“Payback time”: how the u.s. Government recovers its money from banks

Since the 2008 financial crisis, many banks have received large amounts of government money to stabilize their balance sheets. At the time, the U.S. government decided to invest in the country’s big banks – a decision that is now considered controversial. But while the banks raked in billions in profits in the years that followed, the risk to taxpayers was probably not reduced accordingly.
Now, however, the U.S. government seems to have found a way to get its money back. With the so-called “payback time” strategy, it is requiring banks to pay off their debts and repay government funds. Many institutions have already begun to reduce their debts and reimburse the government. But repayments are proving more difficult than expected.
In this article, we will take a closer look at the U.S. government’s “payback time” strategy and examine which banks have already begun to pay down their debt and why, in many cases, repayments are still not forthcoming.

The impact of the financial crisis on banks

In 2008, the global financial crisis broke out and many banks were in trouble. The U.S. government decided to invest enormous sums of taxpayer money in banks to prevent economic disaster. In the aftermath, however, there has been widespread public debate about the banks’ responsibility for the crisis and the need for them to pay back the money they were given by the state.

“Work-child balance: working mothers in finance – is it possible??

Reconciling work and family is still a big issue, especially for mothers. In today’s workplace, employees are expected to be flexible and engaged. But what about when life begins as a working mother??

Finance is a demanding industry where long working hours and high performance requirements are part of everyday life. But even here, there are many mothers who want to pursue their careers. However, how can they manage the balancing act between career and family??

Financing the transformation: the central role of the financial markets

The transformation to a carbon-neutral economy will require enormous investments in the coming decades. But who will finance them? Global financial markets play a central role in this. Because only they have the potential to provide the necessary resources on a sufficient scale.
Investing in renewable energy, sustainable mobility and carbon-neutral sectors of the economy requires a major shift in financial systems, in addition to private investors. In particular, the integration of sustainability criteria into decision-making processes and investment strategies is becoming increasingly important. This is the only way to ensure long-term, sustainable investments with correspondingly solid returns.
But the question of whether financial markets are actually capable of providing the necessary financing remains controversial. Negative experiences in the past in particular have shown that a purely profit-oriented approach to investments can lead to short-term decisions and a neglect of sustainability aspects. Overall, it will be a matter of how targeted incentives and regulations are set to finance the transformation toward a climate-neutral economy while taking long-term sustainability criteria into account.

The importance of financial markets for the transformation

The shift to a more sustainable economy requires huge investments that cannot be funded by government institutions alone. This is where the financial markets come into play. They enable companies, investors and governments to raise capital to develop green technologies and invest in sustainable projects. Financial markets can thus be an important driver for the transformation toward greater sustainability.

10 Steps to the best credit preparation

There are many reasons why people decide to take out a loan: whether it’s to finance a new car, renovate your own four walls or bridge financial bottlenecks – without the necessary capital, you often can’t achieve important goals. But before you decide to apply for a loan, there are a few aspects you should consider to maximize your chances of getting approved and thus ensure the best possible loan preparation. We have compiled the most important tips that will help you prepare for your loan.
Tip 1: Clarify your income situation
Before you apply for a loan, you should be aware of how much money you have available each month. Here your income plays a decisive role. Most banks and credit institutions prefer employees with a permanent employment contract. A regular income and a good credit score are also important factors to consider when getting a loan.
Tip 2: Check Schufa data
Before applying for a loan, it is worthwhile to obtain a credit report (Schufa). This is information about your own creditworthiness and solvency. In this way, possible difficulties or outstanding debts can be identified and resolved at an early stage.
Tip 3: Explore savings potential
The higher the amount of your own equity, the more favorable the loan conditions often turn out to be. So if you have cash reserves or can regularly put something aside, you have a good chance of getting a loan.
Tip 4: Calculate credit requirements realistically
Before you apply for a loan, you should think carefully about how much money you need. A realistic calculation will help you determine the best amount to borrow.
Tip 5: Work out term and installment planning
The term of the loan and the installment amount should also be planned carefully. You should bear in mind that a longer term means lower installments, but more interest. A shorter term means higher installments, but also lower interest rates.
Tip 6: Make a loan comparison
Before deciding on a particular loan, compare different offers with each other. It is worth paying attention not only to the interest rates, but also to the other conditions.
Tip 7: Prepare all documents
Once you have chosen a loan provider, you should fully prepare all the necessary documents. This includes, for example, salary statements, identification documents and bank statements.
Tip 8: Fill out the application form carefully
The application form should also be filled out carefully. All information should be complete and truthful to ensure fast and uncomplicated processing.
Tip 9: Be patient
After the loan application has been submitted, it is important to be patient. The processing time can vary depending on the credit institution and it is important to respond to requests quickly and correctly.
Tip 10: Check the loan agreement carefully
Once you have the loan agreement, you should review it carefully and contact the lender if anything is unclear. The loan is not legally binding until the credit agreement has been concluded and signed.

Keep track of your finances

Before you take out a loan, it is important that you have an accurate overview of your finances. An inventory will help you evaluate your current income and expenses and decide how much money you can afford to spend.

A soccer field with stacks of money several meters high

A soccer field with stacks of money several meters high

At first glance, the world of soccer is a playground for athletes, fans and emotions. But if you look closer, you can also see the enormous economic success associated with this sport. Clubs, sponsors and investors rake in trillions with the round leather – an incredible performance.

Money is omnipresent in the soccer industry and shapes the daily lives of players, coaches and fans alike. A soccer field with stacks of money several meters high – this is how you could describe the nature of this world. Because if you want to compete in world soccer, you need a thick bank account and good connections. The game on the field alone is no longer enough.

Everything you need to know about loans

Have you ever heard of a loan? Whether you need a loan for a long-planned trip, for a new car or to renovate your own home, a loan can help put your plans into action. Loans come in different types and varieties, so they can also have different advantages for you.

Most banks and lending institutions offer different types of loans to meet the specific needs of their customers. Depending on your needs, unsecured or secured loans, short- or long-term loans, installment loans or overdrafts may be right for you. However, in order to find the best loan for your financial situation, you should first familiarize yourself with the different types of credit.

The 10 best-paid professions in germany in 2018

“Work for the sake of bread works out food for our bodies, but work for the sake of work works out growth for our minds.” – M. K. Soni
There are professions that pay better than others – this is now a well-known fact. Would you like to know which professions in Germany were the best paid in 2018? Here is the list of the 10 highest paid professions in Germany, which may help you make an informed decision about your career.
The pay of a job depends on several factors, including the industry you work in, the experience you bring to the job, and your educational background. In this list, you will find professions that are the best paid on average, based on 2018 data.

Doctors: a vivid example of one of the best-paid professions in Germany

Doctors are among the top earners in Germany, making them a good indicator of the highest-paid professions in the country. According to a 2018 study, physicians have an average salary of about 110.000 euros per year. This is not only because medical professionals have to go through a long training period, but also because of the high level of responsibility they bear.

New energy through debt rescheduling: switch credit and save

Many people are familiar with the problem: current loans are a considerable burden on the monthly budget. Debt restructuring can be a sensible alternative to regain financial freedom. A debt restructuring means that an existing loan is paid off and replaced by a new one, which often has much more favorable conditions. In this article, you will learn how you can gain new financial strength by switching loans.

In addition to financial relief, there are also other advantages to debt restructuring. By consolidating multiple loans, you can also reduce your monthly burden and thus increase your budgetary flexibility. In addition, the term of the new loan is often extended, which can lead to further relief.