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The German banks are controlled by the “Bundesanstalt fur Finanzdienstleistungesaufsicht (BaFin) by which banking operations have to be approved explicitly.
The German banking system is organized as a Universal bank system. This means, that every bank offers almost every services and products common in the banking industry...
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This means, that every bank offers almost every services and products common in the banking industry. There is no separation in special service banks as in other countries like the US, where for example investment in securities is primarily restricted to Investment banks.
Even though the product variety of the banks is quite homogenous, the form of organization and the size of the banks are very different...
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