Tag: Bafin
Significantly more customer complaints to BaFin
As of: April 8, 2024 4:28 p.m The quality of German financial services was not the best last year. BaFin received significantly more complaints. One reason was the problems at…
VR bank in trouble: How big is the hole in the “Effenberg bank”?
As of: March 26, 2024 12:29 p.m The VR-Bank Bad Salzungen Schmalkalden, also known as the “Effenberg Bank”, is in trouble. Your case raises questions: How reliable are cooperative banks?…
Management culture at banks: blame for the crisis: that "Old White Man Syndrome"
Since the financial crisis, authorities have been trying to tame financial institutions with increasingly complex rules. Germany’s top banking supervisor has now discovered a possible pattern. source site
Bafin threatens life insurers with a commission ban – economy
The financial regulator Bafin is warning insurers to get excesses in commission levels under control. “Otherwise there will be something like a commission ban or a commission benchmark that is…
Financial sector: Bafin urges banks to take precautions against cyber attacks
Financial industry Bafin urges banks to take precautions against cyber attacks According to the financial regulator Bafin, Germany’s banks need to take more precautions against cyber attacks and IT breakdowns.…
Cyber attacks on German banks: “The attacks are getting closer and closer to the heart”. – Business
U-turn in German financial supervision: Bafin is focusing on cyber attacks and IT breakdowns as the biggest risks for the financial sector. “We have the feeling that these attacks are…
“Virtual bank robbery”: Financial regulators warn of cyber attacks
As of: January 23, 2024 6:25 p.m Instead of robbing bank branches, criminals are resorting to cyber attacks. Their gateway is usually not banks or insurers themselves, but rather their…
After Postbank debacle: Deutsche Bank separates from managers – economy
Deutsche Bank actually wanted to have the problems with Postbank resolved by the end of the year, as CEO Christian Sewing had promised. However, the bank now needs more time,…
Bafin finds further errors in Adler balance sheets – Economy
According to the findings of the financial regulator Bafin, the real estate group Adler Real Estate presented its financial situation in its balance sheets for 2020 and 2021 too positively.…
Cum-cum transactions: banks are threatened with billions in back taxes | tagesschau.de
exclusive As of: December 15, 2023 10:16 a.m It’s more than four billion euros. This is the amount that German banks indicate the possible burdens of cum-cum transactions. Dem BR…