|
Commerzbank AG
Commerzbank AG () is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet. Founded in 1870 in Hamburg, the bank is today present in more than 50 countries around the world and provides almost a third of Germany's trade finance. In 2017, it handled 13 million customers in Germany and 5 million customers in Central and Eastern Europe. Commerzbank is a member of the Cash Group. 15% of the shares are owned by the Federal Republic of Germany and 85% are in free float. History Empire On 26 February 1870, mainly Hanseatic merchants, merchant bankers and private bankers founded the Commerz- and Disconto-Bank in Hamburg. Shipowner C. Woermann was the first chairman of the supervisory board of Commerz- und Disconto-Bank from 1870. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commerzbank Tower
Commerzbank Tower is a 56-story, skyscraper owned by Samsung of Korea since September 2016 in the banking district of Frankfurt, Germany. An antenna spire with a signal light on top gives the tower a total height of . It is the tallest building in Frankfurt and the tallest building in Germany. It had been the tallest building in Europe from its completion in 1997 until 2003 when it was surpassed by the Triumph-Palace in Moscow. Since the departure of the United Kingdom from the European Union, the tower had briefly reclaimed its position as the tallest building in the European Union only to lose the title again in 2021 when Poland's Varso Tower topped out. The Commerzbank Tower is only two metres taller than the Messeturm, which is also located in Frankfurt and was the tallest building in Europe before the construction of the Commerzbank Tower. Commerzbank Tower was designed by Foster & Partners, with Arup and Krebs & Kiefer ( structural engineering), J. Roger Pres ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Universal Bank
A universal bank participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance. September 18, 2008, '' The Economist'' These are also called full-service financial firms, although there can also be full-service investment banks which provide wealth and asset management, trading, underwriting, researching as well as financial advisory. The concept is most relevant in the and the |
Federal Republic Of Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated between the Baltic and North seas to the north, and the Alps to the south; it covers an area of , with a population of almost 84 million within its 16 constituent states. Germany borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The nation's capital and most populous city is Berlin and its financial centre is Frankfurt; the largest urban area is the Ruhr. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity. A region named Germania was documented before AD 100. In 962, the Kingdom of Germany formed the bulk of the Holy Roman Empire. During the 16th century, norther ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cash Group
Cash Group is a cooperation of the four largest German private banks (Deutsche Bank, Commerzbank, HypoVereinsbank, and Postbank) and their subsidiaries, in which they mutually waive ATM usage fees for their customers. It is not an interbank network but uses the pre-existing girocard network. With more than 7000 ATMs, the cooperating banks' ATM networks form the third largest ATM network in Germany. The cooperation was founded in 1998 and is generally not open to other members. Its primary competitor in Germany is CashPool. Background Most banks in Germany, while connected through the girocard network, charge ATM usage fees for customers of other banks. Prior to 1998, the charge was fixed to 4,00 DM (2,05 €) or 1%, whichever was higher. However, this agreement was terminated by the Sparkassen (public banks), who jointly operate the largest German ATM network, arguing that the cost of operating ATMs was unfairly laid on them when virtual banks entered the market. As a cons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
