The golden boys and the Herstatt Bank – a spectacular bankruptcy with consequences

 

FROM: Maike Brzoska

Broadcast on May 6, 2024

In the interview:

Ulrich Klüh, Professor of Economics at Darmstadt University of Applied Sciences
Christoph Kaserer, Professor of Financial Management and Capital Markets at the Technical University of Munich

The bankruptcy of Cologne’s Herstatt Bank was one of the most spectacular in German history. Thousands of bank customers lost money. Things had started so well when the foreign exchange traders – known internally as golden boys – started betting on currencies. By Maike Brzoska

Credits:
Author of this episode: Maike Brzoska
Director: Sabine Kienhöfer
Speakers: Katja Amberger, Friedrich Schuler, Christian Schuler
Technology: Ruth-Maria Ostermann, Lorenz Kersten
Editor: Nicole Ruchlak

We look forward to receiving feedback and suggestions about the program by email to  radiowissen@br.de .

More   information can be found here.

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