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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'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.