The Handelsblatt gives an overview of the rules of deposit protection.
(Photo: Imago/Westend61)
Munich In the US, two medium-sized banks, Silicon Valley Bank and Signature Bank, have gone bankrupt. Now the major Swiss bank Credit Suisse (CS) had to be rescued with the takeover by the Swiss bank UBS. A new money giant is emerging that is having a significant impact on the financial system.
For pessimists, the next global financial crisis is a foregone conclusion. But politics is reassuring: Chancellor Olaf Scholz (SPD) and his Finance Minister Christian Lindner (FDP) said that German savers have nothing to fear. The EU banking supervisors also consider the banking system to be resilient.
>> Read here: Olaf Scholz in the Handelsblatt interview – “The deposits are safe”
Nevertheless, the question arises for many citizens: “How safe is my money?” Most people do not only think of savings accounts such as call money and time deposits, which are probably the most popular investment products among Germans. They also think of securities in their custody account, home savings and insurance contracts.
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