Merck Finck Privatbankiers
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Merck Finck Privatbankiers
The private bank Merck Finck Privatbankiers AG, founded in 1870, is based in Munich and is also represented nationwide with a total of 16 locations. Since 2011, it has been a subsidiary of the Luxembourg bank KBL European Private Bankers (KLB), which was renamed Quintet Private Bank in January 2020. History Merck Finck was founded under the company ''Merck, Christian & Co.'' on 1 July 1870 by Adolf Karl Ludwig Christian and banker Heinrich Johann Merck. Other limited partners were the Darmstater Bank forerunner of the Danatbank and the entrepreneur Theodor von Cramer-Klett. By 1879, together with his brother August, who replaced the departing general Christian, the previous authorized representative Wilhelm von Finck already held a large part of the bank assets. As part of these changes, the bank was renamed ''Merck, Finck & Co.'' The core business of the bank was corporate financing and issuing corporate bonds. The bank was involved in the founding of companies such as the ''Südd ...
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Munich
Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the States of Germany, German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the List of cities in Germany by population, third-largest city in Germany, after Berlin and Hamburg, and thus the largest which does not constitute its own state, as well as the List of cities in the European Union by population within city limits, 11th-largest city in the European Union. The Munich Metropolitan Region, city's metropolitan region is home to 6 million people. Straddling the banks of the River Isar (a tributary of the Danube) north of the Northern Limestone Alps, Bavarian Alps, Munich is the seat of the Bavarian Regierungsbezirk, administrative region of Upper Bavaria, while being the population density, most densely populated municipality in Germany (4,500 people per km2). Munich is the second-largest city in the Bavarian dialects, Bavarian dialect area, ...
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Trams In Munich
The Munich tramway (german: Straßenbahn München) is the tramway network for the city of Munich in Germany. Today it is operated by the municipally owned Münchner Verkehrsgesellschaft (the Munich Transport Company, or MVG) and is known officially and colloquially as the ''Tram''. Previous operators have included ''Société Anonyme des Tramways de Munich'', the ''Münchner Trambahn-Aktiengesellschaft'', the ''Städtische Straßenbahnen'' and the ''Straßenbahn München''. The tram network interconnects with the MVG's bus network, the Munich U-Bahn and the Munich S-Bahn, all of which use a common tariff as part of the Münchner Verkehrs- und Tarifverbund (Munich Transport and Tariff Association, or MVV) transit area. As of 2012, the daytime tram network comprises 13 lines and is long with 165 stops. There is also a night tram service with four routes. The network is operated by 106 trams (as of 2012), and transported 98 million people in 2010 and 104 million people ...
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DASA
''Dasa'' ( sa, दास, Dāsa) is a Sanskrit word found in ancient Indian texts such as the ''Rigveda'' and ''Arthasastra''. It usually means "enemy" or "servant" but ''dasa'', or ''das'', also means a "servant of God", "devotee," "votary" or "one who has surrendered to God". Dasa may be a suffix of a given name to indicate a "servant" of a revered person or a particular deity. ''Dasa'', in some contexts, is also related to ''dasyu'' and ''asura'', which have been translated by some scholars as "demon", "harmful supernatural forces", "slave", "servant" or "barbarian", depending on the context in which the word is used.Wash Edward Hale (1999), Ásura- in Early Vedic Religion, Motilal Barnarsidass, , pages 159-169 Etymology ''Dāsa'' first appears in Vedic texts from the second millennium BCE. There is no consensus on its origins. Karl Heinrich Tzschucke in 1806, in his translations of the Roman geographer Pomponius Mela, noted etymological and phonological parallels between '' ...
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Udet-Flugzeugbau
Udet Flugzeugbau GmbH was an aircraft manufacturer founded in the summer of 1921 in Munich by Ernst Udet with Henry Hans Herrmann and Erich Scheuermann, funded by the American financier William Pohl, designing and building light sport and commercial aircraft, within the limitations of the Versailles Treaty. History The first Udet aircraft to be built was the single-seater Udet U 1 designed by Hans Henry Herrmann in the winter of 1921/22 with a 22 kW two-cylinder Haacke HFM-2 engine. Although the fuselage was designed with two seats, only one seat was installed due to the low-powered engine. The first flight took place in May 1922. The refined U 2, which was ready for series production in the winter of 1922, had been designed with two seats. It had a wingspan of 8.9 m, was about 6 m long and was driven by the same Haacke engine as the U 1. At least four machines of this type were built. On January 1, 1923 Herrmann then officially became chief designer at Udet in Ramersdor ...
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Baroness Elisabeth Of Wangenheim-Winterstein
Baroness Elisabeth of Wangenheim-Winterstein (german: Elisabeth Freiin von Wangenheim-Winterstein ; 16 January 191215 March 2010) was the wife of Charles Augustus, Hereditary Grand Duke of Saxe-Weimar-Eisenach, and the mother of Prince Michael, current head of the House of Saxe-Weimar-Eisenach. Early life Baroness (german: Freiin) Elisabeth and her twin sister Baroness Dorothée were born on 16 January 1912 in Tübingen, Württemberg to Baron Othmar von Wangenheim-Winterstein and his wife, Baroness Maud von Trützschler zum Falkenstein. Her family lived in Thüringia at Behringen Castle. Her mother died in childbirth in 1913, leaving a son, Baron Jobst von Wangenheim-Winterstein. As a young girl Elisabeth began training as a pianist in Hanover but was forced to end her studies, as the death of their mother left her widowed father in need of help on the family estate. Her education left her with a lifetime love of music, particularly Mozart, as well as a fondness for liter ...
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August Von Finck Sr
August is the eighth month of the year in the Julian and Gregorian calendars, and the fifth of seven months to have a length of 31 days. Its zodiac sign is Leo and was originally named ''Sextilis'' in Latin because it was the 6th month in the original ten-month Roman calendar under Romulus in 753 BC, with March being the first month of the year. About 700 BC, it became the eighth month when January and February were added to the year before March by King Numa Pompilius, who also gave it 29 days. Julius Caesar added two days when he created the Julian calendar in 46 BC (708 AUC), giving it its modern length of 31 days. In 8 BC, it was renamed in honor of Emperor Augustus. According to a Senatus consultum quoted by Macrobius, he chose this month because it was the time of several of his great triumphs, including the conquest of Egypt. Commonly repeated lore has it that August has 31 days because Augustus wanted his month to match the length of Julius Caesar's July, but t ...
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Hyperinflation In The Weimar Republic
Hyperinflation affected the German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923. It caused considerable internal political instability in the country, the occupation of the Ruhr by France and Belgium, and misery for the general populace. Background To pay for the large costs of the ongoing First World War, Germany suspended the gold standard (the convertibility of its currency to gold) when the war broke out. Unlike France, which imposed its first income tax to pay for the war, German Emperor Wilhelm II and the Reichstag decided unanimously to fund the war entirely by borrowing. The government believed that it would be able to pay off the debt by winning the war and imposing war reparations on the defeated Allies. This was to be done by annexing resource-rich industrial territory in the west and east and imposing cash payments to Germany, similar to the French indemnity that followed German victory over France in 1870.Evans, p. 103 ...
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World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdin ...
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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 ...
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Loan
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent. Ac ...
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Deposit Account
A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is recorded as a liability of the bank and represents an amount owed by the bank to the customer. In other words, the banker-customer (depositor) relationship is one of debtor-creditor. Some banks charge fees for transactions on a customer's account. Additionally, some banks pay customers interest on their account balances. Types of accounts * How banking works In banking, the verbs "deposit" and "withdraw" mean a customer paying money into, and taking money out of, an account, respectively. From a legal and financial accounting standpoint, the noun "deposit" is used by the banking industry in financial statements to describe the liability owed b ...
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