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Specialist bank for foreign trade
- With private banker Adelbert Delbrück, on 22 January 1870, he founded Deutsche Bank in Berlin as a specialist bank for foreign trade.
en.wikipedia.org/wiki/Ludwig_Bamberger
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With private banker Adelbert Delbrück, on 22 January 1870, he founded Deutsche Bank in Berlin as a specialist bank for foreign trade. In 1892 he retired from political life and died in 1899.
Delbrück found Bamberger to be a powerful advocate of his plans to create a big bank that would primarily be engaged in overseas trade. Bamberger’s opinion was highly sought-after and was listened to – even by Otto von Bismarck, the most powerful German politician of the time and the future Reich Chancellor.
When the idea of founding Deutsche Bank became reality in 1870, banking was in the throes of radical change: industrialisation meant that industry's financing needs were growing and the highly traditional banking sector was going to have to move with the times. Adelbert Delbrück.
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The initial idea to set up the Bank was floated by Adelbert Delbrück, a private banker, and Ludwig Bamberger, a politician and currency expert. The 76 subscribers who provided the Bank's initial share capital of five million talers (15 million marks) included leading German private bankers.
Jul 17, 2024 · Bamberger managed the Paris branch of a London bank until the amnesty of 1866 enabled him to return to Germany. By then a qualified admirer of Otto von Bismarck, Bamberger dissociated himself from all democratic groups.
Aus einer jüdischen Bankiersfamilie stammend, gehörte er 1870 zu den Gründern der Deutschen Bank. In den frühen 1870er Jahren war Bamberger einer der wichtigsten Finanzpolitiker. Er war an der Gründung der Reichsbank beteiligt und gilt als Vater der Münzreform und der deutschen Mark.
In Berlin, a number of private bankers were open to new ideas, and the driving force behind them was Adelbert Delbrück, head of the banking house Delbrück Leo & Co. Together with Ludwig Bamberger, politician, banker and expert in monetary theory, Delbrück is regarded as the "true founder" of Deutsche Bank.
