All Entries Tagged With: "banking business"

Germany’s Siemens is Establishing its Own Bank

Siemens AG (Siemens), Germany-based multinational company with a business portfolio of activities in the areas of electronics, communication, and electrical engineering, is planning to set up a bank under its own name to reduce dependence on bank financing considering difficulties faced during the financial mayhem. Siemens already submitted a request to obtain a banking license [...]