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Low interest rates burden the business of building societies

Berlin – The low-interest-rate phase continues to make life difficult for building and loan associations: New home loan and savings business in 2017 was unable to match the previous year’s results. This was announced by the Association of Private Building Societies.   The whole industry is under pressure: Legally high-interest legacy contracts do no good […]

Services: forcing banks to their customer’s insurance?

Consumer advocates and insurance agents share access to credit institutions. Their criticism: Unfair advice. Customers would get about life insurance imposed if they wanted a loan. Versicherung sold through a variety of channels: the Internet, the company’s bound representative or the independent broker with honorary consultants or in the bank. The model of “bancassurance”, ie […]