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Following
Balduino's death in 1885, Giacinto Frascara became the Credito Mobiliare's general manager. As the bank had become overexposed to the construction sector, Frascara attempted to mitigate the risk by purchasing deposit banks and other financial institutions, including the Milan-based
341:, making the Credito Mobiliare the dominant player on that market in the following two decades, financing numerous industrial and infrastructure ventures and helping them sell securities.
314:
was again restructured in 1860, and once again in 1863 when it was renamed
Credito Mobiliare. The latter transaction was executed with the support of the Pereire-controlled
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The
Credito Mobiliare failed to survive the major Italian financial crisis of the early 1890s and was liquidated in 1893. Some of its operations were re-organized as the
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and the other half to stakeholders of the Crédit
Mobilier, including the Pereires themselves. The newly rebranded bank was immediately listed on the stock exchange.
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in 1892. This did not prevent the
Credito Mobiliare from succumbing to the financial fragility that followed the domestic
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was established in 1852 and reorganized in 1856 with support from Paris-based financier
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but avoided failure thanks to the support of the Crédit
Mobilier and of the
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to expand on the
Italian market. That effort, however, did not succeed. The
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Banking Crises and Boom-Bust
Dynamics: Evidence for Italy (1861-2016)
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La caduta della SocietĂ Generale di
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299:Cassa del Commercio e dell'Industria di Torino
259:Cassa del Commercio e dell'Industria di Torino
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246:in the last third of the 19th century.
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257:, succeeding a previous venture, the
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400:Maffeo Pantaleoni (1998),
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353:and international
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194:Key people
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44:footnoting
537:insurance
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52:June 2024
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