|
Société Des Dépôts Et Comptes Courants
The Société des Dépôts et Comptes Courants (, SDCC) was a French bank, created in 1863 and liquidated in 1891. Its business was subsequently taken over by the recently restructured Comptoir d'Escompte de Paris. Overview In 1862–1863, Armand Donon fostered the creation of the Société des Dépôts et Comptes Courants and became the new institution's chairman. The SDCC was formally established by executive order () on . The bank was initially established at 3, rue Ménars in Paris, then on the Place Vendôme, and eventually in 1896 in a new building at 2, place de l'Opéra, at the time one of the most prestigious addresses in Paris. From the late 1870s, Donon engaged in increasingly reckless risk-taking at the SDCC and withheld the relevant information from the bank's board. The situation became untenable and developed into a bank run on , which the Bank of France addressed by providing emergency liquidity and eventually winding up the bank on . The SDCC was subsequently ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comptoir D'Escompte De Paris
The Comptoir national d'escompte de Paris (; CNEP), from 1854 to 1889 Comptoir d'escompte de Paris (CEP), was a major French bank active from 1848 to 1966. The CEP was created by decree on 10 March 1848 by the French Provisional Government, in response to the disruption caused to the prior French credit system by the February revolution. It grew in France and overseas, collapsed in 1889, and was soon reformed as CNEP. It was nationalized in 1945 together with other major French depository banks. In 1966 it merged with Banque nationale pour le commerce et l'industrie to form Banque Nationale de Paris. Background The revolution of February 1848 caused a general failure of confidence in paper assets such as shares, bonds and bank deposits, and a rush to convert these assets to gold and silver. The Provisional Government was forced into emergency measures such as suspending payment on maturing treasury bonds, closing the stock market, forcing acceptance of banknotes and restricti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Armand Donon
Pierre Armand Donon (, Pontoise - , Neuilly-sur-Seine) was a French banker. During his heyday around 1860 he was known as the banking partner of Charles, duc de Morny, a key figure of the Second French Empire, with whom he partnered for the early development of Deauville. Biography Pierre-Armand Donon was the son of merchant Pierre-Amédée Donon (1792-1880) and his wife Marie-Caroline-Armande, née Morand. He studied in Paris at the Collège Sainte-Barbe. By 1845, Donon was a partner at Calon jeune & Cie, a private banking house. On , immediately after the 1851 coup d'état, he co-founded the new bank Donon, Aubry, Gautier & Cie together with partners and Jules Gautier. On , Donon married Henriette-Félicité Staub, the daughter of a prominent Parisian taylor. They had a son, Jacques-Pierre (1854-1913), and two daughters, Thérèse-Jeanne-Marie (1857-1897) and Jeanne-Mathilde-Elisabeth (1860-1919). Donon served as consul-general of the Ottoman Empire from 1853 to 1880, wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
