Start hereDictionarySearch
English
日本語English中文ItalianoFrançaisDeutschEspañol
Sign in Fees and how to study
NOMISMA
Read history Money history: the world and JapanBubbles, frauds and financial crisesPeople who changed moneyReadingsSee all of Read history
Understand how money works Banks and depositsInterest, prices and exchange ratesCash and digital paymentsHistory's lessons for today's decisionsSee all of Understand how money works
Look at coins Browse by photoImages, letters and materialsCare, storage and tradingSee all of Look at coins
Start hereDictionarySearch
Fees and how to study Sign in
Language
日本語English中文ItalianoFrançaisDeutschEspañol

Creditanstalt

クレディットアンシュタルト　—　People & places

Austria's largest bank, founded in 1855. It announced its insolvency on May 11, 1931.

Austria — May 11, 1931 / Vienna
Austria　May 11, 1931 ／ Vienna

Austria's largest bank, founded in 1855. It announced its insolvency on May 11, 1931, becoming one of the triggers that spread the financial crisis to Central Europe and then to the world.

⚠ The books of a single bank creating a chain reaction across currencies and borders—as a classic case of a banking crisis, its name is still found in textbooks today.