SPIEGEL ONLINE
- June 13, 2013
For the last five years, the world's leading central banks have been combatting the crisis with extremely low interest rates and vast bond purchases. Now the American Fed is breaking ranks, as it cautiously suggests a change in its policy -- sending the markets into turmoil. By Martin Hesse, Anne Seith and Wieland Wagner more... [ Comment ]
SPIEGEL ONLINE
- June 12, 2013
Germany's high court on Tuesday made clear that it was skeptical of the ECB's program to buy unlimited quantities of sovereign bonds from struggling euro-zone member states. It could strike down the most successful tool in combating the crisis. By Stefan Kaiser in Karlsruhe, Germany more... [ Comment ]
SPIEGEL ONLINE
- May 31, 2013
Thousands of "Blockupy" protesters gathered in Frankfurt on Friday, surrounding the European Central Bank to air their concerns about euro-crisis policies. Both the banks and police were reportedly well-prepared for the anti-capitalist demonstration. more... [ Comment ]
SPIEGEL ONLINE
- May 27, 2013
The financial sector continues to insist that the controversial practice of speculating on agricultural commodities does not cause high food prices. But some German banks disagree. Now DZ Bank, the country's fourth largest financial institution, has announced it has stopped the practice. By Christian Teevs more... [ Comment ]
SPIEGEL ONLINE
- May 17, 2013
A recent inquiry suggests that Cyprus isn't doing enough to combat money laundering, a precondition for obtaining a bailout package. The banks know little about their customers and are ill-equipped to identify suspicious transactions. more... [ Comment ]
SPIEGEL ONLINE
- May 15, 2013
Vietnamese companies have been ruthlessly taking advantage of Laotian locals and their environment to create vast rubber plantations. The "rubber lords" are also getting support for the land grabs from Germany's Deutsche Bank, which is violating its ethics and sustainability policies, critics say. By Martin Hesse, Jörg Schmitt and Wieland Wagner more... [ Comment ]
SPIEGEL ONLINE
- May 15, 2013
European leaders had hoped to quickly finalize plans for an EU banking union to regulate bank bailouts and provide a roadmap for unwinding insolvent financial institutions. But with the German election looming, Berlin is wary of moving forward. The result could be a lengthy delay. By Carsten Volkery more... [ Comment ]
SPIEGEL ONLINE
- April 26, 2013
Sociologist and former politician Jean Ziegler has few nice things to say about the banking sector in his native Switzerland. In an interview with SPIEGEL ONLINE, he argues the Alpine nation is the world capital of dealing in stolen goods, and that Germany has the power to change it. more...
SPIEGEL ONLINE
- April 15, 2013
In a SPIEGEL interview, European Union Tax Commissioner Algirdas Semeta discusses the post-"Offshore Leaks" debate on fighting tax havens and why he believes cooperation and information exchange between the United States and Europe could create the global standard. more... [ Comment ]
SPIEGEL ONLINE
- April 15, 2013
In an interview with SPIEGEL, Commerzbank CEO Martin Blessing rejects legal limits on management pay but says he's in favor in principle of EU plans to make shareholders and creditors pay for bailing out troubled banks. He also defends his company's planned capital hike to repay the government's bailout money. more... [ Comment ]
