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Landesbank Der Rheinprovinz
The Landesbank der Rheinprovinz or Rheinische Landesbank was a German provincial public bank or Landesbank, whose origins go back to the Rheinische Provinzial-Hülfskasse () established 1854 in the Rhine Province of Prussia. Following uncontrolled expansion in the 1920s, it collapsed in 1931, shortly after Austria's Creditanstalt and before Danatbank, thus contributing materially to the European banking crisis of 1931. The Landesbank der Rheinprovinz was a direct predecessor entity of Westdeutsche Landesbank (WestLB), which had its head office in Düsseldorf on the same grounds where the Rheinische Landesbank had been established. WestLB in turn collapsed in 2007–2008 after uncontrolled balance sheet expansion, in an echo of the previous episode of 1931. ''Rheinische Provinzial-Hülfskasse'' The Rheinische Provinzial-Hülfskasse was established in Cologne on with capital of 400,000 thalers, on a statutory basis of . Its mandate was not about making profits but "supporting i ...
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Landesbank Der Rheinprovinz 1930
In German-speaking jurisdictions, ''Landesbank'' (plural ), , generally refers to a bank operating within a territorial subdivision () that has autonomy but not full sovereignty. It is occasionally translated as "provincial bank". Austria-Hungary In the Austro-Hungarian Empire under the rule of the Habsburg monarchy, were government-sponsored banks established in some of the kingdoms and lands of the crown: * '' Landesbank des Königreichs Galizien und Lodomerien mit dem Grossherzogtum Krakau'', est. 1883 in Lemberg (now Lviv) for the Kingdom of Galicia and Lodomeria and the Grand Duchy of Kraków * '' Landesbank des Königreiches Böhmen'', est. 1890 in Prague for the Kingdom of Bohemia * ''Landesbank für Bosnien und Herzegowina'', est. 1895 in Sarajevo for Bosnia and Herzegovina under Austro-Hungarian rule * ''Bukowinaer Landesbank'', est. 1905 in Czernowitz (now Chernivtsi) for the Duchy of Bukovina * ''Kroatische Landesbank'', est. 1909 in Osijek for the Kingdom of Cr ...
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Landesbank
In German-speaking jurisdictions, ''Landesbank'' (plural ), , generally refers to a bank operating within a territorial subdivision () that has autonomy but not full sovereignty. It is occasionally translated as "provincial bank". Austria-Hungary In the Austro-Hungarian Empire under the rule of the Habsburg monarchy, were government-sponsored banks established in some of the kingdoms and lands of the crown: * '' Landesbank des Königreichs Galizien und Lodomerien mit dem Grossherzogtum Krakau'', est. 1883 in Lemberg (now Lviv) for the Kingdom of Galicia and Lodomeria and the Grand Duchy of Kraków * '' Landesbank des Königreiches Böhmen'', est. 1890 in Prague for the Kingdom of Bohemia * '' Landesbank für Bosnien und Herzegowina'', est. 1895 in Sarajevo for Bosnia and Herzegovina under Austro-Hungarian rule * ''Bukowinaer Landesbank'', est. 1905 in Czernowitz (now Chernivtsi) for the Duchy of Bukovina * ''Kroatische Landesbank'', est. 1909 in Osijek for the Kingdom of Croati ...
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Rhine Province
The Rhine Province (german: Rheinprovinz), also known as Rhenish Prussia () or synonymous with the Rhineland (), was the westernmost province of the Kingdom of Prussia and the Free State of Prussia, within the German Reich, from 1822 to 1946. It was created from the provinces of the Lower Rhine and Jülich-Cleves-Berg. Its capital was Koblenz and in 1939 it had 8 million inhabitants. The Province of Hohenzollern was militarily associated with the Oberpräsident of the Rhine Province. The Rhine Province was bounded on the north by the Netherlands, on the east by the Prussian provinces of Westphalia and Hesse-Nassau, and the grand duchy of Hesse-Darmstadt, on the southeast by the Palatinate (a district of the Kingdom of Bavaria), on the south and southwest by Lorraine, and on the west by Luxembourg, Belgium and the Netherlands. The small exclave district of Wetzlar, wedged between the grand duchy states Hesse-Nassau and Hesse-Darmstadt was also part of the Rhine Province. The pr ...
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Prussia
Prussia, , Old Prussian: ''Prūsa'' or ''Prūsija'' was a German state on the southeast coast of the Baltic Sea. It formed the German Empire under Prussian rule when it united the German states in 1871. It was ''de facto'' dissolved by an emergency decree transferring powers of the Prussian government to German Chancellor Franz von Papen in 1932 and ''de jure'' by an Allied decree in 1947. For centuries, the House of Hohenzollern ruled Prussia, expanding its size with the Prussian Army. Prussia, with its capital at Königsberg and then, when it became the Kingdom of Prussia in 1701, Berlin, decisively shaped the history of Germany. In 1871, Prussian Minister-President Otto von Bismarck united most German principalities into the German Empire under his leadership, although this was considered to be a "Lesser Germany" because Austria and Switzerland were not included. In November 1918, the monarchies were abolished and the nobility lost its political power during the Ger ...
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Creditanstalt
The Creditanstalt (sometimes Credit-Anstalt, abbreviated as CA), full original name k. k. priv. Österreichische Credit-Anstalt für Handel und Gewerbe (), was a major Austrian bank, founded in 1855 in Vienna. From its founding until 1931, the Creditanstalt was led by members of the Rothschild family, who were among its significant shareholders. Its historically consequential failure in 1931 led to a merger engineered by the Austrian government in 1934, in which it combined with the Wiener Bankverein and the sound parts of the Niederösterreichische Escompte-Gesellschaft to form Österreichische Creditanstalt - Wiener Bankverein, later abbreviated to Creditanstalt-Bankverein. The latter came under the control of Deutsche Bank following the Anschluss in 1938, was nationalized in 1945, and was eventually acquired in 1997 by Bank Austria to form Bank Austria-Creditanstalt, since 2005 a subsidiary of UniCredit. UniCredit phased out the Creditanstalt brand in 2008. Foundation and d ...
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Danatbank
The Darmstädter und Nationalbank (short form Danat-Bank) was a German bank. History The Darmstädter und Nationalbank was formed in 1922 from the merger of the Bank für Handel und Industrie (Darmstadt) and the Nationalbank für Deutschland. The ''Darmstädter Bank für Handel und Industrie'' (often called ''Darmstädter Bank'') was founded as the ''Bank für Handel und Industrie'' by Gustav von Mevissen and Abraham Oppenheim with a capital of 25 million guilders and modelled after the French bank Crédit Mobilier. It received a banking concession on 2 April 1853.Brockhaus' Kleines Konversations-Lexikon, fünfte Auflage, Band 1. Leipzig 1911., S. 149.
downloaded on 1 April 2009 It was thus the second universal bank in Germany founded as a c ...
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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 ...
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Düsseldorf
Düsseldorf ( , , ; often in English sources; Low Franconian and Ripuarian: ''Düsseldörp'' ; archaic nl, Dusseldorp ) is the capital city of North Rhine-Westphalia, the most populous state of Germany. It is the second-largest city in the state and the seventh-largest city in Germany, with a population of 617,280. Düsseldorf is located at the confluence of two rivers: the Rhine and the Düssel, a small tributary. The ''-dorf'' suffix means "village" in German (English cognate: ''thorp''); its use is unusual for a settlement as large as Düsseldorf. Most of the city lies on the right bank of the Rhine. Düsseldorf lies in the centre of both the Rhine-Ruhr and the Rhineland Metropolitan Region. It neighbours the Cologne Bonn Region to the south and the Ruhr to the north. It is the largest city in the German Low Franconian dialect area (closely related to Dutch). Mercer's 2012 Quality of Living survey ranked Düsseldorf the sixth most livable city in the world. Düsse ...
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Cologne
Cologne ( ; german: Köln ; ksh, Kölle ) is the largest city of the German western States of Germany, state of North Rhine-Westphalia (NRW) and the List of cities in Germany by population, fourth-most populous city of Germany with 1.1 million inhabitants in the city proper and 3.6 million people in the Cologne Bonn Region, urban region. Centered on the left bank of the Rhine, left (west) bank of the Rhine, Cologne is about southeast of NRW's state capital Düsseldorf and northwest of Bonn, the former capital of West Germany. The city's medieval Catholic Cologne Cathedral (), the third-tallest church and tallest cathedral in the world, constructed to house the Shrine of the Three Kings, is a globally recognized landmark and one of the most visited sights and pilgrimage destinations in Europe. The cityscape is further shaped by the Twelve Romanesque churches of Cologne, and Cologne is famous for Eau de Cologne, that has been produced in the city since 1709, and "col ...
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Landesbank Rheinprovinz Theaterstraße
In German-speaking jurisdictions, ''Landesbank'' (plural ), , generally refers to a bank operating within a territorial subdivision () that has autonomy but not full sovereignty. It is occasionally translated as "provincial bank". Austria-Hungary In the Austro-Hungarian Empire under the rule of the Habsburg monarchy, were government-sponsored banks established in some of the kingdoms and lands of the crown: * '' Landesbank des Königreichs Galizien und Lodomerien mit dem Grossherzogtum Krakau'', est. 1883 in Lemberg (now Lviv) for the Kingdom of Galicia and Lodomeria and the Grand Duchy of Kraków * '' Landesbank des Königreiches Böhmen'', est. 1890 in Prague for the Kingdom of Bohemia * ''Landesbank für Bosnien und Herzegowina'', est. 1895 in Sarajevo for Bosnia and Herzegovina under Austro-Hungarian rule * ''Bukowinaer Landesbank'', est. 1905 in Czernowitz (now Chernivtsi) for the Duchy of Bukovina * ''Kroatische Landesbank'', est. 1909 in Osijek for the Kingdom of Cr ...
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