Role of the Banks

Sandy McLachlan

Chapter 5 in The National Freight Buy-Out, 1983, pp 66-75 from Palgrave Macmillan

Abstract: Abstract National Freight Consortium would not be in existence today had it not been for the support it received from the banks. But any suggestion that Barclays succeeded where Schroders failed would be well wide of the mark: certainly Barclays achieved a unique first in organising a comprehensive staff buy-out by harnessing the skills of the merchant banking arm to the financial muscle provided by its parent clearing bank, but Schroders, too, amply fulfilled its original brief. When Barclays started to act for the Consortium, Schroders continued to act for the Government and drove a hard bargain on final terms on its behalf.

Keywords: Capital Structure; Pension Fund; Capital Debt; Financial Muscle; Parent Bank (search for similar items in EconPapers)
Date: 1983
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DOI: 10.1007/978-1-349-06850-0_5

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