Danat-Bank: Difference between revisions
Better picture |
Pictures |
||
| Line 3: | Line 3: | ||
{{Infobox company |
{{Infobox company |
||
| name = |
| name = |
||
| logo = |
| logo = |
||
| logo_size = |
| logo_size = |
||
| logo_caption = |
| logo_caption = |
||
| image = File:Bundesarchiv Bild 183-2007-0307-500, Berlin, Schinkelplatz, Danat-Bank.jpg |
| image = File:Bundesarchiv Bild 183-2007-0307-500, Berlin, Schinkelplatz, Danat-Bank.jpg |
||
| image_caption = Head office at [[Schinkelplatz]] 1–4 in [[Berlin]] |
| image_caption = Head office at [[Schinkelplatz]] 1–4 in [[Berlin]] |
||
| Line 45: | Line 45: | ||
==Overview== |
==Overview== |
||
[[File:Darmstaedter und nationalbank.jpg|thumb|left|150px|Seal of Danat-Bank's branch in [[Leipzig]]]] |
|||
[[File:Bundesarchiv Bild 183-H28568, Berlin, Behrenstraße, Danat-Bank.jpg|thumb|Danat-Bank building at Behrenstrasse 5 in 1931]] |
[[File:Bundesarchiv Bild 183-H28568, Berlin, Behrenstraße, Danat-Bank.jpg|thumb|Danat-Bank building at Behrenstrasse 5 in 1931]] |
||
[[File:Bundesarchiv Bild 102-12023, Berlin, Bankenkrach, Andrang bei der Sparkasse.jpg|thumb|Rush of savers from the [[Sparkasse (Germany)|Sparkasse]] of Berlin at [[Mühlendamm (Berlin)|Mühlendamm]] after the collapse of the Danatbank on 13 July 1931]] |
[[File:Bundesarchiv Bild 102-12023, Berlin, Bankenkrach, Andrang bei der Sparkasse.jpg|thumb|Rush of savers from the [[Sparkasse (Germany)|Sparkasse]] of Berlin at [[Mühlendamm (Berlin)|Mühlendamm]] after the collapse of the Danatbank on 13 July 1931]] |
||
Revision as of 00:25, 25 December 2023
 | |
 Head office at Schinkelplatz 1–4 in Berlin | |
| Company type | Aktiengesellschaft |
|---|---|
| Industry | Banking |
| Predecessor | Bank für Handel und Industrie  |
| Founded | 1922 |
| Defunct | 1931 |
| Successor | Dresdner Bank |
| Headquarters | |
The Darmstädter und Nationalbank, in shorthand Danat-Bank or Danatbank, was a large German joint-stock bank. It was formed in 1922 from the merger of the Bank für Handel und Industrie (Darmstadt), known as Darmstädter Bank, and the Nationalbank für Deutschland. Its failure in July 1931 was a significant episode of the European banking crisis of 1931.[1][2][3]
Overview
In 1920/1921, the Darmstädter Bank für Handel und Industrie and the Nationalbank für Deutschland formed the bank union Darmstädter-Nationalbank Berlin. Both banks assumed a joint guarantee of capital and reserves of over 1 billion marks. The merger was fully completed in 1922, resulting in one of the largest commercial banks in Germany. By 1931 Danatbank had become the second largest bank in Germany, when it suffered a run which started around 17 June due to rumours of the insolvency of the Norddeutsche Wollkämmerei & Kammgarnspinnerei (North German Wool and Worsted Yarn Spinning Works), finally going bankrupt on 13 July 1931. It was thus one of the most prominent victims of deflation in Germany during the Great Depression.
The collapse of Danatbank triggered a loss of confidence in the German banking system, and let loose a wave of withdrawals from all other banks beginning the German Banking Crisis. In reaction, the government announced a Bank Holiday starting on 13 July, imposed further capital controls and forced the merger of Danatbank with Dresdner Bank. [citation needed]
Well known figures
Well-known bankers of the Danatbank and its predecessors are (in alphabetical order):
- Siegmund Bodenheimer, Manager of Darmstädter Bank 1910–1922, shareholder 1922–1931
- Bernhard Dernburg, Manager of Darmstädter Bank 1901–1906
- Jakob Goldschmidt, Shareholder 1922–1931
- Johannes Kaempf, Branch director of the Bank für Handel und Industrie in Berlin and Reichstags-President
- Hjalmar Schacht, Shareholder 1922–1923
- Georg von Simson, Shareholder bis 1929
- Richard Witting, Director (1902–1910) and board member (1911–1922) of the Nationalbank, board member of Danatbank
References
- ^ Born, Karl Erich (1967). Die deutsche Bankenkrise 1931: Finanzen und Politik (in German). München: Piper.
- ^ Pohl, Manfred (1982). Konzentration im deutschen Bankwesen (1848–1980) (in German). Frankfurt am Main: Knapp. ISBN 978-3-7819-0269-5.
- ^ Isabel Schnabel (2004), "The German Twin Crisis of 1931", Journal of Economic History, 64:3 (3), Cambridge University Press, on behalf of the Economic History Association: 822–871, JSTOR 3874821
External links
- Documents about Danatbank in the German National Library
- Documents and clippings about Danat-Bank in the 20th Century Press Archives of the ZBW
49°52′26″N 8°38′31″E / 49.8739°N 8.6419°E
| International | |
|---|---|
| National | |