Word: kreditanstalt
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Dates: during 1931-1931
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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...
...however that may be, when the Baron tendered his resignation as president, it was refused. Of the three Kreditanstalt directors still holding their jobs two are recent Government appointees and only one is precrash, honest Dr. Alexander Spitzmüller-Harmersbach...