Tag: Banks
Former Fortis banker extradited to Germany
Frankfurt skyline The former banker is in custody in the Main metropolis. (Photo: Reuters) Cologne A few days after his arrest in Mallorca, the Spanish authorities extradited the banker H.…
Corona frustration is forcing Asia’s financial world to move
Bangkok For decades, there was little choice for the exclusive meetings of Asia’s financial elite but Hong Kong’s posh five-star hotels. Anyone wanting to gather the continent’s leading private equity…
Europe’s banks are defying recession fears – but there are also losers
Frankfurt, Paris, Rome, Zurich Despite all the fears of recession and inflation in Europe, Europe’s banks made surprisingly good earnings in the first half of the year. Several institutes have…
Credit Suisse slides deeper and deeper into the crisis – Ulrich Körner takes over as CEO
Zurich Commenting on quarterly balance sheets is actually not one of the tasks of a chief supervisor. Nevertheless, Axel Lehmann, the Chairman of the Board of Directors of Credit Suisse,…
Credit Suisse slides deeper and deeper into the crisis – Ulrich Körner takes over as CEO
Zurich Commenting on quarterly balance sheets is actually not one of the tasks of a chief supervisor. Nevertheless, Axel Lehmann, the Chairman of the Board of Directors of Credit Suisse,…
Credit Suisse slides deeper and deeper into the crisis – Ulrich Körner takes over as CEO
Facade of the Credit Suisse bank The global uncertainty weighs on the mood of bank customers across Europe. (Photo: imago images/Geisser) Zurich Endless crisis at Credit Suisse: The second largest…
Fund company DWS with less surplus
The consolidated result fell by a tenth compared to the same quarter of the previous year to 155 million euros. DWS announced this on Wednesday. The fund house cites the…
Credit Suisse slides deeper and deeper into the crisis – Ulrich Körner takes over as CEO
Facade of the Credit Suisse bank The global uncertainty weighs on the mood of bank customers across Europe. (Photo: imago images/Geisser) Zurich Endless crisis at Credit Suisse: The second largest…
Credit Suisse makes Ulrich Körner the new CEO
Facade of the Credit Suisse bank The global uncertainty weighs on the mood of bank customers across Europe. (Photo: imago images/Geisser) Zurich The crisis-plagued Credit Suisse is changing its CEO…
Deutsche Bank moves away from key targets for 2022
Deutsche Bank headquarters The mix of geopolitical risks and fears of inflation is also affecting Germany’s largest bank. (Photo: dpa) Frankfurt For a long time, Deutsche Bank defended its return…
How climate risks threaten the financial system
Frankfurt natural disasters and climate change can trigger dangerous chain reactions in the financial system. This applies above all in the event of a disorderly transition to a climate-neutral economy.…
UBS down, European banks generally under pressure
Zurich The situation of the European banks has not gotten any easier in the past few weeks. In addition to the geopolitical risks and concerns about inflation, fears of a…
UBS falls short of expectations despite profit growth
UBS branch The bank clearly sets itself apart from rival Credit Suisse. (Photo: Bloomberg) Zurich The mix of geopolitical risks and concerns about inflation is also affecting UBS’s business. The…
Commentary: Banks – hiring freezes and austerity programs. The rest of the year will be tough
Julius Baer headquarters in Zurich The Swiss bank has just announced a hiring freeze. Similar cuts could also threaten other financial institutions. (Photo: Reuters) When many economic crisis symptoms reinforce…
State banks and their controllers in politics betray the taxpayers
What we haven’t been through with the German state banks. For a long time they were a figurehead, as they promoted German medium-sized companies with loans that private banks were…
Real estate buyers are on strike, politicians are alarmed
Mortgage strike worsens real estate crisis More and more homebuyers in China are refusing to pay their mortgages until their homes are completed. (Photo: Bloomberg) Beijing The real estate buyer’s…
How Landesbanken reached into the state coffers
Peter Tschentscher (left) and Norbert Walter-Borjans Hamburg’s mayor and the ex-WestLB supervisory board were poorly informed about the cum-ex transactions of their state banks. (Photo: dpa, Imago, PR [M]) Dusseldorf…
How Landesbanken reached into the state coffers
Peter Tschentscher (left) and Norbert Walter-Borjans Hamburg’s mayor and the ex-WestLB supervisory board were poorly informed about the cum-ex transactions of their state banks. (Photo: dpa, Imago, PR [M]) Dusseldorf…
15 billion euros income with call money for banks
Bank towers in Frankfurt The European Central Bank is expected to hike interest rates this week. The German credit institutions can count on increasing income in the overnight money business…
Financial service provider ranking: The best banks 2022
Tiny House by Schwäbisch Hall The building society wants to reach younger target groups. (Photo: dpa) Cologne What does the dream house of youth look like? The building society Schwäbisch…