Word: somes
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Dates: during 1920-1929
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Startling was the name, for it signified the merger of two of the famed four "D" banks. Dedi becomes the only billion dollar bank† outside of the U. S. and Great Britain, controlling, some say, over one-third of the deposits of the seven biggest banks in Germany.
Next day the mighty U. S. press was busy reminding the public that other famed statesmen-fiddlers are Nicholas Longworth and Charles Gates Dawes; some others even going so far as to mention Benito Mussolini.
To many a U. S. investor this was vital news because in 1927 Dillon, Read & Co. painted out that the Deutsche Bank is closely connected with most of the leading German industrial and commercial enterprises. Not only did Dillon, Read sell $25,000,000 Deutsche Bank notes to U. S...
Investors' enthusiasm for Dedi was not shared by German bank clerks. The great Deutsche Bank operates branch offices in 174 cities, has 14,000 employes on its payroll. There are some 50 branches of the Disconto Gesellschaft, a personnel of 7,000. With the announcement of the new merger...
† Resources roughly $1,200,000,000 New York's National City now has, with many mergers, some $2,386,000,000, and is one of the four U. S. billion dollar banks.