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Connections

Bank Austria
(Finance and Banking)
Semperit
(Manufacturing)
UniCredit
(Finance and Banking)
Vienna Capital Partners
(Finance and Banking)
Wall Street Crash of 1929
(Finance and Banking)
Pierre Laval
(Politics)
 

See also

Creditanstalt

Knowledge Identifier: &Creditanstalt

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Creditanstalt

Austrian bank based in Vienna add

Category: Business (2)

Founded in 1855.

Countries: Austria (48%), United States (17%), Europe (13%)

Main connections: Bank Austria, Albert Salomon von Rothschild, Semperit

Linked to: Steyr-Daimler-Puch, Commercial bank, Deutsche Bank, Investment banking

 

Timeline


 

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Please help improve it by adding dated informations, images and videos about Creditanstalt.


1855

The Creditanstalt itself was founded in 1855 by Salomon Mayer's son Anselm von Rothschild as "K. k. priv add something


1872

Anselm's son Albert Salomon von Rothschild assumed the direction of the Credit-Anstalt in 1872, succeeded by Louis Nathaniel von Rothschild in 1911 add something


1912

In 1912 the new headquarters in Vienna's Innere Stadt central district opened in a lavishly decorated Neoclassical building, which is still preserved up to today add something


1920

In the late 1920s, a principal debtor, the Steyr-Werke AG faced financial difficulties, with bad loans leading to a drain on finances add something


1929

In October 1929 the Austrian Schober government compelled the allegedly well-financed Credit-Anstalt to assume liabilities, which together with the simultaneous Wall Street Crash entailed the imbalance of the largest Austrian credit institution add something


1931

Pierre Laval - In 1931, Austria underwent a banking crisis when its largest bank, the Creditanstalt, was revealed to be nearly bankrupt, threatening a worldwide financial crisis

 

Creditanstalt had to declare bankruptcy on May 11, 1931 add something


1934

However, the institute was "de facto" state-owned after Chancellor Engelbert Dollfuß in 1934 oredered the merger of the institute with the "Wiener Bankverein", thus changing its name to "Creditanstalt-Bankverein" add something


1938

Following the Austrian Anschluss to Nazi Germany in 1938, Creditanstalt-Bankverein was targeted for both financial and racial reasons add something


1939

Aggrieved and disseized, he emigrated to the US in 1939 after more than one year in custody add something


1946

After World War II, the bank was finally nationalised by Allied-occupied Austria in 1946 and became mainly a commercial bank and highly involved in Austria's economy, holding stakes in important Austrian companies such as Wienerberger, Steyr-Daimler-Puch, Lenzing AG and Semperit add something


1947

Karl Hartl - On 3 July 1947 he set up in Salzburg, with the support of the Creditanstalt, the film production company Neue Wiener Filmproduktionsgesellschaft


1960

Kronen Zeitung - At the beginning of the 1960s the journalist Fritz Molden wanted to buy the paper, but, according to Dichand, the Creditanstalt bank would not give him the necessary credit


1975

Bank Austria - In 1975 Creditanstalt became the first western-bank to opened an office in Budapest


1980

In thee 1980s, CA opened branches in London, New York and Hong Kong, the international orientation towards East-Central Europe was boosted by the fall of the Iron Curtain upon the Revolutions of 1989 add something


1981

In 1981 the former Social Democratic Minister of Finance Hannes Androsch assumed the office of a general manager, after he had left the Kreisky cabinet add something


1997

In 1997, the state-owned shares were sold to Bank Austria , resulting in a crisis in the ruling coalition between the Social Democratic Party and the conservative Austrian People's Party, since Creditanstalt had to be considered part of the conservative sphere of influence, whereas BA with its roots as Red Vienna's Central Savings Bank was considered standing politically left add something

 

Bank Austria - In 1997 activities of Creditanstalt and Bank Austria in the region were brought under the umbrella of a new holding company, Bank Austria Creditanstalt International


1998

Vienna Capital Partners - Vienna Capital Partners was founded in 1998 by its Senior Partner Heinrich Pecina, who was on the managing board of Creditanstalt Investment Bank from 1990 to 1997

 

Bank Austria - In February 1998, the state sold its last shares and the remaining shares on the market were exchanged with shares in Bank Austria, and Creditanstalt was delisted from the Vienna Stock Exchange


2005

In 2005 HVB was taken over by the Italian UniCredit holding company add something


2008

After 153 years, the bank name "Creditanstalt" was finally erased in 2008, but survived in the "CA Immo" subsidiary add something