Sal. Oppenheim
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Sal. Oppenheim
Sal. Oppenheim was a German private bank founded in 1789 and headquartered in Cologne, Germany. It provided asset management solutions for wealthy individual clients and institutional investors. In 2009, the bank became a subsidiary of Deutsche Bank. In 2017, Deutsche Bank decided to discontinue the Sal. Oppenheim brand and to fully integrate their business,''Deutsche Bank to break up, integrate Sal Oppenheim''
Financial Times, Oct 27th 2017 which was officially completed on 30 June 2018.


History


Founding

The bank was founded in 1789 in the city of by seventeen-year-old
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Rothschild Family
The Rothschild family ( , ) is a wealthy Ashkenazi Jewish family originally from Frankfurt that rose to prominence with Mayer Amschel Rothschild (1744–1812), a court factor to the German Landgraves of Hesse-Kassel in the Free City of Frankfurt, Holy Roman Empire, who established his banking business in the 1760s. Unlike most previous court factors, Rothschild managed to bequeath his wealth and established an international banking family through his five sons, who established businesses in London, Paris, Frankfurt, Vienna, and Naples. The family was elevated to noble rank in the Holy Roman Empire and the United Kingdom. The family's documented history starts in 16th century Frankfurt; its name is derived from the family house, Rothschild, built by Isaak Elchanan Bacharach in Frankfurt in 1567. During the 19th century, the Rothschild family possessed the largest private fortune in the world, as well as in modern world history.''The House of Rothschild: Money's prophets, ...
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Freiherr
(; male, abbreviated as ), (; his wife, abbreviated as , literally "free lord" or "free lady") and (, his unmarried daughters and maiden aunts) are designations used as titles of nobility in the German-speaking areas of the Holy Roman Empire and in its various successor states, including Austria, Prussia, Bavaria, Liechtenstein, Luxembourg, etc. Traditionally, it denotes the titled royal and noble ranks, rank within the nobility above ' (knight) and ' (nobility without a specific title) and below ' (count, count, earl). The title superseded the earlier medieval form, '. It corresponds approximately to the English ''baron'' in rank. The Duden orthography of the German language references the French nobility title of ''Baron'', deriving from the latin-germanic combination ''liber baro'' (which also means "free lord"), as corresponding to the German "Freiherr"; and that ''Baron'' is a corresponding salutation for a ''Freiherr''.Duden; Definition of ''Baron, der'' (in German)/ref> ...
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Prussia
Prussia, , Old Prussian: ''Prūsa'' or ''Prūsija'' was a German state on the southeast coast of the Baltic Sea. It formed the German Empire under Prussian rule when it united the German states in 1871. It was ''de facto'' dissolved by an emergency decree transferring powers of the Prussian government to German Chancellor Franz von Papen in 1932 and ''de jure'' by an Allied decree in 1947. For centuries, the House of Hohenzollern ruled Prussia, expanding its size with the Prussian Army. Prussia, with its capital at Königsberg and then, when it became the Kingdom of Prussia in 1701, Berlin, decisively shaped the history of Germany. In 1871, Prussian Minister-President Otto von Bismarck united most German principalities into the German Empire under his leadership, although this was considered to be a "Lesser Germany" because Austria and Switzerland were not included. In November 1918, the monarchies were abolished and the nobility lost its political power during the Ger ...
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Protestantism
Protestantism is a branch of Christianity that follows the theological tenets of the Protestant Reformation, a movement that began seeking to reform the Catholic Church from within in the 16th century against what its followers perceived to be growing errors, abuses, and discrepancies within it. Protestantism emphasizes the Christian believer's justification by God in faith alone (') rather than by a combination of faith with good works as in Catholicism; the teaching that salvation comes by divine grace or "unmerited favor" only ('); the priesthood of all faithful believers in the Church; and the ''sola scriptura'' ("scripture alone") that posits the Bible as the sole infallible source of authority for Christian faith and practice. Most Protestants, with the exception of Anglo-Papalism, reject the Catholic doctrine of papal supremacy, but disagree among themselves regarding the number of sacraments, the real presence of Christ in the Eucharist, and matters of ecclesiast ...
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Catholicism
The Catholic Church, also known as the Roman Catholic Church, is the largest Christian church, with 1.3 billion baptized Catholics worldwide . It is among the world's oldest and largest international institutions, and has played a prominent role in the history and development of Western civilization.O'Collins, p. v (preface). The church consists of 24 ''sui iuris'' churches, including the Latin Church and 23 Eastern Catholic Churches, which comprise almost 3,500 dioceses and eparchies located around the world. The pope, who is the bishop of Rome, is the chief pastor of the church. The bishopric of Rome, known as the Holy See, is the central governing authority of the church. The administrative body of the Holy See, the Roman Curia, has its principal offices in Vatican City, a small enclave of the Italian city of Rome, of which the pope is head of state. The core beliefs of Catholicism are found in the Nicene Creed. The Catholic Church teaches that it is th ...
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Judaism
Judaism ( he, ''Yahăḏūṯ'') is an Abrahamic, monotheistic, and ethnic religion comprising the collective religious, cultural, and legal tradition and civilization of the Jewish people. It has its roots as an organized religion in the Middle East during the Bronze Age. Modern Judaism evolved from Yahwism, the religion of ancient Israel and Judah, by the late 6th century BCE, and is thus considered to be one of the oldest monotheistic religions. Judaism is considered by religious Jews to be the expression of the covenant that God established with the Israelites, their ancestors. It encompasses a wide body of texts, practices, theological positions, and forms of organization. The Torah, as it is commonly understood by Jews, is part of the larger text known as the ''Tanakh''. The ''Tanakh'' is also known to secular scholars of religion as the Hebrew Bible, and to Christians as the " Old Testament". The Torah's supplemental oral tradition is represented by later texts s ...
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Eurohypo
Hypothekenbank Frankfurt AG, previously Eurohypo AG, was wound down in 2016. Its portfolios were transferred to Commerzbank AG. The banking and pfandbrief licenses were returned and Hypothekenbank Frankfurt AG was transformed into a service company LSF Loan Solutions Frankfurt GmbH. Hypothekenbank Frankfurt AG was a European real estate bank based in Eschborn, Frankfurt. Eurohypo was 100% owned by Commerzbank. It was the eleventh-largest bank in Germany with a balance sheet of € 214.2 billion in 2007. Hypothekenbank Frankfurt AG (previously Eurohypo AG) is a leading international specialist bank for real estate and public finance. The bank is also the Pfandbrief issuer within the Commerzbank Group. Eurohypo’s business model is based on a common platform of real estate and public finance. Bloomberg News termed Eurohypo "problematic" and that it might be transferred to a " bad bank" within Germany's bank rescue fund SoFFin in an effort to help repair Commerzbank's capital defi ...
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Darmstädter Bank
The Darmstädter und Nationalbank (short form Danat-Bank) was a German bank. History The Darmstädter und Nationalbank was formed in 1922 from the merger of the Bank für Handel und Industrie (Darmstadt) and the Nationalbank für Deutschland. The ''Darmstädter Bank für Handel und Industrie'' (often called ''Darmstädter Bank'') was founded as the ''Bank für Handel und Industrie'' by Gustav von Mevissen and Abraham Oppenheim with a capital of 25 million guilders and modelled after the French bank Crédit Mobilier. It received a banking concession on 2 April 1853.Brockhaus' Kleines Konversations-Lexikon, fünfte Auflage, Band 1. Leipzig 1911., S. 149.
downloaded on 1 April 2009 It was thus the second universal bank in Germany founded as a c ...
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Herstatt Bank
Herstatt Bank (Bankhaus I.D. Herstatt K.G.a.A.) was a privately owned bank in the German city of Cologne. It went bankrupt on 26 June 1974, an event widely referred to as the Herstatt crisis. Herstatt's failure specifically highlighted the importance of settlement risk in foreign-exchange markets, which became correspondingly known as Herstatt risk. The Herstatt crisis had important policy consequences. In the subsequent months of 1974, Germany established the and, at the international level, central bankers created the Basel Committee on Banking Supervision. With considerably more delay, concerns about Herstatt risk were revived in the late 1980s and 1990s and resulted in the creation of CLS Bank, operational since 2002 as a global foreign exchange market settlement utility. Background Herstatt Bank was founded in 1955 by Ivan David Herstatt, with financial assistance from Herbert Quandt, Emil Bührle and Hans Gerling, the head of an insurance company who took a majority sh ...
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Amsterdam
Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the Capital of the Netherlands, capital and Municipalities of the Netherlands, most populous city of the Netherlands, with The Hague being the seat of government. It has a population of 907,976 within the city proper, 1,558,755 in the City Region of Amsterdam, urban area and 2,480,394 in the Amsterdam metropolitan area, metropolitan area. Located in the Provinces of the Netherlands, Dutch province of North Holland, Amsterdam is colloquially referred to as the "Venice of the North", for its large number of canals, now designated a World Heritage Site, UNESCO World Heritage Site. Amsterdam was founded at the mouth of the Amstel River that was dammed to control flooding; the city's name derives from the Amstel dam. Originally a small fishing village in the late 12th century, Amsterdam became a major world port during the Dutch Golden Age of the 17th century, when the Netherlands was an economic powerhouse. Amsterdam is th ...
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