german

41 German Banks Now Charge Negative Interest Rates

</header> <strong>The number of German banks charging negative interest rates has been rising rapidly. At least 41 banks now charge negative interest rates on deposits. According to reports, seven of them are imposing negative interest rates even for small deposit amounts.</strong> Also read: Survey: 58% of German Banks Charge Negative Interest Rates 41 Banks Charging …

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Boerse Stuttgart’s Bison Trading App to Add Bitcoin Cash and Launch Desktop Version

</header> <strong>Bison, the crypto trading application offered by Boerse Stuttgart, has seen a remarkable growth of users in the past 12 months, the group announced this week. Germany’s second-largest stock exchange is now planning to expand its features and offer traders in Europe another cryptocurrency option, bitcoin cash (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a>). </strong> …

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Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring

</header> <strong>A year of reorganization has left its mark on Germany’s leading financial institution. Deutsche Bank revealed this week it suffered significant losses in the last quarter and all of 2019. The banking giant claims that the damage is “entirely driven by transformation-related effects” such as compensation for sacked employees and devalued assets. </strong> Also …

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Boerse Stuttgart and SBI Partner to Expand Crypto Services in Europe and Asia

</header> <strong>Germany’s second-largest stock exchange and a major financial services group in Japan have partnered to expand their crypto operations in Europe and Asia. Boerse Stuttgart recently launched its crypto trading platform while SBI has been expanding its crypto business operations for several years.</strong> Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY …

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Major German Coop Bank Passes Negative Interest Rates to Customers

<header class=”article__header”> </header> <strong>One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about passing on negative rates.”</strong> …

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Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide

<header class=”article__header”> </header> <strong>Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany.</strong> Also read: Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000 …

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Major German Stock Exchange Group Launches Crypto Trading

<header class=”article__header”> </header> <strong>Boerse Stuttgart Group, which operates Germany’s second-largest stock exchange, has launched a regulated crypto trading platform, in partnership with Solarisbank. Customers can connect directly to the new exchange and trade bitcoin against the euro without a broker.</strong> Also read: Indian Parliament Member Helping Crypto Community Influence Regulation German Regulated Crypto Trading Platform …

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Smokescreens and Mirrors: How Does a Country Do an ICO? They Call It QE

</header> <strong>Financial regulators all around the world have been cracking down hard on ICOs for promising more than they can deliver. At the same time governments and central banks are pulling off far worse scams, such as QE, wiping out the savings of everyone that depends on them. To hide this fact they use obscure …

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German Derivatives Exchange Rumored to Be Launching Crypto Futures

<strong>Eurex, a derivatives exchange that is operated by German exchange organization Deutsche Börse, has announced its intention to launch several crypto futures contracts. The company is reportedly planning to introduce contracts for BTC, ETH, and XRP.</strong> Also Read: US ETF Ruling to Inform South Korean Cryptocurrency Market Eurex Expected to Launch Crypto Futures Contracts Deutsche …

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