Sal. Oppenheim jr. & Cie. SCA is one of the largest privately owned banks in Europe, currently headquartered in Luxembourg. It manages and administers €138 billion of assets and employs around 3,800 employees in more than 30 sites in Germany and Europe. In October 2009, Deutsche Bank announced plans to buy Oppenheim.
The bank was founded in 1789 in the city of Bonn by seventeen-year-old Salomon Oppenheim, Jr. as a commissions and exchange house. ...
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Sal. Oppenheim jr. & Cie. SCA is one of the largest privately owned banks in Europe, currently headquartered in Luxembourg. It manages and administers €138 billion of assets and employs around 3,800 employees in more than 30 sites in Germany and Europe. In October 2009, Deutsche Bank announced plans to buy Oppenheim.
The bank was founded in 1789 in the city of Bonn by seventeen-year-old Salomon Oppenheim, Jr. as a commissions and exchange house. Oppenheim dealt in commodities, exchanging of foreign currency, and extending credit.
In 1798, the business moved to Cologne, then the most important banking place in Germany. In 1828, Salomon Oppenheim, Jr., died, and his wife Therese took over the direction of the bank along with their two sons, Simon and Abraham. Through the marriage of Abraham Oppenheim to Charlotte Beyfus in 1834, the family became closely related to the prominent Rothschild banking family in matters both personal and business-related.
Beginning in the 1820s, Oppenheim...
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