 The Lifeboat Embarks on its MissionMargaret Reid Chapter 7 in The Secondary Banking Crisis, 1973–75, 1982, pp 89-101 from Palgrave Macmillan Abstract: Abstract Once the chiefs of the Bank of England and the big banks had decided on a combined rescue mission for vulnerable secondary and fringe banks, the operation was launched with speed. From the time when the Lifeboat committee, chaired by Sir Jasper Hollom, the Bank of England’s Deputy Governor, went into action on 28 December 1973, it met almost daily for many months to consider and deal with applications for support and to monitor the development of events. The committee was drawn from some of Britain’s most senior clearing bankers, notably Mr Jim Dyson, a general manager and director of Barclays Bank; Mr Stuart Graham, a general manager and later a chief general manager and director of Midland Bank; Mr Alec Ritchie, then an executive director of Williams and Glyn’s Bank and afterwards deputy chairman of Grindlays Bank; the late Mr Evan Vaughan, a general manager and director of Lloyds Bank; Mr Sidney Wild, then deputy chief executive of National Westminster Bank; and representatives of the Scottish clearing banks. Keywords: Large Shareholder; Finance House; Support Operation; Crown Agent; Deputy Chairman (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05286-8_7 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-05286-8_7 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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