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Specialist bank for foreign trade
- With private banker Adelbert Delbrück, on 22 January 1870, he founded Deutsche Bank in Berlin as a specialist bank for foreign trade.
en.wikipedia.org/wiki/Ludwig_Bamberger
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With private banker Adelbert Delbrück, on 22 January 1870, he founded Deutsche Bank in Berlin as a specialist bank for foreign trade. In 1892 he retired from political life and died in 1899.
If we look at what remains, Ludwig Bamberger’s contribution at Deutsche Bank appears modest: a member of the Administrative Board from 1870 to 1872 plus a handful of letters and a few pages in his memoirs. And yet this politician, banker and currency expert will go down in history as one of Deutsche Bank’s trailblazers
When the idea of founding Deutsche Bank became reality in 1870, banking was in the throes of radical change: industrialisation meant that industry's financing needs were growing and the highly traditional banking sector was going to have to move with the times. Adelbert Delbrück.
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The initial idea to set up the Bank was floated by Adelbert Delbrück, a private banker, and Ludwig Bamberger, a politician and currency expert. The 76 subscribers who provided the Bank's initial share capital of five million talers (15 million marks) included leading German private bankers.
Jul 17, 2024 · Bamberger managed the Paris branch of a London bank until the amnesty of 1866 enabled him to return to Germany. By then a qualified admirer of Otto von Bismarck , Bamberger dissociated himself from all democratic groups.
Ludwig Bamberger, one of the initiators of the bank’s foundation, was at the top of the list of subscribers. And also Georg Siemens, who was to become the leading figure at Deutsche Bank, was a member of this group of shareholders, subscribing to the relatively modest amount of 5,000 talers.
Aug 22, 2024 · Ludwig Bamberger (1823-1899) was born to a well-connected Jewish family in Mainz in 1823, just eight years after the post-Napoleonic peace settlement and France’s return of the territory to the German Confederation.
