18 stories found
German regional lenders are grappling with mounting financial pressures, underscored by a sudden executive departure at Volksbank Brawo. The crisis has intensified concerns about stability within the country’s decentralized banking sector.
Die Deka-Fondsgesellschaft und die DZ Bank erhöhen ihre Geschäftsvorausschätzungen, während Genossenschaftsbanken wie die Volksbanken unter dem Druck niedriger Zinssätze und des Wettbewerbs um Einlagen leiden.
ASN Bank has completed its first half-year as an independent brand, benefiting from the discontinuation of former Volksbank brands SNS, Regiobank, and BLG Wonen.
Cologne's 'Pascha,' known as Europe's largest brothel, is now central to an economic crime investigation involving Chinese investors and a multi-million euro loan. The case also highlights a Volksbank employee and a sum of 75,000 euros in cash.
A Deutsche Bank board member sold shares worth five million euros, while other financial news includes a German rising at PayPal, Commerzbank finding a replacement for a future KfW board member, and Volksbank "Brawo" requiring support.
DZ Bank, the central institution for German cooperative banks, announced a record profit for 2025, largely driven by its insurer R+V, despite challenges from open-ended real estate funds and shaky Easycredit loans.
Croatian media reports that a German regulatory body is investigating Volksbank Köln Bonn for allegedly facilitating an illegal commission while financing the acquisition of the Pascha brothel.
Leading German financial institutions DekaBank and DZ Bank have upgraded their earnings outlooks, though cooperative retail banks continue to face pressure from intense competition for customer savings amid low interest rates.
German banks are offering high daily interest rates, making saving an attractive option for customers, especially those with Sparkasse or Volksbank.
A former employee of Volksbank Villach in Austria is under investigation for allegedly emptying customer accounts over several years without detection, leading to customer lawsuits against the bank.
Volksbank Mittelhessen has established its own energy cooperative with the aim of supporting Germany's energy transition and encouraging citizens to invest. A first project has already been confirmed.
Die dezentrale Bankengruppe prüft eine zentrale Trading-App, die auch Nicht-Kunden offen steht. Damit würde sie einen Teil ihrer Identität opfern aber im Wettbewerb mit Neobrokern weitergehen als die
Финансовият регулатор на Германия BaFin води разследване относно банков заем, използван за придобиването на обществена къща, след като се появиха подозрения за подкуп, свързан с член на управителния съвет на Volksbank Köln Bonn.
German Volksbanken have expressed outrage over the European Central Bank's (ECB) consideration to double the minimum reserve for banks, a move that could reduce the central bank's deficit.
With high overnight deposit rates, saving money has become more attractive, offering a way to counter inflation. Customers of Sparkasse or Volksbank are advised to explore options beyond their primary banks.
An hours-long bank standoff in Sinzig, Germany, concluded with all hostages being freed unharmed. However, the perpetrators managed to escape and remain at large, prompting an ongoing police investigation into the incident.
A Volksbank from Lower Saxony is reported to have handled multi-million dollar deals related to Iran, which investigations suggest could be sham transactions for oil exports, raising questions about the bank's due diligence.
Despite their reputation for risk aversion, German savings banks and cooperative banks are increasingly engaging with Bitcoin and other cryptocurrencies, embracing the volatile market.