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Encyclopedia > Creditanstalt

The Creditanstalt (CA) was an Austrian bank. The Creditanstalt was based in Vienna, founded 1855 as K. k. priv. Österreichische Credit-Anstalt für Handel und Gewerbe (approximately translated as: Imperial royal private Austrian Credit-Institute for Trade and Commerce) by the Rothschild family. Being very successful it became the largest bank of Austria-Hungary. It declared bankcruptcy on May 11, 1931, during the Great Depression but was rescued by the Oesterreichische Nationalbank and the Rothschilds and merged with the Wiener Bankverein, thus changing its name to Creditanstalt-Bankverein. Image File history File links Download high resolution version (809x277, 10 KB) Summary Description: Logo of the Austrian bank Creditanstalt Source: Homepage [1] Licensing This is a logo of a corporation, sports team, or other organization, and is protected by copyright and/or trademark. ... A bank is an institution that provides financial service, particularly taking deposits and extending credit. ... Vienna (German: Wien [viːn]; Slovenian: Dunaj, Croatian and Serbian: Beč Romanian: Viena, Hungarian: Bécs, Czech: Vídeň, Slovak: Viedeň, Romany Vidnya;) Vienna is the capital of Austria, and also one of the nine States of Austria. ... 1855 was a common year starting on Monday (see link for calendar). ... Rothschild is a German and Jewish (Ashkenazic) surname. ... A bank is an institution that provides financial service, particularly taking deposits and extending credit. ... Austria-Hungary, also known as the Dual monarchy (or: the k. ... Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. ... May 11 is the 131st day of the year in the Gregorian Calendar (132nd in leap years). ... 1931 (MCMXXXI) is a common year starting on Thursday. ... Dorothea Langes Migrant Mother depicts destitute pea pickers in California, centering on Florence Owens Thompson, a mother of seven children, age twenty-nine, in Nipomo, California, March 1936. ... The Oesterreichische Nationalbank (OeNB) is the central bank of the Republic of Austria and, as such, an integral part of both the European System of Central Banks (ESCB) and the Eurozone. ...


After World War 2 the bank was nationalised, 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. Combatants Allies: • Soviet Union, • UK & Commonwealth, • USA, • France/Free France, • China, • Poland, • ...and others Axis: • Germany, • Japan, • Italy, • ...and others Commanders Strength Casualties Full list Full list World War II, also known as the Second World War, was a large scale military conflict that took place between 1939 and 1945. ... Nationalization is the act of taking assets into state ownership. ... A commercial bank is a type of financial intermediary and a type of bank. ... Wienerberger AG is the world’s largest producer of bricks, based in Vienna, Austria. ... Steyr-Daimler-Puch was a large manufacturing conglomerate based in Steyr, Austria. ... Lenzing AG is the world leader in cellulose fiber production, based in Lenzing, Austria. ... The Semperit AG Holding is a manufacturer of industrial rubber and plastic products based in Vienna, Austria. ...


In 1997 the state owned shares were sold to Bank Austria (BA), resulting in a crisis in the ruling coalition between SPÖ und ÖVP, since Creditanstalt had to be considered part of the conservative sphere of influence, whereas BA with its roots as Vienna's Central Bank was considered standing politically left. The merger was not finished until 2002, with the creation of Bank Austria Creditanstalt, which became part of the German HypoVereinsbank (HVB) group. HVB is currently (As of 2005) in the process of being taken over by UniCredito. 1997 (MCMXCVII in Roman) is a common year starting on Wednesday of the Gregorian calendar. ... See stock (disambiguation) for other meanings of the term stock A stock, also referred to as a share, is commonly a share of ownership in a corporation. ... Bank Austria Creditanstalt is a Central and Eastern European bank, 94. ... The Social Democratic Party of Austria (Sozialdemokratische Partei Österreichs, SPÖ) is a political party in Austria. ... The Austrian Peoples Party or Österreichische Volkspartei is an Austrian political party. ... Conservatism or political conservatism is any of several historically related political philosophies or political ideologies. ... A sphere of influence is a metaphorical region of political influences surrounding a country or a region of economic influence around an urban area. ... The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies as well as assets. ... For the Cusco album, see 2002 (album). ... Image:Hypo-Haus 03-10-28-012. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... UniCredito Italiano SpA, UniCredit, UniCredit Group is a pan- European Bank which operates in 19 countries with 28 million customers through 7,000 branches employing 140,000 people. ...


  Results from FactBites:
 
Creditanstalt - Wikipedia, the free encyclopedia (243 words)
The Creditanstalt was based in Vienna, founded 1855 as K.
In 1997 the state owned shares were sold to Bank Austria (BA), resulting in a crisis in the ruling coalition between SPÖ und ÖVP, since Creditanstalt had to be considered part of the conservative sphere of influence, whereas BA with its roots as Vienna's Central Bank was considered standing politically left.
The merger was not finished until 2002, with the creation of Bank Austria Creditanstalt, which became part of the German HypoVereinsbank (HVB) group.
  More results at FactBites »


 
 

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