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A. Schaaffhausen'scher Bank Association
The corporation of A. Schaaffhausen'scher Bank Association (german: 'A. Schaaffhausen'scher Bankverein') was a bank based in Cologne and was the first joint stock company legally recognised as a bank in Germany. Company history In 1791 Abraham Schaaffhausen founded his private bank, one of the first and most important financial resources for the growing Rhineland-Westphalia area and its involvement in heavy industry. In 1848, the bank, seriously affected by the Revolutions of 1848, found itself facing solvency issues, and on March 29, 1848, they were forced to cease payment. Under national guarantees, and acting upon the advice of the Prussian Finance Minister (and later founder of the Disconto-Association), David Hansemann, the bank was allowed to be salvaged by other bankers under the leadership of Gustav Mevissen, Wilhelm Ludwig Deichmann, Schaaffhausen's son-in law, and Victor Wendelstadt. To this end, the Prussian government first sanctioned a bank in the form of a joint ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporation
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an '' ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through List of company registers, registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue share capital, stock, or by whether they are formed to make a profit (accounting), profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or ''corporation sole, sole'' (a legal entity consisting of a sing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crisis Of 1857
The Panic of 1857 was a financial panic in the United States caused by the declining international economy and over-expansion of the domestic economy. Because of the invention of the telegraph by Samuel F. Morse in 1844, the Panic of 1857 was the first financial crisis to spread rapidly throughout the United States. The world economy was also more interconnected by the 1850s, which also made the Panic of 1857 the first worldwide economic crisis. In Britain, the Palmerston government circumvented the requirements of the Bank Charter Act 1844, which required gold and silver reserves to back up the amount of money in circulation. Surfacing news of this circumvention set off the Panic in Britain. Beginning in September 1857, the financial downturn did not last long, but a proper recovery was not seen until the onset of the American Civil War in 1861. The sinking of contributed to the panic of 1857, as New York banks were awaiting a much-needed shipment of gold. American banks d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of Germany
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1929 Disestablishments In Germany
Nineteen or 19 may refer to: * 19 (number), the natural number following 18 and preceding 20 * one of the years 19 BC, AD 19, 1919, 2019 Films * ''19'' (film), a 2001 Japanese film * ''Nineteen'' (film), a 1987 science fiction film Music * 19 (band), a Japanese pop music duo Albums * ''19'' (Adele album), 2008 * ''19'', a 2003 album by Alsou * ''19'', a 2006 album by Evan Yo * ''19'', a 2018 album by MHD * ''19'', one half of the double album '' 63/19'' by Kool A.D. * '' Number Nineteen'', a 1971 album by American jazz pianist Mal Waldron * ''XIX'' (EP), a 2019 EP by 1the9 Songs * "19" (song), a 1985 song by British musician Paul Hardcastle. * "Nineteen", a song by Bad4Good from the 1992 album ''Refugee A refugee, conventionally speaking, is a displaced person who has crossed national borders and who cannot or is unwilling to return home due to well-founded fear of persecution. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1848
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hermann Fischer (Banker)
Hermann Fischer may refer to: * Hermann Fischer (general) (1894–1968), Generalleutnant in the Wehrmacht during World War II * Hermann Emil Fischer (1852–1919), German chemist * Hermann Fischer (athlete) Hermann Fischer (18 January 1912 in Asch, Austria-Hungary (now Aš, Czech Republic) – 23 November 1984 in Merseburg, East Germany) was a German athlete and Communist resistance fighter against Nazism. Life His parents, a round knitter an ... (1912–1984), German wrestler and Communist resistance fighter * Hermann Willibald Fischer (1896–1922), German mechanical engineer * Hermann Fischer (banker) (1873–1940), German banker {{hndis, Fischer, Hermann ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carl Klönne
Carl Klönne (26 May 1850 - 20 May 1915) was a German Banker. Life Carl Klönne was born in Solingen, a city famous for centuries as a centre for sword and knife making which during the nineteenth century grew to become an important industrial centre on the edge of the Ruhr District. His father, also called Carl, was a businessman: his grandfather had worked as a miner. The family was not particularly wealthy. Klönne underwent a training in banking in Cologne, after which he worked in a succession of banks in Cologne, Berlin, Amsterdam, London and even, briefly, in Russia. By 1875 he was director of the Westphalia Bank in Bielefeld. The bank was in a troubled state partly on account of the Long Depression, recession which hit Europe in the early 1870s, triggered initially by a disruption following the Franco-Prussian War and a collapse in farm prices. Helped by his friend and colleague, Albert Müller (who later became a director at the :de:Essener Credit-Anstalt, Essene ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karl Mathy
Karl Friedrich Wilhelm Mathy (March 17, 1807 – February 3, 1868), was a Badensian statesman. He was born at Mannheim. He studied law and politics at Heidelberg, and entered the Baden government department of finance in 1829. His sympathy with the revolutionary ideas of 1830, expressed in his paper the ''Zeitgeist'', cost him his appointment in 1834, and he made his way to Switzerland, where he contributed to the ''Jeune Suisse'' directed by Mazzini. On his return to Baden in 1840 he edited the ''Landtagszeitung'' at Karlsruhe, and in 1842 he entered the estates for the town of Konstanz. In 1843 Mathy founded a publishing house in Heidelberg together with Friedrich Daniel Bassermann, that would later become known as Bassermann'sche Verlagsbuchhandlung. He became one of the opposition leaders and in 1847 helped to found the ''Deutsche Zeitung'', a paper which eventually did much to further the cause of German unity. He took part in the preliminary parliament and in the Fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Bank
Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. It was founded in 1870 and grew through multiple acquisitions, including Disconto-Gesellschaft in 1929 (as a consequence of which it was known from 1929 to 1937 as Deutsche Bank und Disconto-Gesellschaft or "DeDi-Bank"), Bankers Trust in 1998, and Deutsche Postbank in 2010. As of 2018, the bank's network spanned 58 countries with a large presence in Europe, the Americas, and Asia. As of 2021, Deutsche Bank was the 21st largest bank in the world by total assets and 93rd in the world by market capitalization. It is a component of the DAX stock market index, and often referred to as the largest German banking institution even though the Sparkassen-Finanzgruppe comes well ahead in terms of combined assets. Deutsche Bank ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dresdner Bank
Dresdner Bank AG was a German bank and was based in Frankfurt. It was one of Germany's largest banking corporations and was acquired by competitor Commerzbank in May 2009. History 19th century The Dresdner Bank was established on 12 November 1872 through the conversion of the private banks Michael Kaskel and Bernhard Gutmann. The Dresdner Bank founding consortium consisted of Allgemeine Deutsche Creditanstalt (Leipzig), Berliner Handels-Gesellschaft (Berlin), Deutsche Vereinsbank (Frankfurt am Main), Deutsche Effecten- und Wechselbank (Frankfurt am Main) and Anglo-Deutsche Bank (Hamburg) with an initial capital of 8 million Thalers (24 million Marks) and 30 employees in Wilsdruffer Strasse in Dresden. From 1872 until his retirement in 1920, (1840-1925) was chairman of the board. In the 1870s, the Dresdner Bank acquired smaller regional institutes and several banks. The new branch in Berlin quickly exceeded the office in Dresden; therefore, the registered office moved to Be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bonn
The federal city of Bonn ( lat, Bonna) is a city on the banks of the Rhine in the German state of North Rhine-Westphalia, with a population of over 300,000. About south-southeast of Cologne, Bonn is in the southernmost part of the Rhine-Ruhr region, Germany's largest metropolitan area, with over 11 million inhabitants. It is a university city and the birthplace of Ludwig van Beethoven. Founded in the 1st century BC as a Roman settlement in the province Germania Inferior, Bonn is one of Germany's oldest cities. It was the capital city of the Electorate of Cologne from 1597 to 1794, and residence of the Archbishops and Prince-electors of Cologne. From 1949 to 1990, Bonn was the capital of West Germany, and Germany's present constitution, the Basic Law, was declared in the city in 1949. The era when Bonn served as the capital of West Germany is referred to by historians as the Bonn Republic. From 1990 to 1999, Bonn served as the seat of government – but no longer capi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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