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Zusatztext 'excellent study ... a frank investigation - informative about the enterprise and its personnel ... this is an important story well told, offering a lucid introduction to a complicated yet historically vital area of business endeavour'Barry Supple, St Catharine's College, Cambridge, EHR, July 1993 Informationen zum Autor Kathleen Burk is Lecturer in Modern History and Politics at Imperial College, London Klappentext This is the arresting 150-year story of one of the oldest and most illustrious merchant banks, and of the men, George Peabody and J.P. Morgan, who built it. The book chronicles Morgan Grenfell's role in financing British oversea purchases during World War I, in taking the lead among the private London bankers in reconstructing Europe during the 1920s, and in pioneering the new field of corporate finance. By the 1980s, Morgan Grenfell was the most powerful and feared corporate finance house in London, but as a consequence of the October 1987 stock market crash, Morgan Grenfell withdrew from the securities business to concentrate on areas of traditional strength. Based on a wide range of original sources, this book is unmatched as a banking history: no other author has combined unrestricted access to the bank's archives with a narrative of events up to the 1980s. Zusammenfassung 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....
