France and Germany are at a crossroads. Banque de France Governor François Villeroy de Galhau and Bundesbank President Joachim Nagel have published a common call for three things.

In the second quarter of 2024, German households’ financial assets grew by €136 billion, closing the quarter at €8,815 billion. This represents a new all-time high.

The banking stress test just conducted jointly by BaFin and the Bundesbank has shown that the profitability of small and medium-sized banks and savings banks in Germany improved significantly in 2023. Institutions have emerged from the interest rate reversal with stronger profitability and a higher capital base, and are also prepared for a severe crisis scenario. At a joint press conference in Frankfurt, Raimund Röseler, Chief Executive Director of Banking Supervision at BaFin, and Michael Theurer, the Bundesbank Executive Board member responsible for banking supervision, presented the results of the “LSI stress test”.

Die Jahreswachstumsrate der weit gefassten Geldmenge M3 erhöhte sich im September 2024 auf 3,2 % nach 2,9 % im August.