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Sparkasse Zu Lübeck
The Sparkasse zu Lübeck AG, based in Lübeck, is one of five free public savings banks that still exist in Germany. Organizational structure The Sparkasse zu Lübeck AG has been registered in the commercial register since 1 November 2004 as a Corporation, stock corporation. The legal basis for the bank is essentially the ''Kreditwesengesetz'' (KWG) and the ''Sparkassengesetz'' for Schleswig-Holstein. The bodies of the savings bank are the Annual General Meeting, the Supervisory Board and the Vorstand, Management Board. History The savings bank was founded in 1817 under the name "Spar- und Anleih-Kasse" as a dependent ''Gesellschaft zur Beförderung gemeinnütziger Tätigkeit'' (institution of the society for the promotion of charitable activity). The first business day was June 12, 1817. It was held in the now-defunct orphanage near the Lübeck Cathedral. The core task of the new bank was to give the city, which was devastated by the Napoleonic occupation and the following wars ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Travemünde
Travemünde () is a borough of Lübeck, Germany, located at the mouth of the river Trave in Bay of Lübeck, Lübeck Bay. It began life as a fortress built by Henry the Lion, Duke of Saxony, in the 12th century to guard the mouth of the Trave, and the Denmark, Danes subsequently strengthened it. It became a town in 1317 and in 1329 passed into the possession of the free city of Lübeck, to which it has since belonged. Its fortifications were demolished in 1807. Travemünde has been a seaside resort since 1802, and is Germany, Germany's largest ferry port on the Baltic Sea with connections to Sweden, Finland, Russia, Latvia and Estonia. The lighthouse is the oldest on the German Baltic coast, dating from 1539. Another attraction of Travemünde is the Flying P-Liner ''Passat (ship), Passat'', a museum ship anchored in the mouth of the Trave. The annual Travemünder Woche is a traditional sailing race week in Northern Europe. The annual Sand festival in Travemünde is known as the S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Companies Established In 1817
German(s) may refer to: * Germany, the country of the Germans and German things **Germania (Roman era) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizenship in Germany, see also German nationality law **Germanic peoples (Roman era) *German diaspora * German language * German cuisine, traditional foods of Germany People * German (given name) * German (surname) * Germán, a Spanish name Places * German (parish), Isle of Man * German, Albania, or Gërmej * German, Bulgaria * German, Iran * German, North Macedonia * German, New York, U.S. * Agios Germanos, Greece Other uses * German (mythology), a South Slavic mythological being * Germans (band), a Canadian rock band * "German" (song), a 2019 song by No Money Enterprise * ''The German'', a 2008 short film * "The Germans", an episode of ''Fawlty Towers'' * ''The German'', a nickname for Congolese rebel André Kisase Ngandu See also * Germanic (disambiguatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Germany
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 ancien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Covered Bond
Covered bonds are debt securities issued by a bank or mortgage institution and collateralised against a pool of assets that, in case of failure of the issuer, can cover claims at any point of time. They are subject to specific legislation to protect bond holders. Unlike asset-backed securities created in securitization, the covered bonds continue as obligations of the issuer; in essence, the investor has recourse against the issuer and the collateral, sometimes known as "dual recourse". Typically, covered bond assets remain on the issuer's consolidated balance sheet (usually with an appropriate capital charge). As of beginning of 2019 volume of outstanding covered bonds worldwide was euro 2,577 billion, while largest markets were Denmark (€406 bil.), Germany (€370 bil.), France (€321 bil.) and Spain (€232 bil.). History Covered bonds were created in Prussia in 1769 by Frederick The Great and in Denmark in 1795. Danish covered bond lending emerged after the Great Fire of C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bearer Bond
A bearer bond or bearer note is a bond or debt security issued by a government or a business entity such as a corporation. As a bearer instrument, it differs from the more common types of investment securities in that it is unregistered—no records are kept of the owner, or the transactions involving ownership. Whoever physically holds the paper on which the bond is issued is the presumptive owner of the instrument. This is useful for investors who wish to remain anonymous. Recovery of the value of a bearer bond in the event of its loss, theft, or destruction is usually impossible. Some relief is possible in the case of United States public debt. Furthermore, while all bond types state maturity dates and interest rates, bearer bond coupons for interest payments are physically attached to the security and must be submitted to an authorized agent in order to receive payment. Issuance of new bearer bonds has been effectively outlawed in the United States since the 1980s due ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DekaBank (Germany)
DekaBank Deutsche Girozentrale is the central provider of asset management and capital market solutions of the Sparkassen-Finanzgruppe, a network of public banks that together form the largest financial services group in Germany and in all of Europe. It is registered in both Frankfurt and Berlin, with main operational headquarters in Frankfurt. It traces its origins to the Deutsche Girozentrale, established in 1918 as a hub for payments within the German savings banks system. DekaBank is the central asset manager of the Sparkassen-Finanzgruppe, and one of the largest securities services providers in Germany. As a central provider, the bank bundles its competencies in asset management and financial services in its five business areas of asset management, real estate, services, capital markets and financing. Retail and institutional clients and investors can choose from a wide range of investment products and services. DekaBank cooperates closely with local savings banks and Landesb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Leasing
Deutsche Leasing AG (DL) is a manufacturer-independent leasing company in Germany. Since 1987, the company has had its headquarters in Bad Homburg vor der Höhe and is the main leasing partner for the Sparkassen-Finanzgruppe. Shares are held by approximately 350 Sparkassen (savings banks), either directly or indirectly through holding companies. Deutsche Leasing is the sole shareholder of Deutsche Anlagen-Leasing in Wiesbaden. History Foundation and first decades ''Deutsche Leasing GmbH'', among Germany's first leasing companies, was entered in the Commercial Register in Düsseldorf on January 10, 1962. The two other predecessor companies of Deutsche Leasing were ''Maschinen-Miete GmbH'' and ''Mietdienst GmbH'', which were founded in 1962 and 1963 respectively. In 1971, these three companies merged to form ''Deutsche Leasing AG''. Until 1991 the founder of ''Maschinen-Miete GmbH'', Albrecht Dietz, was Chairman of the Board of the new company. In 1970, the company founded t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HSH Nordbank
Hamburg Commercial Bank (formerly HSH Nordbank) is a commercial bank in northern Europe with headquarters in Hamburg as well as Kiel, Germany. It is active in corporate and private banking. Considered to be the world’s largest provider of maritime finance, its main focus is on shipping, transportation, real estate and renewable energy. The bank is one of the pioneers in the pan-European project financing of renewable energies and is also involved in the expansion of digital infrastructure''.'' ''In 2022, the bank won the “World’s Best Bank Transformation” award by Euromoney trade magazine. For the third year in a row, The bank was awarded as "Best Performing Bank" in Germany by The Banker.'' The bank changed its name from HSH Nordbank to Hamburg Commercial Bank (HCOB) on February 4, 2019, after the bank was sold to new owners in 2018. HCOB has foreign offices in Athens and other significant operations in Luxembourg and London. HSH Nordbank, then HCOB has been designated a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Universal Bank
A universal bank is a type of bank which 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. 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 United Kingdom and the United States, where historically there was a distinction drawn between pure investment banks and commercial banks. In the US, this was a result of the Glass–Steagall Act of 1933. In both countries, however, since the 1980s the regulatory barrier to the combination of investment banks and commercial banks has largely been removed, and a number of universal banks have emerged in both jurisdictions. In other countries, the concept is less relevant as there was no regulatory distinction between inv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hamburg
Hamburg (, ; ), officially the Free and Hanseatic City of Hamburg,. is the List of cities in Germany by population, second-largest city in Germany after Berlin and List of cities in the European Union by population within city limits, 7th-largest in the European Union with a population of over 1.9 million. The Hamburg Metropolitan Region has a population of over 5.1 million and is the List of EU metropolitan areas by GDP, eighth-largest metropolitan region by GDP in the European Union. At the southern tip of the Jutland Peninsula, Hamburg stands on the branching River Elbe at the head of a estuary to the North Sea, on the mouth of the Alster and Bille (Elbe), Bille. Hamburg is one of Germany's three city-states alongside Berlin and Bremen (state), Bremen, and is surrounded by Schleswig-Holstein to the north and Lower Saxony to the south. The Port of Hamburg is Germany's largest and Europe's List of busiest ports in Europe, third-largest, after Port of Rotterdam, Rotterda ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hamburger Sparkasse
Hamburger Sparkasse AG (Haspa) is one of 5 free public savings banks in Germany based in Hamburg. With a balance sheet total of around 41.9 billion euros and about 5,000 employees, it is the largest savings bank in Germany. It was founded in 1827 in the legal form of the old Hamburg law. In 2003 the bank was separated to a stock corporation and the original Hamburger Sparkasse changed its name to ''Haspa Finanzholding''. Haspa has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. Corporate structure Hamburger Sparkasse is a non-listed stock corporation. The legal basis of the Sparkasse is the Haspa statutes ''(Haspa-Satzung)''. For historical reasons, unlike most German '' Sparkassen'', Haspa is not governed by the ' but by the '. Services Haspa provides the universal banking business as a savings bank. According to its data, it is t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
