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Deutsche Kreditbank
Deutsche Kreditbank (DKB) is the second-largest direct bank in Germany with 4.5 million customers, fully owned by Bayerische Landesbank. In 2018 the company, with its parent company BayernLB, ranked 7th on the list of the biggest banks in Germany. The bank is located in Berlin and its infrastructure consists of a small number of branches. The focus on a selected group of customers including retail clients, business clients, and public clients are part of the bank's corporate. History Deutsche Kreditbank was founded on March 19, 1990 as the first private bank in East Germany, and was set up as a stock corporation. One of the founders was Edgar Most, the last vice president of the Staatsbank (State Bank of the GDR). The share capital was held by the Staatsbank of the GDR, the ''Verband deutscher Konsumgenossenschaften'', the '' Interhotels'', the nationally owned ''Centrum Warenhaus'', and ''VEB Synthesewerk Schwarzheide''. On 1 April 1990, the bank began operations in the GDR ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
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 the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East German Mark
The East German mark (german: Mark der DDR ), commonly called the eastern mark (german: Ostmark, links=no ) in West Germany and after reunification), in East Germany only ''Mark'', was the currency of the German Democratic Republic (East Germany). Its ISO 4217 currency code was DDM. The currency was known officially as the ''Deutsche Mark'' from 1948 to 1964, ''Mark der Deutschen Notenbank'' from 1964 to 1967, and from 1968 to 1990 as the ''Mark der DDR'' (Mark of the GDR). The mark (M) was divided into 100 Pfennig (pf). History 1948 On 18 June 1948 a currency reform was announced for the western zones. Subsequently, on 20 June 1948, the reichsmark and the rentenmark were abolished in the western occupation zones due to Soviet counterfeiting of '' AM-Marks'' resulting in economic instability and inflation and replaced with the ''Deutsche Mark'' issued by the ''Bank deutscher Länder'' (later the Deutsche Bundesbank). Because the ''Reichsmark'' was still legal tender in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital Market
A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers to those who can put it to long-term productive use, such as companies or governments making long-term investments. Financial regulators like Securities and Exchange Board of India (SEBI), Bank of England (BoE) and the U.S. Securities and Exchange Commission (SEC) oversee capital markets to protect investors against fraud, among other duties. Transactions on capital markets are generally managed by entities within the financial sector or the treasury departments of governments and corporations, but some can be accessed directly by the public. As an example, in the United States, any American citizen with an internet connection can create an account with TreasuryDirect and use it to buy bonds in the primary market, though sales to individu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Security (finance)
A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any form of financial instrument, even though the underlying legal and regulatory regime may not have such a broad definition. In some jurisdictions the term specifically excludes financial instruments other than equities and Fixed income instruments. In some jurisdictions it includes some instruments that are close to equities and fixed income, e.g., equity warrants. Securities may be represented by a certificate or, more typically, they may be "non-certificated", that is in electronic ( dematerialized) or "book entry only" form. Certificates may be ''bearer'', meaning they entitle the holder to rights under the security merely by holding the security, or ''registered'', meaning they entitle the holder to rights only if they appear on a secur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TAG Tegernsee Immobilien Und Beteiligung
TAG Tegernsee Immobilien und Beteiligungs-AG (TAG Tegernsee Property and Holding Company) is a property company from Germany with its head office in Hamburg. Until 1998 as ''Tegernsee-Bahn'' (Tegernsee Railway) it operated the railway line from Schaftlach via Gmund to Tegernsee. The company is listed in the share index, MDAX. Subsidiaries The following subsidiaries belong to TAG Tegernsee: * Bau-Verein zu Hamburg AG (69%) * TAG Asset Management GmbH (94%) * AGP AG (94%) * Feuerbachstraße 17/17a Grundstücksverwaltung AG & Co. KG (98%) * Kraftverkehr Tegernsee-Immobiliengesellschaft mbH (98%) * Tegernsee-Bahn Betriebsgesellschaft mbH (100%) History of the Tegernseebahn The company emerged from what was originally called the ''Eisenbahn-Actiengesellschaft Schaftlach-Gmund'' (Schaftlach-Gmund Railway Company Ltd), founded in 1882, which built the 7.6 km long railway line between these villages. It is suspected that Ferdinand von Miller, amongst others, played a decisive ro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lufthansa
Deutsche Lufthansa AG (), commonly shortened to Lufthansa, is the flag carrier of Germany. When combined with its subsidiaries, it is the second- largest airline in Europe in terms of passengers carried. Lufthansa is one of the five founding members of Star Alliance, the world's largest airline alliance, formed in 1997. Besides its own services, and owning subsidiary passenger airlines Austrian Airlines, Swiss International Air Lines, Brussels Airlines, and Eurowings (referred to in English by Lufthansa as its ''Passenger Airline Group''), Deutsche Lufthansa AG owns several aviation-related companies, such as Lufthansa Technik and LSG Sky Chefs, as part of the Lufthansa Group. In total, the group has over 700 aircraft, making it one of the largest airline fleets in the world. Lufthansa's registered office and corporate headquarters are in Cologne. The main operations base, called Lufthansa Aviation Center, is at Lufthansa's primary hub at Frankfurt Airport, and its secondar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Miles & More
Miles & More is an airline loyalty and frequent flyer program owned and operated by the Lufthansa Group. Member airlines The following Lufthansa Group airlines are members of the Miles & More program: * Lufthansa (since 1993) * Lufthansa CityLine (since 1993) * Lufthansa Private Jet * Air Dolomiti * Brussels Airlines (since 2009) * Austrian Airlines (since 2000) * Eurowings * Eurowings Discover * Swiss International Air Lines (since 2006) Additionally, the following airlines adopted Miles & More as their sole loyalty program despite not being owned by the Lufthansa Group: * Croatia Airlines * LOT Polish Airlines (since 2003) * Luxair (since 2012) Furthermore, all member airlines of the Star Alliance, of which Lufthansa is a founding member, accept Miles & More memberships. A few further airlines without the same alliance affiliation recognize the program as well. Earning miles There are two types of miles within the program. Award miles that can be collected in the account of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Ministry Of Finance (Germany)
The Federal Ministry of Finance (german: Bundesministerium der Finanzen), abbreviated BMF, is the cabinet-level finance ministry of Germany, with its seat at the Detlev-Rohwedder-Haus in Berlin and a secondary office in Bonn. The current Federal Minister of Finance is Christian Lindner ( FDP). History In German politics, the Ministry of Finance beside the Interior, Foreign, Justice and Defence ministries is counted as one of the "classical portfolios" (denoted by the definite article ''der''), which were also part of the first German government under Otto von Bismarck following the Unification of 1871. Fiscal policy in the German Empire was predominantly the domain of the various states responsible for all direct taxation according to the 1833 ''Zollverein'' treaties. The federal government merely received indirect contributions from the states. Matters of fiscal policy at the federal level initially was the exclusive responsibility of the German Chancellery under Otto von Bi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bundesrechnungshof
The Bundesrechnungshof (Federal Court of Auditors; also Federal Audit Office) is the supreme federal authority for federal audit matters in Germany. There are equivalent bodies at state level. The status of the Bundesrechnungshof, its members and its essential functions are guaranteed by the German Constitutionart. 114 paragraph 2of the Basic Law), and regulated by other legislation (i.e. Bundesrechnungshof Act, Federal Budget Code). It is an independent judicial body, with around 600 employees. Its current President is Kay Scheller. The institution is a supreme federal authority only as far as it administers internal tasks such as personnel affairs, management of buildings or clearance of travel expenses and the like. Processing its core duties - auditing, reporting and counseling as external financial controllers - it is not part of the executive branch of Germany, but is positioned beyond the three classical constitutional powers. The Bundesrechnungshof is not subordinated to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency Union
A currency union (also known as monetary union) is an intergovernmental agreement that involves two or more State (polity), states sharing the same currency. These states may not necessarily have any Economic integration#Stages, further integration (such as an economic and monetary union, which would have, in addition, a customs union and a single market). There are three types of currency unions: * ''Informal'' – unilateral adoption of a foreign currency. * ''Formal'' – adoption of foreign currency by virtue of bilateral or multilateral agreement with the monetary authority, sometimes supplemented by issue of local currency in currency peg regime. * ''Formal with common policy'' – establishment by multiple countries of a common monetary policy and monetary authority for their common currency. The theory of the optimal currency area addresses the question of how to determine what geographical regions should share a currency in order to maximize economic efficiency. Advantag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Bank
Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. It was founded in 1870 and grew through multiple acquisitions, including Disconto-Gesellschaft in 1929 (as a consequence of which it was known from 1929 to 1937 as Deutsche Bank und Disconto-Gesellschaft or "DeDi-Bank"), Bankers Trust in 1998, and Deutsche Postbank in 2010. As of 2018, the bank's network spanned 58 countries with a large presence in Europe, the Americas, and Asia. As of 2021, Deutsche Bank was the 21st largest bank in the world by total assets and 93rd in the world by market capitalization. It is a component of the DAX stock market index, and often referred to as the largest German banking institution even though the Sparkassen-Finanzgruppe comes well ahead in terms of combined assets. Deutsche Bank has bee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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