Fürst Fugger Privatbank
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Fürst Fugger Privatbank
Fürst Fugger Privatbank is a small German regional bank in Augsburg, founded in 1954 and mainly serving the Swabian region of Bavaria, with 141 employees. Its name refers to the historical Fugger banking house that ceased to exist in the 17th century, but the companies have no relation. History Fürst Fugger Privatbank was founded when Friedrich Carl Fürst Fugger-Babenhausen acquired the small bank Friedl & Dumler GmbH in 1954. However, the bank only received its current name in 1994. Since 1999, Fürst Fugger Privatbank has been majority owned by the Nürnberger Versicherungsgruppe insurance company, although prince Hubertus Fugger-Babenhausen still holds a stake. He also owns the Fuggerhäuser The Fuggerhäuser (''Fugger houses'') is a complex of houses on the Maximilianstraße in Augsburg, built for the Fugger family of businessmen. It is now owned by the Fugger-Babenhausen branch of the Fugger family who resides at Wellenburg castle ... in Augsburg, where the bank has i ...
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Aktiengesellschaft
(; abbreviated AG ) is a German language, German word for a corporation limited by Share (finance), share ownership (i.e., one which is owned by its shareholders) whose shares may be traded on a stock market. The term is used in Germany, Austria, Switzerland (where it is equivalent to a ''S.A. (corporation), société anonyme'' or a ''società per azioni'') and South Tyrol for companies incorporated there. In the United Kingdom, the equivalent term is public limited company, and in the United States, while the terms "Incorporation (business), incorporated" or "corporation" are typically used, technically the more precise equivalent term is "joint-stock company". Meaning of the word The German word ''Aktiengesellschaft'' is a compound noun made up of two elements: ''Aktien'' meaning an acting part or shares, share, and ''Gesellschaft'', meaning company or society. English translations include ''share company'', or ''company limited by shares'', or joint-stock company. In German, ...
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Augsburg
Augsburg ( , ; ; ) is a city in the Bavaria, Bavarian part of Swabia, Germany, around west of the Bavarian capital Munich. It is a College town, university town and the regional seat of the Swabia (administrative region), Swabia with a well preserved Altstadt (historical city centre). Augsburg is an Urban districts of Germany, urban district and home to the institutions of the Augsburg (district), Landkreis Augsburg. It is the List of cities in Bavaria by population, third-largest city in Bavaria (after Munich and Nuremberg), with a population of 304,000 and 885,000 in its metropolitan area. After Neuss, Trier, Worms, Germany, Worms, Cologne and Xanten, Augsburg is one of Germany's oldest cities, founded in 15 BC by the Romans as Augsburg#Early history, Augusta Vindelicorum and named after the Roman emperor Augustus. It was a Free Imperial City from 1276 to 1803 and the home of the patrician (post-Roman Europe), patrician Fugger and Welser families that dominated European ban ...
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Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ...
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Retail Banking
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate banking). Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term ''commercial bank'' is used for a ''normal'' bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly ...
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Commercial Banking
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with wholesale banking to corporations or large or middle-sized businesses, to differentiate from retail banks and investment banks. Commercial banks include private sector banks and public sector banks. However, central banks function differently from commercial banks, despite a common misconception known as the "bank analogy". Unlike commercial banks, central banks are not primarily focused on generating profits and cannot become insolvent in the same way as commercial banks in a fiat currency system. History The name ''bank'' derives from the Italian word ''banco'' 'desk/bench', used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of ...
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Swabia (Bavaria)
Swabia (, Swabian German, Swabian: ''Schwaabe'', ) is one of the seven Regierungsbezirk, administrative regions of Bavaria, Germany. It consists of ten districts and 340 municipalities (including four cities) with Augsburg being the administrative capital. Governance The county of Swabia is located in southwest Bavaria. It was annexed by Bavaria in 1803, is part of the historic region of Swabia and was formerly ruled by dukes of the House of Hohenstaufen, Hohenstaufen dynasty. During the Nazi Germany, Nazi period, the area was separated from the rest of Bavaria to become the Gau Swabia. It was re-incorporated into Bavaria after the war. The Regierungsbezirk is subdivided into 3 regions (''Planungsregionen''): Allgäu, Augsburg, and Donau-Iller. Donau-Iller also includes two districts and one city of Baden-Württemberg. * Part of the Swabian Keuper Land Districts and district-free towns before the regional reorganization in 1972 Population Historical population of Swabia: * ...
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Bavaria
Bavaria, officially the Free State of Bavaria, is a States of Germany, state in the southeast of Germany. With an area of , it is the list of German states by area, largest German state by land area, comprising approximately 1/5 of the total land area of Germany, and with over 13.08 million inhabitants, it is the list of German states by population, second most populous German state, behind only North Rhine-Westphalia; however, due to its large land area, its population density is list of German states by population density, below the German average. Major cities include Munich (its capital and List of cities in Bavaria by population, largest city, which is also the list of cities in Germany by population, third largest city in Germany), Nuremberg, and Augsburg. The history of Bavaria includes its earliest settlement by Iron Age Celts, Celtic tribes, followed by the conquests of the Roman Empire in the 1st century BC, when the territory was incorporated into the provinces of Ra ...
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Fugger
The House of Fugger () is a German family that was historically a prominent group of European bankers, members of the fifteenth- and sixteenth-century mercantile patriciate of Augsburg, international mercantile bankers, and venture capitalists. Alongside the Welser family, the Fugger family controlled much of the European economy in the sixteenth century and accumulated enormous wealth. The Fuggers held a near monopoly on the European copper market. This banking family replaced the Medici family who influenced all of Europe during the Renaissance. The Fuggers took over many of the Medicis' assets and their political power and influence. They were closely affiliated with the House of Habsburg whose rise to world power they financed. Unlike the citizenry of their hometown and most other trading patricians of German free imperial cities, such as the Tuchers, they never converted to Lutheranism, as presented in the Augsburg Confession, but rather remained with the Roman Catholi ...
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Nürnberger Versicherungsgruppe
Nürnberger may refer to: Places near Nuremberg, Germany * Nürnberger Land, a district in Bavaria, Germany * Nürnberger Burg or Nuremberg Castle * Nürnberger Reichswald, the location of Nuremberg Zoo Other uses * Albert Nürnberger (1854–1931), German bow maker * M. J. Nurenberger (1911–2001), Jewish journalist, author and publisher * ''Nürnberger Nachrichten'' (NN), a local daily in the Nuremberg-Erlangen-Fürth area * ''Nürnberger Rostbratwurst'', a type of small Bratwurst ''Bratwurst'' () is a type of German sausage made from pork or, less commonly, beef or veal. The name is derived from the Old High German , from , finely chopped meat, and , sausage, although in modern German it is often associated with the ver ... (fried sausage) originating from Nürnberg. See also * Nürnberg (other) {{disambiguation, surname ...
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Fuggerhäuser
The Fuggerhäuser (''Fugger houses'') is a complex of houses on the Maximilianstraße in Augsburg, built for the Fugger family of businessmen. It is now owned by the Fugger-Babenhausen branch of the Fugger family who resides at Wellenburg castle in Augsburg and in Babenhausen, Bavaria. Buildings From 1512 to 1515 Jakob Fugger the Younger (or ''the Rich'') built two linked houses on the ''Via Claudia'' (now Maximilianstraße) near the wine market, one as a town-house and the other as a warehouse. He designed them himself, based on notes he had taken on his travels in Italy. The secular building was the first Renaissance style building constructed north of the Alps. He bought other neighbouring houses from 1517 onwards and integrated them into the complex. The outer facade, one of the longest on Maximilianstraße, showed the Fugger family riches, since there was a tax paid according to the length of a house's facade. Inside the complex Jakob created four courtyards with arcade ...
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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 ...
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