Stockholms Enskilda Bank, sometimes called Enskilda banken or SEB, was a Swedish bank, founded in 1856 by André Oscar Wallenberg as Stockholm's first private bank. In 1857, Stockholms Enskilda Bank began to employ women, claiming to be the first bank in the world of doing so.
Stockholms Enskilda Bank was managed by the Wallenberg family who, thanks to the bank, built a unique position in Swedish business. During World War II, the Wallenberg bank ...
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Stockholms Enskilda Bank, sometimes called Enskilda banken or SEB, was a Swedish bank, founded in 1856 by André Oscar Wallenberg as Stockholm's first private bank. In 1857, Stockholms Enskilda Bank began to employ women, claiming to be the first bank in the world of doing so.
Stockholms Enskilda Bank was managed by the Wallenberg family who, thanks to the bank, built a unique position in Swedish business. During World War II, the Wallenberg bank was accused of collaborating with Nazi Germany, putting the bank on blockade by the U.S. Government. In 1972, the bank merged with Skandinaviska Banken to become Skandinaviska Enskilda Banken.
From the beginning, Stockholms Enskilda Bank mainly issued credit to industry, and soon banker's drafts were introduced to simplify the conveyance of payments. Towards the end of the 1800s, Stockholms Enskilda Bank played an active role in industrial construction, both as a lender and as an initiator. The bank took over or participated in bond loans of...
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