Tag: bank cat commercial

How the German Banking Union helped Bank Cat achieve its IPO

Commercial banks are the new banknotes, and the European Central Bank has announced plans to change the way they’re issued in a move to make it easier for consumers and businesses to use them.

Bank Cat, a subsidiary of Deutsche Bank AG, will become the first German bank to offer a commercial bank note with a digital image as the first official bank note.

The move is part of an effort to give commercial banks more visibility and control over their money supply, according to a statement from the ECB.

The move follows a decision last year by the Bank of England to allow digital banknotes to be issued and accepted by banks.

The German government plans to issue €1 trillion in digital bank notes in 2018, which is around one-quarter of the European Union’s total banknotes.

That’s a substantial boost for the ECB, which already has digital bank bills in circulation, and will also allow the central bank to expand the reach of digital money into the economy.