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The German Banking Act Kreditwesengesetz (KWG), literally meaning law of the banking system, is the primary legally implementation of the Basel Accords. It is binding for banks and other institutes providing financial services (German: de:Kreditinstitute und de:Finanzdienstleistungsinstitute ) in Germany and effective since January 1935, but ...
Banking in Germany is a highly leveraged industry, as its average leverage ratio (assets divided by net worth) as of 11 October 2008 is 52 to 1 (while, in comparison, that of France is 28 to 1 and that of the United Kingdom is 24 to 1); its short-term liabilities are equal to 60% of the German GDP or 167% of its national debt.
On 1 October 2008, the headquarter was moved to Berlin. As part of the restructuring, all branches were closed on 27 July 2012 and Norisbank converted into a direct bank. Since then, banking transactions have been conducted by customers primarily via the Internet, via telephone banking and via the self-service terminals in Deutsche Bank's
The Deutsche Bundesbank (pronounced [ˈdɔʏtʃə ˈbʊndəsˌbaŋk], lit. ' German Federal Bank ', colloquially Buba, [2] sometimes alternatively abbreviated as BBk or DBB) is the German member of the Eurosystem and has been the monetary authority for Germany from 1957 to 1998, issuing the Deutsche Mark (DM).
Former head office of Nationalbank für Deutschland on Berlin's Behrensstrasse. The Nationalbank für Deutschland (lit. ' National Bank for Germany ') was a significant joint-stock bank in Germany, founded in 1881 and merged in 1922 with Darmstädter Bank to form Darmstädter und Nationalbank, in shorthand Danat-Bank. [1]
IKB (Industriekreditbank) was granted its banking license in 1924 as "Bafio" (Bank für deutsche Industrieobligationen, Bank for German Industry Obligations). Bafio dealt in long-term real estate financing in an effort to aid the German economy grow under the weight of the World War I reparations the country owed.
De-banking, more commonly spelled debanking, also known within the banking industry as de-risking, is the closure of people's or organizations' bank accounts by banks that perceive the account holders to pose a financial, legal, regulatory, or reputational risk to the bank.
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 ...