French investment banking at Belle Époque: the legacy of the 19th century Haute Banque

Hubert Bonin

Cahiers du GREThA (2007-2019) from Groupe de Recherche en Economie Théorique et Appliquée (GREThA)

Abstract: The research program about the history of investment banking assesses through this text the legacy transmitted by the merchant banks (Haute Banque) to the Paris banking market. It first delimited the foibles which hindered them in the last quarter of the 19th century, but précised how they succeeded in renewing themselves and in absorbing fresh forces of initiative and creativeness. It draws the strong lines of the strategic deployment of the private bankers, of their portfolio of banking skills and their aptitude to insert themselves in banking in the wake of “modern” banks or even to create one, the Banque de l’union parisienne (Bup) in 1904.

Keywords: Bank, merchant banking; Paris banking market; banking strategy; portfolio of strategic activities; firms’ portfolio of skills (search for similar items in EconPapers)
JEL-codes: G21 N23 N24 (search for similar items in EconPapers)
Date: 2007
New Economics Papers: this item is included in nep-ban and nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:grt:wpegrt:2007-20

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