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Bank Of Saxony
The Bank of Saxony () was a German bank founded in 1865, based in Dresden. It issued its own banknotes until 1935, and was liquidated following World War II. History The (Bank of Saxony at Dresden) was founded with a state concession on and a capital of 5 million thalers. In 1869 it settled its head office in the former , a historic building at Schloßstraße 7 in the center of Dresden, whose façade it remodeled to a design by architect . In 1873 the capital was increased by 5 million thalers, and later changed to 30 million mark (currency)#19th century, marks. With the founding of the German Empire in 1871, individual states such as the Kingdom of Saxony lost their right to legislate with regard to the monetary system. The Reichsbank, established by imperial legislation of , did not receive a monopoly on the issue of banknotes, however, and the existing local central banks retained the right to issue banknotes to the extent set out in an appendix to Section 9 of the law. Amon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bayerische Notenbank
The ''Bayerische Notenbank'' () was a German note-issuing bank, founded in 1875 in Munich. It lost its issuance privilege in 1935 and was merged that same year into the Bavarian State Bank. Overview In 1875, the monetary unification reform that created the Reichsbank allowed local bank to keep issuing legal-tender banknotes, but restricted the commercial activities in which such banks could engage, including mortgage lending. As a consequence, Hypo-Bank decided to relinquish its note-issuing role and to transfer it into an entity specifically created for that purpose, the Bayerische Notenbank. Two thirds of the new bank's capital was issued to the existing shareholders of Hypo-Bank, with Hypo-Bank and the Bavarian government each taking an additional one-sixth. By 1890, the Bayerische Notenbank had a network of six main branches in Augsburg, Kempten, Nuremberg, Regensburg, Würzburg, and Ludwigshafen in the Bavarian Circle of the Rhine, complemented by 28 smaller agencies. On , ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1865
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. As 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 ancie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of Germany
Defunct may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product In Industry (economics), industry, product lifecycle management (PLM) is the process of managing the entire lifecycle of a product from its inception through the Product engineering, engineering, Product design, design, and Manufacturing, ma ... * Obsolescence {{Disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Public Banking Sector
The German public banking sector () represents a significant share of the broader banking sector in Germany. Unlike in most other Western and Central European countries, German public-sector banks have been present since the early phases of formalization of banking entities in the early modern period and have never lost their collective significance. They are typically referred to as one of the three “pillars” of the German banking system, the other two pillars being the cooperative banks and commercial banks. Following many steps of development, consolidation, and restructuring, the German public banking sector (leaving aside the Deutsche Bundesbank) consists mainly of two clusters: the Sparkassen-Finanzgruppe, which competes with commercial and cooperative banks and includes local savings banks () and regional entities (); and promotional and development banks () owned by the Federal Republic of Germany (in the case of KfW) or the individual states of Germany. History Gover ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Bremen
The Bank of Bremen () was a German bank, founded in 1856 initially as a bank of issue, a privilege which it lost in 1889. In 1895, it was acquired by Dresdner Bank but the brand name survived until 2010. It had branches in Bremen's districts Mitte (city center next to Bremen Cathedral), Neustadt, Utbremen, and Bremen-Vegesack, Vegesack. History The Bank of Bremen was founded in 1856 by tradesmen and ship-owners and with a significant contribution of , also associated with the founding of the Bremen Exchange and Norddeutscher Lloyd. Its forerunner was the , founded in 1817. Together with the Frankfurter Bank (est. 1854), it was viewed as more independent than most other local banks of issue in Germany, which were generally under direct government control even when they were not government-owned. In 1895, Hermann Henrich Meier led the merger negotiations with Eugen Gutmann of Dresdner Bank. The merger was profitable for the Bremer tradesmen; the name Bremer Bank remained used ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frankfurter Bank
The ''Frankfurter Bank'' was a German bank founded in 1854 in Frankfurt, which issued its own banknotes until 1901. On , it merged with the Berliner Handels-Gesellschaft to form , generally referred to as BHF Bank until 2017 and since then as ODDO BHF. Overview The Frankfurter Bank was founded in 1854 to serve as a bank of issue for the then-autonomous Free City of Frankfurt, realizing a project that had long been under discussion but was accelerated by the nearby establishment of the Darmstädter Bank the previous year. The bank was sponsored by local banking houses including M. A. Rothschild & Söhne, Bethmann Bank, and , and authorized by the Frankfurt municipal council; the initial share subscription was oversubscribed 16 times, above all expectations. Its first general manager was . The bank issued banknotes denominated in Guilders (), by then the monetary standard in the South German area of which Frankfurt was part. Together with the Bank of Bremen, it was viewed as m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Prussia
The Bank of Prussia () was the central bank of the Kingdom of Prussia. It was originally founded by Frederick the Great in 1765-1766 as the state-owned Prussian Royal Bank ( or ). In 1847, it was reorganized as a formally private-sector entity and renamed the Bank of Prussia. It operated until , when it was succeeded by the newly created Reichsbank. Prussian Royal Bank Frederick II founded the Royal Bank on , but it soon ran into financial trouble and had to be granted a revised charter to issue banknotes on , which is why 1766 is often referred to as its founding date; it started operations under that new guise in 1767. The bank was located at Jägerstrasse 34-35 in Berlin's Friedrichswerder district, originally only on the ground floor of a building that had been erected by architect Johann Arnold Nering in 1690 as a home for the chief huntmaster of Brandenburg. Around 1786, the bank expanded into the whole building. The Royal Bank's equity capital became negative in 1806 f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hamburger Bank
The ''Hamburger Bank'' () was a public credit institution founded in 1619 by the Hamburg, Free City of Hamburg. It operated independently until 31 December 1875, when it became part of the newly created Reichsbank. History The Hamburg City Council made the decision to create the bank in February 1619, following lengthy negotiations with its civic stakeholders. It was intended to improve monetary stability in the context of the Kipper und Wipper episode of German monetary turmoil, and to simplify trade between merchants; its model was the Bank of Amsterdam which had been founded a decade earlier. The numerous English merchant adventurers, Portuguese Sephardi Jews and Dutch religious refugees living in Hamburg at the time brought their capital and knowledge to the bank, thus contributing to its initial success. The bank was administered free of charge by two senators, two City elders (''Oberalten''), two "treasury citizens" (''Kammereibürger'') and five "bank citizens" (''Bancob ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nazi
Nazism (), formally named National Socialism (NS; , ), is the far-right politics, far-right Totalitarianism, totalitarian socio-political ideology and practices associated with Adolf Hitler and the Nazi Party (NSDAP) in Germany. During Hitler's rise to power, it was frequently referred to as Hitler Fascism () and Hitlerism (). The term "neo-Nazism" is applied to other far-right groups with similar ideology, which formed after World War II, and after Nazi Germany collapsed. Nazism is a form of fascism, with disdain for liberal democracy and the parliamentary system. Its beliefs include support for dictatorship, fervent antisemitism, anti-communism, anti-Slavism, anti-Romani sentiment, scientific racism, white supremacy, Nordicism, social Darwinism, homophobia, ableism, and the use of eugenics. The ultranationalism of the Nazis originated in pan-Germanism and the ethno-nationalist ''Völkisch movement, Völkisch'' movement which had been a prominent aspect of German nationa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Württembergische Notenbank
The ''Württembergische Notenbank'' () was a German bank founded in 1871 and based in Stuttgart. It issued its own banknotes until 1935, when it was renamed ''Württembergische Bank'' (). In 1978, it merged with the Bank of Baden and private-sector to form , which in turn was merged in 2005 into Landesbank Baden-Württemberg. Overview No fewer than seven different projects of creating a central bank for the Kingdom of Württemberg between 1848 and 1866. The decision was precipitated by the founding of the German Empire in 1871, which meant that individual German states would soon lose their right to legislate with regard to the monetary system. Württemberg decided to pre-empt this situation by creating a note-issuing bank before the entry into force of the interdiction to do so. The Württembergische Notenbank was thus authorized by legislation of July 1871, registered on , and granted a note-issuance privilege on , less than two weeks before the deadline set by imperial law. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Baden
The Bank of Baden () was a German public bank of issue founded in 1870, based in Mannheim until 1932 and from that date in Karlsruhe. It issued its own banknotes until 1935. In 1978, it merged with Württembergische Bank and private-sector to form , which in turn was merged in 2005 into Landesbank Baden-Württemberg. Overview Following discussions about the establishment of a central bank going at least as far back as 1844, the Grand Duchy of Baden was prompted into action by the momentum of German unification. It received its banking license from the Grand-Ducal government on . The government was a shareholder alongside private bankers from Baden, Adolf von Hansemann of the Berlin-based Disconto-Gesellschaft, and Baron Carl von Rothschild of the Frankfurt-based M. A. Rothschild & Söhne. The capital amounted to 10,500,000 guilders (6,000,000 thalers) divided into 30,000 shares of 350 guilders (or 200 thalers). A branch opened in Karlsruhe as early as 1871. The bank had the r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
