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Banking Sector Germany

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Issue:

Miscellaneous

 

Written by:

Kenneth J

 

Date added:

February 17, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1115

 

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5470 times

 

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Essay content:

Some of them are still known today, such as Sal. Oppenheim jr. & Cie. The privat bankers were financed only by equity capital. However as the industrialization went on and the need for money and financing constantly grew, this solely equity was not sufficient anymore to finance the occurring capital intensive industries...
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In response of that the private bank Abraham Schaaffhausen was transformed into the first incorporated bank on August 28, 1984. Following this example more and more incorporated banks occurred, especially in the area of the Rheinland where the capital intensive industry was very active. Still today the most important banking centers are in this area...
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