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45-826: The Dresdner Bank was established on 12 November 1872 through the conversion of Bankhaus Kaskel  [ de ] , a Dresden-based private bank founded in 1771, on the advice of banker Eugen Gutmann . The bank's founding consortium of investors consisted of Allgemeine Deutsche Credit-Anstalt  [ de ] (Leipzig), Berliner Handels-Gesellschaft (Berlin), Deutsche Vereinsbank  [ de ] ( Frankfurt ), Deutsche Effecten- und Wechselbank  [ de ] (Frankfurt) and Anglo-Deutsche Bank  [ de ] ( Hamburg ), with an initial capital of 8 million Thalers (24 million Marks) and 30 employees in Wilsdruffer Strasse in Dresden . Gutmann became chairman of

90-535: A Vienna-based bank established in 1870 which had come under majority control of Danatbank , then Dresdner Bank in 1931. The Prague-based Živnostenská Banka 's Austrian subsidiary was simultaneously subsumed in the merged entity, renamed Länderbank Wien AG . The new Länderbank had 33 branch offices in Vienna (36 after acquisition of the Austrian business of Società Italiana di Credito in 1939), in comparison to 24 for

135-468: A banking operating license in Saint Petersburg , where former KGB agent Vladimir Putin was in charge of foreign economic relations. Dresdner Bank appointed Matthias Warnig , a former Stasi agent and Vladimir Putin's former KGB contact, to negotiate with Putin. The office was opened in 1991. Warnig became chairman of the board of directors of Dresdner Bank ZAO, Dresdner Bank Russian subsidiary which

180-514: A bid. On August 31, 2008, Commerzbank announced that it would acquire Dresdner Bank for EUR 9.8 billion. Dresdner Bank was legally merged with Commerzbank on 11 May 2009 and ceased to be an independent entity. In 2009, Deutsche Bank announced it will integrate the Dresdner Agency Security Lending business into its trust and securities services (TSS) business in global transaction banking (GTB). Dresdner Bank attempted to get

225-602: A branch network in Austria-Hungary, starting with Prague in 1894 in cooperative relationship with the Böhmische Union Bank . By 1904 it had 15 branch locations in Vienna, 9 in the rest of the Empire, and 2 abroad ( Paris opened in 1890, and London in 1903). Much of its activity remained connected with the city of Vienna led since 1897 by Karl Lueger , of which it became the main financer in 1908. In 1910, it sponsored

270-591: A capital increase open to foreign investors. In 1991, after facing renewed financial difficulty, the Länderbank, by then Austria's fourth-largest financial institution, merged with Vienna's Zentralsparkasse und Kommerzialbank Wien (est. 1905, also known as Z-Bank) which at the time was both sounder and larger. In practice, that represented a takeover by the City of Vienna, led by Zentralsparkasse general manager René Alfons Haiden  [ de ] who subsequently chaired

315-510: A consequence of state intervention during the banking crisis of 1931 , the German Reich owned 66% and Deutsche Golddiskontbank owned 22% of Dresdner Bank shares; the total government stake in Dresdner Bank reached 97 percent, and (unlike at Deutsche Bank) resulted in significant interference in the bank's management. As part of the same restructuring, Dresdner Bank acquired full ownership of

360-713: A conservative Catholic project against the financial power of the Jewish Rothschild family which led Austria-Hungary's largest bank, the Creditanstalt . In 1881 it sponsored an affiliate in Hungary, the Bank of the Hungarian Lands ( German : Ungarische Länderbank , Hungarian : Magyar Országos Bank ; sometimes also referred to as Ungarische Landesbank ), which however collapsed in 1887. The Union Générale itself failed in

405-528: A spectacular financial scandal in 1882, and the fledgling Länderbank was taken over by Austrian interests. It soon expanded to become a significant institution, financing Austrian industrial projects and the early development of the newly established neighboring countries in the Balkans . Together with the Bank of Hungarian Lands, it was involved in the foundation of the Banque de Salonique in 1886-1888. It also developed

450-409: A total of 225 million Marks surpassed only by Deutsche Bank (489 million) and well ahead of Disconto-Gesellschaft (219 million) and Darmstädter Bank (109 million). At that time, Dresdner Bank was referred to as one of the four "D-Banks" (all of which had names starting with a D) that dominated German commercial banking, together with Darmstädter Bank, Deutsche Bank, and Disconto-Gesellschaft. During

495-519: A wholly owned subsidiary of the insurance corporation Allianz . In July 2006 Dresdner Kleinwort , dropped Wasserstein from their name and went through a re-organization of corporate bank, capital markets and investment bank. The arm made up of capital markets and investment banking. In 2008 it was reported that Allianz was looking to dispose of Dresdner Bank. British banking group Lloyds TSB were amongst those rumoured to be interested. However, by July that year Lloyds TSB had denied any interest in making

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540-535: The Austrian People's Party . In 1956, the state floated 40 percent of its share capital for purchase by Austrian nationals. That same year, the Länderbank had 21 branches in Vienna and 12 in other Austrian cities, namely Baden bei Wien , Bludenz , Bregenz , Graz , Innsbruck , Klosterneuburg , Linz , Salzburg , Sankt Pölten , Villach , Wels , Wiener Neustadt , as well as a subsidiary in Eisenstadt . In 1976,

585-676: The Bank of Athens during the Axis occupation of Greece , without however taking ownership out of consideration for Italian sensitivities. In September 1941, Dresdner Bank appropriated a block of shares owned by Union européenne industrielle et financière , an affiliate of the French Schneider-Creusot group, in the Hungarian General Credit Bank . Dresdner Bank helped to finance concentration camps, including Auschwitz . The bank

630-579: The First World War , the London branch was forced to close; however, the branch network itself expanded. By 1930, Dresdner Bank was Germany's third-largest joint-stock bank by total deposits with 2.3 billion Reichsmarks, behind Deutsche Bank und Disconto-Gesellschaft (4.8 billion) and Danat-Bank (2.4 billion), and ahead of Commerz- und Privatbank (1.5 billion), Reichs-Kredit-Gesellschaft (619 million), and Berliner Handels-Gesellschaft (412 million). As

675-675: The RAF . Ponto later died from his injuries. Dresdner Bank expanded its network with acquisition and opening new offices not only in Europe but also in the United States, Singapore, Canada, Australia, Japan, Hong Kong, and China. Dresdner Bank was the first to open its own office in former eastern Germany in Dresden on 2 January 1990. After the acquisition of Kleinwort Benson in 1995 to form its investment-banking arm Dresdner Kleinwort , Dresdner Bank took over

720-522: The article wizard to submit a draft for review, or request a new article . Search for " Bankhaus Kaskel " in existing articles. Look for pages within Misplaced Pages that link to this title . Other reasons this message may be displayed: If a page was recently created here, it may not be visible yet because of a delay in updating the database; wait a few minutes or try the purge function . Titles on Misplaced Pages are case sensitive except for

765-558: The American investment bank Wasserstein Perella Group Inc. , New York in 2000. This investment banking unit was then renamed Dresdner Kleinwort Wasserstein. In 1999, Dresdner Bank and Banque Nationale de Paris (BNP) proposed a merger but Allianz , a major shareholder of Dresdner Bank, opposed the merger. AXA , a major shareholder in BNP, is a rival of Allianz. In 2002 Dresdner Bank became

810-743: The Austrian business of Società Italiana di Credito in 1939), in comparison to 24 for the rival Creditanstalt-Bankverein that had come under control of Deutsche Bank. Later in 1938 following the Nazi annexation of the Sudetenland , Dresdner Bank, through Länderbank Wien , took over the former branches of the Böhmische Escompte-Bank in the South Moravian towns of Břeclav ( German : Lundenburg ), Mikulov ( German : Nikolsburg ) and Znojmo ( German : Znaim ). In subsequent years, most of

855-613: The Commercial & Industrial Bank ( Czech : Banka pro obchod a průmysl , German : Bank für Handel und Industrie , French : Banque du Commerce et de l’Industrie ), chaired by diplomat Jules Cambon . Its Galician affiliate was renamed Powszechny Bank Kredytowy ( German : Allgemeine Kreditbank ) in 1919, and moved its head office to Warsaw in 1926. In 1927, the Austrian branch changed its name from Zentraleuropäische Länderbank to Österreichische Länderbank . The French investors' support kept it strong enough to survive

900-690: The Dresdner Bank participated in the creation of Deutsch-Asiatische Bank in Shanghai , and in 1894 of Banca Commerciale Italiana in Milan . It also developed its own overseas-oriented network by opening branches in Hamburg (1892, when it absorbed the Anglo-Deutsche Bank), Bremen (1895), and London (1901). In 1905 Dresdner formed a close alliance with J. P. Morgan & Co. of New York, for joint action in international finance and issue operations, particularly

945-896: The Kommerzialbank in Kraków , Deutsche Handels- und Kreditbank in Bratislava , Banque Bulgare de Commerce in Sofia , and founded the Handelstrust West N. V. in Amsterdam . Following the invasion of Yugoslavia and proclamation of the Independent State of Croatia , Dresdner Bank took a 53 percent stake in Jugoslavenska Banka , renamed Kroatische Landesbank by court order of 3 June 1941. Also in 1941, Dresdner Bank took over management control of

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990-552: The Lands ' ), was a major Austrian bank, created in 1880. In 1922 its head office was moved to Paris under the name Banque des Pays de l'Europe Centrale ( BPEC , German : Zentral-Europäische Länderbank , lit.   ' Bank of the Central European Countries ' ), even though its activity remained overwhelmingly in the Austrian operations. After the 1938 Anschluss the latter came under control of Dresdner Bank by

1035-486: The Länderbank again opened an office in London, followed by New York in 1977. After the bank suffered from poor risk management in the late 1970s, future chancellor Franz Vranitzky led its recovery as chairman of its management board from 1981 to 1984, with the help of government subsidies. In 1985, it was the first Austrian bank to open an office in China . The state's ownership stake was reduced to 51 percent in 1988, through

1080-507: The Länderbank was recapitalized by a group of French investors led by the Banque de Paris et des Pays-Bas , in liaison with the Bank of England . On 22 January 1922, a vote of its General Meeting transferred the bank's head office and board of directors from Vienna to Paris , at 12 rue de Castiglione, and it was renamed the Banque des Pays de l'Europe Centrale . Its former branch in Prague became

1125-873: The Länderbank's resources were used to finance the Nazi war effort, while in March 1939, Dresdner Bank acquired control of Böhmische Escompte-Bank. During World War II , Dresdner Bank took over the Böhmische Escompte-Bank in Prague , the Societatea Bancară Română in Bucharest , the Handels- und Kreditbank in Riga , and the Kontinentale Bank in Brussels . It also maintained majority control of

1170-458: The absorption of American securities by German investors. Operations in the orient and South America were carried on jointly in cooperation with the A. Schaaffhausen'scher Bankverein , including the establishment in 1905 of Deutsche Orientbank which also involved the Nationalbank für Deutschland . By end-1908, Dresdner Bank was the second-largest German joint-stock bank by total deposits, with

1215-459: The bank's former chief executive ( German : Vorstandssprecher ) since 1942, was tried at Nuremberg and sentenced to seven years' imprisonment. The Deutsche Orientbank , Dresdner Bank's Turkish subsidiary, was liquidated in 1946. On 30 July 1977 in Oberursel ( Taunus ), Jürgen Ponto , the chairman of the board of directors of Dresdner Bank, was shot in his home during an attempted kidnapping by

1260-802: The capital, was the ninth-largest private-sector bank in Poland. It also retained controlling interests in the Prague-based Commercial & Industrial Bank as well as the Hungarian Discount and Exchange Bank in Budapest and Banca de Credit Român  [ ro ] ( German : Rumänische Kreditbank ) in Bucharest . Following the Nazi Anschluss in 1938, the Länderbank came under considerable financial and political pressure, and on 15 June 1938 agreed under duress to be acquired by Mercurbank ,

1305-637: The creation of the Galician People's Bank for Agriculture and Trade ( German : Galizische Volksbank für Landwirtschaft und Handel , Polish : Galicyjski Bank Ludowy dla rolnictwa i handlu ) in Lemberg, now Lviv . By 1912, its network had further expanded to 31 branches, more than the Creditanstalt (21) and second only to the Wiener Bankverein (49). By 1913, 31.4 percent of the Länderbank's capital

1350-670: The crisis of 1929-1932 without Austrian government help, unlike most domestic banks including the Allgemeine Bodencreditanstalt , Creditanstalt , Niederösterreichische Escompte-Gesellschaft , and Wiener Bankverein . Even so, it had to suspend all dividend payments from 1930 to 1935. By 1936, 85 percent of the BPEC's business was made in Austria. That same year, the Powszechny Bank Kredytowy , of which it held 58 percent of

1395-491: The first character; please check alternative capitalizations and consider adding a redirect here to the correct title. If the page has been deleted, check the deletion log , and see Why was the page I created deleted? Retrieved from " https://en.wikipedia.org/wiki/Bankhaus_Kaskel " Mercurbank The Länderbank , full original name k. k. privilegierte Österreichische Länderbank ( lit.   ' Imperial and Royal Privileged Austrian Bank of

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1440-467: The flats of three suspects in Frankfurt and nearby Hanau about a "tax evasion probe in which several current and former managers are suspected of evading 40 million euros ($ 47 million) in taxes via dividend stripping , also known as "cum-ex" transactions". The investigation also extends to trades in 2008 at Dresdner Bank, which was taken over by Commerzbank in 2009. Bankhaus Kaskel From Misplaced Pages,

1485-593: The former Danat-Bank, of Mercurbank in Vienna , and of Deutsche Orientbank in Istanbul . Its deputy director was Hjalmar Schacht , soon-to-be Minister of Economy under Nazism . Following Adolf Hitler 's assumption of power in 1933, the Dresdner Bank, which had been founded by a Jewish banker, Eugen Gutmann , fired all 600 Jewish employees, including board members as well as bank clerks, and cancelled or confiscated their pensions. In May of 1933, "Nazi brownshirts swarmed into

1530-907: The 💕 Look for Bankhaus Kaskel on one of Misplaced Pages's sister projects : [REDACTED] Wiktionary (dictionary) [REDACTED] Wikibooks (textbooks) [REDACTED] Wikiquote (quotations) [REDACTED] Wikisource (library) [REDACTED] Wikiversity (learning resources) [REDACTED] Commons (media) [REDACTED] Wikivoyage (travel guide) [REDACTED] Wikinews (news source) [REDACTED] Wikidata (linked database) [REDACTED] Wikispecies (species directory) Misplaced Pages does not have an article with this exact name. Please search for Bankhaus Kaskel in Misplaced Pages to check for alternative titles or spellings. You need to log in or create an account and be autoconfirmed to create new articles. Alternatively, you can use

1575-498: The lobby of the Dresdner headquarters and smashed the bronze bust of Eugen to the ground." The bank was declared "Judenrein' ("cleansed" of Jews) and became a tool of Hitler's Nazi regime. The "Aryanized" bank fully participated in the Nazi regime's aryanization of Jewish businesses and became known as the bank of choice for Heinrich Himmler 's SS . As with other banks that had been nationalized to various degrees in 1931, Dresdner Bank

1620-520: The merged entity, renamed Bank Austria , until 1995. Bank Austria was acquired by HypoVereinsbank in 2001, which in turn was purchased by UniCredit in 2005. The Länderbank had its first temporary offices in a commercial building at Löwelstrasse 18 (which later became the seat of the Social Democratic Party of Austria ). It erected its own head office  [ de ] in 1883–1884 on plans by famed Viennese architect Otto Wagner , on

1665-528: The name Länderbank Wien . It was nationalized in 1946, renamed Österreichische Länderbank AG in 1948, and eventually merged in 1991 with Vienna's Zentralsparkasse to form Bank Austria , which in turn has been a subsidiary of UniCredit since 2005. The Länderbank was founded on 11 November 1880 as a part-owned subsidiary of Paris-based Union Générale , first chaired by Galician aristocrat Ludwik Wodzicki  [ pl ] . Union Generale's promoter Paul Eugène Bontoux  [ fr ] intended it as

1710-482: The new entity's board and led it until his retirement in 1920. In the 1870s, the Dresdner Bank acquired smaller regional institutes and several banks. In 1881, it opened a branch in Berlin, whose activity quickly exceeded the nominal head office in Dresden. Therefore, the registered office moved to Berlin in 1884, while the place of jurisdiction remained in Dresden until 1950. In 1889, together with Deutsche Bank and others,

1755-428: The rival Creditanstalt-Bankverein. Later in 1938 following the Nazi annexation of the Sudetenland , it took over the former branches of the Böhmische Escompte-Bank in the South Moravian towns of Břeclav ( German : Lundenburg ), Mikulov ( German : Nikolsburg ) and Znojmo ( German : Znaim ). In subsequent years, most of the Länderbank's resources were used to finance the Nazi war effort. The Länderbank

1800-487: The site of a former armory . That work has been described as Vienna's first modern office building. The Länderbank remained there from 1884 until 1938, after which the building became a German military facility. Following the merger with Mercurbank, the Länderbank moved into the former head office of Niederösterreichische Escompte-Gesellschaft , am Hof 2, which in 1991 became the head office of Bank Austria . The Länderbank's Hungarian affiliate, Ungarische Landesbank ),

1845-502: Was closely involved in the occupation of Europe , "essentially acting as the bank of the SS in Poland". As a result of World War II 80% of the bank's buildings were destroyed, costing the bank 162 offices in 56 locations. Following the end of World War II in Europe , the chairman of the bank's supervisory board, Carl Goetz  [ de ] , was arrested by the American occupation forces and held in custody until late 1947. Karl Rasche ,

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1890-554: Was held by French and German shareholders, making it more internationalized than either the Creditanstalt (17.8 percent) or the Bankverein (18.3 percent). In 1914, the Länderbank's branches in Paris and London were confiscated immediately after the start of World War I , as were its operations in Serbia and Romania . In the financial turmoil that followed the end of World War I in Austria,

1935-439: Was located in the massive former German embassy on St. Isaac's Square and was a joint venture with Banque nationale de Paris (BNP) . The bank has had a lucrative business relationship with Gazprom and the state oil company Rosneft . The bank advised on the forced sale of Yukos assets. In 2017, Frankfurt prosecutors, together with federal crime police and tax officials, conducted searches of Commerzbank offices as well as

1980-529: Was nationalized by law of 28 July 1946, in part to pre-empt impending confiscation by the Russian occupying forces as former German property. In the postwar period, it was widely viewed as belonging to the sphere of influence of the Social Democratic Party of Austria under Austria's Proporz arrangement. It long remained Austria's second-largest bank behind the Creditanstalt-Bankverein , associated with

2025-511: Was reprivatised in stages in 1936-1937. After the Nazi Anschluss in 1938, Dresdner Bank on 15 June 1938 acquired ownership of Vienna-based Länderbank through its local subsidiary the Mercurbank, in a transaction forced under duress. The Prague-based Živnostenská Banka 's Austrian subsidiary was simultaneously subsumed in the merged entity, renamed Länderbank Wien AG . The new Länderbank had 33 branch offices in Vienna (36 after acquisition of

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