Follow-up financing experiences. What has this brought upon you?

The interest income is simply the main source of revenue for a bank

More likely the speculation with the available funds...
Interest rates are rather just to have some "security".

More likely the speculation with the available funds.... Interest is rather just to have some "security".

I don't understand your posting. A German commercial bank can only make money in the interest business (customer deposits versus issuing customer loans and surplus investment in e.g. bonds) or in the commission business (fees / brokerage business, etc.). Only the banks that thought they had to play a big role in investment banking and invested in hocus-pocus securities were rescued. People scream when there is aid money, and they scream when there isn’t. But banks make money with interest. So what now? I myself am a small employee of a serious, well-running bank. We don’t have million-euro salaries like the investment bankers and constantly have to listen to cost reductions. Digitization, regulatory requirements (so many reports that cost a fortune) thanks to investment banks, millions of contributions to a default fund for the next crisis, etc. Yes, we earn more than many other industries. But you haven’t gotten anything for free for a long time. More and more is being cut, zero raises and reduction of jobs at the expense of the remaining colleagues. Think about that. By the way, recently the usury interest on defaults of tax offices was overturned. That is brazen.

Too bad about the tax office, because the Neppzins applied to both directions after all

Too bad about the tax office, because the bogus interest rate applied to both directions

Well, the tax office tended to dodge paying.

Brief addition: actually, I can agree with many of your posts and often find them very valuable. But this one really annoyed me because it just came across as condescending, sarcastic, and not very constructive. I genuinely lack the understanding for that, hence my reaction, which admittedly is also not an expression of calmness [emoji6]

I apologize for my post. I wanted to show a different perspective in a somewhat provocative way because the general explanation "too many unforeseeable things happened" is too simple for me. For me, claim management is part of daily business. (There is always more than one way, and often the best way leads to escalation.) In doing so, I overshot the mark a bit.

I apologize for my post. [...] In doing so, I went a bit over the line.

All good, forgiven and forgotten. [emoji4]