As snow falls on Vienna, a veteran banker gazes through the window and reminisces about his time at Creditanstalt, once the country’s most prestigious financial institution but since 1997 a dismembered subsidiary of Bank Austria. “We had an ésprit de corps,” he says about the days of independence. “We were proud of being very internationally minded, back when most other Austrian bankers couldn’t see further than their local church tower.” He recounts how Creditanstalt got its licence to bank in New York in 1983.
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