Tag: Credit unions
Buyer found for Signature Bank
Signature Bench The New York bank is taken over by the Community Bancorp. (Photo: AP) new York The US deposit insurance FDIC has found a buyer for the failed Signature…
Savings banks write off eight billion euros on securities
Frankfurt The German savings banks have to make historically high value adjustments on their own investments due to the rapid rise in interest rates. At the end of last year,…
Current account: Passwords should become more complicated
Frankfurt The Volks- und Raiffeisenbanken want some of their customers to make their own passwords for online banking more secure. The corresponding online banking PIN should be as long and…
Volksbanken and Raiffeisenbanken have to write off almost six billion
Maria Kolak According to the BVR President, the high write-downs of the Volksbanks are only temporary (Photo: Uta Wagner for Handelsblatt) Frankfurt The abrupt turnaround in interest rates is weighing…
Volksbanken and Raiffeisenbanken have to write off almost six billion
Maria Kolak According to the BVR President, the high write-downs of the Volksbanks are only temporary (Photo: Uta Wagner for Handelsblatt) Frankfurt The abrupt turnaround in interest rates is weighing…
Digital euro could stress smaller banks
Frankfurt The possible introduction of a digital euro is making the German banking industry nervous. One of the reasons: If too many customers use the digital euro and if this…
Pre-tax profit at 1.8 billion euros
Headquarters of DZ Bank in Frankfurt’s Westend Tower For the current year, the DZ Bank Group expects a result of 1.5 to 2 billion euros. (Photo: dpa) Frankfurt The cooperative…
Volksbanks dismantle almost 2,000 ATMs
Blasted ATM in Hamburg The wave of ATM demolitions will not decrease in 2023 either. In the first seven weeks of this year there were already around 70. In the…
Volksbanks dismantle almost 2,000 ATMs
Blasted ATM in Hamburg The wave of ATM demolitions will not decrease in 2023 either. In the first seven weeks of this year there were already around 70. In the…
Why many small banks are currently less profitable than large institutions
Frankfurt The abrupt turnaround in interest rates by the European Central Bank divides the German banking industry into two camps. On the one hand, institutes like Commerzbank and Deutsche Bank,…
Volksbanks and Raiffeisenbanks want to reform the security system
Volks- und Raiffeisenbank (VR) The German cooperative banks are considering adjusting their security scheme again. It should take the risks of individual financial institutions even more into account. (Photo: imago…
Savings banks in Baden-Württemberg have to write off almost one billion euros on securities
Savings banks in Baden-Württemberg In 2022, interest income at institutions rose again for the first time in years. (Photo: dpa) Stuttgart The savings banks were hit hard by the price…
Financial regulator examines some small banks more closely
housing The financial regulator Bafin takes a closer look at some credit institutions with their own real estate holdings. (Photo: dpa) Frankfurt The financial supervisory authority Bafin examines the real…
Interest on overnight money? None at most savings banks
Frankfurt Although the prime and deposit rates in the euro zone have risen significantly, almost two-thirds of German credit institutions have so far not paid any interest on call money.…
Financial investor EQT gives up plans to join Schufa
Schufa headquarters in Wiesbaden EQT has tried so far to build a minority stake of 20 to 25 percent. The Swedes are now abandoning these plans. (Photo: picture alliance /…
Apobank again loses a board member
Alexander Mueller The corporate customer board is leaving Apobank at the end of June at their own request. (Photo: Apobank) Frankfurt The pharmacist and doctor’s bank (Apobank) does not come…
Banks and savings banks terminate current accounts
Frankfurt If banks and savings banks want to raise the fees for current accounts, they need the explicit consent of their customers. Many credit institutions write to those who have…
Many Volksbanks go into a merger
Volksbank-Raiffeisenbank and Sparkasse There are still many mergers among both cooperative banks and savings banks. The shortage of staff could drive mergers in the future. (Photo: IMAGO/Michael Gstettenbauer) Frankfurt There…
Evaluation of customer data: cooperative banks wrestle with data protectionists
Frankfurt In view of more online banking and fewer branch visits, the cooperative banks jump on the trend towards data-driven customer contact and set up their own data company. According…
Cooperative banks are considering increasing their stake in Schufa
Schufa Schufa was founded in 1927 as a “protection group for general loan security”. (Photo: dpa) Frankfurt The German cooperative banks are considering taking over further shares in the credit…