Bank Mendelssohn & Co.
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Mendelssohn & Co. was a private banking house based in Berlin , which was founded in 1795, rose to become the most important Prussian and German private bank and was forced into liquidation in 1938 after its active business was taken over by Deutsche Bank .
history
The bank was founded in 1795 by Joseph Mendelssohn on Spandauer Strasse with two employees. He later took his brother Abraham Mendelssohn Bartholdy into his business.
In 1815 the bank moved to its well-known headquarters at Jägerstrasse 51 (later also Jägerstrasse 52 and Jägerstrasse 49/50 ), in the vicinity of which the Berlin banking district established itself in the following decades . The Mendelssohn & Co. company kept its headquarters here until its forced liquidation in 1938.
From the 1850s onwards, Mendelssohn & Co. developed particularly close relationships with the Russian court and state as well as with leading financial institutions of the Russian Empire . From the 1870s, the Berlin bank dominated the Central European financial market for Russian government and railway bonds. Only the outbreak of World War I in 1914 and the Lenin putsch in 1917 put an end to these close contacts. Mendelssohn & Co. rose to become the most important private bank in Germany.
The credit institution survived the difficult economic times of the Weimar Republic and the global economic crisis .
As part of the " Aryanization ", the "Aryan" employees as well as the assets and liabilities of the Mendelssohn Bank were taken over by Deutsche Bank without consideration . Negotiations were conducted by the senior boss of Mendelssohn & Co., Rudolf Löb , and Hermann Josef Abs , the youngest member of the Deutsche Bank board. On December 5, 1938, Rudolf Löb, Paul Kempner , Fritz Mannheimer and Marie von Mendelssohn left the Mendelssohn & Co. bank as “Jews”. On December 31, 1938, it went into liquidation.
Partner
Mendelssohn & Co.'s drawing partners included
- Joseph Mendelssohn ,
- Moses Friedländer,
- Abraham Mendelssohn Bartholdy ,
- Joseph Maximilian Fränckel,
- Alexander Mendelssohn ,
- Paul Mendelssohn-Bartholdy ,
- Adolph Mendelssohn,
- Franz (von) Mendelssohn senior ,
- Ernst (from) Mendelssohn-Bartholdy ,
- Robert von Mendelssohn ,
- Franz von Mendelssohn jun. ,
- Paul von Mendelssohn-Bartholdy ,
- Arthur Fischel ,
- Rudolf Löb ,
- Fritz Mannheimer ,
- Paul Kempner ,
- Hugo Rosenberger and
- Robert von Mendelssohn jun.
literature
- Sebastian Panwitz: The crane's house. The private bankers of Mendelssohn & Co. (1795-1938). Hentrich & Hentrich, Berlin 2016, ISBN 978-3-95565-263-0 .
- Julius H. Schoeps : The legacy of the Mendelssohns: Biography of a family. S. Fischer, Frankfurt am Main 2009, ISBN 978-3-10-073606-2 .
Web links
- Mendelssohn heirs are defeated in the battle for the banking house ( Memento from June 29, 2007 in the Internet Archive )
- Newspaper article on the Mendelssohn & Co. bank in the 20th century press kit of the ZBW - Leibniz Information Center for Economics .