The year 2023 marked a substantial 4% reduction in the number of banks in Germany, outpacing the broader Eurozone trend. According to the European Central Bank (ECB), the count diminished by 56, settling at 1,333. Barkow Consulting's data analysis indicates that the pressure for mergers remains a dominant force for German banks and savings institutions, setting the stage for a transformative era in the country's financial sector.
21 sats \ 1 reply \ @dgy 11 Jan
European Banks freezing and stealing money aka enforcing arbitrary sanctions do themselves no favor. Money will leave Europe and new money will not go there anymore for a long time.
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0 sats \ 0 replies \ @TomK OP 11 Jan
Hopefully. That's the only way to dry the parasite (WEF)
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