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Wiener Bankverein
The Wiener Bankverein or Bank-Verein (WBV, ) was a major bank in the Habsburg Monarchy and First Austrian Republic, founded in 1869. In 1888 it was the fourth-largest bank of Austria-Hungary by market capitalization, behind the Austro-Hungarian Bank, the Länderbank, and the Creditanstalt. It merged with the troubled Creditanstalt in 1934 to form Creditanstalt-Bankverein. Wiener Bankverein is thus one of the many predecessor entities of UniCredit, as the latter in 2005 acquired Bank Austria which itself had merged with Creditanstalt in 1997. Habsburg era The Wiener Bankverein's creation was sponsored in 1869 by the , which had been established in Vienna in 1863. In 1871, with assistance from Anglo-Austrian Bank and Darmstädter Bank, it sponsored the creation of a joint-stock bank in Constantinople, the ; but that venture soon faltered and was acquired by the Imperial Ottoman Bank in 1874. It the late 19th century, the WBV became active in financing ventures in southeastern Eu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wien 01 Haus Am Schottentor A
Vienna ( ; german: Wien ; bar, Wean, label=Bavarian language, Austro-Bavarian ) is the Capital city, capital, largest city, and one of States of Austria, nine states of Austria. Vienna is Austria's List of cities and towns in Austria, most populous city and its primate city, with about two million inhabitants (2.9 million within the metropolitan area, nearly one third of the country's population), and its Culture of Austria, cultural, Economy of Austria, economic, and Politics of Austria, political center. It is the Largest cities of the European Union by population within city limits, 6th-largest city proper by population in the European Union and the largest of all List of cities and towns on Danube river, cities on the Danube river. Until the beginning of the 20th century, Vienna was the largest German language, German-speaking city in the world, and before the splitting of the Austria-Hungary, Austro-Hungarian Empire in World War I, the city had two million inhabitants. To ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budapest
Budapest (, ; ) is the capital and most populous city of Hungary. It is the ninth-largest city in the European Union by population within city limits and the second-largest city on the Danube river; the city has an estimated population of 1,752,286 over a land area of about . Budapest, which is both a city and county, forms the centre of the Budapest metropolitan area, which has an area of and a population of 3,303,786; it is a primate city, constituting 33% of the population of Hungary. The history of Budapest began when an early Celtic settlement transformed into the Roman town of Aquincum, the capital of Lower Pannonia. The Hungarians arrived in the territory in the late 9th century, but the area was pillaged by the Mongols in 1241–42. Re-established Buda became one of the centres of Renaissance humanist culture by the 15th century. The Battle of Mohács, in 1526, was followed by nearly 150 years of Ottoman rule. After the reconquest of Buda in 1686, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lviv
Lviv ( uk, Львів) is the largest city in western Ukraine, and the seventh-largest in Ukraine, with a population of . It serves as the administrative centre of Lviv Oblast and Lviv Raion, and is one of the main cultural centres of Ukraine. It was named in honour of Leo, the eldest son of Daniel, King of Ruthenia. Lviv emerged as the centre of the historical regions of Red Ruthenia and Galicia in the 14th century, superseding Halych, Chełm, Belz and Przemyśl. It was the capital of the Kingdom of Galicia–Volhynia from 1272 to 1349, when it was conquered by King Casimir III the Great of Poland. From 1434, it was the regional capital of the Ruthenian Voivodeship in the Kingdom of Poland. In 1772, after the First Partition of Poland, the city became the capital of the Habsburg Kingdom of Galicia and Lodomeria. In 1918, for a short time, it was the capital of the West Ukrainian People's Republic. Between the wars, the city was the centre of the Lwów Voivodeship in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prague
Prague ( ; cs, Praha ; german: Prag, ; la, Praga) is the capital and largest city in the Czech Republic, and the historical capital of Bohemia. On the Vltava river, Prague is home to about 1.3 million people. The city has a temperate oceanic climate, with relatively warm summers and chilly winters. Prague is a political, cultural, and economic hub of central Europe, with a rich history and Romanesque, Gothic, Renaissance and Baroque architectures. It was the capital of the Kingdom of Bohemia and residence of several Holy Roman Emperors, most notably Charles IV (r. 1346–1378). It was an important city to the Habsburg monarchy and Austro-Hungarian Empire. The city played major roles in the Bohemian and the Protestant Reformations, the Thirty Years' War and in 20th-century history as the capital of Czechoslovakia between the World Wars and the post-war Communist era. Prague is home to a number of well-known cultural attractions, many of which survived the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Niederösterreichische Escompte-Gesellschaft
The Niederösterreichische Escompte-Gesellschaft or Niederösterreichischen Escomptegesellschaft () was a significant Austrian bank, created in Vienna in 1853. In 1934, the sounder parts of its business were merged with Creditanstalt and Wiener Bankverein to form Creditanstalt-Bankverein, a predecessor entity of Bank Austria (since 2005 part of UniCredit). History The Niederösterreichische Escompte-Gesellschaft was formed in 1853 on the model of the Disconto-Gesellschaft established two years earlier in Berlin, and mainly served merchants and industrialists in Vienna and its surrounding region of Lower Austria. In 1863, it sponsored the creation of the Böhmische Escompte-Bank in Prague, of which it eventually took full ownership in 1901. In 1869, it sponsored the creation of the in Pest, developed from the former private banking house of C. J. Malvieux. By 1910, it was one of the seven largest banks in Vienna. Following World War I, in 1919 the Niederösterreichische Esco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Basler Handelsbank
Swiss Bank Corporation was a Swiss investment bank and financial services company located in Switzerland. Prior to its merger, the bank was the third largest in Switzerland with over CHF300 billion of assets and CHF11.7 billion of equity. Throughout the 1990s, SBC engaged in a large growth initiative, shifting its focus from traditional commercial banking into investment banking, in an effort to match its larger Swiss rival Credit Suisse. As part of this strategy, SBC acquired US-based investment bank Dillon Read & Co. as well as London-based merchant bank S.G. Warburg in the mid-1990s. SBC also acquired Chicago-based Brinson Partners and O'Connor & Associates. These acquisitions formed the basis for a global investment banking business. In 1998, SBC merged with Union Bank of Switzerland to form UBS, the largest bank in Europe and the second largest bank in the world. The company's logo, which featured three keys, symbolizing "confidence, security, and discre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Belge Pour L'Étranger
The ''Banque Belge pour l'Étranger'' (BBE, "Belgian Bank for Lands Abroad") was a Belgian bank that operated mainly in Asia. It was originally established in 1902 in Brussels as the ''Banque Sino-Belge'' ("Chinese-Belgian Bank"), by the Société Générale de Belgique at the request of King Leopold II of Belgium. Its Hong Kong operation, initiated in 1935, was later renamed the Belgian Bank in 1980, ''Générale de Banque belge pour l’Étranger'' in 1985, General Belgian Bank in 1992, and Fortis Bank Asia ( zh, 華比富通銀行) in 2000, before being sold in 2005 to ICBC (Asia), the Hong Kong subsidiary of Industrial and Commercial Bank of China. History The Banque Sino-Belge was created in 1902, as Belgium, like other foreign powers with presence in China, was entitled to payments from the Qing Dynasty empire under the Boxer Protocol. Alongside the Société Générale de Belgique, its original investors included the (which would merge into the Banque Sino-Belge in 190 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Société Générale De Belgique
The ' ( nl, Generale Maatschappij van België; literally "General Company of Belgium") was a large Belgian bank and later holdings company which existed between 1822 and 2003. The ''Société générale'' was originally founded as an investment bank by William I of the Netherlands in 1822 when Belgium was under Dutch rule. After the Belgian Revolution in 1830, it served as the national bank until 1850. Its investments in the national economy contributed to the rapidity of the Industrial Revolution in the region. As a holding company, the ''Société générale'' exercised considerable indirect control over the Belgian and colonial economy. Various elements of the company, including its banking wing, were split off over the course of its existence. In the 1980s, Suez begun to buy up the company's shares and, in 1998, the ''Société générale'' was taken over by Suez Lyonnaise des Eaux. It ceased to exist in 2003 when it was merged with Tractebel to form Suez-Tractebel. His ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belgrade
Belgrade ( , ;, ; Names of European cities in different languages: B, names in other languages) is the Capital city, capital and List of cities in Serbia, largest city in Serbia. It is located at the confluence of the Sava and Danube rivers and the crossroads of the Pannonian Basin, Pannonian Plain and the Balkan Peninsula. Nearly 1,166,763 million people live within the administrative limits of the City of Belgrade. It is the third largest of all List of cities and towns on Danube river, cities on the Danube river. Belgrade is one of the List of oldest continuously inhabited cities, oldest continuously inhabited cities in Europe and the world. One of the most important prehistoric cultures of Europe, the Vinča culture, evolved within the Belgrade area in the 6th millennium BC. In antiquity, Thracians, Thraco-Dacians inhabited the region and, after 279 BC, Celts settled the city, naming it ''Singidunum, Singidūn''. It was Roman Serbia, conquered by the Romans under the reign ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Run
A bank run or run on the bank occurs when many clients withdraw their money from a bank, because they believe the bank may cease to function in the near future. In other words, it is when, in a fractional-reserve banking system (where banks normally only keep a small proportion of their assets as cash), numerous customers withdraw cash from deposit accounts with a financial institution at the same time because they believe that the financial institution is, or might become, insolvent; they keep the cash or transfer it into other assets, such as government bonds, precious metals or gemstones. When they transfer funds to another institution, it may be characterized as a capital flight. As a bank run progresses, it may become a self-fulfilling prophecy: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy. To combat a bank run, a bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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