Tag #German Banking

Showing 13 to 18 of 18 results

welt.de

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Feb 10, 13:08

ING Germany's New CEO Focuses on Growth Amidst Heightened Competition

Lars Stoy, new CEO of ING Germany since January 2024, aims to drive growth after a year where the bank attracted 600,000 new customers, despite facing increased competition from younger banks and the upcoming entry of J.P. Morgan.

ING Germany's New CEO Focuses on Growth Amidst Heightened Competition

Lars Stoy, new CEO of ING Germany since January 2024, aims to drive growth after a year where the bank attracted 600,000 new customers, despite facing increased competition from younger banks and the upcoming entry of J.P. Morgan.

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What are the immediate challenges and opportunities facing Lars Stoy as the new CEO of ING Germany?

Lars Stoy, ING Germany's new CEO, started his role in January 2024, succeeding a period of customer service challenges at his previous employer, Deutsche Bank. His appointment surprised many due to his perceived lack of recent success at Deutsche Bank, although no specific failures were attributed to him.

welt.de

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Dec 18, 10:11

Unicredit Expands Commerzbank Stake to 28 Percent Amidst German Government Opposition

Unicredit increased its stake in Commerzbank to about 28 percent, exceeding its previous holdings significantly, aiming for 29.9 percent, which prompted criticism from the German government.

Unicredit Expands Commerzbank Stake to 28 Percent Amidst German Government Opposition

Unicredit increased its stake in Commerzbank to about 28 percent, exceeding its previous holdings significantly, aiming for 29.9 percent, which prompted criticism from the German government.

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What is the immediate impact of Unicredit's increased stake in Commerzbank, and what are the implications for the German banking sector?

Unicredit, an Italian bank, has increased its stake in Commerzbank to approximately 28 percent, with about 18.5 percent held through financial instruments. This move aligns with Unicredit's goal of reaching a 29.9 percent stake and reflects confidence in the German banking sector.

sueddeutsche.de

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Dec 18, 13:13

Unicredit Expands Commerzbank Stake, Increasing Takeover Probability

Unicredit has increased its stake in Commerzbank to 28 percent, raising the likelihood of a takeover bid despite the German government's opposition; this move follows Unicredit's September acquisition of shares after the German government's partial divestment.

Unicredit Expands Commerzbank Stake, Increasing Takeover Probability

Unicredit has increased its stake in Commerzbank to 28 percent, raising the likelihood of a takeover bid despite the German government's opposition; this move follows Unicredit's September acquisition of shares after the German government's partial divestment.

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What is the significance of Unicredit's increased stake in Commerzbank, and what are the immediate consequences?

Unicredit, an Italian bank, has increased its stake in Commerzbank, Germany's second-largest private bank, to 28 percent through financial instruments. While Unicredit directly owns only 9.5 percent of Commerzbank shares, this move makes a takeover bid more likely. The acquisition could face regulatory hurdles before exceeding a 10 percent direct shareholding.

welt.de

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Feb 10, 19:08

DKB Girokonto: Fees, Conditions, and €30 Bonus Offer

The DKB Girokonto in Germany offers a free account with at least €700 monthly deposits or for those under 28; otherwise, a €4.50 monthly fee applies. A €30 bonus is offered for new accounts opened by January 31, 2025. Additional accounts cost €2.50 monthly.

DKB Girokonto: Fees, Conditions, and €30 Bonus Offer

The DKB Girokonto in Germany offers a free account with at least €700 monthly deposits or for those under 28; otherwise, a €4.50 monthly fee applies. A €30 bonus is offered for new accounts opened by January 31, 2025. Additional accounts cost €2.50 monthly.

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What are the key conditions for avoiding monthly fees on the DKB Girokonto, and what are the associated costs if these conditions aren't met?

The DKB Girokonto is free if you deposit at least €700 monthly or are under 28. Otherwise, a €4.50 monthly fee applies. It includes a free Visa debit card and free cash withdrawals within the Eurozone, but foreign transaction fees may apply outside the initial 3-month 'active status' period or without sufficient deposits. Minimum withdrawal is €50, unless a paid 'Mini-Bargeld-Option' is used.

welt.de

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Dec 18, 16:15

Unicredit Faces Criticism for Commerzbank Stake Increase

Unicredit significantly increased its stake in Commerzbank, prompting criticism from the German government for its "unfriendly" approach despite previous statements to the contrary; the move raises concerns about job losses and the future of the German bank.

Unicredit Faces Criticism for Commerzbank Stake Increase

Unicredit significantly increased its stake in Commerzbank, prompting criticism from the German government for its "unfriendly" approach despite previous statements to the contrary; the move raises concerns about job losses and the future of the German bank.

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How did the German government's previous actions regarding Commerzbank shares contribute to the current situation?

Unicredit's increased stake in Commerzbank, following the German government's partial divestment, is viewed as an unfriendly takeover attempt. This action is raising concerns in Germany due to Commerzbank's systemic importance and the potential job losses. The German government, while not directly opposing a takeover, has criticized Unicredit's methods.

faz.net

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Dec 18, 13:13

Commerzbank Rejects Unicredit Takeover Bid

Commerzbank rejected Unicredit's takeover bid despite Unicredit's 28% stake and application to increase it to 29.9%, citing a desire for independence; labor unions oppose the takeover fearing job losses.

Commerzbank Rejects Unicredit Takeover Bid

Commerzbank rejected Unicredit's takeover bid despite Unicredit's 28% stake and application to increase it to 29.9%, citing a desire for independence; labor unions oppose the takeover fearing job losses.

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What is the immediate impact of Commerzbank's rejection of Unicredit's takeover bid on the German banking sector?

Commerzbank CEO Bettina Orlopp has rejected a takeover bid from Unicredit, stating their intention to remain independent. Unicredit, led by Andrea Orcel, already owns Hypovereinsbank in Germany, fueling concerns within Commerzbank that this is a domestic, not a European, consolidation. Labor unions oppose the takeover, fearing significant job losses.

Showing 13 to 18 of 18 results