Rise of consortium banking

Richard Roberts and Christopher Arnander

Chapter Chapter 2 in Take Your Partners, 2001, pp 17-39 from Palgrave Macmillan

Abstract: Abstract A consortium bank is a bank that is owned by a strategic alliance of other banks. In the spectrum of joint-enterprises in banking, consortium banks lie between loose associations, such as correspondent relationships or ‘banking clubs’ (see below), and more formal alliances cemented through share transactions or full mergers. The 1960s and 1970s saw the formation of a large number of consortium banks in the major international financial centres. In London, they even had their own club, the Association of Consortium Banks formed in 1975. Most of the members of this body were consortium banks according to the Bank of England’s definition of that year — banks in which no other bank had a shareholding of over 50 per cent and which had two or more banks as shareholders, at least one of which should be a bank not incorporated in the UK.1

Keywords: Joint Venture; Regional Bank; European Bank; Italian Bank; Japanese Bank (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59651-1_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230596511

DOI: 10.1057/9780230596511_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().