Word: postbank
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...German savings banks, which are public institutions run by local councils, have been hit the hardest. More than 20 million of these banks' cards were not working when the glitch cropped up on New Year's Day. About 2.5 million cards issued by private banks such as Commerzbank and Postbank were also affected...
...seems that the only remaining piece in the consolidation of the German commercial banking sector is Deutsche Postbank, the former banking arm of the government post and telecommunications monopoly. Its owner, Deutsche Post, itself still controlled by a large government shareholding, wants to sell. Until now, a sale to Commerzbank was considered prudent, but the newly enlarged bank is unlikely to be interested, analysts...
...that Germany has safeguarded its core commercial banks from foreign raiders, the Postbank, a large retail bank with no corporate lending or investment banking activities, could end up in foreign hands. "Postbank is the last chance for anyone who wants get into the German commercial banking market," said Becker, the Merck Finck analyst...
...with Germany's commercial banks among the least profitable in the world and the power of state-owned banks still unbroken, it's unlikely that the barbarians will be crashing the gates for Postbank...
...same concept and made its services available through voice commands over a telephone. At chocolate maker Hershey, for example, employees can input their travel expenses by voice over the telephone. Deutsche Telekom has improved its self-service offerings for telephone customers by enhancing phone-in services with VoiceObjects technology. Postbank, which has some 3 million telephone-banking customers, says improved telephone-based self-service has freed agents to spend more time with customers needing advice on investments. "Our self-service quota has risen 10% since installing VoiceObjects," says Werner Wessinghage, 50, director of Postbank's call centers, online and telephone...