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Frankfurt is the largest financial centre in continental Europe. It is home to the European Central Bank, Deutsche Bundesbank, Frankfurt Stock Exchange and several large commercial banks. The Frankfurt Stock Exchange (FSE) is one of the world's largest stock exchanges by market capitalization and accounts for more than 90 percent of the turnover in the German market. In 2010, 63 national and 152 international banks had their registered offices in Frankfurt, including Germany's major banks – Deutsche Bank (headquarters), Commerzbank (including its subsidiary Dresdner Bank), DZ Bank AG and KfW Group . 70 Fortune Global 500 companies are located in Frankfurt with another 49 headquartered just outside of the city. This amounts to around 75 percent of all German companies within insurance or banking sectors as well as 43 percent of all banking employees worldwide working in Germany having their headquarters here..