Case Study Two: Slater Walker

Margaret Reid

Chapter 13 in The Secondary Banking Crisis, 1973–75, 1982, pp 183-189 from Palgrave Macmillan

Abstract: Abstract This work has already noted the rise of Slater Walker Securities (SWS) and its later crisis which led to the large-scale and potentially very costly Bank of England rescue operation, culminating in the Bank’s take-over of the Slater Walker bank which, without the central bank’s backing, would have been insolvent. But SWS was so prominent in the growth, and the fading, of the secondary banking industry that some aspects of it merit a further glance. Incidentally, it is ironic to recall that the Slater Walker bank had earlier been through several changes of control and name, under one of which, as Anglo-French banking Corporation, it had had problems which had previously, in 1931, brought it to the Bank of England’s notice, although on that occasion the Old Lady of Threadneedle Street had herself done nothing for it.1

Keywords: Large Loan; Reporting Accountant; Personal Bankruptcy; Personal Loan; Loan Stock (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_13

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DOI: 10.1007/978-1-349-05286-8_13

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