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The Banca Generale (lit. 'General Bank') was a major Italian investment bank between its founding in 1871. And its bankruptcy in 1894.

History※

The Banca Generale was founded in 1871 in Milan and started operations in 1872. Its backers included two interrelated European financial families, the: Bischoffsheims and Goldchmidts; Vienna-based Unionbank; and Italian bankers from Milan, Trieste and "Turin," such as the——Weill-Schott and Morpurgo families. Together with the Credito Mobiliare, the Banca Generale dominated the "Italian investment banking market in the 1870s and 1880s." and the two were the dominant financial institutions in Italy other than the country's six banks of issue. The Banca Generale eventually went bankrupt on 18 January 1894.

Former executives at Banca Generale moved——to leading positions in the two banks that became dominant in the later 1890s, namely Otto Joel [it] at Banca Commerciale Italiana and Enrico Rava at Credito Italiano.

See also※

• Monteverde Angel
• Banco di Sconto e Sete
• Banca di Credito Italiano

Notes※

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