banks

Bank gave rate-fixer €80 million bonus in crisis

Deutsche Bank gave a former investment banker employee a record €80 million bonus at the same time as the financial crisis hit and managers were having to refuse extra money, it emerged on Wednesday.

Economy

'Wise man' warns bank levy could spark crisis

One of Germany’s “wise men” of economics has cast doubt on the government’s plan to charge banks a levy that would be used to bail out troubled financial institutions, warning on Tuesday it could spark a credit crisis.

Economy

ECB warns against taking eurozone recovery for granted

The head of the European Central Bank stressed on Friday that the global financial crisis was not yet over, requiring eurozone monetary officials in Frankfurt to maintain special support measures despite growing optimism for a recovery in Germany and Europe.

Economy

Germany unveils €17.5-billion plan to fight credit crunch

Germany on Tuesday unveiled a €17.5-billion ($25-billion) plan to fight lingering credit crunch problems in Europe's largest economy by lending directly to banks and bolstering insurers.

Economy

Steinbrück mulling state loans to combat credit crunch

German Finance Minister Peer Steinbrück said on Wednesday he was considering giving low-interest state loans to cash-strapped firms in order to prevent a credit crunch hampering a recovery in Europe's biggest economy.