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Wüstenrot Bank
The Wüstenrot Bank AG Pfandbriefbank was a German bank based in Ludwigsburg. As a branchless direct bank, it offered Transaction account, checking accounts, payment cards and securities trading. Company History On 9 August 1968, the ''Wüstenrot Bank AG'' for Housing was registered in the commercial register at the district court Ludwigsburg. The main task of the bank at that time was to support the customers of the ''Building society, Bausparkasse'' in financing their real estate projects. Later, the entire non-collective deposit business was taken over by the ''Bausparkasse''. In 1985, the construction of the first 10 bank branches began. In 1988 there were already 34 branches with 300 employees on the ground, and the range was expanded to include all forms of money and asset formation, Current account (banking), current account payments, Unsecured debt, personal loans and securities transactions. The bank's name was also shortened to Wüstenrot Bank AG. However, the field s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wüstenrot Bank 201x Logo
Wüstenrot is a municipality in the Mainhardt Forest with about 6,800 inhabitants, more than half of them in small incorporated villages. The village is the birthplace of the Wüstenrot Bausparkasse (Wüstenrot Building Society). Geography Location Wüstenrot is in the forest in the southeast of the Heilbronn (district), district of Heilbronn in the natural region of the Swabian-Franconian Forest. The River Rot runs through central Wüstenrot. Wüstenrot consists of the five towns (and former municipalities) Wüstenrot, Finsterrot, Maienfels, Neuhütten, Neulautern and the abandoned village of Neuhütte in Joachimstal. Neighbours Neighboring cities and municipalities of Wüstenrot are (moving rotation, clockwise, starting in the west) the towns of Beilstein (Württemberg), Beilstein and Löwenstein (both in Heilbronn), Bretzfeld (Hohenlohe), Mainhardt (Schwäbisch Hall), Großerlach and Spiegelberg (within Rems-Murr-Kreis) and Oberstenfeld (Prevorst district, Ludwigsburg ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parent Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits such as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1968
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 i ... [...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. 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 th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CashPool
CashPool is a cooperation of a multitude of smaller or virtual German private banks, in which they mutually waive ATM usage fees for their customers. It is not an interbank network but uses the pre-existing German ATM or Maestro/ Cirrus networks. With more than 3200 ATMs, the cooperating banks' ATM networks form the smallest ATM group in Germany. The cooperation was founded in 2000. Its primary competitor in Germany is Cash Group. Background Most banks in Germany, while connected through the German ATM network, charge ATM usage fees for customers of other banks. In 1998, the six largest German private banks established Cash Group, mutually waiving these fees within the Group. After the formation, other private banks tried to join Cash Group but were not accepted into the Group. Being smaller than the six large private banks, they operated fewer ATMs and thus would have unilaterally benefited from the use of the other bank's larger networks. As a consequence, several of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automated Teller Machine
An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of names, including automatic teller machine (ATM) in the United States (sometimes redundantly as "ATM machine"). In Canada, the term ''automated banking machine'' (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM over ABM. In British English, the terms ''cashpoint'', ''cash machine'' and ''hole in the wall'' are most widely used. Other terms include ''any time money'', ''cashline'', ''tyme machine'', ''cash dispenser'', ''cash corner'', ''bankomat'', or ''bancomat''. ATMs that are not operated by a financial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiducia & GAD IT AG
Atruvia AG is the IT service provider of the German Cooperative Financial Group. The company based in Karlsruhe and Münster with further offices in Munich, Frankfurt and Berlin employs currently more than 4,600 staff (more than 6,700 including subsidiaries), generating an annual turnover of around 1.7 billion Euros. Among Atruvia's customers are almost all of the approximately 900 Volksbanken und Raiffeisenbanken in Germany, further companies from the Genossenschaftliche FinanzGruppe, as well as numerous private banks and companies from other business segments, such as the German automobile club (ADAC ADAC, officially the Allgemeiner Deutscher Automobil-Club (), is Europe's largest motoring association. ADAC is the largest club (Verein) in Germany with around 21 million members. It would be more aptly described today as an individual m ...). Atruvia provides IT services for 169,000 banking work stations, administers roughly 82 million banking accounts and ensures comf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Online Banking
Online banking, also known as internet banking, web banking or home banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website. The online banking system will typically connect to or be part of the core banking system operated by a bank to provide customers access to banking services in addition to or in place of traditional branch banking. Online banking significantly reduces the banks' operating cost by reducing reliance on a branch network and offers greater convenience to some customers by lessening the need to visit a branch bank as well as the convenience of being able to perform banking transactions even when branches are closed. Internet banking provides personal and corporate banking services offering features such as viewing account balances, obtaining statements, checking recent transactions, transferring money between accounts, and m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Entschädigungseinrichtung Deutscher Banken
The Deposit guarantee scheme of German banks (''Entschädigungseinrichtung deutscher Banken'' in German) is a private institution legally responsible for guaranteeing the deposits of account holders of German banks in accordance with domestic legislation and EU directives. It is 100% owned by the Federal association of German banks. Other voluntary schemes exist alongside the mandatory scheme. History The EdB was established on 24 August 1998 in compliance with the deposit and depositor protection law (EAEG). Since its establishment it has had to deal with several large scale compensations (IKB, Hypo Real Estate and Düsseldorfer Hypothekenbank). In 2008 the fund did not have enough assets to deal with the claims resulting from Lehman Brothers and the German state stepped in by providing a SoFFin guarantee, enabling the institution to raise 6.7 Billion Euros on the bond market. Purpose The institution is charged with guaranteeing the statutory 100,000 Euro per account holder and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Association Of German Banks
The Association of German Banks (german: Bundesverband deutscher Banken) is the association of private banks in Germany and a key lobby group for Germany's financial sector. In the traditional 3-pillar system of the German banking industry, this represents the commercial banks as opposed to the German Cooperative Financial Group and the Sparkassen-Finanzgruppe of public banks. The association is a member of the Central Credit Committee governing the banking industry in Germany and a member of the European Banking Federation. The President of the association is Hans-Walter Peters. History The BdB was founded 1951 in Cologne as a successor of the pre-war "Centralverbandes des deutschen Bank- und Bankiergewerbes" (''Central Association of the German Banking and Financing Industry'' - nowadays the German Banking Industry Committee). In 1999 the BdB moved to Berlin while the subsidiary Bankverlag (bank publishing company) remained in Cologne: the association also owns an office in B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unsecured Debt
In finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment. Unsecured debts are sometimes called signature debt or personal loans. These differ from secured debt such as a mortgage, which is backed by a piece of real estate. In the event of the bankruptcy of the borrower, the unsecured creditors have a general claim on the assets of the borrower after the specific pledged assets have been assigned to the secured creditors. The unsecured creditors usually realize a smaller proportion of their claims than the secured creditors. In some legal systems, unsecured creditors who are ''also'' indebted to the insolvent debtor are able (and, in some jurisdictions, required) to set off the debts, so actually putting the unsecured creditor with a matured liability to the debtor in a p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Direct Bank
A direct bank (sometimes called a branch-less bank or virtual bank) is a bank that offers its services only via the Internet, email, and other electronic means, often including telephone, online chat, and mobile check deposit. A direct bank has no branch network. It may offer access to an independent banking agent network and may also provide access via ATMs (often through interbank network alliances), and bank by mail. Direct banks eliminate the costs of maintaining a branch network while offering convenience to customers who prefer digital technology. Direct banks provide some but not all of the services offered by physical banks. Direct bank transactions are conducted entirely online. Direct banks are not the same as "online banking". Online banking is an Internet-based option offered by regular banks. In the United States, direct banks are defined as online/branchless institutions with federal banking charters, with either the Federal Reserve Board, the Office of the Comptr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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