AP

Risky Business

Wracked by the financial crisis of 2008, banks around the globe have been bailed out with public money and pilloried by public opinion. Still, European governments have yet to find common ground on ways to curb risky trading and regulate dangerous banking practices.

Not Fit for the Next Crisis: Europe's Brittle Banking Union

Not Fit for the Next Crisis: Europe's Brittle Banking Union

SPIEGEL ONLINE - December 19, 2013

German Finance Minister Wolfgang Schäuble has negotiated a European banking union suited perfectly to his country's tastes. It looks like a victory, but it could prove to be very expensive if Europe or Germany face another financial crisis. An Analysis By Gregor Peter Schmitz in Brussels more... Comment ]

Merkel Speech: Chancellor Urges Reforms to Preserve Euro

Merkel Speech: Chancellor Urges Reforms to Preserve Euro

SPIEGEL ONLINE - December 18, 2013

In the first parliamentary speech of her third term, German Chancellor Angela Merkel warned that Europe needs to take more action to make its single currency crisis-proof and urged states to undertake binding economic reforms. more... Comment ]

Complaint to EU: German Banks Try to Torpedo Transaction Taxes

Complaint to EU: German Banks Try to Torpedo Transaction Taxes

SPIEGEL ONLINE - December 16, 2013

German banking associations have sent letters to the European Commission urging it to forbid the new financial transaction taxes imposed by France and Italy. Insiders believe the letters are an attempt by the banking lobby to block a planned EU-wide financial transaction tax. By Claus Hecking and Stefan Kaiser more... Comment ]

'Brutal Power Politics': Merkel's Banking Union Policy Under Fire

'Brutal Power Politics': Merkel's Banking Union Policy Under Fire

SPIEGEL ONLINE - December 16, 2013

Top officials in Brussels have told SPIEGEL that they disagree with Berlin's approach to creating the planned banking union. Chancellor Angela Merkel is trying to give big member states too much power, they say. more... Comment ]

EU Wrangling: Berlin Plays It Safe on Banking Union

EU Wrangling: Berlin Plays It Safe on Banking Union

SPIEGEL ONLINE - December 11, 2013

German Finance Minister Wolfgang Schäuble met with his EU colleagues until midnight on Tuesday to discuss Europe's planned banking union. Berlin is playing it safe in the talks, but its hesitancy threatens to derail the project's core ambitions. By Gregor Peter Schmitz more...

Cartel Power: Megabanks Gain Ground Despite Fines

Cartel Power: Megabanks Gain Ground Despite Fines

SPIEGEL ONLINE - December 10, 2013

Authorities around the world are taking action against large banks for questionable practices including collusion and rate manipulation, but the power of these financial institutions continues to grow. Germany's Deutsche Bank in particular finds itself under fire. By Sven Böll, Martin Hesse, Christoph Pauly and Anne Seith more... Comment ]

Rate Scandal: Deutsche Bank's First Big Fine Won't Be Its Last

Rate Scandal: Deutsche Bank's First Big Fine Won't Be Its Last

SPIEGEL ONLINE - December 04, 2013

Subprime mortgages, currency tricks, interest rate fixing: Wherever supervisory authorities have probed crooked deals of the past, Deutsche Bank comes up. Now Germany's biggest bank has had to pay its first big fine. It won't be the last. By Stefan Kaiser more... Comment ]

Feeding the Bubble: Is the Next Crash Brewing?

Feeding the Bubble: Is the Next Crash Brewing?

SPIEGEL ONLINE - December 03, 2013

Central banks around the world are pumping trillions into the economy. The goal is to stimulate growth, but their actions are also driving up prices in the real estate and equities markets. The question is no longer whether there will be a crash, but when. By Martin Hesse and Anne Seith more... Comment ]

Growing Risks: Government Bond Holdings Could Burden Banks

Growing Risks: Government Bond Holdings Could Burden Banks

SPIEGEL ONLINE - November 25, 2013

European banks hold increasingly large shares of government bonds as a result of the debt crisis. If those states default and can no longer service their debt, it could lead to massive losses. Germany's Bundesbank is pushing for new rules at the ECB. By Martin Hesse and Christoph Pauly more... Comment ]

Near Zero: ECB Interest Rate Cuts Hit Savings Hard

Near Zero: ECB Interest Rate Cuts Hit Savings Hard

SPIEGEL ONLINE - November 20, 2013

As the European Central Bank pushes interest rates to a new low, Germans are growing increasingly concerned about their savings. The money in their accounts is losing value and life insurance policies are yielding lower returns. Investors and central bankers feel trapped. By SPIEGEL Staff more... Comment ]