– Images of Greek coins in front of an alpha branch The four systemically important Greek financial institutions reduced the total of bad debts (NPE) from 68.5 to 47.4 billion euros last year. – (Foto: Bloomberg) – – – – Athens The program has a big name: “Hercules” is what George Zavvos called the plan that … Read more
– Financial conditions in the euro area were mainly determined by monetary policy measures during the pandemic. Together with a supportive fiscal policy, they have mitigated the economic effects of the Covid-19 crisis. The banks were also able to operate in a more favorable environment as the regulatory requirements were significantly relaxed. However, the end … Read more
– ECB headquarters in front of Frankfurt’s bank skyline The ECB’s banking supervisors are urging Europe’s credit institutions to be more cautious when assessing their default risk. – (Photo: dpa) – – – – Frankfurt The banking supervisors of the European Central Bank (ECB) are increasingly dissatisfied with the handling of major European banks with … Read more
– At that time, the Financial Market Authority initiated dismissal proceedings against the board of directors Vienna (OTS) – As the news magazine “profil” reports in its current issue, the financial market supervisory authority already had clear doubts about the reliability of the management of Commerzialbank Mattersburg (CMB) at the end of 2015. In November … Read more
– European Commission in Brussels – – – Brussels The topic of sustainability may have been overshadowed by the corona crisis this year, but it has not disappeared. On the contrary: In the summer, the EU Commission for the first time defined in a generally binding manner when an investment can be described as “green” … Read more
– Finma-Logo Finma recently announced that it would be scrutinizing Swiss banks in connection with the Danske Bank scandal. – (Photo: Reuters) – – – – Zürich The Swiss Financial Market Authority (Finma) warns of the effects of the corona crisis on banks and insurance companies in the country. Thanks to the liquidity and capital … Read more
The German supervision of the payment processor Wirecard fell short. The risk that the regulator BaFin would allow itself to be influenced by the German Ministry of Finance was too great, the European watchdog ESMA concluded in a 190-page report published Tuesday. Wirecard collapsed in June when it turned out that nearly 2 billion euros … Read more
– Banks in Frankfurt The German financial institutions are attacking the ECB’s negative interest rate policy. But according to a Bundesbank analysis, the consequences for commercial banks are not that bad. – (Foto: picture alliance / Foto Huebner) – – – – Frankfurt German banks have been complaining about negative interest rates in the euro zone … Read more