|
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] |
Legal Tender
Legal tender is a form of money that Standard of deferred payment, courts of law are required to recognize as satisfactory payment in court for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which, when offered ("tendered") in payment of a debt, extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. It is generally only mandatory to recognize the payment of legal tender in the discharge of a monetary debt from a debtor to a creditor. Sellers offering to enter into contractual relationship, such as a contract for the sale of goods, do not need to accept legal tender and may instead contractually require payment using electronic methods, foreign currencies or any other legally recognized object of value. Coins and banknotes are usually defined as legal tender in many countries, but personal cheque, checks, credit c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1854
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 (finance), credit and lending that had their ... [...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] |
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] |
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] |
Reichs-Kredit-Gesellschaft
The ''Reichs-Kredit-Gesellschaft'' (RKG, ) was a significant state-owned German bank, located in Berlin. History The RKG originated in the war economy of Germany during World War I. In 1917, the Reich Treasury established a Statistical Office for War Companies () for the purpose of financing companies that had been set up to support the war effort. to balance the surplus and need for money in the war societies. After the war's end, the corresponding assets and liabilities were transferred to a "credit and control entity" (), a limited-liability company owned by the German government. On , the government-owned VIAG company founded the Reichs-Kredit-Gesellschaft mbH (private limited company) to take over the , and transformed it the next year into a joint-stock company, with as its general manager. The RKG was principally active in the areas of industrial and commercial credit, securities, asset management, and trade finance. By 1930, the RKG had become Germany's fifth-large ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Bank Of Prussia
The Prussian State Bank was a state-owned entity that played a significant role in the economy of the Kingdom of Prussia. It was founded in 1772 as a shipping company, the ''Seehandlungsgesellschaft'' or simply ''Seehandlung'', intended to boost Prussia's foreign trade. In the course of the 19th century, it became increasingly active as a state bank, and was consequently renamed ''Königliche Seehandlung (Preußische Staatsbank)'' in 1904 and ''Preußische Staatsbank'' in 1918. It ceased activity in 1945 and was kept as a dormant entity, which was eventually liquidated in 1983. History Shipping company The Prussian sea trading company was founded in Berlin on October 14, 1772 at the instigation of Frederick the Great under the name . The Prussian king acquired 2100 shares of this company and 300 shares were sold to private individuals. The company received the exclusive right to trade in sea salt and the staple right to all wax produced ten miles from the banks of the Vistula ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War II
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the world's countries participated, with many nations mobilising all resources in pursuit of total war. Tanks in World War II, Tanks and Air warfare of World War II, aircraft played major roles, enabling the strategic bombing of cities and delivery of the Atomic bombings of Hiroshima and Nagasaki, first and only nuclear weapons ever used in war. World War II is the List of wars by death toll, deadliest conflict in history, causing World War II casualties, the death of 70 to 85 million people, more than half of whom were civilians. Millions died in genocides, including the Holocaust, and by massacres, starvation, and disease. After the Allied victory, Allied-occupied Germany, Germany, Allied-occupied Austria, Austria, Occupation of Japan, Japan, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reichsbank
The ''Reichsbank'' (; ) was the central bank of the German Empire from 1876 until the end of Nazi Germany in 1945. Background The monetary institutions in Germany had been unsuited for its economic development for several decades before unification. In the Kingdom of Prussia, the Bank of Prussia had been established in 1847 and, in the aftermath of the German revolutions of 1848–1849, revolution of 1848, five additional banks had been granted a note-issuance privilege (the , , , at Stettin, and ), but that was still insufficient to sustain adequate monetary conditions. By 1851, 9 banks in the whole of Germany (not including Austria) were chartered to issue banknotes, known as . In addition, most German states - with the only exceptions of Principality of Lippe, Lippe and the Hanseatic cities of Free City of Bremen, Bremen, Free City of Hamburg, Hamburg and Free City of Lübeck, Lübeck - issued government paper money without the intermediation of an issuing bank. Several pan- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Meyers Konversations-Lexikon
or was a major encyclopedia in the German language that existed in various editions, and by several titles, from 1839 to 1984, when it merged with the . Joseph Meyer (publisher), Joseph Meyer (1796–1856), who had founded the publishing house in 1826, intended to issue a universal encyclopaedia meant for a broad public: people having a general knowledge as well as businessmen, technicians and scholars, considering contemporary works like those of and to be Superficiality, superficial or Obsolescence, obsolete. First edition The first part of ' ("Great encyclopaedia for the educated classes") appeared in October 1839. In contrast to its contemporaries, it contained maps and illustrations with the text. There is no indication of the planned number of volumes or a time limit for this project, but little headway had been made by the otherwise dynamic . After six years, 14 volumes had appeared, covering only one fifth of the alphabet. Another six years passed before the last ... [...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] |
