SPIEGEL ONLINE
- May 23, 2012
For the first time in history, Germany issued long term bonds with a zero percent coupon rate on Wednesday. The demand reveals the deep concerns investors have about the euro zone and their desire for a safe place to park their capital -- even if it costs them money to do so. more...
SPIEGEL ONLINE
- May 18, 2012
Following the downgrade of 16 Spanish banks by Moody's, the focus in the euro crisis is back on the banking sector. Greeks are withdrawing hundreds of millions from their accounts, with reports that the same is happening in Spain. Experts are calling on the European Central Bank to step in and prevent full-scale bank runs. By Stefan Kaiser more... [ Forum ]
SPIEGEL ONLINE
- May 15, 2012
A large portion of Germany's massive gold reserves are stored abroad, mainly in the Federal Reserve in New York. But are the bars really where they are supposed to be? A dispute has broken out over whether the central bank needs to check on its gold, or if Germany can trust its international partners. more... [ Forum ]
SPIEGEL ONLINE
- May 11, 2012
Deutsche Bank has settled a legal dispute with the US Justice Department for $202 million as part of Josef Ackermann's attempts to clean house before his stint as CEO ends next month. US officials had sued a Deutsche Bank subsidiary for knowingly violating mortgage regulations. more...
SPIEGEL ONLINE
- May 07, 2012
As concerns about Spanish banks grow, leading economists are warning that Europe's banking system urgently needs to be overhauled, otherwise the entire monetary union could be in jeopardy. The continent's leaders missed their chance to reform the system in the wake of the 2008 financial crisis, and are now paying the price. By Martin Hesse, Christoph Pauly and Anne Seith more... [ Forum ]
SPIEGEL ONLINE
- April 10, 2012
Incoming Deutsche Bank chiefs Anshu Jain and Jürgen Fitschen are making short work of the Josef Ackermann era. While shareholders are ecstatic, German politicians and regulators are more wary of their leadership. Top managers are waging an unseemly battle for influence. By Martin Hesse and Anne Seith more...
SPIEGEL ONLINE
- March 19, 2012
The euro zone's central banks have flooded the markets with cheap money in a bid to fight the financial crisis. In a SPIEGEL ONLINE interview, Joachim Nagel, a member of the board of Germany's central bank, the Bundesbank, explains why the banks have to be weaned off the overabundant money supply. more...
SPIEGEL ONLINE
- March 14, 2012
European finance ministers have failed to reach an agreement on a proposed financial transaction tax. Now there is talk of watering down the measure to get something on the books. German commentators on Wednesday say that while it may be deferred for now, such a tax is inevitable. more... [ Forum ]
SPIEGEL ONLINE
- March 06, 2012
There are growing divisions among European Central Bank leadership about how to handle the euro crisis, not to mention between the ECB and the Bundesbank, Germany's central bank. While ECB head Mario Draghi is pleased with his recent decision to flood the markets with cheap money, Bundesbank President Jens Weidmann warns of the dangers. By Sven Böll, Martin Hesse, Christian Reiermann, Michael Sauga and Anne Seith more... [ Forum ]
SPIEGEL ONLINE
- February 29, 2012
More and more people in southern euro-zone countries are moving their money north amid fears of losing their savings in the crisis. The capital flight makes things difficult for banks back home, but experts say there are no legal measures to stop it. Any steps would probably come too late, they say, and might even endanger the European project. By David Böcking, Maria Marquart and Stefan Kaiser more...
