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 Swabia region of Bavaria, with 141 employees. Its name references 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 ...
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Aktiengesellschaft
(; abbreviated AG, ) is a 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. It is also used in Luxembourg (as lb, Aktiëgesellschaft, label=none, ), although the equivalent French language term ''S.A. (corporation), société anonyme'' is more common. In the United Kingdom, the equivalent term is public limited company, "PLC" 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" (though note for the British term only a minority of public limited companies have their shares listed on stock exchanges). Meaning of the word The German w ...
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Augsburg
Augsburg (; bar , Augschburg , links=https://en.wikipedia.org/wiki/Swabian_German , label=Swabian German, , ) is a city in Swabia, Bavaria, Germany, around west of Bavarian capital Munich. It is a university town and regional seat of the ''Regierungsbezirk'' Schwaben with an impressive Altstadt (historical city centre). Augsburg is an urban district and home to the institutions of the Landkreis Augsburg. It is the third-largest city in Bavaria (after Munich and Nuremberg) with a population of 300,000 inhabitants, with 885,000 in its metropolitan area. After Neuss, Trier, Cologne and Xanten, Augsburg is one of Germany's oldest cities, founded in 15 BC by the Romans as Augsburg#Early history, Augusta Vindelicorum, 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 banking in the 16th century. According to Behringer, in the sixteen ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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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. 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 with deposits and loans from co ...
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Commercial Banking
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. 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 banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ...
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Swabia (Bavaria)
Swabia (german: Schwaben, ) is one of the seven administrative regions of Bavaria, Germany. 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 Hohenstaufen dynasty. During the 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: *1939: 934,311 *1950: 1,293,734 *1961: 1,340,217 *1970: 1,467,454 *1987: 1,546,504 *2002: 1,776,465 *2005: 1,788,919 *2006: 1,786,764 *2008: 1,787,995 *2010: 1,785,875 *2015: 1,846,020 *2019: 1,89 ...
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Bavaria
Bavaria ( ; ), officially the Free State of Bavaria (german: Freistaat Bayern, link=no ), is a state in the south-east of Germany. With an area of , Bavaria is the largest German state by land area, comprising roughly a fifth of the total land area of Germany. With over 13 million inhabitants, it is second in population only to North Rhine-Westphalia, but due to its large size its population density is below the German average. Bavaria's main cities are Munich (its capital and largest city and also the third largest city in Germany), Nuremberg, and Augsburg. The history of Bavaria includes its earliest settlement by Iron Age Celtic tribes, followed by the conquests of the Roman Empire in the 1st century BC, when the territory was incorporated into the provinces of Raetia and Noricum. It became the Duchy of Bavaria (a stem duchy) in the 6th century AD following the collapse of the Western Roman Empire. It was later incorporated into the Holy Roman Empire, became an ind ...
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Fugger
The House of Fugger () is a German upper bourgeois 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 ...
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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 Nuremberg Zoo (german: Tiergarten Nürnberg) is a zoo located in the Nuremberg Reichswald ("imperial forest"), southeast of Nuremberg, Germany. With an area of , approximately 300 animal species are kept by the zoo. History In the Middle ... 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 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 arcad ...
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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. 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 anc ...
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