Born Nov. 17, 1853 in Frankfurt am Main; died May 6, 1932, in Berlin. German economist and banker.
Riesser, the director of the Darmstädter Bank from 1888 to 1905, founded and was president of the Hansabund in 1909. He founded the Central Association of German Banks and Banking in 1901 and served as the association’s president. His main work is German Big Banks and Their Concentration (1905), which presents data on the changing role of the stock market, the consolidation of banks, and the formation of international monopolies. An apologist for capitalism, Riesser glossed over the mechanics of the way the financial oligarchy was formed and the oligarchy’s operating methods, amounts of income, and relations with parliaments and state administrations.