Tag: Savings banks
Around 15 million Girocards will be able to go online
savings bank Six savings banks have already started or completed the conversion to Girocards with an additional Mastercard function. (Photo: SZ Photo) Frankfurt In the next six months, many Sparkasse…
The savings banks can’t do it without a dispute over state banks
savings bank The savings banks have come through the low-interest phase well. They are solid and a bit boring. When it comes to state banks, however, disputes quickly arise. (Photo:…
Savings Bank President Schleweis emphasizes the proximity of Savings Banks and Landesbanken
Helmut Schleweis The head of the German Savings Banks and Giro Association emphasizes that close cooperation with savings banks is crucial for state banks. (Photo: dpa) Hanover Against the background…
Lower Saxony escalates dispute with savings banks about NordLB’s future
NordLB in Hanover The Landesbank’s commission income increased by 28 percent to EUR 46 million. (Photo: dpa) Hanover In the dispute over the future direction of NordLB, which has been…
Savings banks and Lower Saxony are getting closer in the dispute over the future of NordLB
NorthLB Many savings banks are critical of the Landesbank’s growth course. (Photo: dpa) Hanover, Frankfurt The owners of NordLB want to settle their dispute about the future orientation of the…
Savings banks and Lower Saxony are getting closer in the dispute over the future of NordLB
NorthLB Many savings banks are critical of the Landesbank’s growth course. (Photo: dpa) Hanover, Frankfurt The owners of NordLB want to settle their dispute about the future orientation of the…
Savings banks warn of excessive demands from the heating law
Expensive home Because of increased interest rates on loans and expensive materials, many can no longer afford their own property. (Photo: IMAGO/teamwork) Hanover The savings banks have criticized the federal…
EnBW sells electricity grid share for around one billion euros
EnBW The energy supplier had originally hoped for a higher purchase price when selling part of its electricity grids. (Photo: dpa) Stuttgart The energy supplier EnBW is making progress with…
Portfolio of mortgage lending falls for the first time in eleven years
Residential construction in the new development area in Duisburg Demand for real estate loans collapsed in the first quarter of 2023. The loan portfolio at the savings banks is now…
Many ex-board members and a billion dollar scandal
Dusseldorf NRW-Landesbank WestLB has been history for eleven years. Devastating management failures contributed to its downfall. The institute was also involved in illegal cum-ex transactions. The Latin term describes stock…
Savings banks and Volksbanks are considering bonding technology
Blasted ATM In 2022, almost 500 ATMs in Germany were blown up, more than ever before. (Photo: IMAGO/Jochen Tack) Frankfurt The first savings banks and Volksbanks are considering using the…
Savings banks and Volksbanks are considering new technology to protect ATMs
Blasted ATM In 2022, almost 500 ATMs in Germany were blown up, more than ever before. (Photo: IMAGO/Jochen Tack) Frankfurt The first savings banks and Volksbanks are considering using the…
Savings banks want to use bonding technology in ATMs soon
Frankfurt In the future, the German savings banks will also rely on adhesive systems to protect against attacks on ATMs. “Of course, the savings banks will use the bonding technology…
Savings banks want to use bonding technology in ATMs soon
Frankfurt In the future, the German savings banks will also rely on adhesive systems to protect against attacks on ATMs. “Of course, the savings banks will use the bonding technology…
Investigations against WestLB and Portigon managers become a thriller
Former headquarters of WestLB in Düsseldorf According to the public prosecutor’s office, the Landesbank’s cum-ex transactions were completed between 2007 and 2011. (Photo: imago stock&people) Dusseldorf Thomas Fischer, Alexander Stuhlmann,…
61 million euro glitch at DWP Bank
stock price The background to the multi-million dollar glitch is a complex certificate business for a private custody account customer. (Photo: Bloomberg/Getty Images) Frankfurt The German Securities Service Bank (DWP),…
European banks will start their own payment service in 2024
Pay by smartphone The European Payments Initiative (EPI) plans to start mobile-to-mobile payments in 2024, with other mobile payments to follow. (Photo: Moment/Getty Images) Frankfurt A new alternative to Visa…
European banks want to start their own payment service in 2024
Frankfurt A total of 16 European financial service providers, including Deutsche Bank and the savings banks, want to start a new European payment system at the beginning of next year.…
Checking account stuck in the niche – Big competition
Klarna app The payment service provider Klarna recently launched a price comparison service for online shopping in Germany. Klarna is one of the big payment companies, but the current account…
The EU Commission’s reform proposals are met with resistance
Germany’s financial metropolis Frankfurt The German banks and savings banks see massive interventions in their security systems in the EU reform plans. (Photo: E+/Getty Images) Frankfurt, Brussels According to the…