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Knut Agathon Wallenberg of the Stockholms Enskilda Bank and Emil Glückstadt of Landmansbanken (Copenhagen) founded the British Bank of Northern Commerce in February 1912, together with several other banks including Centralbanken for Norge (Christiania), Banque de Commerce de l`Azoff-Don (Petrograd), and Banque de Paris et des Pays Bas (Paris).