Europe is working on an internet platform for the sale of bad loans

Europa is working on an internet platform for the sale of bad bank loans with a volume of several hundred billion euros. This is to help the economy of the Eurozone, which has been battered by the Corona crisis. “The idea is to open the market for buyers of smaller portfolios with an Amazon or […]

What stocks moved the New York Stock Exchange

On the corporate side, the focus was on Walt Disney shares. According to a press report, the entertainment giant is facing a significant austerity program in its Disney-ABC television division. In addition to a renovation, this also included job cuts, as the “Wall Street Journal” reported, citing people familiar with the situation. “Layoffs are likely […]

Italy’s banks are lending more

Italian central bank in Milan Italy has suffered a lot from the corona crisis: The country’s economic output has plummeted by almost 15 percent. (Photo: AFP) Milan Italian banks significantly expanded their lending to companies during the corona crisis in June. In the month they extended 3.7 percent more loans to companies than a year […]

Central banks secure the provision of cheap dollar loans

European Central Bank The ECB wants to secure the supply of companies and banks with dollars with five more central banks. (Photo: dpa) Frankfurt In view of the global corona crisis, the European Central Bank (ECB) and other large central banks want to ensure the supply of cheap dollar loans in a coordinated action. The […]

“Above all, capital flight drives the Target balance”

Frank Westermann, economics professor at the University of Osnabrück Photo: private With its monetary policy, the ECB supports capital flight to Germany, says Frank Westermann, economics professor in Osnabrück. It’s not without risks. Mr Westermann, the German balance from the European Target 2 payment system has now risen above the one trillion euro mark for […]

Euro / Dollar: The euro continues to make gains

Euros and dollars Much of the world’s transactions are processed in the two currencies. (Photo: dpa) Frankfurt The euro continued on Thursday’s gains from the previous day. The common currency was trading at $ 1.1264 in the morning, slightly higher than the previous day. The European Central Bank (ECB) had last set the reference rate […]

How Bafin boss Felix Hufeld justifies himself

Berlin, Frankfurt Felix Hufeld was more important for the finance politicians this Wednesday afternoon than the Chancellor. The hearing of the Bafin chief in the finance committee should actually end by 1 p.m. at the latest, since then Angela Merkel (CDU) commented on the German EU Council Presidency in plenary. However, from the point of […]