Knowledge (XXG)

Danat-Bank

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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
246:, however, Danat-Bank 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 219:. 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. 191: 503: 37: 183: 359: 440: 152:, 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 513: 508: 222:
By 1930, Danat-Bank had become Germany's second-largest joint-stock bank, with total deposits of 2.4 billion Reichsmarks ahead of
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Joint Stock Banking in Germany: A Study of the German Creditbanks Before and After the War
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Well-known bankers of the Danatbank and its predecessors are (in alphabetical order):
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Documents about Danatbank in the German National Library
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Die deutsche Bankenkrise 1931: Finanzen und Politik
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after the collapse of the Danatbank on 13 July 1931
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Index



Schinkelplatz
Berlin
Aktiengesellschaft
Banking
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Dresdner Bank
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Darmstadt
Darmstädter Bank
Nationalbank fĂĽr Deutschland
European banking crisis of 1931

Leipzig


Sparkasse
MĂĽhlendamm
Dresdner Bank
Commerz- und Privatbank
Reichs-Kredit-Gesellschaft
Berliner Handels-Gesellschaft
Deutsche Bank & Disconto-Gesellschaft
European banking crisis of 1931
deflation
Great Depression
Dresdner Bank
Siegmund Bodenheimer
Bernhard Dernburg

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