Press coverage of Danat and its Jewish CEO dwarfed coverage of other failing banks.

Evidence

Figure 1 compares mentions of Germany’s three largest banks during the 1930s (together with the word “crisis”, panel A) and their leading managers (panel B) in the German-speaking press. The spike for Danat in the summer of 1931 is orders of magnitude larger than for Deutsche Bank or Dresdner Bank. The same divergence – reinforcing the importance and prominence of Danat during the crisis – occurs among the names of leading managers: while mentions of the name Goldschmidt (Danat’s CEO) spike during the banking crisis, mentions of the leading managers of Dresdner or Deutsche barely change. — Sebastian Doerr et al., Financial Crises and Political…, 55

Categorization

• XREF: Relates to work on elite/media framing driving political outcomes, adjacent to Gentzkow/Shapiro media-slant literature. — connects to: The Danat-radicalization result survives many robustness checks. — Sebastian Doerr et al., Financial Crises and Political…, 39