Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1933
Involvement in Nazi rearmament finance
The bank was involved in the indirect placement of Mefo-related bills through block and sola bills. These instruments helped finance Nazi rearmament while limiting the visibility of the expenditure in ordinary public accounts.
1933
Processing of discriminatory foreign-exchange controls
Dego processed securities, cash and other assets of Jewish emigrants under Nazi foreign-exchange rules. Assets were placed in blocked arrangements, converted or sold, and reduced by state-imposed discounts and levies before limited foreign-currency transfers were made.