Remaining quota

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Remaining quota (also new Reichsmark share ) refers to shares in the former dormant old banks of Commerzbank , Dresdner Bank and Deutsche Bank .

history

After the Second World War , the major banks were disentangled in 1947 and 1948 , when business operations were split up into regional institutes by order of the western occupying powers ( Trizone ). As early as 1952, this situation was changed with the law on the branch area of ​​credit institutions called the Big Banks Act . The old banks each founded three sub-institutions and exchanged the old shares for papers from the new companies. The old companies continued to exist as a dormant old bank with no business operations and served to process the old business. In order to cover the expropriated assets in the east that were not recorded by the spin-offs, the shareholders of the sub-institutes also received new shares in the old bank in 1952, denominated in Reichsmarks . These shares were called residual quotas, and they were traded on the stock exchange even after the sub-institutes merged in 1957.

The remaining quotas evidenced claims to the expropriated assets behind the Iron Curtain . With increasing duration, the prospect of return diminished, insofar as the remaining quotas were an object of speculation and there were price jumps, among other things, through:

  • In the 1970s, in the case of Dresdner Bank, the stock exchange trader Hermann Krages tried in vain to get the old bank to resume operations with his 40% stake.
  • After reunification , there was hope that the old property that had been expropriated between 1945 and 1949 would be transferred back, but this did not materialize.
  • The entrepreneur Bolko Hoffmann held approx. 48% of the shares in Commerzbank-Altbank in the mid-1990s and sued because, in his opinion, the old bank had claims on the new bank with regard to the use of the name and logo of the old bank. The legal dispute was settled in 2008 and the share package for € 10.34 per remaining quota was taken over by the new Commerzbank.

Old banks

  • Commerzbank AG from 1870, Berlin / Hamburg: After the settlement of the legal disputes, it was deleted from the Hamburg commercial register at the end of 2008 at the request of the new Commerzbank and trading with the remaining quotas ( WKN 803306) was discontinued.
  • Aktiengesellschaft Deutsche Bank, Berlin / Düsseldorf: Was officially deleted from the Berlin Commercial Register in 1983 due to lack of assets
  • Dresdner Bank Berlin AG, Berlin / Frankfurt am Main: Was officially deleted from the Berlin Commercial Register in 1983 due to lack of assets

literature

The time

The mirror

  • We have the nerve . In: Der Spiegel . No. 50 , 1977 ( online speculation with Dresdner Bank remaining quotas).

Individual evidence

  1. ↑ Companies and facts . In: Die Zeit , No. 40/1978
  2. ↑ FinanzNachrichten.de, April 9, 2009