FAILURE OF A SWISS BANK.
SPECULATIONS ON THE PARIS • ' BOURSE.
A MILLION AND A-HALF LOST.
MANAGER AND CASHIER ARRESTED. By Telegraph.-Press ABSOciation.-Copyright. (Received April 27. 4.17 p.m.) London, April 2G. The Daily Mail states that the Basler Credit Gesellschaft of Switzerland,- a leading financial institution, has failed, the failure being attributed to speculations resulting in losses amounting to a million and sihalf sterling on the Paris Bourse. Grob, the manager, and Hoehinger, the cashier, have been arrested. Thousands have been ruined by the failure, chiefly in South Germany.
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New Zealand Herald, Volume XXXIX, Issue 11951, 28 April 1902, Page 5
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88FAILURE OF A SWISS BANK. New Zealand Herald, Volume XXXIX, Issue 11951, 28 April 1902, Page 5
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