Word: pfandbriefbank
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...years. To obtain it, Kreuger & Toll paid the city about $195,000. will make small annual payments, will also buy a $1,000,000 6% bond issue at 93. The bank merger was done through the Kreuger & Toll-controlled Deutsche Union Bank of Berlin, consisted of joining the Preussiche Pfandbriefbank (Kreuger & Toll-controlled) and Central Boden Kredit A. G., into the Preussiche Central Boden Kredit und Pfandbriefbank. Both the merging banks are leading German mortgage institutions, have $238,000,000 mortgage bonds outstanding...
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