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.

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 ]

Euro Crisis Reprieve: End to Bailout Programs Signals Recovery

Euro Crisis Reprieve: End to Bailout Programs Signals Recovery

SPIEGEL ONLINE - November 15, 2013

Some four years after the euro crisis began, Ireland and Spain are set to graduate from their bailout programs, with Dublin planning to begin financing itself again early next year. It's a positive sign, but economists warn against premature optimism. By Stefan Kaiser more... Comment ]

Dirty Money: Will Singapore Clean Up Its Act?

Dirty Money: Will Singapore Clean Up Its Act?

SPIEGEL ONLINE - November 01, 2013

Singapore has become an increasingly popular haven for money laundering and tax evasion. But now it faces calls for reform and a difficult dilemma: Can it be both a home for fortune hunters and a bastion of integrity? By Martin Hesse more... Comment ]

Taking Stock: Why Bankers Still Aren't Chastened

Taking Stock: Why Bankers Still Aren't Chastened

SPIEGEL ONLINE - October 31, 2013

Bankers have gone from being global elites to universally despised villains. Recent headlines suggest authorities are finally cracking down on illicit practices -- but the truth is very different. By Martin Hesse and Anne Seith more... Comment ]

EU Apathy: Leaders Fail to Make Progress at Summit

EU Apathy: Leaders Fail to Make Progress at Summit

SPIEGEL ONLINE - October 25, 2013

This week's European Council summit was sidelined by new accusations of US spying in Europe. But despite the distraction, it's clear EU leaders have deferred plans for greater integration, and lack the political will to address pressing concerns like migration. By Christopher Alessi more... Comment ]

'Over-Banked': ECB Tests Set to Reveal German System Flaws

'Over-Banked': ECB Tests Set to Reveal German System Flaws

SPIEGEL ONLINE - October 23, 2013

The European Central Bank's upcoming review of the euro zone's largest banks could expose weaknesses in the German banking sector. It may also reveal Germany's political role in limiting the scope and efficacy of the Continent's nascent banking union. By Christopher Alessi more... Comment ]

High Stakes: Making Sense of a Banking Intern's Death

High Stakes: Making Sense of a Banking Intern's Death

SPIEGEL ONLINE - October 11, 2013

When 21-year-old student Moritz Erhardt collapsed and died this summer, he became known as a victim of financial sector overwork. But the truth may be more complicated and only one thing is certain: Erhardt was one ambitious young man. By Christoph Scheuermann more... Comment ]