Big Bank Act
| Basic data | |
|---|---|
| Title: | Law on the branch of credit institutions |
| Short title: | Big Bank Act |
| Abbreviation: | KredInstNdlG |
| Type: | Federal law |
| Scope: | Federal Republic of Germany |
| Legal matter: | Commercial administrative law |
| Original version from: | March 29, 1952 ( BGBl. I p. 217 ) |
| Entry into force on: | April 1, 1952 |
| Last revision from: | Law on the lifting of the restriction on the area of business of credit institutions of December 24, 1956 ( Federal Law Gazette I p. 1073 ) |
| Entry into force of the new version on: |
December 30, 1956 |
| Effective date of the last change: |
January 1, 1964 |
| Weblink: | Text of the law |
| Please note the note on the applicable legal version. | |
The Big Banks Act (officially: Act on the Branch of Credit Institutions ) served to restructure the German private banks after the establishment of the Bank of German States .
The Central Bank of the Bank of German countries commissioned on 10 February 1950, the Board of Directors , "Proposals for the Reform of large banks ... to submit." After lengthy negotiations, the Big Bank Act came into being , which confirmed the liquidation of the big banks Deutsche Bank , Dresdner Bank and Commerzbank , ordered by the Allies , but reduced the number of sub-institutions that were created:
- Dresdner Bank was in 11 institutes,
- Deutsche Bank in 10 institutes and the
- Commerzbank divided into 9 institutes
The law, which was issued on March 29, 1952, allowed the 30 individual institutes to be partially reunited in three regions. To this end, West Germany was divided into three districts, and nine central institutes were created. The three big banks were each divided into three institutes. Until September 30, 1952, the divisions of the previous three major banks had time to bring about a resolution by the shareholders to carry out the restructuring. Several successor institutes came into being. The merger law (officially "law to abolish the branches of credit institutions") of December 1956 repealed the big banks law in large parts and made the reunification of the successor banks possible. The branches in Berlin (West) were excluded. In addition, it lifted the prohibition of personal ties between the management of the successor banks ( personal union ), their financial holdings among themselves ( cross- holdings ) and the restriction on the issuance of registered shares only .
literature
- Lothar Gall: The Deutsche Bank , 1870–1995
- Hans Joachim Rieken: The relationships between the central bank and the bearers of the giro systems: an analysis from the point of view of money creation , Volume 26, 1964
