Out of Ammo? The Eroding Power of Central Banks

Out of Ammo? The Eroding Power of Central Banks

SPIEGEL ONLINE - April 16, 2014

Since the financial crisis, central banks have slashed interest rates, purchased vast quantities of sovereign bonds and bailed out banks. Now, though, their influence appears to be on the wane with measures producing paltry results. Do they still have control? By Michael Sauga and Anne Seith more... Comment ]

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 ]


Dispute with ECB: European Parliament Delays Banking Union Vote

Dispute with ECB: European Parliament Delays Banking Union Vote

SPIEGEL ONLINE - September 10, 2013

The European Parliament has delayed an important vote on the euro zone banking union that will see the most important financial institutions placed under the supervisory of the European Central Bank. Members of parliament want greater ECB accountability. more... Comment ]

Interim Profit Down: Deutsche Bank Suffers New Setback

Interim Profit Down: Deutsche Bank Suffers New Setback

SPIEGEL ONLINE - July 30, 2013

Deutsche Bank reported lower-than-expected profits for the second quarter on Tuesday, underperforming US rivals like Goldman Sachs and Morgan Stanley. Earnings suffered because more funds went to covering the costs of lawsuits against the bank. more... Comment ]


Junk Soup: UBS Unloaded Rotten Securities on Leipzig

Junk Soup: UBS Unloaded Rotten Securities on Leipzig

SPIEGEL ONLINE - June 18, 2013

An investigation by the United States Securities and Exchange Commission has revealed for the first time the methods with which the Swiss investment bank UBS sought to palm off bad debt securities on German municipalities. It succeeded in Leipzig. more...

'Taking Responsibility': German Banking Giant Quits Food Speculation

'Taking Responsibility': German Banking Giant Quits Food Speculation

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 ]


Excess Under Siege: Europe Gains Momentum against Corporate Greed

Excess Under Siege: Europe Gains Momentum against Corporate Greed

SPIEGEL ONLINE - March 04, 2013

Moves to contain salary excesses in big business by the EU and Switzerland have emboldened social democrats across Europe, who are calling for battle against greed in a financial world "gone wild." By Stefan Simons and Carsten Volkery in Paris and London more... Comment ]

World From Berlin: 'Other Countries Should Heed Swiss Pay Cap for Execs'

World From Berlin: 'Other Countries Should Heed Swiss Pay Cap for Execs'

SPIEGEL ONLINE - March 04, 2013

Swiss voters have overwhelmingly approved strict controls on executive pay, a result praised by German politicians. Editorialists hope it will pave the way for new anti-greed legislation across Europe. more... Comment ]


World from Berlin: 'Cap On Banker Bonuses Is a Serious Blunder'

World from Berlin: 'Cap On Banker Bonuses Is a Serious Blunder'

SPIEGEL ONLINE - March 01, 2013

The European Parliament moved this week to cap banker bonuses. But the plan faces stiff resistance in Britain, Europe's financial capital, and even German commentators question whether it will stop banking excesses. more... Comment ]

One Year's Salary: Europe Caps Banker Bonuses

One Year's Salary: Europe Caps Banker Bonuses

SPIEGEL ONLINE - February 28, 2013

In a bid to address widespread public outrage over greed in the financial sector, European officials have agreed to legislation capping bankers' bonuses at a maximum of a year's salary. Great Britain fought to prevent the measure, but failed to rally enough support. more... Comment ]