– In October, the common European currency overtook the dollar as the most widely used means of payment for the first time since 2013. This is the result of current statistics from the Swift banking payment network. According to this, 37.8 percent of all money transfers were in euros, in dollars it was only 37.5 … Read more
The European Central Bank (ECB) logo is pictured before a news conference on the outcome of the meeting of the Governing Council in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski Frankfurt (Reuters) – In view of the expected credit defaults as a result of the Corona crisis, the ECB banking supervisory authority is pushing ahead … Read more
– London Skyline The accounting season in the third quarter brings some bright spots for British banks. – (Foto: Bloomberg) – – – – Hongkong, London Several British banks released quarterly figures this Thursday. At Standard Chartered Bank, loan defaults and low interest rates have depressed profits. Adjusted earnings before taxes fell 40 percent to $ … 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