Bankhaus Löbbecke
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Bankhaus Löbbecke
Bankhaus Löbbecke AG is a German private bank that is headquartered in Berlin. The bank was founded in 1761 as a trading house in Iserlohn, settled in Braunschweig as early as 1763. The bank was eventually acquired by the Hamburg private bank M. M. Warburg & Co. in 2016. The bank concentrated on private customer business and asset management for financially strong clientele and companies. It also offered the administration and settlement of non-performing loans under trust and service agreements. History of the bank In 1761 Johann Hermann (1727–1793) and Johann Melchior Löbbecke (1728–1783) founded the ''Handelshaus Löbbecke'' in Iserlohn. In 1763 the branch in Braunschweig, ''An der Martinikirche 4'', was already founded, which handled the trading of mercery, costume jewelry and metal goods. In 1783 Johann Melchior's son, Carl Friedrich Löbbecke, became sole managing director. Around 1800, the trading company also included cotton fabrics in its range and increasingly to ...
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MMW Loebbecke Logo Rgb
MMW can refer to: * Medeski Martin & Wood, a jazz trio. * Malibu's Most Wanted, a parody on life in the ghettos of L.A. * Millimetre wave, electromagnetic radiation. * MMW Enterprises, Inc., a construction company based in Jackson, OH. * MMW, a radar tracking station in Roi-Namur island in the north part of the Kwajalein atoll in the Marshall Islands. * ''Muppets Most Wanted'', a 2014 film. * ''Miami Music Week,'' weeklong marathon of electronic dance music events that takes place in Miami during the last week of March. * ''Mickey Mouse Works'', a television series featuring Mickey Mouse, and his friends in a series of animated shorts See also * 2MW 2MW, better known as Radio 97, is an Australian radio station serving the Murwillumbah region. It was opened in September 1937. Controversy Underpayment of Staff Radio 97 owners, Broadcast Operations Group, have often been accused of a relucta ...
, an Australian radio station {{disambiguation ...
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Welfare Spending
Welfare spending is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifically to social insurance programs which provide support only to those who have previously contributed (e.g. pensions), as opposed to ''social assistance'' programs which provide support on the basis of need alone (e.g. most disability benefits). The International Labour Organization defines social security as covering support for those in old age, support for the maintenance of children, medical treatment, parental and sick leave, unemployment and disability benefits, and support for sufferers of occupational injury. More broadly, welfare may also encompass efforts to provide a basic level of well-being through subsidized ''social services'' such as healthcare, education, infrastructure, vocational training, and public housing.''The New Fontana Dicti ...
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Italy
Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical region. Italy is also considered part of Western Europe, and shares land borders with France, Switzerland, Austria, Slovenia and the enclaved microstates of Vatican City and San Marino. It has a territorial exclave in Switzerland, Campione. Italy covers an area of , with a population of over 60 million. It is the third-most populous member state of the European Union, the sixth-most populous country in Europe, and the tenth-largest country in the continent by land area. Italy's capital and largest city is Rome. Italy was the native place of many civilizations such as the Italic peoples and the Etruscans, while due to its central geographic location in Southern Europe and the Mediterranean, the country has also historically b ...
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Magdeburg
Magdeburg (; nds, label= Low Saxon, Meideborg ) is the capital and second-largest city of the German state Saxony-Anhalt. The city is situated at the Elbe river. Otto I, the first Holy Roman Emperor and founder of the Archdiocese of Magdeburg, was buried in the city's cathedral after his death. Magdeburg's version of German town law, known as Magdeburg rights, spread throughout Central and Eastern Europe. In the Late Middle Ages, Magdeburg was one of the largest and most prosperous German cities and a notable member of the Hanseatic League. One of the most notable people from the city is Otto von Guericke, famous for his experiments with the Magdeburg hemispheres. Magdeburg has been destroyed twice in its history. The Catholic League sacked Magdeburg in 1631, resulting in the death of 25,000 non-combatants, the largest loss of the Thirty Years' War. During the World War II the Allies bombed the city in 1945 and destroying much of it. After World War II the city b ...
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Dresden
Dresden (, ; Upper Saxon: ''Dräsdn''; wen, label=Upper Sorbian, Drježdźany) is the capital city of the German state of Saxony and its second most populous city, after Leipzig. It is the 12th most populous city of Germany, the fourth largest by area (after Berlin, Hamburg and Cologne), and the third most populous city in the area of former East Germany, after Berlin and Leipzig. Dresden's urban area comprises the towns of Freital, Pirna, Radebeul, Meissen, Coswig, Radeberg and Heidenau and has around 790,000 inhabitants. The Dresden metropolitan area has approximately 1.34 million inhabitants. Dresden is the second largest city on the River Elbe after Hamburg. Most of the city's population lives in the Elbe Valley, but a large, albeit very sparsely populated area of the city east of the Elbe lies in the West Lusatian Hill Country and Uplands (the westernmost part of the Sudetes) and thus in Lusatia. Many boroughs west of the Elbe lie in the foreland of th ...
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Munich
Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the third-largest city in Germany, after Berlin and Hamburg, and thus the largest which does not constitute its own state, as well as the 11th-largest city in the European Union. The city's metropolitan region is home to 6 million people. Straddling the banks of the River Isar (a tributary of the Danube) north of the Bavarian Alps, Munich is the seat of the Bavarian administrative region of Upper Bavaria, while being the most densely populated municipality in Germany (4,500 people per km2). Munich is the second-largest city in the Bavarian dialect area, after the Austrian capital of Vienna. The city was first mentioned in 1158. Catholic Munich strongly resisted the Reformation and was a political point of divergence during the resulting Thirty Years' War, but remained physicall ...
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Frankfurt
Frankfurt, officially Frankfurt am Main (; Hessian: , " Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on its namesake Main River, it forms a continuous conurbation with the neighboring city of Offenbach am Main and its urban area has a population of over 2.3 million. The city is the heart of the larger Rhine-Main metropolitan region, which has a population of more than 5.6 million and is Germany's second-largest metropolitan region after the Rhine-Ruhr region. Frankfurt's central business district, the Bankenviertel, lies about northwest of the geographic center of the EU at Gadheim, Lower Franconia. Like France and Franconia, the city is named after the Franks. Frankfurt is the largest city in the Rhine Franconian dialect area. Frankfurt was a city state, the Free City of Frankfurt, for nearly five centuries, and was one of the mo ...
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Balance Sheet
In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition". Of the four basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business's calendar year. A standard company balance sheet has two sides: assets on the left, and financing on the right–which itself has two parts; liabilities and ownership equity. The main categories of assets are usually listed first, and typically in order of liquidity. Assets are ...
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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 contras ...
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Insolvency
In accounting, insolvency is the state of being unable to pay the debts, by a person or company (debtor), at maturity; those in a state of insolvency are said to be ''insolvent''. There are two forms: cash-flow insolvency and balance-sheet insolvency. Cash-flow insolvency is when a person or company has enough assets to pay what is owed, but does not have the appropriate form of payment. For example, a person may own a large house and a valuable car, but not have enough liquid assets to pay a debt when it falls due. Cash-flow insolvency can usually be resolved by negotiation. For example, the bill collector may wait until the car is sold and the debtor agrees to pay a penalty. Balance-sheet insolvency is when a person or company does not have enough assets to pay all of their debts. The person or company might enter bankruptcy, but not necessarily. Once a loss is accepted by all parties, negotiation is often able to resolve the situation without bankruptcy. A company th ...
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Norddeutsche Landesbank
The Norddeutsche Landesbank Girozentrale (abbreviated NORD/LB) is a German Landesbank and one of the largest commercial banks in Germany. It is a public corporation majority-owned by the federal states of Lower Saxony and Saxony-Anhalt with its head office in Hanover and branches in Braunschweig and Magdeburg. Regional Sparkassen hold a minority stake of 35 percent. History Beginnings NORD/LB was established in 1765 as ''Braunschweigische Staatsbank''. Under the current name, the bank started its business on 1 July 1970. The main areas of specialization of NORD/LB are investment banking, agricultural and real estate banking, corporate finance, ship and aircraft financing and private banking. NORD/LB maintains branch offices in all major financial and trading centers, including London (since 1985), Singapore (since 2004) and New York City (since 1991). Today, NORD/LB is Germany's largest bank for national and international bond issues. In 1992, a new state treaty between the ...
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Kommanditgesellschaft
A (abbreviated "KG", ; from + ) is the German name for a limited partnership business entity and is used in German, Belgian, Dutch, Austrian, and some other European legal systems. In Japan, it is called a '' gōshi gaisha''. Its name derives from the commenda, an early Italian medieval form of limited partnership. Description Partnerships may be formed in the legal forms of General Partnership (, GbR), or specialized in trading (, OHG), or Limited Partnership A limited partnership (LP) is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited ... (''Kommanditgesellschaft'', KG). In the OHG, all partners are fully liable for the partnership's debts, whereas in the KG there are general partners (''Komplementär'') with unlimited liability and limited partners (''Kommanditisten'') whose liability is restricte ...
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