The Days of the German Empire

The period through the beginning of World War I in 1914 was marked by a sustained upswing of the economy. The bank’s balance sheet reached 127 million reichsmarks. The issuing business grew, and the traditional business in trade acceptances and foreign currencies was expanded. The trading volume in securities arbitrage with Berlin and Frankfurt and in foreign-exchange arbitrage increased. The relationship with Scandinavia was strengthened.

1905    The inclusion of M.M.Warburg & CO in the imperial investment consortium underscores the importance the bank has attained by this date.

1911    From 1911 to 1913, the bank’s building at Ferdinandstrasse 75 is rebuilt; it now employs 111 people.

1917    Carl Melchior becomes the first bank partner who is not a member of the Warburg family.

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