BIG BANK SMASH.
FRENZIED FINANCE. [Br Electric Telegraph—Copyright.] (Per Press Association.) Received July 29, at 0.35 a.m. Berlin, July 28. The Nieder Deutsche Bank at Giortlmind has failed. IJerr Ohm, a director, has been arrested at the Public Prosecutor's instance.
The Daily Telegraph states that the bank's obligations are three millions sterling. The Daily News .says the failure is largely attributed to improper speculation on American markets. Other banks were unable to extricate the concern, but were endeavoring to assist the. smaller creditors, especially depositors, mostly miners and other workers! The capital is £60,000 and the' deposits £441,000. The assets have not been ascertained.
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https://paperspast.natlib.govt.nz/newspapers/OAM19100729.2.43
Bibliographic details
Oamaru Mail, Volume XXXVIII, Issue 10519, 29 July 1910, Page 4
Word Count
104BIG BANK SMASH. Oamaru Mail, Volume XXXVIII, Issue 10519, 29 July 1910, Page 4
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