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Bank of Communications, Frankfurt; Bank Sepah, Frankfurt; Citibank Privatkunden, Düsseldorf (since December 2008 part of French Crédit Mutuel bank); Citigroup Global Markets Deutschland (Corporate Bank), Frankfurt
Düsseldorf. The Vereinigte Stahlwerke AG (VSt or Vestag, United Steelworks) was a German industrial conglomerate producing coal, iron, and steel in the interbellum and during World War II. During the 1930s, VSt was one of the biggest German companies and, at times, also the largest steel producer in Europe.
In December 1941, when the United States entered the war against Germany, 250 American firms owned more than $450 million of German assets. [13] Major American companies with investments in Germany included General Motors, IT&T, Eastman Kodak, Standard Oil, Singer, International Harvester, Gillette, Coca-Cola, Kraft, Westinghouse, and United Fruit.
In FY 2020, U.S. military-industry base sold $50.8 billion through FMS and $124.3 billion through Direct Commercial Sales. [7] [2] In 2023, the U.S. recorded the highest annual sales of U.S. military equipment to foreign governments, carried out under the FMS system, valued at $80.9 billion.
Mercedes-Benz Bank AG is a universal bank with seat in Stuttgart. Mercedes-Benz Group founded in 1979 the Mercedes Leasing GmbH and in 1987 the Mercedes-Benz Finanz GmbH. The universal bank was founded under the name DaimlerChrysler Bank in 2001 and obtained a banking license in 2002. The name was changed to Mercedes-Benz Bank in 2008.
The United States Foreign Military Financing ( FMF) program provides grants and loans to friendly foreign governments to fund the purchase of American weapons, defense equipment, services and training. The program was established through the 1976 Arms Export Control Act and is overseen by the Office of Security Assistance within the Bureau of ...
The Foreign Military Sales Act of 1968, Pub. L. 90–629, 82 Stat. 1320-2, enacted October 22, 1968, was supplemental legislation to the Arms Control and Disarmament Act of 1961 and the Foreign Assistance Act of 1961. The Act discloses the United States commitment and sustainment to a world free from the dangers of armaments and the scourge of war.
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