# Sparkassen-Umwandlung (conversion of savings banks)

- Canonical URL: https://www.gerhardmerk.de/sparkassen-umwandlung-conversion-of-savings-banks
- Post ID: 590585
- Modified: 2023-07-25T21:14:10+00:00
- Language: en

## Definition

The demand that all savings banks and Landesbanken in Germany be de-municipalized, privatized and merged into a single large bank, which would then dominate the financial market with an estimated share of just over fifty percent of sales. In Italy, this was largely accomplished; the resulting UniCredit took over Bayrische Hypo- und Vereinsbank in 2005. - See Gigabank, customer proximity, megamania, rush to exit, subsidiarity principle, verticalization. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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