Name Paul Wallich | Died 1938 | |
Paul Wallich (1882–1938) was a German banker and son of the banker Hermann Wallich. An assimilated Jew, who considered himself Christian, he rose to become a partner in the bank Dreyfus & Co. As the Nazis rose to power, the international business of the bank sharply declined. Assets and clients dwindled until Paul finally sold the firm to Merck Finck & Co., a Munich based bank, while signing a 10-year consulting contract for 50,000 marks per year.
He committed suicide in the aftermath of the Kristallnacht pogrom by drowning himself in the Rhine at Cologne.
References
Paul Wallich Wikipedia(Text) CC BY-SA