War Crimes Of The Deutsche Bank And The Dresdner Bank

In November 1946, US Government financial experts inside former Nazi Germany concluded that Germany's most powerful banks must be liquidated if lasting peace was to be achieved. The giant Deutsche and Dredener Banks had completely intertwined themselves with the Nazi regime and were directly responsible for the systematic theft of Jewish property, slave labour, and financing the construction of SS concentration camps. As the Americans in the Finance Division of the Office of Military Government (US) -- OMGUS -- saw things at the time, the bank leaders should be tried as war criminals and barred from ever holding any positions of importance in German political or economic life. However, these recommendations were never implemented. In fact, many of the officials of the Deutsche Bank went on to be some of the most important figures in German economic development in the postwar period. The Deutsche Bank secretly retained almost a ton of gold taken from the dead at concentration camps; the Dresdener Bank re-emerged as a multinational financial giant. Meanwhile, the US Government buried the 500+ page report of its financial experts in classified files, where they gathered dust for decades. Today, the Deutsche Bank is the largest financial institution in the world and the Dresdener Bank is not far behind.

In November 1946, US Government financial experts inside former Nazi Germany concluded that Germany's most powerful banks must be liquidated if lasting peace was to be achieved. The giant Deutsche and Dredener Banks had completely intertwined themselves with the Nazi regime and were directly responsible for the systematic theft of Jewish property, slave labour, and financing the construction of SS concentration camps. As the Americans in the Finance Division of the Office of Military Government (US) -- OMGUS -- saw things at the time, the bank leaders should be tried as war criminals and barred from ever holding any positions of importance in German political or economic life. However, these recommendations were never implemented. In fact, many of the officials of the Deutsche Bank went on to be some of the most important figures in German economic development in the postwar period. The Deutsche Bank secretly retained almost a ton of gold taken from the dead at concentration camps; the Dresdener Bank re-emerged as a multinational financial giant. Meanwhile, the US Government buried the 500+ page report of its financial experts in classified files, where they gathered dust for decades. Today, the Deutsche Bank is the largest financial institution in the world and the Dresdener Bank is not far behind.

Examines the role of Deutsche Bank, Germany's largest commercial bank, during the Nazi dictatorship, and asks how the bank changed and accommodated to a transition from democracy and a market economy to dictatorship and a planned economy. Set against the background of the world depression and the German banking crisis of 1931, the book looks at the restructuring of German banking and offers material on the bank's expansion in central and eastern Europe. As well as summarizing recent research on the bank's controversial role in gold transactions and the financing of the construction of Auschwitz, the book also examines the role played by particular personalities in the development of the bank, such as Emil Georg von Strauss and Hermann Abs.

Part 7: Contains results of U.S. Government investigation of German-based I.G. Farben international cartel organization and activities in support of Nazi and possible future German military efforts

The Deutsche Bank, Germany's largest financial institution, played an important role in the expropriation of Jewish-owned enterprises during the Nazi dictatorship, both in the existing territories of Germany, and in the area seized by the German army during World War II. In this 2001 book Harold James uses new and previously unavailable materials, many from the bank's own archives, to examine policies which led to the eventual genocide of European Jews. How far did the realization of the vicious and destructive Nazi ideology depend on the acquiescence, the complicity, and the cupidity of existing economic institutions, and individuals? In response to the traditional view that business co-operation with the Nazi regime was motivated by profit, this book closely examines the behaviour of the bank and its individuals to suggest other motivations. No comparable study exists of a single company's involvement in the economic persecution of the Jews in Nazi Germany.

This publication comprises two collections related to Holocaust Era Assets. The first includes Records Regarding Bank Investigations and Records Relating to Interrogations of Nazi Financiers, from the records of the Office of the Finance Division and Finance Advisor in the Office of Military Government, U.S. Zone(Germany) (OMGUS), during the period 1945-1949. The second comprises Records Regarding Intelligence and Financial Investigations, 1945-1949, from the Records of the Financial Intelligence Group, Office of the Finance Adviser. These collections consist of memorandums, letters, cables, balance sheets, reports, exhibits, newspaper clippings, and civil censorship intercepts on: the financing of the German war effort and German financial institutions; reports on Nazi gold, the use of Swiss banks, and links between German and Swiss banks, inclusive of Commerzbank, Deutsche Bank, Deutsche Golddiskontbank, Dresdner Bank, and Reichs-Kredit-Gesellschaft; information regarding Aryanization, bank operations outside of Germany, industrial ties, liquidation proposals, and the restitution of Hungarian property; records concerning agricultural cooperatives; denazification of German finance personnel; an interrogation report of Hjalmar Schacht, the former Reichsminister of Economics and Plenipotentiary for the War Economy; a report on the operations of I.G. Farben AG; plans for the seizure of Reich ministerial records called "Operation Goldcup"; information relating to fiscal conditions in former German-occupied countries; report of banking in the Soviet Zone; documentation on investigations of Bernhard Berghaus, Alois Alzheimer, August von Finck, Eduard Hilgard, Kurt Schmitt, and Franz Schwede-Coburg; and, files relating to Carlowitz & Company and Japanese firms operating in Germany.

A comprehensive history of one of the major players in the world of international finance. Over the course of its 150-year history, Deutsche Bank has established itself as a major player in the world of international finance, but has also been confronted by numerous challenges that have changed the face of Europe – from two world wars, to the rise and subsequent fall of communism. In this major work on the bank's history, Werner Plumpe, Alexander Nützenadel and Catherine R. Schenk deliver a vibrant account of the measures the bank undertook in order to address the profound upheavals of the period, as well as the diverse and unusual demands it had to face. These included the First World War, which brought the world's first period of globalization to a sudden and dramatic end, but also the development of the predominantly national framework within which the bank had to operate from 1914 until the fall of the Berlin Wall in 1989. More recently, the focus has shifted back to European and global activities, with Deutsche Bank forging new paths into the Anglo-American capital markets business – so opening another extraordinary chapter for the bank.

During the past decade, the role of Germany's economic elites under Hitler has once again moved into the limelight of historical research and public debate. This volume offers a brief but focused introduction to the role of German businesses and industries in the crimes of Hitler's Third Reich.