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Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring

A year of reorganization has left its mark on Germany’s leading financial institution. Deutsche Bank revealed this week it suffered significant losses in the last quarter and all of 2019. The banking giant claims that the damage is “entirely driven by transformation-related effects” such as compensation for sacked employees and devalued assets. дальше »

2020-2-1 03:30


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6 Bankers Accused of Earning €30M in Bonuses From German Fraud, Tax Lawyer Out on €4M Bail

Former bank employees have received bonuses worth millions of euros in an illegal trading scheme that also involved a tax lawyer, prosecutors in Frankfurt revealed this week. The case is part of multiple investigations carried out across Germany, the hardest hit country in a notorious tax fraud scandal known as the Cum-ex Files. дальше »

2020-1-22 19:40


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Germany: Central Bank Urges Europe To Strengthen Banking System Over CBDC Route

Jan Weidmann, the President of the Bundesbank, holds some very unique thoughts on the topic of money, digitization, and the network effect of payment services. Speaking with Handelsblatt, he offers his perspective on opposing Libra, which is centered around a market-oriented approach rather than endorsing the launch of a state-backed competitor such as a digital euro, JanuaryRead MoreRead More. дальше »

2020-1-4 02:00


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Bitcoin-Friendly Bank SEBA Expands to Nine More Countries

SEBA Bank AG, a Swiss-based, lender licensed by the nation’s Financial Market Supervisory Authority (FINMA) to offer a range of traditional banking services as well as cryptoassets products to its clients, has now expanded its operations to nine new jurisdictions including Italy, Germany, and Singapore, among others, according to reports on December 12, 2019. дальше »

2019-12-12 13:43


German Central Bank Tells Why Governments Should Take A Neutral Position On Facebook’s Crypto Project

The central bank of Germany, the Bundesbank, released a bulletin in which they say that Libra’s benefits should be allowed despite regulatory uncertainty. The bulletin was titled Crypto tokens in payment transactions and in securities settlement and it was published on July 22nd, according to Cointelegraph. дальше »

2019-7-23 18:54


Bundesbank Ridicules Blockchain: Not a ‘Breakthrough’ Technology

By CCN: The president of Bundesbank – Germany’s central bank –  is not impressed by blockchain, despite the technology experiencing increased adoption in other sectors. German Central Bank: Blockchain Slow & Expensive According to statements made in Frankfurt on May 29, Bundesbank President Jens Weidmann claimed that a trial project to integrate blockchain failed miserably. дальше »

2019-5-30 22:07


Weidman, President Of German Central Bank: “Blockchain Settlement Was Slow, Costly In Trial”

Weidman – President Of German Central Bank: “Blockchain Settlement Was Slow, Costly In Trial” According to the president of Germany's Central Bank – Jan Weidman –  the recent performance of a trial project which made use of blockchain technology in order to provide an alternative transfer and settlement solution for securities and cash demonstrated that […] дальше »

2019-5-29 21:25


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First Bitcoin ATM Installed in ECB’s Own Backyard

Germany has just got its second Bitcoin ATM in Frankfurt, home of the European Central Bank, as the total worldwide machine count hits 4000 for the first time. Bitcoin ATM Arrives in Frankfurt As local media reported November 23, Bitcoin-Store Frankfurt in Germany’s financial center and home of the European Central Bank (ECB) is now home to one of only two BTMs currently operational in the country. дальше »

2018-11-29 21:00