World Library  
Flag as Inappropriate
Email this Article

Landesbank Baden-Württemberg

Article Id: WHEBN0004196747
Reproduction Date:

Title: Landesbank Baden-Württemberg  
Author: World Heritage Encyclopedia
Language: English
Subject: German public bank, List of banks in Germany, Landesbank, AppSense, Finsterwalde Solar Park
Collection: Companies Based in Stuttgart, Landesbanks
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Landesbank Baden-Württemberg

Landesbank Baden-Württemberg
Type Public
Industry Financial services
Founded 1 January 1999 (1 January 1999)
Headquarters Stuttgart, Germany
Key people Hans-Jörg Vetter
Products Investment banking, Commercial banking, Retail banking, Private banking, Asset management
Revenue $21 billion (2010)
Employees 13,369 (December 31, 2008)
Website .de.lbbwwww

Landesbank Baden-Württemberg (LBBW) is a parent company of three commercial banks and the Landesbank for some Federal States of Germany. Among LBBW's subsidiaries is LBBW Luxemburg S.A., which is engaged in litigation against the American bank Wells Fargo as of 2012.[1]

History

On 1 January 1999, Landesbank Baden-Württemberg (LBBW) was formed through the merger of SüdwestLB, Landesgirokasse, and the commercial banking business of L-Bank.

On 1 August 2005, Baden Württembergische Bank (BW-Bank) was incorporated into LBBW as a legally dependent institution under public law. Also as a legally dependent institution under public law, the former Landesbank Rheinland-Pfalz was integrated in the LBBW Group on 1 July 2008 under the new name Rheinland-Pfalz Bank and on 1 April 2008, the LBBW group concentrated its activities in Central Germany (Thuringia, Saxony-Anhalt and Saxony) under the umbrella of Sachsen Bank - former Sachsen LB.

LBBW is a full-service and commercial bank and central bank for savings banks in Baden-Württemberg, Rhineland-Palatinate and Saxony. The company focuses on industrial technologies, information technology, software, telecommunication, innovative services and life science. It prefers to invest in Southern Germany, but also considers investments within Germany, Austria and Switzerland.[2]

References

  1. ^ Mark Calvey (October 2, 2012), "German bank sues Wells Fargo alleging $1.5 billion securities fraud",  
  2. ^ "LBBW Venture Capital GmbH: Private Company Information - BusinessWeek". investing.businessweek.com. Retrieved 2 March 2011. 

External links

  • Landesbank Baden-Württemberg


This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 



Copyright © World Library Foundation. All rights reserved. eBooks from World eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.