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Wüstenrot Bank
The Wüstenrot Bank AG Pfandbriefbank was a German bank based in Ludwigsburg. As a branchless direct bank, it offered Transaction account, checking accounts, payment cards and securities trading. Company History On 9 August 1968, the ''Wüstenrot Bank AG'' for Housing was registered in the commercial register at the district court Ludwigsburg. The main task of the bank at that time was to support the customers of the ''Building society, Bausparkasse'' in financing their real estate projects. Later, the entire non-collective deposit business was taken over by the ''Bausparkasse''. In 1985, the construction of the first 10 bank branches began. In 1988 there were already 34 branches with 300 employees on the ground, and the range was expanded to include all forms of money and asset formation, Current account (banking), current account payments, Unsecured debt, personal loans and securities transactions. The bank's name was also shortened to Wüstenrot Bank AG. However, the field s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wüstenrot Bank 201x Logo
Wüstenrot is a municipality in the Mainhardt Forest with about 6,800 inhabitants, more than half of them in small incorporated villages. The village is the birthplace of the Wüstenrot Bausparkasse (Wüstenrot Building Society). Geography Location Wüstenrot is in the forest in the southeast of the Heilbronn (district), district of Heilbronn in the natural region of the Swabian-Franconian Forest. The River Rot runs through central Wüstenrot. Wüstenrot consists of the five towns (and former municipalities) Wüstenrot, Finsterrot, Maienfels, Neuhütten, Neulautern and the abandoned village of Neuhütte in Joachimstal. Neighbours Neighboring cities and municipalities of Wüstenrot are (moving rotation, clockwise, starting in the west) the towns of Beilstein (Württemberg), Beilstein and Löwenstein (both in Heilbronn), Bretzfeld (Hohenlohe), Mainhardt (Schwäbisch Hall), Großerlach and Spiegelberg (within Rems-Murr-Kreis) and Oberstenfeld (Prevorst district, Ludwigsburg ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parent Company
A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share capital, stock of other companies to create a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding Share capital, stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' uses the term ''parent holding company''. Holding companies can be subsidiaries in a Subsidiary#Tiered subsidiaries, tiered structure. Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1968
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. As 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 ancie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CashPool
CashPool is a cooperation of a multitude of smaller or virtual German private banks, in which they mutually waive ATM usage fees for their customers. It is not an interbank network but uses the pre-existing German ATM or Maestro/ Cirrus networks. With more than 3200 ATMs, the cooperating banks' ATM networks form the smallest ATM group in Germany. The cooperation was founded in 2000. Its primary competitor in Germany is Cash Group. Background Most banks in Germany, while connected through the German ATM network, charge ATM usage fees for customers of other banks. In 1998, the six largest German private banks established Cash Group, mutually waiving these fees within the Group. After the formation, other private banks tried to join Cash Group but were not accepted into the Group. Being smaller than the six large private banks, they operated fewer ATMs and thus would have unilaterally benefited from the use of the other bank's larger networks. As a consequence, several of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automated Teller Machine
An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of other names, including automatic teller machines (ATMs) in the United States (sometimes RAS syndrome, redundantly as "ATM machine"). In Canada, the term automated banking machine (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM rather than ABM. In British English, the terms cashpoint, cash machine and hole in the wall are also used. ATMs that are Independent ATM deployer, not operated by a financial institution are known as "White-label ABMs, white-label" ATMs. Using an ATM, customers can access their bank deposit or credit accounts in order to make ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiducia & GAD IT AG
Atruvia AG is the IT service provider of the German Cooperative Financial Group. The company based in Karlsruhe and Münster with further offices in Munich, Frankfurt and Berlin employs currently more than 4,600 staff (more than 6,700 including subsidiaries), generating an annual turnover of around 1.7 billion Euros. Among Atruvia's customers are almost all members of the German Cooperative Financial Group, further companies from the Genossenschaftliche FinanzGruppe, as well as numerous private banks and companies from other business segments, such as the German automobile club (ADAC The ADAC, officially the Allgemeiner Deutscher Automobil-Club (), is Europe's largest automobile association. The ADAC is the largest wikt:Verein, ''verein'' (club) in Germany, with around 21 million members. Its headquarters are located i ...). Atruvia provides IT services for 169,000 banking work stations, administers roughly 82 million banking accounts and ensures comfortable cash supply ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Online Banking
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2010s, this has become the most common way that customers access their bank accounts. The online banking system will typically connect to or be part of the core banking system operated by a bank to provide customers access to banking services in addition to or in place of historic branch banking. Online banking significantly reduces the banks' operating cost by reducing reliance on a physical branch network and offers convenience to some customers by lessening the need to visit a bank branch as well as being able to perform banking transactions even when branches are closed, for example outside the conventional banking hours or at weekends and on holidays. Internet banking provides personal an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Entschädigungseinrichtung Deutscher Banken
The Deposit guarantee scheme of German banks (''Entschädigungseinrichtung deutscher Banken'' in German) is a private institution legally responsible for guaranteeing the deposits of account holders of German banks in accordance with domestic legislation and EU directives. It is 100% owned by the Federal association of German banks. Other voluntary schemes exist alongside the mandatory scheme. History The EdB was established on 24 August 1998 in compliance with the deposit and depositor protection law (EAEG). Since its establishment it has had to deal with several large scale compensations (IKB, Hypo Real Estate and Düsseldorfer Hypothekenbank). In 2008 the fund did not have enough assets to deal with the claims resulting from Lehman Brothers and the German state stepped in by providing a SoFFin guarantee, enabling the institution to raise 6.7 Billion Euros on the bond market. Purpose The institution is charged with guaranteeing the statutory 100,000 Euro per account holder and b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Association Of German Banks
The ''Bundesverband deutscher Banken'' (BdB, also branded as Bankenverband and in English as Association of German Banks) is the representative body of profit-oriented banks in Germany and a key lobby group for Germany's financial sector. The BdB is a member of the German Banking Industry Committee that brings it together with its peers representing the other segments or "pillars" of German banking, namely the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken, BVR for German Cooperative Financial Group, cooperative banks, the Deutscher Sparkassen- und Giroverband, DSGV for Sparkassen-Finanzgruppe, savings banks, the Bundesverband Öffentlicher Banken Deutschlands (VÖB), VÖB mainly for public promotional banks, and Verband deutscher Pfandbriefbanken, VdP for specialized mortgage banks. The BdB is also a member of the European Banking Federation (EBF) together with the VÖB, Germany being the only country represented in the EBF by more than one member. History The BdB ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unsecured Debt
In finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment. Unsecured debts are sometimes called signature debt or personal loans. These differ from secured debt such as a mortgage, which is backed by a piece of real estate. In the event of the bankruptcy of the borrower, the unsecured creditors have a general claim on the assets of the borrower after the specific pledged assets have been assigned to the secured creditors. The unsecured creditors usually realize a smaller proportion of their claims than the secured creditors. In some legal systems, unsecured creditors who are ''also'' indebted to the insolvent debtor are able (and, in some jurisdictions, required) to set off the debts, so actually putting the unsecured creditor with a matured liability to the debtor in a pre-p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Direct Bank
A direct bank (sometimes called a branch-less bank or virtual bank) is a bank that offers its services only via the Internet, mobile app, email, and other electronic means, often including telephone, online chat, and mobile check deposit. A direct bank has no branch network. It may offer access to an independent banking agent network and may also provide access via ATMs (often through interbank network alliances), and bank by mail. Direct banks eliminate the costs of maintaining a branch network while offering convenience to customers who prefer digital technology. Direct banks provide some but not all of the services offered by physical banks. Direct bank transactions are conducted entirely online. Direct banks are not the same as " online banking". Online banking is an Internet-based option offered by regular banks. In the United States, direct banks are defined as online/branchless institutions with federal banking charters, with either the Federal Reserve Board, the Offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
