4,428
edits
Aestrum Group: Difference between revisions
m
→Consumer & Retail Banking
mNo edit summary |
|||
| (3 intermediate revisions by the same user not shown) | |||
| Line 15: | Line 15: | ||
| industry = {{wpl|Banking|Financial services}} | | industry = {{wpl|Banking|Financial services}} | ||
| predecessors = {{ubl|Argentaria Aestrum (1709-1892)|Aestrum Bank (1892-1985)|Aestrum Financial (1985-1989)}} | | predecessors = {{ubl|Argentaria Aestrum (1709-1892)|Aestrum Bank (1892-1985)|Aestrum Financial (1985-1989)}} | ||
| founded = | | founded = 2006; 27 years ago | ||
| hq_location_city = [[Venceia]] | | hq_location_city = [[Venceia]] | ||
| hq_location_country = [[Caphiria]] | | hq_location_country = [[Caphiria]] | ||
| Line 46: | Line 44: | ||
'''Aestrum Group, Inc.''' is a [[Caphirian]] multinational investment bank and financial services holding company headquartered in [[Venceia]]. Aestrum is the largest bank in Caphiria - servicing approximately 10.73% of all Caphirian bank deposits, and the second-largest bank in the world by total assets, with total assets of $843 billion. It is also the world's most valuable bank by market capitalization. | '''Aestrum Group, Inc.''' is a [[Caphirian]] multinational investment bank and financial services holding company headquartered in [[Venceia]]. Aestrum is the largest bank in Caphiria - servicing approximately 10.73% of all Caphirian bank deposits, and the second-largest bank in the world by total assets, with total assets of $843 billion. It is also the world's most valuable bank by market capitalization. | ||
The roots of the company can be traced to 1709 when ''Argentaria Aestrum'' was founded and obtained its first bank charter. The bank was closely associated with and has financed the oil and defense industries, having longstanding connections to [[Great Wars|Great War]]-era companies. The modern era of | The roots of the company can be traced to 1709 when ''Argentaria Aestrum'' was founded and obtained its first bank charter. The bank was closely associated with and has financed the oil and defense industries, having longstanding connections to [[Great Wars|Great War]]-era companies. The modern era of the company comes after the double-acquisition of Decani Bank and Feiro Financial in 1985. Under the name '''Aestrum Financial''', the company subsequently filed for an IPO and went public on its 280th anniversary, 1 September [[1989]]. Following a period of rapid growth and expansion, Aestrum Financial merged all of its operating subsidiaries together and underwent a large-scale restructuring in 2002 and rebranded to simply Aestrum, Inc. The current iteration of the company was formed in 2006 after Aestrum was investigated by the [[Ministry of Justice (Caphiria)|Ministry of Justice]] and was forced to pay $25 billion to settle investigations into its business practices pertaining to mortgage-backed securities. In order to recover from the financial blow, Aestrum raised $57.2 billion in a stock and asset sale, which funded the acquisition of several fintech companies. In 2009, the company subtly rebranded to Aestrum Group, Inc. | ||
Aestrum Group is organized into four operating divisions, each with its own bank charter: Consumer & Retail Banking (Aestrum Bank) which is used for consumer credit card services and retail banking activities, and commercial banking; Private & Commercial Banking (Aperio Banking) which is its private banking and private wealth management firm; Corporate & Investment Banking (CIB Aestrum) which is the investment banking, asset management, treasury services, and corporate finance firm; and Asset & Wealth Management (Carbo AWM) which is its private equity and alternative asset management firm, which offers brokerage services, variable and fixed annuities, educational account services, financial planning, asset management, and trust services. Its investment banking operations often command substantial deal flow and maintain different "sell side" and "buy side" departments. | Aestrum Group is organized into four operating divisions, each with its own bank charter: Consumer & Retail Banking ([[Aestrum Bank]]) which is used for consumer credit card services and retail banking activities, and commercial banking; Private & Commercial Banking ([[Aperio Banking]]) which is its private banking and private wealth management firm; Corporate & Investment Banking (CIB Aestrum) which is the investment banking, asset management, treasury services, and corporate finance firm; and Asset & Wealth Management (Carbo AWM) which is its private equity and alternative asset management firm, which offers brokerage services, variable and fixed annuities, educational account services, financial planning, asset management, and trust services. Its investment banking operations often command substantial deal flow and maintain different "sell side" and "buy side" departments. | ||
As of 2037, the asset management arm of the bank has $91 billion in assets under management, while its investment and corporate bank arm holds $1.327 trillion in assets under custody. At $64.2 billion in assets under management, the hedge fund unit of the Aestrum Group is one of the largest hedge funds in the world. | As of 2037, the asset management arm of the bank has $91 billion in assets under management, while its investment and corporate bank arm holds $1.327 trillion in assets under custody. At $64.2 billion in assets under management, the hedge fund unit of the Aestrum Group is one of the largest hedge funds in the world. | ||
==Operations== | ==Operations== | ||
Aestrum Group is organized into four operating divisions, each with its own bank charter: | Aestrum Group is organized into four operating divisions, each with its own bank charter: | ||
| Line 59: | Line 56: | ||
*Asset & Wealth Management (Carbo AWM): Its private equity and alternative asset management firm, which offers brokerage services, variable and fixed annuities, educational account services, financial planning, asset management, and trust services. | *Asset & Wealth Management (Carbo AWM): Its private equity and alternative asset management firm, which offers brokerage services, variable and fixed annuities, educational account services, financial planning, asset management, and trust services. | ||
=== Consumer & Retail Banking=== | === Consumer & Retail Banking=== | ||
Aestrum Bank is the largest operating division of Aestrum Group, and provides consumer and retail banking services, as well as commercial banking services to individuals and businesses across Caphiria and Sarpedon. The bank is also involved in investment and asset management through its other operating divisions.Aestrum Bank has a long history of innovation in banking services. In the 19th century, the bank introduced the concept of checking accounts, which became widely adopted across the industry. In the 20th century, the bank continued to lead the industry with the introduction of ATMs and online banking services. Aestrum Bank has also made significant investments in technology, such as artificial intelligence and blockchain, to improve the customer experience and provide enhanced security and fraud prevention measures. | [[Aestrum Bank]] is the largest operating division of Aestrum Group, and provides consumer and retail banking services, as well as commercial banking services to individuals and businesses across Caphiria and Sarpedon. The bank is also involved in investment and asset management through its other operating divisions. Aestrum Bank has a long history of innovation in banking services. In the 19th century, the bank introduced the concept of checking accounts, which became widely adopted across the industry. In the 20th century, the bank continued to lead the industry with the introduction of ATMs and online banking services. Aestrum Bank has also made significant investments in technology, such as artificial intelligence and blockchain, to improve the customer experience and provide enhanced security and fraud prevention measures. | ||
Originally formed in 1709 as Argentaria Aestrum, the bank was established as a wholesale bank dealing with other financial institutions and corporate clients. Over time, the bank expanded its operations to include retail banking services and commercial banking, becoming the largest bank in Caphiria by servicing approximately 10.73% of all Caphirian bank deposits. Today, Aestrum Bank offers a wide range of services, including checking and savings accounts, personal and business loans, credit cards, mortgages, wealth management, and investment services. The bank is also known for its innovative mobile and online banking platforms, which provide customers with easy access to their accounts and a variety of financial tools. | Originally formed in 1709 as Argentaria Aestrum, the bank was established as a wholesale bank dealing with other financial institutions and corporate clients. Over time, the bank expanded its operations to include retail banking services and commercial banking, becoming the largest bank in Caphiria by servicing approximately 10.73% of all Caphirian bank deposits. Today, Aestrum Bank offers a wide range of services, including checking and savings accounts, personal and business loans, credit cards, mortgages, wealth management, and investment services. The bank is also known for its innovative mobile and online banking platforms, which provide customers with easy access to their accounts and a variety of financial tools. | ||