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Tag Archives: bank

The bank and the client

the bank and the client

A few days ago, I met Dan, an old friend of mine and he made the impression to be in a good mood. ‘Hello Dan, you look happy.’ I said to him while we were shaking hands. ‘Well’, he replied ‘I finally managed to save some money’. Dan explained, that …

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Financials – To know or not to know

financial quiz

To find out the level of financial literacy worldwide, Standard & Poor’s, Gallup, the World Bank and the George Washington University conducted a survey: More than 150’000 adults in 140 countries were quizzed on their understanding of financial concepts: Here’s the quiz: 1. Risk Diversification: Question: Suppose you have some …

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It pays to save

save money

The other day, I met Lucia, an interior designer, for a tea in town. After we exchanged a few pleasantries, she came to the point: ‘I need a 10’000 EUR loan for personal reasons in six to twelve months. Do you have an advice?’ ‘Have you any other debt and …

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Where your bank gets your mortgage

bank, mortgage, loan

Euribor is the interest rate at which a large number of European banks do provide short term loans to each another. The Euribor (Euro Interbank Offered Rate) was first published on Dec 30, 1998 before the introduction of the EUR as a currency on Jan 1, 1999 (see chart below). …

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