Tag: Bafin
After the Postbank chaos: BaFin sends “watchdogs” to Deutsche Bank
As of: October 2nd, 2023 9:53 a.m The customer debacle at Postbank has consequences. A special representative from the financial supervisory authority is supposed to ensure that the problems are…
Bafin sends watchdogs for the Postbank economy
According to a report, the IT chaos at Postbank has consequences for the parent company Deutsche Bank. The financial regulator Bafin wants to send a special representative to monitor the…
BaFin investigation: Serious allegations against “Effenberg Bank”
As of: September 28, 2023 4:41 p.m BaFin confirms that Volks- und Raiffeisenbank Bad Salzungen Schmalkalden has too risky a business policy. It’s about loans worth millions, questionable real estate…
Financial supervision examines insurer IT – economy
The neighbor works for an insurance company. Although he has nothing to do with his acquaintances’ contracts, he knows how much damage was incurred from the car accident and what…
Life insurance: The Zurich-Varidium megadeal is about to end
The insurer Zurich is having problems handing over 720,000 life insurance contracts to the processing specialist Viridium. Because Bafin has doubts about Viridium’s majority owner – a London hedge fund.…
Deutsche Bank apologizes for Postbank chaos
As of: September 20, 2023 3:02 p.m After a complaint from the financial regulator because of the serious IT problems at Postbank, Deutsche Bank boss Christian Sewing admits omissions. The…
Deutsche Bank wants to quickly solve problems at Postbank – Economy
Deutsche Bank wants to get the most serious problems at its subsidiary Postbank under control by mid-October. Customers there have been very disappointed recently, said CEO Christian Sewing on Wednesday…
Bafin boss: “Postbank has to solve this quickly now”
Violence by children against parents The bully from the children’s room You see it in his eyes when the anger comes up. Then he beats his mother and attacks his…
This German will soon oversee Europe’s largest banks – economy
It was only a few months ago that the collapse of the Swiss Credit Suisse once again showed how important strict supervision of banks is: poorly managed and moderately controlled…
Julia Wiens should lead insurance supervision – economy
According to information from the SZ and the insurance monitor industry service, the federal government is appointing the 53-year-old mathematician and insurance manager Julia Wiens as head of insurance supervision…