Tag: Savings banks
Savings banks are examining bad banks for troubled state banks
Liana Buchholz The 57-year-old is traded within the Sparkassen-Finanzgruppe as a possible successor to DSGV boss Helmut Schleweis. Muenster Even 15 years after the outbreak of the global financial crisis,…
Termination if negative interest is not approved
In the meantime, other financial institutions have taken the step or are about to do so. Postbank has terminated some customers’ accounts because they did not agree to negative interest…
The savings banks are doing away with comfortable pensions for board members
Frankfurt It’s almost a ritual. Every time a high-ranking savings bank official speaks up, he complains about the European Central Bank’s policy of negative interest rates. “The low and negative…
Almost 27,000 accounts for refugees
savings banks The German savings banks have started to open large-scale accounts for Ukrainians. So far there are around 27,000. (Photo: dpa) Frankfurt The German savings banks have started to…
Savings banks see the Ukraine war as a “turning point”
Frankfurt The savings banks fear that the Ukraine war will put a heavy strain on companies and consumers in Germany. “There will be significant second and third round effects,” said…
Savings banks see the Ukraine war as a “turning point”
Sparkasse lettering Despite the pandemic and low interest rates, the savings banks achieved a “respectable result” in Schleweis’ assessment in 2021. (Photo: dpa) Frankfurt The German savings banks fear that…
Deutsche Leasing stops new business in Russia
Savings bank subsidiary Deutsche Leasing In the past financial year, new business in Russia accounted for one percent of all new business. (Photo: Deutsche Leasing) Frankfurt The savings bank subsidiary…
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…
Financial investors are considering the sale of Hamburg Commercial Bank
Frankfurt A deal worth billions is emerging on the German banking market: according to financial circles, the owners of Hamburg Commercial Bank (HCOB) are considering selling the money house. The…
13 banks & payment service providers are sticking with the EPI payment solution
Payments on the Internet EPI’s goal was to create its own payment system in order to become more independent of powerful US corporations such as Mastercard, Visa and Paypal. (Photo:…
Postbank terminates certain checking accounts
postal bank Postbank terminates the current accounts of customers who do not agree to the bank’s current prices and conditions. (Photo: dpa) Frankfurt Postbank is the first large private customer…
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)…
More savings banks are ready for additional payments
Frankfurt The German savings banks are making a turn in dealing with controversial payments from premium savings contracts. More and more savings banks are at least open to paying customers…
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…
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…
Savings banks in Baden-Württemberg earn well despite the corona crisis
Savings Bank in Stuttgart The savings banks seem to be coping well with the corona pandemic. (Photo: dpa) Frankfurt The savings banks in Baden-Württemberg are fighting the corona crisis for…
Savings banks are asking the ECB to change course
Helmut Schleweis The savings bank president fears higher inflation in the longer term. (Photo: dpa) Frankfurt The Savings Banks expect inflation to remain high. In clear words, Sparkasse President Helmut…
NRW consumer center is suing the Sparkasse am Niederrhein
savings bank Adjust terms and conditions, but do not reimburse any fees: The consumer advice center of North Rhine-Westphalia is suing the Sparkasse am Niederrhein. (Photo: Julian Stratenschulte/dpa) Frankfurt 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…