Crisis Climax and Turn of the Tide

Margaret Reid

Chapter 10 in The Secondary Banking Crisis, 1973–75, 1982, pp 120-137 from Palgrave Macmillan

Abstract: Abstract As the property crisis developed from the early summer of 1974 and the international scene was darkened soon after by shocks such as the Herstatt crash, the scale of Britain’s secondary bank problem expanded dramatically. Calls on the Lifeboat grew worryingly, with total support loans increasing by £53 m in the second quarter to £443 m and by a further £551 m to £994 m by the end of September.

Keywords: Consumer Credit; Finance House; Lending Business; Institutional Shareholder; Crown Agent (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05286-8_10

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DOI: 10.1007/978-1-349-05286-8_10

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