[1]: 445 It also developed its own overseas-oriented network by opening branches in Hamburg (1892, when it absorbed the Anglo-Deutsche Bank), Bremen (1895), and London (1901).
[1]: 493 In 1905 Dresdner formed a close alliance with J. P. Morgan & Co. of New York, for joint action in international finance and issue operations, particularly the absorption of American securities by German investors.
Operations in the orient and South America were carried on jointly in cooperation with the A. Schaaffhausen'scher Bankverein,[2] including the establishment in 1905 of Deutsche Orientbank which also involved the Nationalbank für Deutschland.
[5]: 7 As part of the same restructuring, Dresdner Bank acquired full ownership of the former Danat-Bank, of Mercurbank in Vienna,[6]: 14 and of Deutsche Orientbank in Istanbul.
[5]: 7 After the Nazi Anschluss in 1938, Dresdner Bank on 15 June 1938 acquired ownership of Vienna-based Länderbank through its local subsidiary the Mercurbank, in a transaction forced under duress.
[9] The Prague-based Živnostenská Banka's Austrian subsidiary was simultaneously subsumed in the merged entity, renamed Länderbank Wien AG.
The new Länderbank had 33 branch offices in Vienna (36 after acquisition of the Austrian business of Società Italiana di Credito in 1939), in comparison to 24 for the rival Creditanstalt-Bankverein that had come under control of Deutsche Bank.
[10] In subsequent years, most of the Länderbank's resources were used to finance the Nazi war effort,[11] while in March 1939, Dresdner Bank acquired control of Böhmische Escompte-Bank.
It also maintained majority control of the Kommerzialbank in Kraków, Deutsche Handels- und Kreditbank in Bratislava, Banque Bulgare de Commerce in Sofia, and founded the Handelstrust West N. V. in Amsterdam.
[citation needed] Following the invasion of Yugoslavia and proclamation of the Independent State of Croatia, Dresdner Bank took a 53 percent stake in Jugoslavenska Banka, renamed Kroatische Landesbank by court order of 3 June 1941.
Following the end of World War II in Europe, the chairman of the bank's supervisory board, Carl Goetz [de], was arrested by the American occupation forces and held in custody until late 1947.
[17] On 30 July 1977 in Oberursel (Taunus), Jürgen Ponto, the chairman of the board of directors of Dresdner Bank, was shot in his home during an attempted kidnapping by the RAF.
[18][19][20][21] Dresdner Bank expanded its network with acquisition and opening new offices not only in Europe but also in the United States, Singapore, Canada, Australia, Japan, Hong Kong, and China.