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Statue of David Hansemann (1790-1864), founder of the Disconto-Gesellschaft, in Aachen Limited partnership share of the Disconto-Gesellschaft, issued 28. March 1922. The Direktion der Disconto-Gesellschaft was established on 6 June 1851 at the initiative of David Hansemann, who had resigned two months later from his position as head of the Bank of Prussia.
Schaaffhausen's bank union ', sometimes simply referred to as Schaaffhausen) was a bank in Cologne, initially founded in 1791. In 1848 it was reorganized as a joint stock company; purchased in 1914 by the Berlin-based Disconto-Gesellschaft, and its brand finally disappeared in 1929 as the latter was in turn merged with Deutsche Bank.
From 1929 to 1937, following its merger with Disconto-Gesellschaft, it was known as Deutsche Bank und Disconto-Gesellschaft or DeDi-Bank. [3]: 580 Other transformative acquisitions have included those of Mendelssohn & Co. in 1938, Morgan Grenfell in 1990, Bankers Trust in 1998, [4] and Deutsche Postbank in 2010.
During the ensuing series of bank runs as investors rushed to withdraw their savings, the well capitalised fusion of the Deutsche Bank and the Disconto-Gesellschaft (rebranded only in 1937 as the "Deutsche Bank") survived the turmoil without ever needing to approach the government for financial support.
He joined the Disconto-Gesellschaft as a trainee on 15 July 1884 and built much of his career and reputation within this bank in Southeast Asia during the final part of the nineteenth century. Between 1902 and 1929, when the bank merged with the larger Deutsche Bank, he was a partner in the Disconto-Gesellschaft.
The Norddeutsche Bank was a German bank that existed from 1856 to 1929. It was established by Berenberg Bank, H.J. Merck & Co. and the bank house of Salomon Heine and private founders such as Robert Kayser as the first joint-stock bank in northern Germany, becoming the largest bank in Hamburg. [1]
This double resistance, a principal reason for the defeat of the liberalism after the March revolution in Germany, finally led to Hansemann leaving politics. After leaving political life, Hansemann returned to commerce, and in 1851 he formed the Disconto-Gesellschaft, which merged with Deutsche Bank in 1929.
Solmssen worked from 1900 for German bank Disconto-Gesellschaft in Berlin. [2] He was a member of the supervisory board of German company Lufthansa AG and German company Vereinigte Stahlwerke. In 1933, Solmssen was for a short time the speaker of the management board for German bank Deutsche Bank, which took over Disconto-Gesellschaft in 1929.