The Germans' favorite banks. I'm with ING and N26. Where are you?
#bank
#banken
#geld
#deutschebank
#commerzbank
#comdirect
#ing
#n26
The Germans' favorite banks. I'm with ING and N26. Where are you?
#bank
#banken
#geld
#deutschebank
#commerzbank
#comdirect
#ing
#n26
More loans for people with low incomes? 🏦💰
Dear getquin Community,
I had a fascinating discussion with my friends yesterday about whether banks should be required to lend to low-income people to promote financial inclusion.
Financial inclusion is an important step in the fight against poverty and inequality. Banks play a crucial role in this by providing loans to low-income people. Personally, I find it difficult when banks are required to make such loans, as they can increase the banks' risk of default. Nevertheless, I would like to see banks make more loans to low-income people. A good example of this is Muhammed Yunus and the Grameen Bank, who have shown that it is possible to reduce poverty and improve people's lives through microcredit. In 2006, he was awarded the Nobel Peace Prize for this. There are many benefits of more people having access to credit, such as more economic stability, more business start-ups, and more employment opportunities. I personally believe that banks should take their responsibility and work harder for financial inclusion.
What do you think about this topic? Do you think banks should do more to promote financial inclusion by lending to low-income people? Or should banks even be required to do so?
Economy on 27.03.2023...
Volatil as f.uck or comes now slowly calm purely?⤵️
As all could read yes also at the weekend, says Dirk Mueller, that it goes now only correctly loose. A bank after the other gets now difficulties and and. Well we know Dirk yes all....
For me now begin 2 weeks of vacation (compulsory vacation, have this year still far more than 50 days, which I must take) and I will deal with it in this time times a little more. Above all I want to question my investment in $WFC
Wells Fargo a little bit and read through here a little bit. I started investing in the bank where it was marked with scandals and is in restructuring. Only because of that I am despite high price loss, still in the plus and look at it quite relaxed.
I will hold back the week but generally still with purchases and look at me once more, what the market is doing so. Cryptos are currently still quite stable and here I also let my savings plan continue to run. Also this week there will be again some numbers. What exactly, you can see in the picture below this post.
But now first to this day today:
Economic data
10:00
11:00
No time stated:
Quarterly figures / Corporate dates Europe
07:00 Wienerberger AG, detailed annual results
07:00 Deutsche Pfandbriefbank AG, detailed annual results and annual report
07:30 Salzgitter AG, annual results (09:00 BI-PK)
07:30 Aurelius Equity Opportunities SE & Co KGaA, detailed annual results
07:30 SNP Schneider Neureither & Partner SE, 1Q results
09:00 ENBW Energie Baden-Württemberg AG, detailed annual results (10:30 BI-PK; 15:00 analyst conference)
10:00 Nordex SE, Extraordinary General Meeting to pass resolution on the conversion of shareholder loans into equity
12:00 Biontech SE, annual results (14:00 analysts' conference)
No time stated: DE/Commerzbank AG, Annual Report, DE/Hypoport SE, Annual Report
#quartalszahlen
#boerse
#börse
#aktien
#news
#newsroom
#community
#communityfeedback
#nachrichten
#täglich
#investieren
#wirtschaft
#politik
#inflation
#fed
#rezession
#mitverstandzumkapital
#fed
#krypto
#kryptowährung
#bitcoin
#ethereum
#solana
#zinsen
#ezb
#varta
#hexensabbat
#dax
#creditsuisses
#firstrepublicbank
#jpmorgan
#ezb
#banken
#sixt
The call money craze goes into the next round: 3% interest at the $INGA 📈💰
There have been some recent developments that may be of interest to many of us. Interest rates on overnight deposit accounts are gradually rising and banks are competing to attract customers with the highest interest rates.
One notable announcement recently came from ING: they are now offering an incredible 3% interest on their overnight deposit account, and not only for new customers, but also for existing customers (for the first 6 months).
But what is behind this "call money madness"? The answer is simple: ING and other banks are looking to attract new customers and retain existing ones in order to grow their business. The rising interest rates are a reaction to the general rise in inflation and a way for banks to offer their customers a higher return on their savings.
As investors, it is important to keep an eye on these developments and carefully consider which overnight deposit offers are best suited for our needs. While a higher interest rate may be tempting, we should also consider the bank's fees, terms and security.
My savings are currently in my Trade Republic clearing account, on which I currently receive 2% interest. That's why I decided not to switch to ING.
What do you guys think? Would you switch to another bank for higher interest rates or are you happy with your current interest rate? 💰
If she has shares and ETFs:
#meme
#memes
#comdirect
#banken
#bank
#margotrobbie
#aktien
#aktie
#etf
#etfs
#lustig
#witzig
#funny
#fun
#sexydividends
Bank bondholders lose again
As part of the takeover of Credit Suisse ($CSGN) the Swiss regulator Finma has decided to write off Credit Suisse's AT1 capital in full. This is nothing more than convertible bonds (also known as coco) that are converted into equity when a bank gets into trouble. This is a mechanism that was introduced after 2008 to strengthen banks' capital when needed.
This move came as a surprise to many. Could this trigger a sell-off of bank debt?
Credit Suisse has been the poor student among systemically important banks in Europe in recent years, and with its customers (and to some extent investors) losing confidence, a takeover by longtime rival UBS ($UBSG) was the most obvious outcome.
It looks like a good deal for it, paying only a fraction of the bank's equity, estimated at $49 billion at the end of last year. Now, UBS will probably have to sell some assets to get a handle on competitive issues, but this deal is likely to be value-enhancing and welcome news for the banking system as a whole.
Topic: Trading fees and strategy | Bank employees
Dear Getquin community
I hope you are doing well.
My career path has recently taken me to a bank.
This will now have an impact on my investment behavior as it is not allowed for us bank employees to trade through external brokers according to the guidelines.
Until now, I have traded my assets through Degiro and benefited from the favorable trading fees offered by online brokers. :)
My strategy there was to invest 10% of my income in securities (individual stocks, ETFs, REITs) every month, with a long-term investment horizon. Fees were usually not higher than ~CHF 10 per trade.
With my personal custody account at my employer's bank, I now pay per trade - despite staff conditions:
As you can see, this is significantly more expensive than with online brokers.
In this regard, I would like to get different opinions from the community here on how you would adjust your purchase interval in light of this. I was thinking about investing higher amounts at longer intervals instead of monthly, so that the higher transaction fees don't carry so much weight. Perhaps someone can share their own experiences?
I am very much looking forward to your feedback.
Many thanks in advance.
Have a nice day and happy Easter. :)
#bank
#banken
#banker
#aktienhandel
#strategie
#investieren
#gebühren
#investment
#anlagestrategie
#broker
#depot
#handel
#wirtschaft
#aktien
#etf
Economy on 21.03.2023...
The market moves cautiously to the FED decision ⤵️
Yesterday, the market started with great caution and then recovered at the close of trading, strong. The DAX is even climbing back above 15,000 points. The crypto sector is benefiting the most from the "bank death". Yesterday, the First Republic Bank was again put in focus, which announced last Thursday that it has problems. This was now saved by JP Morgan and Co. with their own capital. Nevertheless, further hard measures are taken internally to bring the bank back on course. This has given the course first :)
Bitcoin is running towards $30,000, which would again be a very prominent point and a strong bullish signal.
The German market is currently not so much affected and is strongly opposed. I assume that the stock market will soon forget the whole spectacle. In the end, the capital must be in the market. This will be sometimes more and sometimes less, sometimes more risky and sometimes less. There will always be profit-taking and reallocations. Currently, a lot has again flowed into the solid tech stocks.
Excitingly, the market now awaits the decision of the Fed. This will again be directional. And I believe that much more important will be what is said for the future. Because currently I think no one expects more 50 basis points. It will be the expected 25 basis points or, with all surprise, a zero number. But both would be rather positive, after the 50 basis points were initially priced in. Much more important is what the FED plans to do in the future. It remains exciting.
Today, the following dates are scheduled:
Japan stock market holiday
Economic data
08:00
09:30
11:00
13:30
14:30
15:00
16:30
21:30
Quarterly figures / corporate dates USA / Asia
21:15 Nike quarterly figures
Quarterly figures / corporate dates Europe
07:00 RWE | Hella | Amadeus Fire Annual Results
07:30 Pfeiffer Vacuum Annual Results
08:00 Kingfisher Annual Results
18:00 Deutsche Euroshop Annual Results
#quartalszahlen
#boerse
#börse
#aktien
#news
#newsroom
#community
#communityfeedback
#nachrichten
#täglich
#investieren
#wirtschaft
#politik
#inflation
#fed
#rezession
#mitverstandzumkapital
#fed
#krypto
#kryptowährung
#bitcoin
#ethereum
#solana
#zinsen
#ezb
#rheinmetall
#vonovia
#varta
#hexensabbat
#dax
#creditsuisses
#firstrepublicbank
#jpmorgan
#ezb
#banken
#schweiz
#ubs
#übernahme
#nike
Economy on 20.03.2023...
Whew, what events on the weekends. More ⤵️
I'm not going to go that deep into it, because I think there will be some posts on that here today. Let's start with the end of the week. Until Thursday we had a phenomenal week... but then....
It came the next bank in the wanken. First Republic Bank. JP Morgan and Co. have decided to save the bank with their own funds. This was of course very well received by the market. Vonovia lowers the dividend and prices in the risk of "revaluation". In return, the company wants to build up reserves and is therefore halving the dividend. From my point of view, the step is necessary and even if it sets me back as a shareholder for the time being, the step will be the right one in the long term.
Now there were the first takeover rumors for Credit Suisse over the weekend. The first offer of UBS was rejected by CS. It committed a complete thriller. One wanted a deal absolutely until the opening of the stock exchanges on Monday. Now a deal stands, which is also very welcome by the FED and ECB. In addition, there is still proper state aid in Switzerland. It will hurt the shareholders but even more the holders of the bonds or ADRs?
I hope that you generally pay attention to always be well diversified. Then one puts such losses also times away. Also with me is in recent days the Wells Fargo and also the Vonovia, so eingekracht, that it is of course stupid, but it can be endured. I am curious what the market does this week. My weekly crypto savings plan on BTC and ETH currently loads well, Will now exciting what happens with it, after the FED this week finally discloses your decision. What is the market currently pricing in here? Rather the zero round or the expected 25 basis points? I think that the 50 basis points are rather off the table. Of course, that had not prevented the ECB, but that is also a different situation. I am curious, continue to build up cash and then strike again targeted.
Economic data
08:00
10:00
11:00
12:00
15:00
16:00
17:00
20:15
No time specified:
Markets/Following index changes to take effect at start of trading:
DAX UPDATE:
DAX EXCEPTION:
MDAX CALL:
MDAX EXCERPT:
TecDAX NOTICE:
TecDAX OUTPUT:
SDAX ADOPTION:
SDAX EXCERPT:
ex-dividend of individual stocks
Eni 0.22 EUR
Quarterly figures / Company dates Europe
07:00 Julius Baer Group Annual Report
#quartalszahlen
#boerse
#börse
#aktien
#news
#newsroom
#community
#communityfeedback
#nachrichten
#täglich
#investieren
#wirtschaft
#politik
#inflation
#fed
#rezession
#mitverstandzumkapital
#fed
#krypto
#kryptowährung
#bitcoin
#ethereum
#solana
#zinsen
#ezb
#rheinmetall
#vonovia
#varta
#hexensabbat
#dax
#creditsuisses
#firstrepublicbank
#jpmorgan
#ezb
#banken
#schweiz
#ubs
#übernahme
Economy on 23.03.2023...
The Day after Tomorrow. The FED does not surprise ⤵️
Yesterday evening, at 7 p.m., the time had finally come. The FED stepped in front of the screens and delivered your decision on the upcoming rate hikes. As surely now all have read several times, these were raised by 0.25% and that was completely in line with expectations. The market reacted less positively to this message. I suspect but rather that it was more about the statements than about the increase itself. The FED is also hinting at continuing to crack down on inflation. "Most banks can handle our increases," Powell said. But again, in the sub-sentence, "We'll stop when we're done." Fighting inflation remains the top priority. Recently, this fell very slightly to 6% and the goal will continue to be to get below 2%. There was also talk of a pause in the increases, but the Council had opposed this. That would have been the "surprise" scenario. The key interest rate is now at 5%....
The markets have reacted negatively to it for now. In my opinion, there was nothing new or a surprise of a negative nature in any of the statements. But alone that the interest rates were raised, triggers probably already 2-3% minus. We'll see if it goes down a bit further today or if the market quickly catches again.
Also the crypto slipped yesterday up to 6% with in the deep. Higher interest rates often means that the risk assets are dissolved first. Dadrunter counts of course Bitcoin and Co. But from my point of view, this will not cause long-term damage. I am very curious how we go out of this week. I will continue to lie in wait for a few days. Cash I have already built up in the portfolio. Would like some of my values Nachkaufen and also see some opportunities for it. But I let the market first take a breath. But in April I plan then the next purchases.
What will still be going on today:
Economic data (abbreviated version)
09:30
10:50
11:20
11:30
12:00
12:30
13:00
13:30
15:00
16:00
18:00
No time stated:
Quarterly figures / corporate dates Europe
06:45 Meyer Burger annual results
07:00 Heidelbergcement | Knorr-Bremse | Nemetschek
07:00 Krones | Vitesco | Zur Rose Annual Results
07:00 Hornbach Trading Statement
07:30 Befesa | CTS Eventim | Scout24 | Hamburger Hafen
07:30 Indus Holding Annual Results
07:40 SGL Carbon | Zeal Network Annual Results
07:55 PVA TePla Annual Results
08:00 LPKF Laser Annual Results
09:30 Volkswagen Commercial Vehicles Annual Results
10:00 Porsche Automobil Holding Annual Results
10:00 KSB SE Annual Results-Pk
11:00 Biotest Annual Results
12:30 Hellofresh Capital Markets Day
13:00 Suse AGM
17:50 Pirelli Annual Results
18:10 Patrizia Annual Results
No time stated: Fresenius SE Annual Report
#quartalszahlen
#boerse
#börse
#aktien
#news
#newsroom
#community
#communityfeedback
#nachrichten
#täglich
#investieren
#wirtschaft
#politik
#inflation
#fed
#rezession
#mitverstandzumkapital
#fed
#krypto
#kryptowährung
#bitcoin
#ethereum
#solana
#zinsen
#ezb
#rheinmetall
#vonovia
#varta
#hexensabbat
#dax
#creditsuisses
#firstrepublicbank
#jpmorgan
#ezb
#banken
#schweiz
#ubs