Endgame

Brian O’Sullivan ()
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Brian O’Sullivan: King’s College London

Chapter Chapter 11 in From Crisis to Crisis, 2018, pp 329-351 from Palgrave Macmillan

Abstract: Abstract In this chapter, the continuing evolution of those merchant banks that survived the interwar upheavals is traced. The transformation from high-risk, capital-intensive activities in favour of lower-risk, advisory services continue to be played out. While geopolitical change impacted some of the mercantile focused firms, the larger surviving merchant banks faced a difficult strategic choice. Those merchant banks that followed high-risk strategies often with inadequate capital backing and weak management controls inevitably disappeared. By the end of the millennium, the surviving firms were focused on investment management and corporate finance advisory services.

Keywords: Big Bang; Property companies; Secondary banking crisis; Barings collapse; Accepting houses committee; Investment management (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-3-319-96698-4_11

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DOI: 10.1007/978-3-319-96698-4_11

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