Photo: AP) Washington US…
Freiwald is apparently defending itself in court
Beatrice Freiwald The lawyer, whose contract runs until the beginning of 2024, has long been considered a shaky candidate in the authority. (Photo: Bernd Roselieb/BaFin) Frankfurt The Bafin Executive Director…
Russian bank VTB loses control of European subsidiary
The logo of the Russian VTB Bank The EU’s new package of sanctions also affects Russia’s second-largest bank. (Photo: Reuters) Frankfurt The German financial regulator Bafin has prohibited the major…
Moody’s lowers growth forecast for 2022
Moody’s headquarters in New York The rating agency warns of the consequences of the Russian war of aggression for banks. (Photo: Reuters) Frankfurt The protracted war in Ukraine has increasingly…
ECB calls for more banking experts in the control committee
apobank The Deutsche Apotheker- und Ärztebank should professionalize its supervisory board, demands the banking supervisory authority. So far, the body has included a number of doctors and pharmacists’ lobbyists. (Photo:…
Bundesbank: Warning of vulnerable real estate market
Joachim Wuermeling A turnaround in interest rates could become a heavy burden for the banks. (Photo: Deutsche Bundesbank) Frankfurt The Bundesbank is alarmed about the banks’ lending in the hot…
Bundesbank: Warning of vulnerable real estate market
Joachim Wuermeling A turnaround in interest rates could become a heavy burden for the banks. (Photo: Deutsche Bundesbank) Frankfurt The Bundesbank is alarmed about the banks’ lending in the hot…
Private bankers get more money, but are not entitled to work from home
Bank workers’ strike The Verdi union has reached a collective agreement with the private banks. (Photo: dpa) Frankfurt Collective bargaining for around 140,000 private bank employees in Germany is about…
Refugees should be able to exchange Ukrainian currency for euros
Refugees at Berlin Central Station So far, refugees from Ukraine have not been able to exchange their national currency for euros. The finance ministers now want to change that. (Photo:…
Four out of five board members resign
Frankfurt In the office building at Rüsterstraße 7-9 in Frankfurt’s Westend district, nothing is as it used to be. The lettering of the company based there is covered with metal…
Russian bank VTB is putting its European branch up for sale
The VTB Bank logo The VTB direct bank is a branch of the VTB Bank Europe SE and is under the supervision of the Bafin. (Photo: Reuters) Frankfurt What’s next…
Savings banks are examining bad banks for troubled state banks
Liana Buchholz The 57-year-old is traded within the Sparkassen-Finanzgruppe as a possible successor to DSGV boss Helmut Schleweis. Muenster The savings banks want to avoid having to save troubled state…
Savings banks are examining bad banks for troubled state banks
Liana Buchholz The 57-year-old is traded within the Sparkassen-Finanzgruppe as a possible successor to DSGV boss Helmut Schleweis. Muenster Even 15 years after the outbreak of the global financial crisis,…
Italy’s financial regulator imposes a freeze on new customers for direct banks
Frankfurt N26 is again in trouble with the authorities: the Italian financial regulator on Monday prohibited the Berlin neobank from taking on new customers until further notice, as N26 explained.…
N26: Italy’s financial regulator imposes a freeze on new customers
Frankfurt N26 is again in trouble with the authorities: the Italian financial regulator on Monday prohibited the Berlin neobank from taking on new customers until further notice, as N26 explained.…
Frustration among customers of the VTB Bank subsidiary
VTB Bank in Frankfurt VTB Direct Bank is a branch of VTB Bank Europe. (Photo: Jan Huebner) Frankfurt “How do I get my money?” Many VTB direct bank customers are…
Banks expect influx of Ukrainian refugees
Sparkasse logo on the roof of the Alexanderhaus The Berliner Sparkasse expects numerous bank accounts to be opened for Ukrainian refugees. “We are preparing for a larger rush and are…
Like Deutsche Bank, Commerzbank is reducing its business in Russia
Deutsche Bank Relatively low exposure to Russia. (Photo: dpa) Frankfurt Like its big German competition, Commerzbank is now reducing its new business in Russia. “We have stopped new business in…