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Frankfurter Volksbank
The Frankfurter Volksbank eG is a Cooperative bank and has its headquarters in Frankfurt am Main. The bank's business area includes the city of Frankfurt and parts of the surrounding area. History The history of the ''Frankfurter Volksbank'' goes back to the year 1862. On 19 May 1862, the ''Frankfurter Gewerbekasse'' was founded by 81 well-known Frankfurt citizens. As early as the end of November 1862, a committee was set up to form a savings and advance bank. The first CEO was the Frankfurt banker Adolph Reinach (Chairman of the Board from 1862 to 1870). On 1 October 1862, the business was taken up in the house of the cashier, the card deck manufacturer Caspar Ludwig Wüst, in Gallusstr. 15. On 11 November 1862, the senate of the free and imperial city of Frankfurt granted the bank the right as a legal entity. The bank experienced a quick boom. To this the end of the guild restrictions in Frankfurt in January 1864 contributed which spurred the development of craftsmanship. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative Banking
Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world. Cooperative banking, as discussed here, includes retail banking carried out by credit unions, mutual savings banks, building societies and cooperatives, as well as commercial banking services provided by mutual organizations (such as cooperative federations) to cooperative businesses. A 2013 report by ILO concluded that cooperative banks outperformed their competitors during the financial crisis of 2007–2008. The cooperative banking sector had 20% market share of the European banking sector, but accounted for only 7% of all the write-downs and losses between the third quarter of 2007 and first quarter of 2011. Cooperative banks were also over-represented in lending to small and medium-sized businesses in all of the 10 countries included in the report. Credit unions in the US had five times lower fail ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint And Several Liability
Where two or more persons are liable in respect of the same liability, in most common law legal systems they may either be: * jointly liable, or * severally liable, or * jointly and severally liable. Joint liability If parties have joint liability, then they are each liable up to the full amount of the relevant obligation. So if a married couple takes a loan from a bank, the loan agreement will normally provide that they are to be "jointly liable" for the full amount. If one party dies, disappears, or is declared bankrupt, the other individual remains fully liable. Accordingly, the bank may sue all living co-promisors for the full amount. However, in suing, the creditor has only one cause of action; i.e., the creditor can sue for each debt only once. If, for example, there are three partners, and the creditor sues all of them for the outstanding loan amount and one of them pays the liability, the creditor cannot recover further amounts from the partners who did not contribute ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative Banks Of Germany
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity. '' International Cooperative Alliance.'' Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * es owned and managed by the people who consume th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Based In Frankfurt
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bockenheim (Frankfurt Am Main)
Bockenheim is a quarter of Frankfurt, Germany. It was incorporated into Frankfurt on 1 April 1895 and is part of the ''Ortsbezirk Innenstadt II''. Bockenheim lies west of central Frankfurt and is the third largest district by population in Frankfurt after Sachsenhausen and the Nordend with approximately 42,000 inhabitants. Bockenheim is bordered by the Goethe University, the Senckenberg museum and the Frankfurt Trade Fair in the south. The Bockenheimer Depot was the central tram depot, built around 1900, which is now a theatre, a venue of the Städtische Bühnen Frankfurt. Bockenheim also houses the headquarters of the Deutsche Bundesbank The Deutsche Bundesbank (), literally "German Federal Bank", is the central bank of the Federal Republic of Germany and as such part of the European System of Central Banks (ESCB). Due to its strength and former size, the Bundesbank is the most .... References Districts of Frankfurt {{Hesse-geo-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rödelheim
Rödelheim is a quarter of Frankfurt am Main, Germany. It is part of the ''Ortsbezirk Mitte-West'' and is subdivided into the ''Stadtbezirke'' Rödelheim-Ost and Rödelheim-West. There are a number of celebrities who have established their base in Rödelheim, including Rödelheim Hartreim Projekt, Mathias Barbosa and Sabrina Setlur. For many centuries and until the Nazi era, it was a major center for the printing and export of Hebrew books. Wolf Heidenheim and Seligman Baer, two highly prominent Hebrew grammarians and masoretic The Masoretic Text (MT or 𝕸; he, נֻסָּח הַמָּסוֹרָה, Nūssāḥ Hammāsōrā, lit. 'Text of the Tradition') is the authoritative Hebrew and Aramaic text of the 24 books of the Hebrew Bible (Tanakh) in Rabbinic Judaism. ... scholars of the modern period, both published in Rödelheim. In 2015 the skeletons of 200 French soldiers that had died in 1813 were discovered here. References Districts of Frankfurt Jews and J ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kronberg Im Taunus
Kronberg im Taunus is a town in the Hochtaunuskreis district, Hesse, Germany and part of the Frankfurt Rhein-Main urban area. Before 1866, it was in the Duchy of Nassau; in that year the whole Duchy was absorbed into Prussia. Kronberg lies at the foot of the Taunus, flanked in the north and southwest by forests. A mineral water spring also rises in the town. Geography Neighbouring communities Kronberg borders in the north and east on the town of Oberursel, in the southeast on the town of Steinbach, in the south on the towns of Eschborn and Schwalbach (both in Main-Taunus-Kreis), and in the west on the town of Königstein. Constituent communities Kronberg consists of the three centres of Kronberg (8,108 inhabitants), Oberhöchstadt (6,363 inhabitants) and Schönberg (3,761 inhabitants). History 1220–1704 When Kronberg Castle was built (about 1220) it was shared by the Knights of Askenburne (Eschborn), who owned a towered castle there. The ''Kronenstamm'' (''stam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reichsmark
The (; sign: ℛℳ; abbreviation: RM) was the currency of Germany from 1924 until 20 June 1948 in West Germany, where it was replaced with the , and until 23 June 1948 in East Germany, where it was replaced by the East German mark. The Reichsmark was subdivided into 100 s (Rpf or ℛ₰). The Mark is an ancient Germanic weight measure, traditionally a half pound, later used for several coins; whereas (''realm'' in English), comes from the official name for the German state from 1871 to 1945, . History The Reichsmark was introduced in 1924 as a permanent replacement for the Papiermark. This was necessary due to the 1920s German inflation which had reached its peak in 1923. The exchange rate between the old Papiermark and the Reichsmark was = 1012 ℳ (one trillion in American English and French, one billion in German and other European languages and British English of the time; see long and short scale). To stabilize the economy and to smooth the transition, the Papie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Mark
The Deutsche Mark (; English: ''German mark''), abbreviated "DM" or "D-Mark" (), was the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until the adoption of the euro in 2002. In English, it was typically called the "Deutschmark" (). One Deutsche Mark was divided into 100 pfennigs. It was first issued under Allied occupation in 1948 to replace the Reichsmark and served as the Federal Republic of Germany's official currency from its founding the following year. On 31 December 1998, the Council of the European Union fixed the irrevocable exchange rate, effective 1 January 1999, for German mark to euros as DM 1.95583 = €1. In 1999, the Deutsche Mark was replaced by the euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins on 1 January 2002. The Deutsche Mark ceased to be legal tender immediately upon the introduction of the euro—in contrast to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Reform
Monetary reform is any movement or theory that proposes a system of supplying money and financing the economy that is different from the current system. Monetary reformers may advocate any of the following, among other proposals: * A return to the gold standard (or silver standard or bimetallism). * Abolition of central bank support of the banking system during periods of crisis and/or the enforcement of full reserve banking for the privately owned banking system to remove the possibility of bank runs, possibly combined with sovereign money issued and controlled by the government or a central bank under the direction of the government. There is an associated debate within Austrian School whether free banking or full reserve banking should be advocated but regardless Austrian School economists such as Murray Rothbard support ending central bank bail outs (" ending the Fed"). * The issuance of interest-free credit by a government-controlled and fully owned central bank. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oberursel (Taunus)
Oberursel (Taunus) () is a town in Germany and part of the Frankfurt Rhein-Main urban area. It is located to the north west of Frankfurt, in the Hochtaunuskreis county. It is the 13th largest town in Hesse. In 2011, the town hosted the 51st Hessentag state festival. Geography Extent of municipal area The maximum distance from the northern town border to the southern border is the maximum distance from east to west is . Altitude *Krebsmühle (Weißkirchen): 138 m above sea level *Town Hall: 198 m above sea level *Hohemark: 300 m above sea level *The nearly Grosse Feldberg is the highest spot in the Taunus: 820 m above sea level Neighbouring communities To the north Oberursel borders with Schmitten, to the east with Bad Homburg vor der Höhe, to the south-east with Frankfurt, to the southwest with Steinbach and to the west with Kronberg. Town districts Besides the town centre (including Bommersheim), Oberursel is divided into the districts Oberstedten (population 6,118), S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bad Homburg Vor Der Höhe
Bad Homburg vor der Höhe () is the district town of the Hochtaunuskreis, Hesse, on the southern slope of the Taunus mountains. Bad Homburg is part of the Frankfurt Rhein-Main urban area. The town's official name is ''Bad Homburg v.d.Höhe'', which distinguishes it from other places named Homburg. The town has become best known for its mineral springs and spa (hence the prefix ''Bad'', meaning "bath"), and for its casino. Bad Homburg was one of the wealthiest towns in Germany (while the Hochtaunuskreis itself and the Landkreis Starnberg in Bavaria regularly vie for the title of the wealthiest district in Germany). the town used the marketing slogan ''Champagnerluft und Tradition'' (Champagne air and tradition). History Medieval origins Local tradition holds that Bad Homburg's documented history began with the mention of the ''Villa Tidenheim'' in the Lorsch codex, associated with the year 782. This ''Villa Tidenheim'' was equated with the historic city center, which is cal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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