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Hungarian General Credit Bank
The Hungarian General Credit Bank ( hu, Magyar Általános Hitelbank, MÁH, german: Ungarische Allgemeine Kreditbank, also known as Creditbank) was a major bank in Hungary, from its establishment in 1867 by the Rothschild family until its nationalization in 1948. History Background The Rothschild family was involved early on in financing operations in Hungary, including by providing a sixth of the equity capital for the construction of the iconic Széchenyi Chain Bridge and refinancing its cost overruns in the 1840s. In 1857, the Rothschild-sponsored Creditanstalt bank opened a branch in Pest. Austro-Hungarian era The Hungarian General Credit Bank had its shares first traded on the Vienna Stock Exchange on , ahead of its formal registration by the Hungarian Commercial and Exchange Court of Pest on . In 1871, it took over the local branch of Creditanstalt. In 1873, it received a mandate from the recently created finance ministry for a range of transactions, which made it e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pénzügyminisztérium - 2015
The Ministry of Finance (Pénzügyminisztérium) is the central fiscal ministry of the Hungarian government under the Minister of Finance (Hungary), Minister of Finance. The building is located on :hu:József nádor tér, József nádor square. References Government ministries of Hungary Finance in Hungary, Ministry of Finance (Hungary) Finance ministries, Hungarian Ministry of Finance {{Hungary-poli-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque De L'Union Parisienne
The Banque de l'Union Parisienne (BUP) was a French investment bank, created in 1904 and merged into Crédit du Nord in 1973. History Société Française et Belge de Banque et d'Escompte From its inception, the Société Générale de Belgique (SGB) had a branch in Paris. This was later restructured as a banking subsidiary, called the (), of which the SGB held three-quarters of the capital. Banque Parisienne The was founded in 1874 and mainly engaged in discounting commercial paper. In the financial and economic crisis of the late 1880s, it ran into liquidity problems, which were resolved by an injection of cash from the Société Générale de Belgique. With this new partner, the Banque Parisienne moved into the business of launching and trading securities for French companies, mostly based in Paris, for companies in countries such as Portugal and China, and for governments. The business proved profitable, but the company lacked the capital needed for faster growth. Banq ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hungarian National Bank
The Hungarian National Bank ( hu, Magyar Nemzeti Bank (MNB)) is the central bank of Hungary and as such part of the European System of Central Banks (ESCB). The Hungarian National Bank was established in 1924 and succeeded the Royal Hungarian State Bank, which introduced the Hungarian forint on 1 August 1946. The Hungarian National Bank lays special emphasis on its international relations and on participation in the professional forums of international economic institutions and financial organisations (EU, IMF, OECD, BIS). Its principal aim is price stability, but it is also responsible for issuing the national currency, the Hungarian forint, forint, controlling the money Circulation (currency), in circulation, setting the Central Bank base rate, publishing official exchange rates, and managing the foreign-exchange reserves and gold to influence exchange rates. Operations The Governor of the Hungarian National Bank is appointed by the President of Hungary at the proposal of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austro-Hungarian Bank
The Austro-Hungarian Bank (german: Oesterreichisch-ungarische Bank, hu, Osztrák–Magyar Bank, cs, Rakousko-uherská banka, pl, Bank Austriacko-Węgierski, hr, Austro-Ugarska banka) was the central bank of the Habsburg Monarchy in the 19th and early 20th centuries. The institution was founded in 1816 as the privilegirte oesterreichische National-Bank (), and changed its name in 1878 as a delayed consequence of the Austro-Hungarian Compromise of 1867. It was liquidated in the financial turmoil folloiwng the collapse of the Habsburg Monarchy in late 1918, and was principally succeeded by the Oesterreichische Nationalbank in Vienna, the Hungarian National Bank in Budapest, and the National Bank of Czechoslovakia in Prague. Background The first note-issuing institution in the Habsburg Monarchy was the Municipal Bank of Vienna or , established in 1705. It started issuing banknotes in 1762, which were known as "Bancozettel". During the Napoleonic Wars, the imperial Austrian gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Béla Sulyok
Béla Sulyok (21 November 1904 – 1 March 1977) was a Hungarian economist. He served as Governor of the Hungarian National Bank during the Communist regime from 1 July 1960 to 31 October 1961. Sulyok became an official at the Hungarian General Savings Bank in 1923. He fought in the Second World War. He joined the Soviet Red Army in 1944 and participated in "liberation" of Hungary. He later entered politics and took part in the foundation of Szikra Press, which became the most powerful propaganda tool of the Communist rule. He served as deputy head of the Economics Department of the Hungarian Communist Party (MKP) for a short time beginning in April 1945. Sulyok was one of the main perpetrators of the nationalization of banks in 1948. He functioned as Secretary of State for Finance until 1951. After 1961 he was appointed Deputy Minister of Finance. He had retired in 1968. See also *National Bank of Hungary The Hungarian National Bank ( hu, Magyar Nemzeti Bank (MNB)) is the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tihamér Fabinyi
Tihamér Fabinyi (7 August 1890 – 11 June 1953) was a Hungarian politician who served as Minister of Finance between 1935 and 1938. He studied in Berlin, Leipzig, Cambridge, and in Budapest. He served as director of law of the Ganz Danubius Joint Stock Company, then he later worked as a lawyer. He was member of the House of Representatives between 1931 and 1936. In 1932, Gyula Gömbös appointed him Minister of Trade. He collaborated in the development of the Hungarian-Italian commercial contacts, Danube seafaring, tourism, and the resort area of Lake Balaton. After the "Programme of Győr", he was succeeded by Lajos Reményi-Schneller. Fabinyi was the head of the General Credit Bank of Hungary from 1938 until 1944. After the occupation of Hungary, he emigrated to Switzerland, then the United States. See also * Hungarian General Credit Bank The Hungarian General Credit Bank ( hu, Magyar Általános Hitelbank, MÁH, german: Ungarische Allgemeine Kreditbank, also known a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tibor Scitovszky
Tibor Scitovszky de Nagykér (21 June 1875 – 12 April 1959) was a Hungarian politician who served as Minister of Foreign Affairs between 1924 and 1925.Palm, C. G., & Reed, D., ''Guide to the Hoover Institution Archives'' ( Stanford: Hoover Institution Press, 1980)p. 211 He started his career in the Ministry of Trade after attending the university in Budapest and Paris. During the Treaty of Trianon he participated in the peace negotiations. He was the chairman of the ''Magyar Általános Hitelbank'' from 1944. When the communist regime nationalized the banks Scitovszky left the country and emigrated to the United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori .... References Further reading Magyar Életrajzi Lexikon 1875 births 1959 deaths People from Nógr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Potsdam Conference
The Potsdam Conference (german: Potsdamer Konferenz) was held at Potsdam in the Soviet occupation zone from July 17 to August 2, 1945, to allow the three leading Allies to plan the postwar peace, while avoiding the mistakes of the Paris Peace Conference of 1919. The participants were the Soviet Union, the United Kingdom, and the United States. They were represented respectively by General Secretary Joseph Stalin, Prime Ministers Winston Churchill and Clement Attlee, and President Harry S. Truman. They gathered to decide how to administer Germany, which had agreed to an unconditional surrender nine weeks earlier. The goals of the conference also included establishing the postwar order, solving issues on the peace treaty, and countering the effects of the war. The foreign ministers and aides played key roles: Vyacheslav Molotov, Anthony Eden and Ernest Bevin, and James F. Byrnes. From July 17 to July 25, nine meetings were held, when the Conference was interrupted for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soviet Occupation Zone Of Germany
The Soviet Occupation Zone ( or german: Ostzone, label=none, "East Zone"; , ''Sovetskaya okkupatsionnaya zona Germanii'', "Soviet Occupation Zone of Germany") was an area of Germany in Central Europe that was occupied by the Soviet Union as a communist area, established as a result of the Potsdam Agreement on 1 August 1945. On 7 October 1949 the German Democratic Republic (GDR), commonly referred to in English as East Germany, was established in the Soviet Occupation Zone. The SBZ was one of the four Allied occupation zones of Germany created at the end of World War II with the Allied victory. According to the Potsdam Agreement, the Soviet Military Administration in Germany (German initials: SMAD) was assigned responsibility for the middle portion of Germany. Eastern Germany beyond the Oder-Neisse line, equal in territory to the SBZ, was to be annexed by Poland and its population expelled, pending a final peace conference with Germany. By the time forces of the United Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dresdner Bank
Dresdner Bank AG was a German bank and was based in Frankfurt. It was one of Germany's largest banking corporations and was acquired by competitor Commerzbank in May 2009. History 19th century The Dresdner Bank was established on 12 November 1872 through the conversion of the private banks Michael Kaskel and Bernhard Gutmann. The Dresdner Bank founding consortium consisted of Allgemeine Deutsche Creditanstalt (Leipzig), Berliner Handels-Gesellschaft (Berlin), Deutsche Vereinsbank (Frankfurt am Main), Deutsche Effecten- und Wechselbank (Frankfurt am Main) and Anglo-Deutsche Bank (Hamburg) with an initial capital of 8 million Thalers (24 million Marks) and 30 employees in Wilsdruffer Strasse in Dresden. From 1872 until his retirement in 1920, (1840-1925) was chairman of the board. In the 1870s, the Dresdner Bank acquired smaller regional institutes and several banks. The new branch in Berlin quickly exceeded the office in Dresden; therefore, the registered office moved to Ber ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Banking Crisis Of 1931
The European banking crisis of 1931 was a major episode of financial instability that peaked with the collapse of several major banks in Austria and Germany, including Creditanstalt on , Landesbank der Rheinprovinz on , and Danat-Bank on . It triggered the exit of Germany from the gold standard on , followed by the UK on , and extensive losses in the U.S. financial system that contributed to the Great Depression. The crisis has been widely associated with the subsequent rise of the Nazi Party in Germany and its eventual takeover of government in early 1933, as well as the emergence of Austrofascism in Austria and other authoritarian developments in Central Europe. The causes of the crisis included a complex mix of financial, fiscal, macroeconomic, political and international imbalances that have nurtured a lively debate of historiography. Background Germany's banking sector shrunk dramatically from 1913 to 1924, but expanded rapidly again in the later 1920s, with fivefold gro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Varaždin
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