Herstatt Bank was a privately owned bank in the German city of Cologne. It went bankrupt on 26 June 1974, an event widely referred to as the Herstatt crisis. Herstatt's failure specifically highlighted the importance of settlement risk in... Wikipedia
Founded: December 10, 1955
Headquarters: Cologne, Germany
Founder: Emil Georg Bührle
Ceased operations: June 26, 1974