a violation
of economic sanctions decided by the ally USA can get really expensive?
That came to our mind in view of Putin's visit to Iran: Commerzbank not only had to accept a fine of 1.45 billion dollars in the spring of 2015 for prohibited Iran transactions.
She also had to pay a US minder, which insiders say cost tens of millions a month for two years.
Hanno Mussler
Editor in Business.
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Judith Mandel
is moving from LBBW to the Management Board of Wibank, which belongs to Helaba?
At the state development bank in Hesse, Mandel succeeds Claudia Hilllenherms, who has joined the board of directors of NRW-Bank.
the Apotheker- und Ärztebank is intensifying its IT cooperation with Avaloq
?
After the migration to the core banking system failed terribly in 2020, Avaloq is now also taking on development activities related to the core banking system of Apobank in addition to operation.
Markus Weis
is the new Germany boss of the State Street fund company?
Weis joined from ETF rival Vanguard and succeeds Stefan Kuhn, who has joined Fidelity.
the British bank Natwest
founded a German subsidiary?
Thomas Jakob, who most recently worked for Hamburg Commercial Bank, was hired as head of Germany.