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The Raiffeisen Banking Group (German: Raiffeisen Bankengruppe, RBG) is a group of cooperative banks in Austria. The Austrian Raiffeisen banks are not consolidated under a single parent entity but are financially linked through a common institutional protection scheme and deposit guarantee scheme .
The bank was one of the shareholders of Raiffeisen Bank International (for 3.7% of shares), the national central bank of Austrian Raiffeisenbank. [3] The bank also formed a joint venture AlpenBank with its Italian counterpart: Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige.
It is a part of the nationwide Raiffeisen Bankengruppe grouping of independent cooperative banks, and owns a 22.6% stake in Raiffeisen Bank International (RBI). It has around 957 employees [ 1 ] and serves around 266,000 private, business and corporate customers.
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Its major shareholders are the Raiffeisen Banking Group's eight regional banks (Raiffeisen-Landesbanken), which are bound by a shareholders' agreement and together hold a majority of RBI's equity. [2] RBI was established in 2010 as a subsidiary of Raiffeisen Zentralbank (RZB), and absorbed the latter in March 2017 through a reverse takeover.
Nu Holdings had its initial public offering (IPO) in December 2021, just after the stock market's bull run had ended and just before the Federal Reserve embarked on an aggressive rate-hiking cycle.
The successful prediction of a stock's future price could yield significant profit. The efficient market hypothesis suggests that stock prices reflect all currently available information and any price changes that are not based on newly revealed information thus are inherently unpredictable. Others disagree and those with this viewpoint possess ...
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