Word: kreditanstalt
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...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...
...These men - these directors - dealt Austria a greater blow than they can ever answer for! For months the condition of their bank has influenced every decision of the Government, by reason of the necessity of advancing and guaranteeing huge sums to save the Kreditanstalt from bankruptcy...
Reported the Vienna paper Stunde "on high authority": Chancellor Buresch expects to force President Louis Rothschild of Kreditanstalt* to make "enormous personal restitution...
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...