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Morgan Grenfell 1838-1988 - The Biography of a Merchant Bank (Hardcover, New)
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Morgan Grenfell 1838-1988 - The Biography of a Merchant Bank (Hardcover, New)
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This is the arresting 150-year story of one of the oldest and most
illustrious merchant banks and of the men who made it. Founded in
1838 by an American, George Peabody, Morgan Grenfell quickly became
the most important American banking house in London, and by the
turn of the century held an unrivalled position as part of the most
powerful investment bank in the world. The book chronicles its role
in financing the overseas purchases of Britain and her allies
during the First World War, in taking the lead amongst the private
London bankers in reconstructing Europe during the 1920s, and in
pioneering the new field of corporate finance. In the 1980s Morgan
Grenfell took off with a substantial rise in profits and an
extraordinarily powerful Corporate Finance Department: an epilogue
summarises recent events to the end of 1988 when it decided to exit
from securities in London and to concentrate on developing its
areas of traditional strength. Based on a wide range of original
sources, this book is unmatched as a banking history: no other book
combines the unrestricted access to the bank's archives afforded to
the author with a narrative of events up to the 1980s.
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