Banks

Law
Attempted break-in in Sparkasse Hamburg

On Saturday evening, a cleaner in a Hamburg Sparkasse branch informed the private security service after noticing something inexplicable.

Alarmed police officers were able to secure an industrial drill in the basement of the bank, with which the unknown perpetrators had apparently tried to drill open the safe.

There are currently no references to the perpetrators.

Technology • Internet & Web
PayPal introduces annual fee for inactive users in some countries
PayPal introduces annual fee for inactive users in some countries
Credit: Courtesy of PayPal

With new usage guidelines coming into force on December 16 inactive users will be forced to pay a inactivity fee that will only be deducted from existing credit on the respective accounts.

If the available amount is not sufficient, then only the remaining credit is used up. Linked payment sources such as accounts or credit cards will not be accessed. The penalty will be twelve euros and it is not clear in which countries it will be introduced.

Business • Economy
Spain: CaixaBank and Bankia merger blessed by shareholders
Spain: CaixaBank and Bankia merger blessed by shareholders
Credit: CaixaBank

Spanish banks CaixaBank and Bankia teams agreed to a merger that would create an entity with total assets of about 665 billion. Reuters reports that sources close to the deal confirmed the main shareholders greenlight the merger, to be signed in the next few days.

The new bank would surpass Santander and BBVA in the Spanish market with a combined market share of around 30%. Both Santander and BBVA would remain bigger globally, but not in Spain.