Tag: Electronic payments
First calls for Russia to be excluded from the Swift payment system
Moscow Russian banks would have to switch to other systems if they are decoupled from Swift. (Photo: Bloomberg) Brussels, Frankfurt, Berlin, Stockholm The West’s punitive measures are said to hit…
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…
Digital currencies come under pressure as Bitcoin falls below $40,000
The financial regulator Bafin has private investors in mind Risks of investing in crypto assets and investment tips on social media. Enthusiastic reports about Bitcoin, Ether and Co. were circulating…
Bank apparently had autocrats and criminals as customers
CreditSuisse Over 30,000 account records have been evaluated by an international network of journalists. (Photo: dpa) Munich, Berlin According to a media report, the Swiss bank Credit Suisse has accepted…
How gamblers play with the Dax
Dusseldorf Extreme price fluctuations, such as those recently experienced by the food delivery service Delivery Hero, whose shares are down around 37 percent on a monthly basis, are not uncommon…
Digital currencies come under pressure as Bitcoin falls below $40,000
The financial regulator Bafin has private investors in mind Risks of investing in crypto assets and investment tips on social media. Enthusiastic reports about Bitcoin, Ether and Co. were circulating…
How Jan Marsalek made 315 million euros disappear
It was the biggest deal Wirecard has ever completed. In 2015, the then German model company bought the Indian payment processor Hermes for 315 million euros. The board celebrated a…
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…
Adyen increases profit – share increases significantly
Frankfurt The Dutch payment service provider Adyen, so far mainly active in Europe, is aiming for global business. Company boss Pieter van der Does told the Handelsblatt: “We are in…
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…
Warth & Klein becomes Grant Thornton
Warth & Klein boss Michael Häger The auditor has led the Düsseldorf company as CEO since 2019. (Photo: Warth & Klein Grant Thornton) The names of the two founders will…
Aldi, Amazon & Co.: price-performance ranking 2022
Tiktok meets Aldi Süd The “Elevator Boys” play in an Aldi promotional video on the Tiktok platform. (Photo: Aldi Süd) Cologne It was rather bad news that the US payment…
Why the world needs cryptocurrencies – a defense speech
Bitcoin, Ether and Co. Cryptocurrencies sometimes serve as a corrective that reveals weaknesses in the existing system (Photo: Reuters) Frankfurt For years, Afghan entrepreneur Roya Mahboob paid her employees in…
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…
Savings banks rely on customers not knowing
savings bank In the dispute over the right interest rate for long-term savings contracts, the savings banks have not yet approached their customers. Only a fraction of savers fight in…
Bitcoin, Ethereum & Co: Nobody needs cryptocurrencies
cryptocurrencies (Photo: imago images/Eibner) In an interview a good ten years ago, the conservative US economist Thomas Sowell compared the US Federal Reserve (Fed) to an ulcer. When asked if…
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…
Mark Zuckerberg apparently abandons crypto project Libra
Facebook CEO Mark Zuckerberg The Facebook group, which now operates under the name Meta, is involved in the Libra digital currency project. (Photo: AP) New York, Dusseldorf Mark Zuckerberg wanted…
Accountants invest billions in digital technology
Dusseldorf Are robots the better auditors? The bosses of the large auditing companies still answer this provocative question with a “no”. But PwC, KPMG, EY and Deloitte have long been…