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Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring
1.2.2020
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...
6 Bankers Accused of Earning €30M in Bonuses From German Fraud, Tax Lawyer Out on €4M Bail
22.1.2020
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...
Germans Rush to Buy Gold as Draft Bill Threatens to Restrict Purchases
27.12.2019
Reports have emerged depicting long lines in front of a physical gold sales location in Germany, in view of pending legislation which would once again lower the anonymous purchase limit, this time from €10,000 to €2,000. The last drop happened in 2017 when the limit was set...
Boerse Stuttgart and SBI Partner to Expand Crypto Services in Europe and Asia
22.12.2019
Germany’s second-largest stock exchange and a major financial services group in Japan have partnered to expand their crypto operations in Europe and Asia. Boerse Stuttgart recently launched its crypto trading platform while SBI has been expanding its crypto business operations for several...
German Stock Exchange Plans International Digital Asset ‘Ecosystem’ Through New Partnership With SBI
20.12.2019
Boerse Stuttgart Group and Japanese financial giant SBI Group are teaming up on a joint initiative to build a digital assets '"ecosystem" in Asia and Europe
German Banks Increasingly Charging Retail Clients Negative Interest Rates
16.12.2019
A growing number of banks in Germany are charging retail customers negative interest rates, starting with the very first euro deposited into their accounts. At least three German banks are reportedly doing so, with more expected to follow suit in the near future. As the European Central Bank...
German Bank Launches Digital Assets Unit to Offer Custody Products
13.12.2019
Berlin-based solarisBank has opened a subsidiary to offer a white-labeled custody product to nonbanks interested in offering crypto products
German Fintechs Rush to Offer Crypto Custody Services Under New Law
13.12.2019
Fintech companies in the Federal Republic are quickly moving to develop and offer custodial solutions for digital assets under the new German legislation that will allow banks to store, transfer and trade cryptocurrencies next year. Berlin-based Solarisbank has established a subsidiary that will...
German SolarisBank Opens Subsidiary to Provide Custody Services for Digital Assets
12.12.2019
Solaris Digital Assets GmbH will provide the full range of solarisBank’s digital white-label banking services
Boerse Stuttgart’s Crypto Exchange Live for All Traders in Germany
7.12.2019
Germany’s second-largest stock exchange, Boerse Stuttgart, has opened up its cryptocurrency trading platform to all interested traders in the country. This move follows the passing of a bill allowing banks in Germany to sell and hold cryptocurrencies for their clients starting next year. Also...
ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy
5.12.2019
European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel...
HashCash Teams Up With German Solar Power Company
5.12.2019
Based in California, HashCash, the world-class software firm, has announced the news about its strategic partnership with a Germany-based Solar Power firm as its first step in the energy trading market space. The two leading firms have come together to chalk out a blockchain-pegged platform capable...
Banks Are Cutting 75,700 Jobs Worldwide
4.12.2019
Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank...
German banks allowed to sell crypto assets in 2020
2.12.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 2 December, 2019 “The world breaks everyone, and afterward, some are strong at the broken places." - Ernst Hemingway In today's newsletter, we will be covering: Cisco winning a patent and seeks to […]
The post German banks allowed...
German banks allowed to sell crypto assets in 2020
2.12.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 2 December, 2019 “The world breaks everyone, and afterward, some are strong at the broken places." - Ernst Hemingway In today's newsletter, we will be covering: Cisco winning a patent and seeks to […]
The post German banks allowed...
German Banks Authorized to Store and Sell Cryptocurrency in 2020
29.11.2019
Next year German banks will be able to manage cryptocurrencies like bitcoin after the fourth EU money laundering directive goes into effect. The directive passed in the German parliament, Bundestag, allows banks in the country to act as cryptocurrency custodians rather than rely on third-party...
New German Law Might Allow Banks to Store, Trade Crypto
29.11.2019
Germany’s federal parliament Bundestag has reportedly passed a bill that is to allow the country's banks to store and sell cryptocurrencies next year. However, the legislation is awaiting the approval of the Bundesrat, the parliament’s chamber that represents Germany’s 16 federal states.
The latest...
German Banks Allowed to Sell and Custody Crypto Assets From 2020: Report
29.11.2019
From next year, banks in Germany will be allowed to offer the sale and storage of cryptocurrencies under new legislation
Survey: 58% of German Banks Charge Negative Interest Rates
24.11.2019
Germany’s central bank, the Deutsche Bundesbank, has conducted a survey of banks charging negative interest rates on customer deposits. Some are charging retail customers as well as corporate clients. An independent price comparison portal shows which banks are currently charging for deposits...
Crypto News From the German-Speaking World: Nov. 17-23
23.11.2019
Cointelegraph auf Deutsch presents a weekly digest of developments from the German-speaking world