Shareholders and management

Richard Roberts and Christopher Arnander

Chapter Chapter 8 in Take Your Partners, 2001, pp 129-143 from Palgrave Macmillan

Abstract: Abstract Most of the London consortium banks, including Orion, were established in the late 1960s or early 1970s. The objective of the shareholder parents, mostly large commercial banks, in this formative ‘childhood’ phase, was to test the water in international banking in a prudent and modest way by sharing risks and costs. Joining a consortium enabled them to provide Eurocurrency services for their clients and for their executives to gain experience in international banking. It was also hoped that participation in the booming Euromarkets would be a profitable investment, but this was not always the primary motivation.

Keywords: Commercial Bank; Chief Executive; Investment Banking; International Financial Market; Universal Bank (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59651-1_9

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DOI: 10.1057/9780230596511_9

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