The Danatbank collapse introduced the banking crisis to the public.

Evidence

The crisis became visible to the wider public with the collapse of Darmst¨adter Nationalbank (Danatbank or simply Danat), the second-largest of Germany’s four great universal banks, even if strains had already begun to appear in the banking system before (Blickle et al., 2020). — Sebastian Doerr et al., Financial Crises and Political…, 51

Categorization

  • XREF: connects to: The 1931 banking crisis transformed Germany’s recession into the Great Depression. — Sebastian Doerr et al., Financial Crises and Political…, 51; Danat exposure caused worsening unemployment only after the bank failed — Sebastian Doerr et al., Financial Crises and Political…, 146; An opaque financial crisis elevated prescient explainers into cultural authorities. — W. David Marx, Blank Space: A Cultural History of the…, 212 (+1 more)

Broader Connections