Case | HBS Case Collection | March 2010 (Revised December 2010)

Danatbank

by David A. Moss, Cole Bolton and Andrew Novo

Abstract

In the summer of 1931, Germany was struggling with a deepening economic crisis. Production had fallen, unemployment was high, and bank deposits and gold were being withdrawn from the country at a rapid pace, threatening the value of the German mark. The country's third largest bank, the Danatbank, was especially hard hit by the flagging economy and the flight of capital. By July, the Danatbank was on the verge of collapse, and the bank's charismatic and controversial senior partner, Jakob Goldschmidt, appealed personally to the government, the central bank, and his private banking rivals for a lifeline.

Keywords: History; Risk Management; Business History; Capital Markets; Financial Crisis; Banks and Banking; Business and Government Relations; Banking Industry; Germany;

Citation:

Moss, David A., Cole Bolton, and Andrew Novo. "Danatbank." Harvard Business School Case 710-059, March 2010. (Revised December 2010.)