Banco Transatlántico
The ''Banco Transatlántico'', abbreviated in Spain during the second half of the 20th century as Bancotrans, was a bank originally established by Deutsche Bank in 1886 in Berlin as ''Deutsche Ueberseebank'' (, DUB). The DUB was restructured in 1893 as ''Deutsche Ueberseeische Bank'', and known in Spanish as ''Banco Alemán Transatlántico'' (, BAT). It became a significant financial institution throughout Latin America in the first half of the 20th century. In 1945, the DUB's head office relocated to Hamburg. It rebuilt its Latin American network after confiscation during World War II, and was eventually absorbed by Deutsche Bank in 1976. In Spain, the DUB's operations were expropriated in 1948 and renamed ''Banco Comercial Transatlántico'' (, BCT) in 1950. Deutsche Bank gradually rejoined BCT as a shareholder, with a 10 percent stake in 1957 growing to 25 percent in 1971 until regaining majority control of BCT in 1989 and renaming it Deutsche Bank España in 1994. Early hist ...
[...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]