Marcuard & Co.
This is a translated version of the French version of this article
The private bank Marcuard & Cie, founded by Johann Rudolf Marcuard in 1746, is a Bernese bank acquired in 1919 by Crédit Suisse.
One of the first banks in Switzerland, it quickly became one of the largest banks of the 18th century[1]. Still today, many Marcuard entities are active around the world, founded by the heirs of the Marcuard family.
History
Like many private banks of the pre-modern era, the private bank Marcuard finds its origins in commercial activity.
Johann Rudolf Marcuard (1721–1795), active in the Indian trade (selling printed Indian rubber and importing Arabic rubber and indigo), increasingly specialized in international transactions and payments associated with securities trading.
In 1746, he opened the private bank “Marcuard & Morel”, which from 1755 was called “Jean Rodolphe Marcuard & Cie”.
Under the leadership of Samuel Friedrich Marcuard (1755-1820) and Johann Konrad Beuther, the bank, known from 1775 to 1825 as "Marcuard, Beuther & Cie", became one of the most important banks of the 18th century[2], with correspondents in European metropolises such as Vienna, Paris, Copenhagen, and Amsterdam among others.
A large number of European powers called on his services, including Austria, in need of capital following the Seven Years' War.[3] Among the numerous loans issued by the Marcuard bank to its clients, we find in particular Maria Theresa of Austria, Nicholas I, Prince Esterházy, and various European courts (Turin, Sweden, Denmark, England, France)[4].
The bank was located at Amthausgasse 14 until 1821. Then it moved to Marktgasse 1 – called “Marcuard & Cie” from 1826 – before moving from the mid-19th century to Marktgasse 51. From the turn of the century until 1919, when it was taken over by Credit Suisse with its staff and portfolio, it was based at Christoffelgasse 4.
References
- ^ Meyer, P. (1913), "Beiträge zur Geschichte des Dieselmotors", Beiträge zur Geschichte des Dieselmotors, Berlin, Heidelberg: Springer Berlin Heidelberg, pp. 1–57, ISBN 978-3-662-24476-0, retrieved 2024-07-09
- ^ Meyer, P. (1913), "Beiträge zur Geschichte des Dieselmotors", Beiträge zur Geschichte des Dieselmotors, Berlin, Heidelberg: Springer Berlin Heidelberg, pp. 1–57, ISBN 978-3-662-24476-0, retrieved 2024-07-09
- ^ Ernst Klein (1982). Deutsche Bankengeschichte (in German). Knapp. p. pp. 142-143.
{{cite book}}:|page=has extra text (help); Unknown parameter|pages totales=ignored (help)CS1 maint: location missing publisher (link) - ^ Ernst Klein (1982). Deutsche Bankengeschichte (in German). Knapp. p. pp. 142-143.
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Bibliography
- Rudolf Buser-van Dyc, Zur Geschichte des Bankhauses Marcuard u. Co., Berne, 1913.
- Albert Schaufelberger, Die Entwicklung des bernischen Bankwesens : ein Beitrag zur bernischen Heimatgeschichte, Thun, 1948.
- Bernard Marcuard, Marcuard : période bernoise : (1745–1982), 1983, p. 58.