Stockholms Handelsbank founded in Stockholm (1871)

Stockholms Handelsbank was established in early 1871 by large corporations and prominent Stockholm residents. Several founders had previously worked at Stockholms enskilda bank, leaving that institution in April 1871 following a conflict. The bank began operations on 1 July 1871 in rented premises within the commercial district of Stockholm's Old Town.

Episodes

Background and detail

Background. Stockholm is the capital and most populous city of Sweden, as well as the largest urban area in the Nordic countries. The city's commercial and financial district in the central Old Town provided the initial setting for the bank's operations. The Stockholm Stock Exchange, founded in 1863, is the largest stock exchange in the Nordic countries measured by market capitalisation.

Founding Context. The bank was created in early 1871 by several large corporations and leading Stockholm residents. A significant portion of the initial owners had been active in Stockholms enskilda bank, the forerunner of SEB. These individuals left that bank in April 1871 after a conflict, leading to the establishment of Stockholms Handelsbank.

Early Operations. Handelsbanken began operating on 1 July 1871 in rented space in the commercial and financial district in the central Old Town. This location was situated in Stockholm, the capital and most populous city of Sweden, which has been home to many of the country's largest banks.

People involved

Sources

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