Warren Buffett The star investor had already become active during the 2008 financial crisis. (Photo: AP) Denver Bankers, regulators and government officials have been dealing with a central question for days: How can trust in the US banking system be restored after the Silicon Valley Bank (SVB) went bankrupt? Star investor Warren Buffett is apparently … Read more
ZURICH/BERN According to media reports, the Swiss supervisory authorities are urging UBS to take over its smaller local rival. State guarantees are a prerequisite for a deal that will be frantically negotiated over the weekend. The Swiss government in Bern should issue a guarantee to cover the risks associated with the takeover, it said. The … Read more
NEW YORK The leading index Dow Jones Industrial shook off initial losses and recently rose by 0.21 percent to 31,940.38 points. The other indices presented themselves even stronger: The market-wide S&P 500 rose by 0.70 percent to 3919.10 points and the technology-heavy Nasdaq 100 by 1.31 percent to 12,411.57 points. Shortly before the start of … Read more
new building Houses that meet special requirements for sustainable construction receive additional funding. Image: imago images/perspective Berlin How will the state bank KfW promote new construction in Germany in the future? This question has been driving the economy for months. The Federal Building Ministry has now presented the new conditions of the 750 million euro … Read more
SAN FRANCISCO Visa’s quarterly results exceeded the average expectations of Wall Street pundits. The stock initially rose by around 1.5 percent in after-hours trading. Visa’s international business in particular posted strong growth as tourism and international travel recovered from the coronavirus pandemic. For example, hotel and flight bookings are often paid for by credit card. … Read more
Frankfurt skyline German cooperative banks have around 30 million private and corporate customers. (Photo: dpa) Frankfurt Despite the economic downturn, German banks Volks- und Raiffeisenbanken again extended more loans last year. The loan portfolio increased by seven percent year-on-year to 758 billion euros, their lobby association BVR said on Monday with reference to preliminary data. … Read more
‘Whisper’ Planned Delivery Drone The regional-use aircraft is expected to take off for the first time in 2023. (Photo: EAMD) Frankfurt The business model is special, but so are the associated challenges. Ulrich Grabowski wants to help medium-sized companies that have good ideas for green aviation but don’t have the money to implement them. The … Read more
dwelling Newly built residential buildings stand next to each other in the center of Berlin. For many builders, KfW loans are an important part of the financing. (Photo: dpa) Frankfurt Hardly any home builder can avoid the programs of the KfW development bank. Because the funds are among the few state subsidies for new construction. … Read more