Word: kreditanstalt
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...First thunderclap of the present crisis: collapse in Vienna of Kreditanstalt, colossal Rothschild bank, which is taken over by the Austrian Government, shaking confidence in related German banks...
...Vienna last week Chancellor Karl Buresch of Austria grimly fired from their jobs 25 of the 28 directors of Kreditanstalt. Cried Dr. Buresch...
...crisis, but when crisis is past Austria's Cabinet is apt to fall. Last week Chancellor Otto Ender & Cabinet were forced to resign after averting an Austrian panic with an agreement whereby the State guarantees the liabilities of Austria's key bank, her great and almost bankrupt Kreditanstalt (TIME, June 8). Although Dr. Ender had deserved well of Austria, his friends & enemies preferred not to associate themselves with the guarantee his Cabinet had given, hence they permitted it to fall...
Chancellor Ender, although he had resigned, felt chesty. To President Wilhelm Miklas he said with a certain arrogance that he, having saved the Kreditanstalt and averted panic, would "consent" to form another Cabinet with the under-standing that he would ask Parliament to grant him "extraordinary powers...
Vienna's sensation-of-the-week was news that her Wirtschaftpolizei ("business police") were hunting Banker Fritz Ehrenfest, a former director of Kreditan-stalt. When they find him they expect to prove that he lost $15.000,000 of Kreditanstalt's funds in Manhattan's punctured stockmarket...