The Bank’s Situation in Germany

In general, German banks are a more complicated situation in terms of profitability than their counterparts in other EU countries due to very low interest rates (CNBC, 2019). One of the main problems is the proliferation of small savings banks, there are about 400 savings banks in the country known as Sparkassen, which represent 15 percent of the total assets of the banking sector (Internationalbanker, 2019), these boxes savings present a personalized service, neighborhood, which is not free of cost.

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If I were the Director of a Deutsche Bank Neighborhood Bank

The Deutsche Bank (DB) subsidiary is located in the Bogenhause neighborhood in Munich, Germany. Bogenhause is a residential neighborhood, located on the outskirts of Munich. As director of the subsidiary, you are aware of the number of challenges to which the bank is plunged and pay special attention to the specific aspects of the subsidiary.

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N26, My Bank In Germany

N26 is a German bank founded in 2016, which operates in most of the euro zone countries, Switzerland and the USA. The entity is classified as a neobank, 100% digital and accessible to customers only in mobile applications and website. In 2019 Forbes announces that N26 the entity became the online bank with the highest market capitalization in Europe, ahead of Revolt.

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Tandem Interactive Brokers and N26

The prestigious Barron’s newspaper, specializing in financial and economic information, published the online broker ranking for 2019 (Miller, 2019). The winner was Interactive Brokers (IB), a situation that has occurred in previous years. This assessment is endorsed by other organizations such as Broker Chooser (2020) that classifies IB as the best online broker, best broker for daily operations and best broker for futures.

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Master in Financial Advice and Asset Management

My motivation to specialize in finance is due to my interest in investment in the stock market. It is something that I have been doing for a few years and I want to expand in the personal and professional field. However, the knowledge acquired during my MBA is not enough to fully develop a career in financial advice, complementary to my professional development as a director and engineer.

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My Picks Yesterday in the Stock Market

Royal Dutch Shell Reached a historical valley few months ago, in my opinion it will have upward trend because seems that OPEC and other producers will cut oil production. Huge market cap 208B USD, great dividends 7.4%, undervalued P/E -31, webs like OnVista recommends buy.

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ING DIRECT Spain Abusive and Unprofessional Behavior

I write this message to denounce the bad service of the ING DIRECT Spain bank and its abusive behavior. This is my story: I am a resident abroad and in one of my calls to ING they suggested that I fill out a form to avoid withholdings in Spain. A great idea since I pay my taxes abroad.

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