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The Reichsbank was established by legislation of the Reichstag of 14 March 1875, and assumed its new role on 1 January 1876 when it succeeded the Bank of Prussia. Meanwhile, between 1873 and 1875 the Bank of Prussia assumed all the assets and liabilities of the Hamburger Bank, which was a major monetary anchor in Northern Germany.
The new investment bank immediately became a major player on Wall Street, gobbling up a quarter of the entire industry's business during its first year. Source: Michael Daddino via Flickr .
After completing his education, Morgan went to London in August 1857 to join his father, now a partner in the merchant banking firm George Peabody & Co. [a] [14] For the next fourteen years, he worked as his father's American representative in a series of affiliated New York City banking houses, learning the trade and lifestyle of a bank ...
The Jumo 222 was a German high-power multiple-bank in-line piston aircraft engine from Junkers, designed under the management of Ferdinand Brandner of the Junkers Motorenwerke. Such was the projected performance of the engine compared to contemporary designs that many developments of wartime Luftwaffe piston-engined aircraft designs were based ...
On this day in economic and business history ... Like many aspiring bankers of the mid-19th century, young John Pierpont Morgan got into the business of finance with the help of some old-fashioned ...
The Rothschild family (/ ˈ r ɒ θ (s) tʃ aɪ l d / ROTH(S)-chylde German: [ˈʁoːt.ʃɪlt]) is a wealthy Ashkenazi Jewish noble banking family originally from Frankfurt.The family's documented history starts in 16th-century Frankfurt; its name is derived from the family house, Rothschild, built by Isaak Elchanan Bacharach in Frankfurt in 1567.
The banks’ bank. The lender of last resort. The orchestrator of the U.S. economy. These words are often used to describe the central bank of the U.S., officially known as the Federal Reserve System.
During the First World War, Schacht was assigned to the staff of General Karl von Lumm (1864–1930), the Banking Commissioner for German-occupied Belgium, to organize the financing of Germany's purchases in Belgium. He was summarily dismissed by General von Lumm when it was discovered that he had used his previous employer, the Dresdner Bank ...