Tag: Banks & credit institutions
More interest, more bankruptcies – banks are preparing for difficult times
New York, Frankfurt For months, the mix of energy crisis, high inflation, impending recession and fears of war left the balance sheets of European banks almost untouched. Now the major…
Goldman Sachs wants to merge investment banking and trading
Goldman Sachs lettering Cost overruns and failure to meet profitability targets in the consumer lending business had created dissatisfaction within the bank. (Photo: Reuters) new York According to the Wall…
More interest, more bankruptcies – banks are preparing for difficult times
New York, Frankfurt For months, the mix of energy crisis, high inflation, impending recession and fears of war left the balance sheets of European banks almost untouched. Now the major…
Credit Suisse is preparing to sell several businesses
CreditSuisse The sale involves, among other things, a share in the stock exchange operator SIX. (Photo: dpa) Bangalore According to a newspaper report, the crisis-ridden major bank Credit Suisse is…
US banks earn significantly less
JP Morgan Chase & Co. The largest US bank made 43 percent less revenue in the investment banking business than in the previous year. (Photo: Reuters) New York, Frankfurt At…
Bank President Sewing is pushing for a future plan for Germany
Christian Sewing The president of the banking association demands that Germany should also use fracking and nuclear power. (Photo: dpa) Washington Christian Sewing has experience with large restructuring projects. After…
US banks earn significantly less
JP Morgan Chase & Co. The largest US bank made 43 percent less revenue in the investment banking business than in the previous year. (Photo: Reuters) New York, Frankfurt At…
Bank of England confirms end of support – yields rise
Bank of England To reassure investors, the British central bank had only announced the purchase of inflation-linked securities on Tuesday. (Photo: Reuters) Frankfurt The British central bank has countered speculation…
Obliged to help with mobilization: German banks also affected
Ukraine War – Russia Russian recruits are drafted. Are German banks making themselves the Kremlin’s henchmen? (Photo: dpa) German and other European banks that are still active in Russia, as…
Smartphone bank N26 is growing despite Bafin requirements & wants to enter the crypto business
Frankfurt The Berlin smartphone bank N26 remains on course for growth despite tough conditions imposed by the financial regulator Bafin. “In 2022 we assume that we will increase sales by…
Why fixed deposit accounts are worth it again
20 euro bills Interest rates on fixed-term deposit accounts have been rising rapidly since spring. (Photo: Fotosphere – stock.adobe.com) Munich FMH-Finanzberatung has been comparing interest rates for decades. “One percent…
Credit Suisse launches multi-billion dollar bond buyback
CreditSuisse With the buyback that has now been announced, the bank is signaling that it has sufficient liquid funds. (Photo: Reuters) Zurich The crisis-plagued Credit Suisse wants to regain the…
New corporate strategy by the end of October
Zurich The top management of Credit Suisse (CS) around CEO Ulrich Körner is working Sunday and night shifts these days. The top management is working almost around the clock on…
New corporate strategy by the end of October
Zurich The top management of Credit Suisse (CS) around CEO Ulrich Körner is working Sunday and night shifts these days. The top management is working almost around the clock on…
ING announces the end of zero interest rates
Frankfurt A few weeks after the interest rate hike by the European Central Bank (ECB), ING in Germany started the fight for customers’ savings deposits. From December 6, the interest…
Credit Suisse is struggling with the departure of top wealth managers in Asia
Five to twelve at Credit Suisse The troubled Swiss bank has placed a lot of hope in the Asian market. Now, of all places, additional unrest is coming from there.…
Credit Suisse must now act quickly
The Credit Suisse signature “History does not repeat itself, but it rhymes”, the aphorism often ascribed to the American poet Mark Twain naturally also applies to financial crises. When the…
Short sellers extend bets against major Swiss bank
Zurich After the Credit Suisse share fell to a new record low on Monday, the price has stabilized again. On Tuesday, the shares of the major Swiss bank increased by…
Credit default insurance for Credit Suisse rises in price to a record high – the share slips to a record low
Zurich Credit Suisse is becoming the problem child of the financial markets: On Monday, so-called credit default swaps (CDS), which investors use to insure themselves against the default of Credit…
This is how the banking house Metzler survived the centuries
Bankhaus Metzler The money house, founded in 1674, has always been privately owned. Frankfurt The Frankfurt Bankhaus Metzler has survived many crises, including the most severe ones. And that was…