4 ms·

Germany did that (post bank) didn't want so well...

by Bombthecat 7y ago

pstrateman 7y ago
What went wrong?
- joering2 7y ago
  Something must have gone wrong. I know for fact that in Poland you can bank at post office at least since 90s. Its still common think for seniors to have no bank account because there is no need to. They typically get pension in form of a government check that they cash at "Poczta Polska" and then use cash to shop. Post office also pays all the bills, utilities etc, so long as you know corporation/receipient bank number.
- allendoerfer 7y ago
  Nothing. It got privatized and is currently owned by Deutsche Bank.
  - Talanes 7y ago
    It's not nothing if it was privatized. Either something went wrong to drive privatization, or nothing was going wrong to begin with and then privatization was what went wrong.
    - allendoerfer 7y ago
      Postbank got privatized, because in the 90s everything got privatized. It is used today by Deutsche Bank to target its private customers. It is not one of the fintechs but generally able to compete in that market.
yardie 7y ago
Post Bank formed from Deutsche Bank. Which was made infamous for loaning Donald Trump loads of money on highly questionable terms.
- luckylion 7y ago
  No, Post Bank was sold to Deutsche Bank. It was created by the Deutsche Post, who then spun it off, funneled a lot of their branches into it (so you have bank offices that also rent out a desk to the Post) and sold it to Deutsche Bank.
  - yardie 7y ago
    I looked at the wikipedia post for Post Bank and it is really confusing. So on re-reading I see: 1990 Postbank is created from Duetsche Post breaking up. 1999 Deutsche Post takes back Postbank. 2004 Deutsche Bank sells it's transaction bank to Postbank. 2012 Deutsche Bank acquires Postbank.
    - allendoerfer 7y ago
      I think the name Deutsche Bank makes it even more confusing. As opposed to Deutsche Telekom (T-Mobile), Deutsche Bahn (DB/Schenker/Arriva) and Deutsche Post (DHL), Deutsche Bank never was state-owned. It was just named that way, because it was founded as a project (and arguably still is) so Germany would play a role on the world financial stage.

Germany did that (post bank) didn't want so well...

pstrateman 7y ago

What went wrong?

joering2 7y ago
Something must have gone wrong. I know for fact that in Poland you can bank at post office at least since 90s. Its still common think for seniors to have no bank account because there is no need to. They typically get pension in form of a government check that they cash at "Poczta Polska" and then use cash to shop. Post office also pays all the bills, utilities etc, so long as you know corporation/receipient bank number.
allendoerfer 7y ago
Nothing. It got privatized and is currently owned by Deutsche Bank.
- Talanes 7y ago
  It's not nothing if it was privatized. Either something went wrong to drive privatization, or nothing was going wrong to begin with and then privatization was what went wrong.
  - allendoerfer 7y ago
    Postbank got privatized, because in the 90s everything got privatized. It is used today by Deutsche Bank to target its private customers. It is not one of the fintechs but generally able to compete in that market.

yardie 7y ago

Post Bank formed from Deutsche Bank. Which was made infamous for loaning Donald Trump loads of money on highly questionable terms.

luckylion 7y ago
No, Post Bank was sold to Deutsche Bank. It was created by the Deutsche Post, who then spun it off, funneled a lot of their branches into it (so you have bank offices that also rent out a desk to the Post) and sold it to Deutsche Bank.
- yardie 7y ago
  I looked at the wikipedia post for Post Bank and it is really confusing. So on re-reading I see: 1990 Postbank is created from Duetsche Post breaking up. 1999 Deutsche Post takes back Postbank. 2004 Deutsche Bank sells it's transaction bank to Postbank. 2012 Deutsche Bank acquires Postbank.
  - allendoerfer 7y ago
    I think the name Deutsche Bank makes it even more confusing. As opposed to Deutsche Telekom (T-Mobile), Deutsche Bahn (DB/Schenker/Arriva) and Deutsche Post (DHL), Deutsche Bank never was state-owned. It was just named that way, because it was founded as a project (and arguably still is) so Germany would play a role on the world financial stage.