Tag: Credit unions
How savings banks and Volksbanks ensure foreign payments
Frankfurt Savings banks and cooperative banks want to equip the popular Girocard, formerly known as the “EC card”, with a new function on a large scale. This is how you…
EPI payment project on the verge of collapse: even savings banks have doubts
People’s Bank and Savings Bank There is contention in the struggle to set up a European payment system, EPI. Savings banks go to the cooperative banks. (Photo: picture-alliance / ZB)…
DZ Bank withdraws from the joint project
DZ Bank in Frankfurt The central institution of the Volks- und Raiffeisenbanken is withdrawing from the European Payments Initiative. (Photo: dpa) Frankfurt The construction of a new EU payment system…
Without ECB negative interest, some financial institutions are cutting custody fees
Frankfurt The European Central Bank (ECB) has nurtured hopes of an imminent turnaround in interest rates. Step by step, it should then also do without the negative interest rates for…
Savings banks and Volksbanks will abolish the SMS-Tan in 2022
People’s Bank and Savings Bank Cooperative banks and savings banks want to abolish the SMS-Tan as a security procedure in online banking this year. (Photo: picture-alliance / ZB) Frankfurt Both…
Matthias Schellenberg will start as the new boss in March
Matthew Schellenberg From March on, the ex-Merck Finck board member will take over the cooperative bank. (Photo: Apobank) Frankfurt The Apotheker- und Ärztebank (Apobank) has found a new boss. Matthias…
Savings banks and comrades want to hold shares
Schufa in Berlin With an annual turnover of more than 200 million euros and an operating margin of almost a third, Schufa is highly profitable. (Photo: dpa) Frankfurt According to…
Savings banks and comrades want to hold shares
Schufa in Berlin With an annual turnover of more than 200 million euros and an operating margin of almost a third, Schufa is highly profitable. (Photo: dpa) Frankfurt According to…
Sparkasse women’s quota: Hardly any women on Sparkasse boards
Savings bank Only a few women are on the boards of directors of savings banks – that will not change in 2021 either. (Photo: imago images / Future Image) Frankfurt…
Bain trusts German banks with a ten percent return
Frankfurt After the pandemic year 2020, the return on equity of German credit institutions should recover significantly this year. This is the conclusion of the management consultancy Bain in a…
Apobank boss Ulrich Sommer leaves prematurely and abruptly
Ulrich Sommer Has been Chairman of the Board of Management of Deutsche Apotheker- und Ärztebank since September 1, 2017. (Photo: apoBank) Frankfurt The Apotheker- und Ärztebank (Apobank) abruptly loses its…
Over 150 companies advertise corona vaccination
Vaccination campaign by 150 companies The campaign by the Berlin agency Antoni is the largest campaign to date on the subject of corona vaccinations in Germany. Dusseldorf More than 150…
Banks: Number of cooperative banks drops to 775
Volksbank The number of cooperative banks in Germany continues to decline. There are currently 775. (Photo: action press) Frankfurt After the corona crisis slowed the pace of mergers at Volksbanks…
What does the traffic light mean for German banks?
Volksbank and Sparkasse The coalition agreement of the future governing parties provides relief for savings banks and cooperative banks. A ban on commission-based advice is not planned. (Photo: picture-alliance /…
Savings banks and Volksbanks can breathe a sigh of relief
Volksbank and Sparkasse The coalition agreement of the future governing parties provides relief for savings banks and cooperative banks. A ban on commission-based advice is not planned. (Photo: picture-alliance /…
Berlin Regional Court considers negative interest to be inadmissible
Frankfurt The dispute over negative interest rates on current and overnight money accounts is entering a new round – with a current verdict. Accordingly, the approach of the German financial…
Online banks and neo brokers are particularly benefiting from the stock boom
App of the neobroker Trade Republic Neo brokers like Trade Republic and online brokers like Comdirect and ING are particularly benefiting from the securities boom in Germany. Comparatively few new…
Baden-Württemberg consumer advice center is suing two banks
At the end of September she filed a lawsuit against the Sparda-Bank Baden-Württemberg (Az. 11 O 482/21) at the Stuttgart Regional Court and at the beginning of October against the…
Savings banks and Volksbanks ally in a struggle with the Bafin
This emerges from a letter from the Federal Association of Volks- und Raiffeisenbanken (BVR), which is available to the Handelsblatt. “In the meantime, together with the German Savings Banks and…
Victory on points against Bafin – “Effenberg-Bank” can keep boss
Stefan Effenberg The VR-Bank Bad Salzungen Schmalkalden made headlines three years ago when it hired ex-national player Stefan Effenberg as a specialist in football financing. (Photo: Bongarts / Getty Images)…