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 banks in Germany

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updated Sat. January 5, 2019

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A quick-thinking German bank employee used a smoke bomb early Thursday to drive off a band of criminals trying to break into a cash machine, police say. Police said the thwarted robbers used explosives to try to blast open the cash machine in the western city of Witten at around 3.25 a.m. (0125 GMT), ...
There may be help on the way for squeezed German shipping banks, says global credit rating bureau DBRS. At the end of 2017, the German banks performed well in a stronger environment with rising rates, fewer idled vessels and a large drop in the number of newbuild deliveries in the coming years.

German bank CRISIS: Deutsche Bank loses £650M in THIRD YEAR in red for Merkel's top bank. GERMAN finance giant Deutsche Bank suffered heavier than expected losses last year but are still forking out bumper bonuses for managers, newly released figures from the company have revealed. By Simon ...
Deutsche Bank bosses to forego bonuses after third annual loss. CEO John Cryan said the 12-member executive board would not get bonuses for 2017, but variable compensation would be paid to other staff as planned. A view of the headquarters of German bank Deutsche Bank in London on 5 May 2017.
Photograph from 16 August 1988 of the armed Dieter Degowski patrolling the hijacked bus in Bremen, Germany. Photograph: Thomas Wattenberg/EPA. A hostage crisis which gripped the German nation 30 years ago is being recounted in a TV thriller, sparking debate about the roles the police, media and ...
In Essen, a food bank has barred migrant clients in order to prioritize locals. This has spurred criticism as the decision is seen as contradicting the mission of the German wide association which is to provide for everyone in need. In the last years, more than 280,000 refugees received food from the pantries.

Reuters LONDON (Reuters) — Ford said recently it hopes to set up a bank in Germany in the second half of the year after applying for a license in the country as part of its strategy to mitigate any risk ... “We anticipate that the German bank will be established in the second half of 2018,” said a spokesman.
LONDON -- Ford hopes to set up a bank in Germany in the second half after applying for a license in the country as part of its strategy to mitigate any risk from the U.K. leaving the European Union. ... "We anticipate that the German bank will be established in the second half of 2018," said a spokesman.
A consortium of private equity firms, led by American private equity firms Cerberus and JC Flowers, has reached agreement to buy HSH Nordbank, the long-troubled German public-sector bank, which nearly collapsed under the weight of its large, distressed shipping portfolio. HSH is one of the world's ...
Standard Chartered's global co-head of foreign exchange cash trading, who has spent most of his 30-year career in the City of London, has quit to run the sales and trading business of a small German bank in Dusseldorf. Markus Schmidt has joined Bankhaus Lampe, which employs around 670 people ...
China Construction Bank has received approval to form a mortgage lending joint venture with Bausparkasse Schwaebisch Hall, the mortgage bank of Germany's ,DG Bank. The venture will be based in Tianjin,but the two partners are still discussing the scale of investment and stake ownership.
The representatives from the German bank told Manager Magazine, upon finding the discrepancies, that the company accounts related to the Kushner family have now been sent to the German bank regulator, Federal Financial Supervisory Authority, BaFin, for further investigation. The German magazine ...
In late December, the New York Times reported that the US attorney in Brooklyn had subpoenaed the German bank for information relating to Kushner, though there was no word on exactly what the attorney was seeking. Additionally, the bank loaned Kushner's real estate company $285 million to refinance ...
Financial union. German banks oppose an EU-wide deposit insurance. A European deposit insurance scheme could do more harm than good, writes the head of the German Savings Banks Association. The new German government must take a more balanced approach to closer financial cooperation. By.
Several German banks, exploiting a now-closed loophole relating to the excessive claiming of tax rebates, may have cost the German state up to €2.9 billion ($3.46 billion) in unpaid taxes, according to reports on Thursday. Citing sources in the German Ministry of Finance — which has been examining the ...
Hamburg-based private bank M.M. Warburg & Co. has bought a majority stake in the asset management business of NORD/LB, the German firm has announced. As a result the asset management capabilities of both banks will become part of one holding, which will see Hannover-based NORD/LB have a ...
According to the report, "a continued stability of the earnings pool also means that growth possibilities in a German bank are limited and that higher risk-related costs can devour the savings of German banks very quickly." Furthermore, German banks lagged behind their international competitors with ...

Admitted Mirai malware mastermind Daniel Kaye, 29, a Liberian, has been extradited from Germany to the United Kingdom, where he faces ...
Volatile container and tanker shipping markets saw German finance house DVB Bank Group (DVB) register a 2017 half-year pre-tax ...
Ultra low official interest rates continue to "weigh heavily" on Germany's smaller banks, two watchdogs said on Wednesday. Germany's bank ...
In an interview with the Sunday Independent, a project manager for Germany's biggest bank, Sparkasse, claims the Department of Finance is ...
After Cold War fears abated, Germany has made a conscious effort to bring back the gold it had stored overseas in the US as well as in France.
Frankfurt and Dublin to steal Brexit jobs, boasts German bank. PROJECT Fear has returned with a vengeance after a German bank boasted ...
The head of Germany's largest bank said on Wednesday that the European Central Bank should begin the process of ending its ...
Deutsche Bank CEO John Cryan speaks during the bank's annual general meeting in Frankfurt, Germany May 18, 2017. REUTERS/Ralph ...
State-owned German development bank KfW mistakenly transferred billions of euros to four other banks due to a "configuration mistake" made by an "experienced programmer," according to media reports.
FRANKFURT: Several U.S. investment banks are scouting the market for available Frankfurt office space to shift parts of their business from London, the real estate executive of a large German bank said on Thursday. Several concrete requests for vacant ...
A statue is pictured in front of the former head quarters of Germany's largest business bank, Deutsche Bank in Frankfurt, January 28, 2013.
Germany is giving Myanmar a Euro 23 million loan to supply electricity to 416 villages in southern Shan State, a Electricity and Energy Ministry official said.
A German bank that loaned US$300 million to Donald Trump played a prominent role in a money laundering scandal run by Russian criminals with ties to the Kremlin, the Guardian can reveal.
Deutsche Bank in Germany and Danske Bank in Denmark were also named. The beneficial owners of the funds were hidden behind at least 21 shell firms, most of which were based either in the UK or in Cyprus.
Strategists at the German bank reckon real rates will snap higher sooner than the Fed likely anticipates -- amid an upturn in core price pressures.
Based in Lower Manhattan's Fulton Center, the lab's team will help the bank deploy technology in artificial intelligence, cloud and cyber security and other areas, the German bank said on Tuesday. Financial terms were not disclosed. Deutsche Bank is ...
"We start with a significant European footprint, we are licensed with banks in Germany and France," began Gnodde, adding that over the next 18 months the bank would upgrade its European facilities and take extra space and headcount on the continent.
Several lenders jostled for position near the top of the benchmark with Deutsche Bank moving higher despite investor concerns regarding the embattled German bank's plans to sell shares to boost its balance sheet. Its shares were up by almost 4 percent.
With German banks finally getting around to clearing out the nation's ailing lines a trio of Conti ships have gone on the market and been snapped up.
Wealthy customers at a major German bank will earn negative interest rates on their deposits, the bank announced this week.
The German Bank KfW has backtracked from its earlier report on power sector that had questioned the claims of the government for improvement in the performance of public sector power generation companies (Gencos) declaring them as incorrect and ...
ISLAMABAD - The German KfW bank on Friday apologised over its recent analysis regarding Pakistan's power sector's achievement, saying, this is highly regrettable.
Cops arrest two men after ruthless 'armed robber' takes two employees hostage at German bank. Sparkasse bank in ... TWO terrified hostages have been freed after at least one ruthless armed robber took over a German bank. Cops in Duisburg have ...
In late December, the German bank finally settled but was able to trim the penalty down to $7.2 billion. According to the Department of Justice, Deutsche Bank agreed to a detailed Statement of Facts as part of the settlement.
Berenberg has rolled out a consistent message over the past two years - we are hiring. While larger investment banks have cut back headcount, the small German bank has been happy to raid the ranks of their research analysts and has been aggressively ...
La Paz, Mar 9 (Prensa Latina) German Ambassador to Bolivia, Matthias Sonn, said here that the Development Bank of his country will finance part of the resources for the Central Bioceanic Rail Corridor (CFBC).
ISLAMABAD: The Ministry of Water and Power on Tuesday hit back at the KfW, a German government-owned development bank, for "scandalising" its power sector turnaround story, but slightly changed its claim towards increased generation and savings in ...
Business. German bank blacklist of Yemeni nationals widens. The decision by German banks to cancel the accounts of 100 Yemeni nationals now has wider implications, DW can reveal.
PSA Finance also runs a bank in Germany. Selling Opel represents a surrender flag for GM after nearly two-decades of trying to turn a profit in European operations.
That claim, brought by Axiom Investment Advisers, alleged that the German bank used algorithms to delay the processing of trades by several tenths of a second, allowing it to reject or alter the terms of those client orders if they were unprofitable ...
Deutsche Bank shares slumped 6.5 percent after the German bank unveiled plans to raise around 8 billion euros through a share sale, list its asset management business and overhaul its business structure.
The German lender said in a statement Sunday that the capital increase will come through the issuance of up to 687.5 million new shares.
ISLAMABAD: A German state-owned development bank has questioned the power ministry's claim of turning around the power sector through efficient generation and effective control, terming it "politically influenced".


 

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