stable retail banking businesses / individual products / residential real estate lending / retail financial products / property insurance / retail lending activities / real estate loans / bank bonds / guarantee systems / savings bank / leveraged finance / finance / investment banking / real estate / manufacturing category / dense branch network / financial services / savings banks / bank statistics / retail customers / real estate funds / retail banking / cooperative banks / public law / volatile wholesale banking activities / residential real estate loans / wholesale banking / retail businesses / savings bank focuses / non-domestic retail banking / low-margin product / overall / retirement products / specialised finance areas / bank failures / retail lending / retail operations / retail franchise / internet-based direct banks / capital markets products / retail deposit franchise / health insurance / payments processing / liquidity management / banking / decentralized / public-sector finance / specialised financial products / large commercial banks / /
MusicGroup
Sparkassen / /
Organization
German federal government’s Financial Markets Stabilisation Fund / Bundesbank / German federal government / Financial Markets Stabilisation Fund / German Savings Banks Association / federal government / /
Person
Steven Picarillo / / /
Position
important revenue driver for the group / driver / mutual funds manager / central asset manager / market leader / centralised asset manager / /
Rating Report Report Date: 27 April 2009 Previous Report: 10 April 2008