Midland: Turnaround After a Near-fatal Decline

David Rogers

Chapter Chapter 9 in The Big Four British Banks, 1999, pp 170-196 from Palgrave Macmillan

Abstract: Abstract Just as Lloyds had been the best performer of the Big Four since the mid-1980s, so had Midland been the worst, until the past few years when it has made a remarkable recovery. From 1988 until 1993, for example, its average ROE after taxes was 4.8 per cent, compared with Lloyds at 19.7 per cent over the same period, NatWest at 6.8 per cent and Barclays at 5.8 per cent. By contrast, from 1994 to 1997, Midland’s average ROE after taxes was up to 22.9 per cent, comparing favourably with NatWest at 12.8 per cent, Barclays at 19.8 per cent, and Lloyds at 31.2 per cent.1

Keywords: Financial Time; Investment Banking; International Banking; Retail Bank; Domestic Banking (search for similar items in EconPapers)
Date: 1999
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DOI: 10.1007/978-1-349-27760-5_9

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