Aestrum Group: Difference between revisions

The Aestrum Group was founded in 1709 as '''''Argentaria Aestrum''''' after obtaining a bank charter and was originally a wholesale bank, dealing with other prominent financial institutions and major corporate clients. The bank was also closely associated with and has financed the oil and defense industries, having longstanding connections to Great War-era companies. The modern era of Aestrum 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 after Aestrum was investigated by the [[Ministries of Caphiria#Ministry%20of%20Justice|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 17 fintech companies over an eleven month period - an acquisition record. The company underwent another large restructuring and subtly rebranded to Aestrum Group, Inc. in [[2009]].