JF Schröder

JF Schröder was a Bremen bank that went bankrupt in 1931.

history

In 1905 Johann Friedrich Schröder opened a securities - commission business in Bremen , in which mainly shares of the German steamship company "Hansa" were traded. Schröder and the banker's son Albert Ernst Weyhausen founded the Schröder and Weyhausen banking house in Bremen, Langenstrasse No. 1 in 1905 .

In 1920 the company was merged with the Bremen bank EC Weyhausen and traded as JF Schröder KGaA . In 1923 she moved into the new bank building at Obernstrasse 2-12. From 1925 it was the house bank for the state of Bremen and parts of the local economy. The Bremen Senate had invested its assets with this company. The company had taken over the role of the Bremen Senate's house bank from the Darmstädter und Nationalbank ( Danatbank ). The Danatbank at the time was the third-largest German bank.

During the global economic crisis that began in 1929 and after the bankruptcy of Norddeutsche Wollkämmerei & Kammgarnspinnerei (Nordwolle) in July 1931, the company had to close its counters on July 20, 1931 - despite attempts to rescue it. The Danatbank was already insolvent on July 13, 1931.

The state reorganized and took over the company. From then on it operated as the Norddeutsche Kreditbank .

See also

Company founder Johann Friedrich Schröder (1879–1933)

literature

• Eckhard Wandel: Banks and Insurance in the 19th and 20th Centuries . Encyclopedia of German History Vol. 45, Oldenbourg-Verlag, 1998, ISBN 3486550721 . (P. 88/89; readable via Google's book search )
• Herbert Black Forest : The Great Bremen Lexicon . 2nd, updated, revised and expanded edition. Edition Temmen, Bremen 2003, ISBN 3-86108-693-X .
• From Brüning to Hitler by Gerhard Schulz (p. 401; readable via Google's book search )
• Johann Friedrich Schröder by Peter Müller ( Memento from May 22, 2010 in the Internet Archive )