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#AppZwang #Banking #2FA #TAN #PSD2
 
UK pair accused of defrauding German state through ‘cum-ex’ share trading scheme

Two British investment bankers have gone on trial in Bonn in what German media have called “the biggest financial fraud trial” in the country’s postwar history.

The two British citizens, Martin Shields, 41, and Nicholas Diable, 38, are accused of having defrauded the German state of €447.5m (£405m) from London’s banking district with so-called cum-ex trading schemes, a complex shell game of share transactions.
British bankers on trial in Germany charged with €447m fraud
#Germany #Banking #Business #Europe #Worldnews #UKnews
 

Temenos acquires Kony for its digital banking product


#acquires #banking #digital #kony #product #temenos
 
Jyske Bank will effectively pay borrowers 0.5% a year to take out a loan

A Danish bank has launched the world’s first negative interest rate mortgage – handing out loans to homeowners where the charge is minus 0.5% a year.

Negative interest rates effectively mean that a bank pays a borrower to take money off their hands, so they pay back less than they have been loaned.
Danish bank launches world’s first negative interest rate mortgage
#Mortgagerates #Denmark #Mortgages #Europe #Banking #Business #Property #Money #Banksandbuildingsocieties
 
Move means savings of £1.7m would attract fee of £10,700 for clients in Switzerland

Swiss banks are to start charging their super-rich clients to look after their piles of cash.

UBS, the world’s largest wealth manager, told its ultra-wealthy clients on Tuesday that it would introduce an annual 0.6% charge on cash savings of more than €500,000 (£461,000). The fee, to be introduced in November, rises to 0.75% on savings of more than 2m Swiss francs (£1.7m).
UBS to charge super-rich for cash deposits
#UBS #Banking #Currencies #Switzerland #Globaleconomy #Money #Worldnews #Business #Europeanbanks #Europe
 
German lender counts cost of plan to cut 18,000 jobs as it records €3.1bn shortfall

Deutsche Bank has made its biggest quarterly loss in four years as it counts the costs of plans to reduce its global workforce by 18,000.

The German lender made a €3.1bn (£2.8bn) net loss in the second quarter, driven by €3.4bn in costs related to job cuts and reorganisation at the bank.
Deutsche Bank posts worst quarterly loss in four years
#DeutscheBank #Banking #Business #Germany #Europeanbanks #Europe #Financialsector #Worldnews
 


#JM
#Vatican #Banking #Saturn Judges UCC Criminal Justice Swiss Guard

A power-packed 5minutes by #Jordan Maxwell on the history of Vatican, banking and what is going on there. Why do they have a SWISS guard? See the occult in plain sight and how it's largely about the worship of Saturn, the god of this world.
 
BIZ: Einstieg von Tech-Unternehmen in Finanzbranche birgt Monopol-Gefahren
https://www.heise.de/newsticker/meldung/BIZ-Einstieg-von-Tech-Unternehmen-in-Finanzbranche-birgt-Monopol-Gefahren-4469732.html
#Banking #Finanzdienste #Kryptowährung #Netzwerkanalyse
 
Managers called tailors to London office as thousands of traders lost jobs

Deutsche Bank’s chief executive, Christian Sewing, has personally rebuked managers who ordered tailors to their London office as thousands of traders were let go on Monday.

“I can’t understand that someone would call tailors to fit suits on Monday. On the same day, we had to tell many colleagues in share trading that they had to leave,” Sewing told the German business daily Handelsblatt in its Friday edition.

1989-1999
Deutsche Bank chief slams executives over suit-fitting on cuts day
#DeutscheBank #Banking #Business #Europeanbanks #London #Europe #UKnews #Germany #Financialsector
 

Lendy.co.uk a P2P lending service is going bankrupt after a few years of operations...


I spend a lot of time thinking about alternatives to #Banking. I'm not really sure how I feel about this story yet. I first heard about it in the last few minutes of the FT #Podcast called #BankingWeekly.
Subscribe to read | Financial Times
It appears that the Lendy company had been scaling operations up significantly since about January of 2016. Financially, they looked honorable. Theoretically, they seemed as feasible as ride-sharing services. They knew people with money, and people that needed money, so they were a glorif... Show more...
 
The Public #Banking Revolution Is Upon Us
The Public Banking Revolution Is Upon Us
 
Telefonbetrug: Android-App schickt Opfer direkt zu den Tätern
https://www.heise.de/security/meldung/Telefonbetrug-Android-App-schickt-Opfer-direkt-zu-den-Taetern-4357310.html
#Android #Apps #Banking #BlackHat #Malware
 
Swedish lender ousted Birgitte Bonnesen ahead of its AGM on Thursday

Swedbank has sacked its chief executive amid a growing money laundering scandal that the Swedish lender says has heaped “enormous pressure” on its operations.

The lender announced Birgitte Bonnesen’s dismissal shortly before it was due to hold its annual general meeting in Stockholm on Thursday, and comes after reports by Sweden’s state broadcaster threw the lender’s conduct into the spotlight.
Swedbank chief sacked amid money laundering scandal
#Banking #Sweden #Business #Europe #Worldnews
 
Neue Kreditkarte: Apple will bis zu 24,24 Prozent Zinsen sehen
https://www.heise.de/mac-and-i/meldung/Neue-Kreditkarte-Apple-will-bis-zu-24-24-Prozent-Zinsen-sehen-4348745.html
#AppleCard #ApplePay #Banking #Fintech #Kreditkarten #Zinsen #iPhone
 
The Rothschild Family

Baron Rothschild: “the time to buy is when there’s blood in the streets.”





to be honest – i would like investors to do the exact opposite – i would like them to invest into stability – into making societies and economies fair, just and resilient – and not profit from the suffering of others – like vampires.

in short: be good citizens.
  • give 0% loans to people that need a modest home
  • give 0% loans to people that want to produce their own food, electricity, heating
  • give 0% loans to institutions that research technology for the be
... Show more...
 
do not abolish cash! this is why digital phone payment is NOT safe

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while overall cryptocurrency is a good idea – because it allows decentralized money transactions.

… it is not cool that
  • your name
  • postal code
  • birth date
  • phone number
… are enough info for social engineering hackers to set a new password to your account or initiate a SIM phone number swap and steal millions and millions in cryptocurrency!

social engineering centers on:
  • Amazon and Co say: “customer is king
... Show more...
 
do not abolish cash! this is why digital phone payment is NOT safe

Image/photo

postal code, birth date, phone number and name, social engineering and SIM swaps stole millions and millions of cryptocurrency!

social engineering centers on:
  • Amazon and Co say: “customer is king” – well yes – but changing passwords by people that you can not properly verify / authenticate is a horror scenario.
  • BigData and information-over-sharing – the more information hackers have about you
    • the easier they can lure phone-support-staf
... Show more...
 
do not abolish cash! this is why digital phone payment is NOT safe

Image/photo

postal code, birth date, phone number and name, social engineering and SIM swaps stole millions and millions of cryptocurrency!

social engineering centers on:
  • Amazon and Co say: “customer is king” – well yes – but changing passwords by people that you can not properly verify / authenticate is a horror scenario.
  • BigData and information-over-sharing – the more information hackers have about you
    • the easier they can lure phone-support-staf
... Show more...
 

Payment of the future


Prolog: This is my first try of using the Diaspora as a blog. But I really need to share my experiences with mobile payment and modern banks with you. Like it. Or don't like it.

It is all is still an experiment. After reading it some will say, it's a privacy and data protection and anything nightmare. To be honest, finally I don't care much about it. My clear goal was to improve the way I pay in shops. Mission accomplished.

If you're a customer of N26 bank already, you'll know the story. Nevertheless I will tell you, the world and alien visitors what I went through.

All comes from chaos

Do you know the situation paying your purchases at the local groceries store? I feel usual payment methods somewhat annoying. Money: does still many people use it actually? Cards: picking a tiny card out of narrowly manufactured purses, doing something with the card and the terminal, than suddenly being asked for a pin, don't know how or where to store the card so quickly, putting purse and card and car keys somewh... Show more...
 
Bernard Lietaer - this world just lost a visionary - Rethinking Money

https://twitter.com/monnetaorg/status/1092918755766796288

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... Show more...
 
this world just lost a visionary to cancer

https://twitter.com/monnetaorg/status/1092918755766796288

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😢😢😢

https://en.wikipedia.org/wiki/Bernard_Lietaer

\#money #alternative #reform #systems #vollgeld #bge #altcoopsys #alternatives #alternativgeld #OsOfSociety #OperatingSystemsOfSociety #SystemPhilosophy #dinero #dollar #euro #yen #rubel #sustainability #resilience #complementary #complementarycurrency #cooperation #monetaryreform #financialreform #financialsystemreform #financialcrisis #mortagecrisis #debtcrisis #suprimecrisis #occupywallsreet #occupyfrankfurt #finance #geldsystem #geldreform #moneysystem #financialsystem #economics #ecologicaleconomics #economy #capitalism #kapitalismus #system #rip #kia #cancer #lietaer #currency #monetary #bank #banks #banking #subprime #2008 #crisis
Originally posted at: https://altcoopsys.org/2019/02/06/this-world-just-lost-a-visionary-to-cancer/
this world just lost a visionary to cancer
 

La Malaisie dépose des accusations de fraude criminelle contre Goldman Sachs


Malaysia Files Criminal Fraud Charges Against Goldman Sachs
Malaysia Files Criminal Fraud Charges Against Goldman Sachs

#Banking #InternationalBanking #BankingFraud #GoldmanSachs #CriminalFraud #LloydBlankfein

ZeroHedge
by Tyler Durden
2018-12-17

EXCERPT / EXTRAIT

In an unprecedented move that possibly foreshadows similar charges from the US DOJ - and lots of headaches for the "recently retired" Lloyd Blankfein - the Malaysian attorney general has filed criminal charges against Goldman Sachs - targeting two of the investment bank's Asian subsidiaries and two former Goldman bankers who have already been charged by the US (former Southeast Asia head Tim Leissner and banker Roger Ng) and accusing the investment bank of violating the country's securities laws by lying in bond agreements for three deals that raised $6.5 billion for 1MDB
...
 
How John Pierpont Morgan avoided war and being military drafted - Historian Howard Zinn: USA could become humanitarian SuperPower at the fraction of the costs

Historian Zinn: "USA could become humanitarian SuperPower at the fraction of the costs" ... Show more...
 

We need to stop using credit cards in South Africa - Need to use Mobile Phones instead


While restaurants are getting rid of plastic straws and stores make you pay for plastic bags, there is another “plastic problem” in South Africa – credit cards and loyalty cards.

“We live on our phones. Mobile commerce, or mcommerce, is a way of life. And the technology exists not only to pay, but to earn loyalty points and redeem rewards seamlessly, with your phone. No cards,” said White.

“Countries like China and India have almost entirely eradicated cash and cards. Consumers pay for just about anything, anywhere, using their phones through apps such as AliPay and WeChat Pay.”

These apps provide customers an easy, frictionless payment experience – while gaining greater insights into customer behaviour and enabling them to increase customer loyalty through personalised discounts and promotions.

I do have a pack of loyalty cards still but I must say my most commonly used shops do have mobile apps for loyalty poi... Show more...
 
Kumhof - banking theory fundamentally wrong - Financing by money creation not intermediation



Kumhof – financing through money creation – Recent model intermediateion of loanable funds theory misrepresents how credit is created in the real world

loans -> deposits -> reserves

... Show more...
 
Regierungsystem und Finanzsystem - Dummheit oder Absicht - Kumhof TextBook definition of Banks wrong

Kumhof: “There needs to be a banking system that finances productive investment”


Übersetzt:

“Es muss ein Banken-System geben welches Produktive Investitionen finanziert”


scheinbar tut es das gerade nicht – nicht ausreichend – scheinbar gehen nur 8% des neu erstellten Geldes als Kredite an Firmen die Arbeitsplätze schaffen (wollen). Ohne Arbeitsplätze gibt es Bürgerkrieg. (see “how money is created and why it increases inequality“)

Hypoth... Show more...
 

FinTech banking’s nightmare frozen customer money problem


#banking #customer #fintech #frozen #money #nightmare #problem
 
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