Money

How one piece of paper holds the key to your future in Germany

From being able to rent a flat to getting a phone line, a form called a Schufa can be a decisive factor for many. With NGOs calling for the procedure to be more transparent, what exactly is this paper and why is it so important?

theft 1

Banks exchange 1000s of credit cards after hack attack

Several large German banks have had to exchange thousands of customers’ credit cards after details were stolen in a hacker attack at the end of last year.

Frankfurt

Deutsche Bank shares tank after profit warning

Shares in Germany's biggest bank, Deutsche Bank, plunged in early trade on Wednesday after it issued a profit warning.

Economy

Merkel pressures banks to tap rescue packages

German Chancellor Angela Merkel criticized banks on Wednesday for being too proud to tap Berlin's €480-billion ($625-billion) rescue package and lend more money to recession-hit firms.

Economy

Every German 'could get €500 gift voucher'

The German government is considering giving the country's consumers €500 vouchers to stimulate the flagging economy, financial daily <i>Handelsblatt</i> reported on Tuesday.

banking

Deutsche Bank CEO gives up bonus of millions in 'solidarity'

The head of Germany’s biggest bank will forego his annual bonus of several million euros to show solidarity with staff in this time of financial crisis, he told daily in an advance release of <i>Bild am Sonntag</i>.