The financial and economic crisis has affected banks the world over,but some institutions,known as ‘ethical banks’ seem to have benefited. This is because many investors feel insecure and are looking for alternatives to conventional banks.Business at GLS Bank has boomed since October 2008. Queries almost doubled compared with the previous year and the customer base is growing. GLS had 55,000 customers in 2007,a year later,there were 62,000. At the same time,total assets rose some 27 percent to 1.32 billion euros. GLS’s recipe for success is to employ deposits exclusively for environmental,social and cultural projects,so savers’ money is used both sensibly and sustainably. Elisabeth Pongratz visits an organic bakery that has received a loan from GLS bank. At head office,customers,staff and the bank’s founder explain how money can be made ethically.

From challenger banks and digital lenders to payments providers and retailers, fintechs are looking to provide financial services to their end customers in new and interesting ways. But in the U.S., they need access to a banking charter to do so. In this session, you’ll hear from Peter Hazlehurst, Co-Founder and CEO at Synctera, break down what’s involved in standing up a new fintech and explore some of the key considerations you should be thinking about along the way.

Tearsheet’s Big Bank Theory Conference 2021 — Day 2

For more insights on the latest trends in fintech and financial services, go to:
tearsheet.co

GAUMONT GRAPHIC NEWSREEL (REUTERS)

To license this film, visit https://www.britishpathe.com/video/VLVAAMN0JH6Q4BBYXIS6JZOBGUEXR-GERMANY-FINANCIAL-CRASH

Video Roll Title: Confusion in Berlin Banking Circles owing to Germany’s Financial Crash:
Confusion reigns in Berlin banking circles, where critical state of nation’s currency compels drastic emergency measures.

Full Description:

SLATE INFORMATION – Germany in throes of financial panc

GERMANY: Berlin

EXT

Street scenes with people crowding into banks and financial institutions / Some institutions open under special guard / crowds surge forward
Background: Video Roll Title: Confusion in Berlin Banking Circles owing to Germany’s Financial Crash:
Confusion reigns in Berlin banking circles, where critical state of nation’s currency compels drastic emergency measures.

FILM ID: VLVAAMN0JH6Q4BBYXIS6JZOBGUEXR
To license this film, visit https://www.britishpathe.com/video/VLVAAMN0JH6Q4BBYXIS6JZOBGUEXR-GERMANY-FINANCIAL-CRASH

Archive: Reuters
Archive managed by: British Pathé

For the first time since the Second World War, the German government is taking a stake in a major bank. The government will own more than a 25 percent share of Germany’s second-largest bank and thus have a say over the way the institution is run.

In the wake of the global financial crisis, Germany has now joined the ranks of other European countries like Britain and Belgium in partially nationalising a major bank. Christoph Kober provides an overview of financial institutions in crisis.