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Federal Financial Supervisory Authority (Germany)
The Federal Financial Supervisory Authority (german: Bundesanstalt für Finanzdienstleistungsaufsicht, Bundesanstalt für Finanzdienstleistungsaufsicht) better known by its abbreviation BaFin is the financial regulatory authority for Germany. It is an independent federal institution with headquarters in Bonn and Frankfurt and falls under the supervision of the Federal Ministry of Finance. BaFin supervises about 2,700 banks, 800 financial services institutions, and over 700 insurance undertakings. History Background Prudential banking supervision in Germany essentially started as a consequence of the banking crisis of 1931, prior to which the only supervised credit institutions were the public savings banks. On , a decree established the office of (), for which Chancellor Heinrich Brüning appointed . In 1934, this was transformed into the , by new comprehensive banking legislation (german: Kreditwesengesetz of ). Initially the Reichsbank was associated with the supervisory p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bonn
The federal city of Bonn ( lat, Bonna) is a city on the banks of the Rhine in the German state of North Rhine-Westphalia, with a population of over 300,000. About south-southeast of Cologne, Bonn is in the southernmost part of the Rhine-Ruhr region, Germany's largest metropolitan area, with over 11 million inhabitants. It is a university city and the birthplace of Ludwig van Beethoven. Founded in the 1st century BC as a Roman settlement in the province Germania Inferior, Bonn is one of Germany's oldest cities. It was the capital city of the Electorate of Cologne from 1597 to 1794, and residence of the Archbishops and Prince-electors of Cologne. From 1949 to 1990, Bonn was the capital of West Germany, and Germany's present constitution, the Basic Law, was declared in the city in 1949. The era when Bonn served as the capital of West Germany is referred to by historians as the Bonn Republic. From 1990 to 1999, Bonn served as the seat of government – but no longer capital – ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Institutions
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] |
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] |
Commerzbank AG
Commerzbank AG () is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet. Founded in 1870 in Hamburg, the bank is today present in more than 50 countries around the world and provides almost a third of Germany's trade finance. In 2017, it handled 13 million customers in Germany and 5 million customers in Central and Eastern Europe. Commerzbank is a member of the Cash Group. 15% of the shares are owned by the Federal Republic of Germany and 85% are in free float. History Empire On 26 February 1870, mainly Hanseatic merchants, merchant bankers and private bankers founded the Commerz- and Disconto-Bank in Hamburg. Shipowner C. Woermann was the first chairman of the supervisory board of Commerz- und Disconto-Bank from 1870. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AMB Generali
Generali Deutschland AG (until 2008: AMB Generali) is a German holding company consisting of about 20 insurance companies. It is the second largest direct insurance company in Germany after Allianz. Its headquarters is in Munich. Companies Generali Deutschland owns include Generali Versicherungen, AachenMünchener, CosmosDirekt and other. The company is fully owned by the Italian group Assicurazioni Generali Assicurazioni Generali S.p.A. ( , ; meaning 'general insurances') or simply Generali Group is an Italian insurance company based in Trieste. As of 2019, it is the largest of its kind in Italy and among the top ten largest insurance companies in .... Since 2015, Giovanni Liverani has been CEO of the Generali Deutschland. In May 2015, he declares his new strategy which includes a renaming into Generali Deutschland (former: Generali Deutschland Holding) and a relocation from Cologne to Munich. Pressemitteilung Economic Activity There are numerous insurers and financial se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allianz
Allianz ( , ) is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. The company is one of the world's largest insurers and financial services groups. The company is a component of the Euro Stoxx 50 stock market index. Its asset management division, which consists of PIMCO, Allianz Global Investors and Allianz Real Estate, has €2,432 billion of assets under management (AuM), of which €1,775 billion are third-party assets (Q1 2021). Allianz sold Dresdner Bank to Commerzbank in November 2008. History Foundation ''Allianz AG'' was founded in Berlin on 5 February 1890 by then-director of the ''Munich Reinsurance Company'' Carl von Thieme (a native of Erfurt, whose father was the director of the insurance company ''Thuringia'') and Wilhelm von Finck (co-owner of the ''Merck Finck & Co. Bank''). The joint company was listed in Berlin's trade register under the name ''Al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aareal Bank
Aareal Bank AG is an international company listed on the MDAX index with headquarters in Wiesbaden, Germany, which traded as DePfa Deutsche Bau- und Boden Bank AG and formed part of the DePfa Gruppe until 2002. Aareal Bank is represented on three continents ( Europe, North America and the Asia-Pacific region) and oversees property financing in more than 20 countries. Aareal Bank AG has been listed on the German stock exchange since 2002. History The company's history dates back to two institutions: Preußische Landespfandbriefanstalt (founded in 1922) and Deutsche Wohnstättenbank AG (founded in 1923), both of which were based in Berlin. Deutsche Wohnstättenbank AG was renamed Deutsche Bau- und Bodenbank in 1926. In the years of the Nazi rule, the bank grew rapidly thanks to the bridging loan business which mainly targeted the funding of settlement and housing construction. These sectors boomed following the massive increase of the armament industry that demanded accommodat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Short Selling
In finance, being short in an asset means investing in such a way that the investor will profit if the value of the asset falls. This is the opposite of a more conventional "long" position, where the investor will profit if the value of the asset rises. There are a number of ways of achieving a short position. The most fundamental method is "physical" selling short or short-selling, which involves borrowing assets (often securities such as shares or bonds) and selling them. The investor will later purchase the same number of the same type of securities in order to return them to the lender. If the price has fallen in the meantime, the investor will have made a profit equal to the difference. Conversely, if the price has risen then the investor will bear a loss. The short seller must usually pay a fee to borrow the securities (charged at a particular rate over time, similar to an interest payment), and reimburse the lender for any cash returns such as dividends that were due ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Crisis Of 2007–2010
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bundesbank
The Deutsche Bundesbank (), literally "German Federal Bank", is the central bank of the Federal Republic of Germany and as such part of the European System of Central Banks (ESCB). Due to its strength and former size, the Bundesbank is the most influential member of the ESCB. Both the Bundesbank and the European Central Bank (ECB) are located in Frankfurt, Germany. It is sometimes referred to as "Buba" for Bundesbank, while its usual abbreviation is BBk in Germany and internationally DBB. The Bundesbank was established in 1957 and succeeded the Bank deutscher Länder, which introduced the Deutsche Mark on 20 June 1948. Until the euro was physically introduced in 2002, the Bundesbank was the central bank of the former Deutsche Mark ("German Mark", sometimes known in English as the "Deutschmark"). The Bundesbank was the first central bank to be given full independence, leading this form of central bank to be referred to as the ''Bundesbank model'', as opposed, for instance, to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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