Tag: Banking supervision
Swiss financial regulator Finma examines revelations
CreditSuisse Over 30,000 account records have been evaluated by an international network of journalists. (Photo: dpa) Zurich The publication of customer lists by Credit Suisse, on which autocrats and criminals…
ECB urges banks to be more sustainable
Frankfurt The banking supervisors of the European Central Bank (ECB) are urging Europe’s major banks to step up their pace when it comes to climate protection. “This year we want…
Financial supervisors identify deficiencies at Grenke and tighten capital requirements
Grenke headquarters The company said it had now launched an extensive project to further develop the organization. (Photo: dpa) Frankfurt The financial regulator Bafin has tightened the capital requirements at…
Financial sector: Regulation puts Europe’s banks at a disadvantage
Frankfurt Europe’s banks fare poorly in a global comparison. The diagnosis is not new, but what exactly are the reasons for this finding? A new study by the Bearing Point…
Financial Stability Board warns against cryptocurrencies
Bitcoin sign in El Salvador Bitcoin is approved as an official means of payment in the Latin American country. (Photo: Reuters) Frankfurt The Basel Financial Stability Board (FSB), an international…
When will the consolidation in Europe’s banking sector come?
The logo of the major Italian bank Unicredit Rumors persist that Unicredit boss Andrea Orcel is planning to take over the smaller competitor BPM. (Photo: Reuters) Is it finally happening…
Credit Suisse fined $81 million in the US
According to a law firm in the USA, the Swiss bank Credit Suisse has agreed to pay 81 million dollars after allegations of unfair collusion. In addition, the bank is…
Abuse of office by the Bafin in the Wirecard case unproven
BaFin The investors demanded from the Bafin compensation between 3000 and 60,000 euros. (Photo: dpa) Frankfurt In the Wirecard case, the Frankfurt Regional Court considers the allegation of abuse of…
That Russia risk of European banks
Raiffeisen Bank in Moscow The total commitment in Russia adds up to 22.85 billion euros. The credit volume amounts to more than eleven billion euros. (Photo: BLOOMBERG NEWS) Frankfurt, Paris,…
Banks receive no funding for the new EU payment system.
Christian Lindner The Finance Minister supports the establishment of a new EU payment system, but does not want to allocate any funding for it. “The innovation must come from the…
How BaFin wants to track down systematic misconduct
Berlin A few months ago, the financial regulator Bafin tried out an instrument that was new to her: With the anonymous test purchases (mystery shopping) made possible by the legislator,…
Neobank Solarisbank is growing rapidly – Bafin sends special auditors
Solaris bank The headquarters of the Neobank in Berlin. (Photo: Solarisbank) Frankfort, New York It’s the second hard move against a finance startup in a short amount of time, albeit…
EU Commissioner McGuinness threatens banks: Don’t bet against me
Mairead McGuinness The EU Financial Markets Commissioner wants to talk to Finance Minister Christian Lindner on Friday about the introduction of a European deposit insurance scheme. (Photo: Reuters) Frankfurt In…
Rebellion against “green nuclear power” – Handelsblatt Morning Briefing
Aggression promotes aggression promotes aggression – the logic of every conflict can be observed in the case of Ukraine. US President Joe Biden has 8,500 soldiers on increased readiness against…
The new boss Mark Branson is turning financial supervision upside down.
Mark Branson The new Bafin President is a qualified mathematician and acts in a sober and fact-driven manner. “Sometimes he reminds you of Angela Merkel,” says a Bafin insider. (Photo:…
Don’t be afraid of big bonuses
Goldman Sachs headquarters in New York The US investment bank wants to pay its employees a third more for 2021 than a year ago. (Photo: Bloomberg) Is it all starting…
Commerzbank and several Spanish banks are exiting
Frankfurt, Madrid The European payment system EPI, which was launched with great hopes, will at best be launched as a slimmed-down version. More and more financial institutions have doubts about…
Commerzbank and several Spanish banks are exiting
Frankfurt, Madrid The European payment system EPI, which was launched with great hopes, will at best be launched as a slimmed-down version. More and more financial institutions have doubts about…
The Bafin is rightly slowing down real estate loans
Construction cranes in downtown Frankfurt In the future, banks will have to set aside more equity for mortgage lending. That criticizes the financial industry. (Photo: dpa) Frankfurt A targeted stab…
Financial supervision takes action because of the overheated real estate market
New home construction The rise in prices on the residential property market worries the Bundesbank and the financial supervisory authority Bafin. You want to prevent excessive lending. (Photo: dpa) Frankfurt…