FAILURE OF SWISS BANKS.
DEFALCATIONS THE CAUSE lly C.ib'e—Press Association -C'opyrig i/Kcceived 14, 12.20 a.m. Berne, January 13. The Credit Oticne*. Bank has suspended payment, and 0,400,000 francs capital and deposits are lost. "It is also stated that huge falsifications ill the books have been made. The Bank fuer Handel und Industrie, of Zug, and several other smaller savings banks, failed recently owing to defalcations by the directors and nianagers.
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Taranaki Daily News, Volume LVI, Issue 167, 14 January 1914, Page 5
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70FAILURE OF SWISS BANKS. Taranaki Daily News, Volume LVI, Issue 167, 14 January 1914, Page 5
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