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From the late 1870s, Donon engaged in increasingly reckless risk-taking at the SDCC and withheld the relevant information from the bank's board. The situation became untenable and developed into a
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fostered the creation of the Société des Dépôts et
Comptes Courants and became the new institution's chairman. The SDCC was formally established by executive order (
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addressed by providing emergency liquidity and eventually winding up the bank on 7 April 1891. The SDCC was subsequently absorbed in 1892 by the
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134:) was a French bank, created in 1863 and liquidated in 1891. Its business was subsequently taken over by the recently restructured
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47:introducing citations to additional sources
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99:August 2023
16:French bank
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303:Categories
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185:See also
171:bank run
142:Overview
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