Tag: Savings banks
European deposit insurance fails because of German resistance.
Berlin, Frankfurt, Brussels Eurogroup boss Paschal Donohoe has failed in his attempt to complete the European banking union. The main reason for this was the strong resistance from Germany against…
In 2022, new records for blasting threaten
Frankfurt The blast leaves a picture of devastation. The ATM on the premises of a shopping center in Borken is completely destroyed. Eyewitnesses only watch how the perpetrators jump into…
Significantly fewer branches are being closed in Germany
Former Sparkasse branch In Germany, the number of bank branches has fallen significantly in recent years. (Photo: imago/Steinach) Frankfurt The number of bank branches in Germany has been falling for…
German banks are closing significantly fewer branches.
Former Sparkasse branch In Germany, the number of bank branches has fallen significantly in recent years. (Photo: imago/Steinach) Frankfurt The number of bank branches in Germany has been falling for…
NordLB is probably slipping into the red
Frankfurt Norddeutsche Landesbank (NordLB) started the new year with a loss, reports Reuters, citing insiders. From January to March, the loss before taxes at the Landesbank was around 120 million…
Savings banks and Volksbanks warn of Germany collapsing in deposit insurance
Helmut Schleweis and Marija Kolak The Savings Bank President and the BVR President fear that the EU deposit insurance could unsettle customers. (Photo: Uta Wagner (2)) Frankfurt Helmut Schleweis, President…
Banks are hesitantly paying interest again
Save Some banks are again charging interest on fixed-term deposits – but only nominally. High inflation is eating away at profits. (Photo: foto_tech – stock.adobe.com) Frankfurt It’s not lavish –…
LBS Bayern and Südwest want to merge
LBS Southwest There are currently eight building societies in the public sector. (Photo: dpa) Frankfurt The two Landesbausparkassen (LBS) in Bavaria and Southwest are aiming for a merger. This was…
Banking Union: Savings platforms promote EU deposit insurance
Frankfurt, Brussels, Berlin Eurogroup boss Paschal Donohoe had to take a lot of criticism last week for his proposal to introduce a European deposit insurance. But now he is getting…
ING is doing it right: abolish penalty interest!
European Central Bank The online bank ING is pushing ahead and raising the allowances for credit balances on current and overnight accounts on July 1st. (Photo: dpa) “A banker is…
Decision on EPI project will be made in May – wallet planned for smartphone
Pay by smartphone Payment apps on smartphones will play a greater role in the future. The European Payment Initiative is also working on a so-called wallet solution for payment services.…
Germany is up in arms against deposit insurance
Berlin, Frankfurt, Brussels Eurogroup boss Pascal Donohoe wants to tackle one of the most contentious issues in Europe’s financial architecture. According to EU circles, he will present a two-phase model…
Savings banks expect to dismantle ATMs
Demolished ATM of a Sparkasse Attacks on ATMs are on the rise – and they’re getting more brutal. North Rhine-Westphalia is particularly affected. (Photo: dpa) Frankfurt The savings banks in…
What the established banks learn from this
Smartphone bank N26 N26 is the most valuable German fintech. Nevertheless, the established banks and savings banks no longer have to fear the newcomer. He made a lot of mistakes.…
Sparkasse has to pay thousands of euros in interest
Frankfurt In the dispute over premium savings contracts, a higher regional court (OLG) has decided on the exact calculation of interest for the first time. The OLG Dresden ruled that…
Savings banks: General terms and conditions consent at the ATM
ATMs of a savings bank Some savings banks try to persuade customers at ATMs to agree to fee increases. (Photo: imago images / Joko) Frankfurt If banks and savings banks…
Deka sells more than one million securities savings plans
Savings bank fund service provider Deka Deka’s net sales climbed to almost 36 billion euros – a record level. (Photo: dpa) Frankfurt The fund service provider for the savings banks,…
More money and more home office
Frankfurt banking skyline The Verdi union has agreed on a new collective agreement with state and development banks and some savings banks. There is more money and agreements to work…
NordLB boss Jörg Frischholz: sustainable profit expected
Joerg Frischholz The new NordLB boss wants to finance more renewable energies. (Photo: East German Banking Association) Frankfurt Jörg Frischholz could not have wished for a better start. After three…
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 The savings banks want to avoid having to save troubled state…