Paul Wallich
Encyclopedia
Paul Wallich was a German banker and son of the banker Hermann Wallich
. An assimilated Jew, who considered himself Christian, he rose to become a partner in the bank Dreyfus & Co. As the Nazis rose to power, the international business of the bank sharply declined. Assets and clients dwindled until Paul finally sold the firm to Merck Finck & Co.
, a Munich based bank, while signing a 10-year consulting contract for 50,000 marks per year.
He committed suicide in the aftermath of the Kristallnacht pogrom by drowning himself in the Rhine at Cologne.
Hermann Wallich
Hermann Wallich was a German Jewish banker.Together with Georg von Siemens, he co-founded Deutsche Bank....
. An assimilated Jew, who considered himself Christian, he rose to become a partner in the bank Dreyfus & Co. As the Nazis rose to power, the international business of the bank sharply declined. Assets and clients dwindled until Paul finally sold the firm to Merck Finck & Co.
Merck Finck & Co.
Merck Finck & Co. is a German private bank. It offers private banking and corporate finance services to high net worth private customers, medium-sized businesses and institutional investors...
, a Munich based bank, while signing a 10-year consulting contract for 50,000 marks per year.
He committed suicide in the aftermath of the Kristallnacht pogrom by drowning himself in the Rhine at Cologne.