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Within that Bundesverband der Deutschen Volksbanken und Raiffeisenbanken, which is one of Germany's largest private sector financial service organizations and manages assets of around 1.175 trillion euros, [3] DZ Bank functions both as a central institution and as a corporate and investment bank. DZ Bank is an acronym for Deutsche Zentral ...
Hermann Schulze-Delitzsch (1808–1883) Friedrich Wilhelm Raiffeisen (1818–1888) Wilhelm Haas (1839–1913) In 1843, the first German cooperative bank was created by 50 inhabitants of Öhringen in the Kingdom of Württemberg, who named it the Öhringer Privatspar- und Leihkasse ("private savings and lending bank of Öhringen") – it still exists as the Volksbank Hohenlohe [].
From 1929 to 1937, following its merger with Disconto-Gesellschaft, it was known as Deutsche Bank und Disconto-Gesellschaft or DeDi-Bank. [3]: 580 Other transformative acquisitions have included those of Mendelssohn & Co. in 1938, Morgan Grenfell in 1990, Bankers Trust in 1998, [4] and Deutsche Postbank in 2010.
The Ersparungsclasse der Allgemeinen Versorgungsanstalt, established in Hamburg in 1778, is widely viewed as the first modern savings bank.Other accounts emphasize the significance of the savings bank of Göttingen, founded in 1801, [3]: 78 which was the first established with a municipal guarantor whereas earlier foundations had been initiated by merchants, clerics or academics (Hamburg later ...
The Reichsbank was established by legislation of the Reichstag of 14 March 1875, and assumed its new role on 1 January 1876 when it succeeded the Bank of Prussia. Meanwhile, between 1873 and 1875 the Bank of Prussia assumed all the assets and liabilities of the Hamburger Bank, which was a major monetary anchor in Northern Germany.
Statue of David Hansemann (1790-1864), founder of the Disconto-Gesellschaft, in Aachen Limited partnership share of the Disconto-Gesellschaft, issued 28. March 1922. The Direktion der Disconto-Gesellschaft was established on 6 June 1851 at the initiative of David Hansemann, who had resigned two months later from his position as head of the Bank of Prussia.
Postbank (German pronunciation: [ˈpɔstbaŋk]; full name: Postbank – eine Niederlassung der Deutsche Bank Aktiengesellschaft, lit. ' Postbank – a branch of the Deutsche Bank joint-stock company ' ) is a branch of Deutsche Bank for retail banking , which was formed from the demerger of the postal savings division of Deutsche Bundespost in 1990.
A typical British bank statement header (from a fictitious bank), showing the location of the account's IBAN. The International Bank Account Number (IBAN) is an internationally agreed upon system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors.