British Multinational Banking, 1830-1990

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Clarendon Press, 1995 - History - 511 pages
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This is a study of the emergence, growth, and performance of British multinational banks from their origins in the 1830s until the present day. British-owned banks played leading roles in the financial systems of much of Asia and the southern hemisphere during the nineteenth century and after. In the 1970s and 1980s they made large investments in California and elsewhere in the United States. They played major roles in the finance of international trade, in international diplomacy, in the birth of the Eurodollar market, and in the world debt crisis. This is the first modern general history of these banks. It is based on a wide range of confidential banking archives in Britain, Australia, and Hong Kong, most of which were previously unavailable. Geoffrey Jones reveals, for the first time, details of the real profits and inner reserves of these banks, and uses these data in a unique analysis of their financial performance over more than a century. Professor Jones places this new empirical evidence in the context of modern theories of multinational enterprise and of competitive advantage. This is a lucidly written and fascinating study, which will be of importance not only to historians, but to anyone concerned with contemporary multinational banking.
 

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Contents

British Multinational Banking in Perspective
1
Foundations Markets and Strategies
13
Crisis and Expansion
63
Banks and Governments
103
War and Depression
136
Banking Strategies in the Interwar Years
185
The British Government the Bank of England and Multinational Banking
223
Grand Designs
246
Conclusion
372
Total Assets Market Capitalization and Foreign Branches and Affiliates
391
Corporate Biographies
403
Geographical Distribution of Branches of British Multinational Banks 18601970
414
Geographical Distribution of Total Assets of British Multinational Banks 18601990
416
Performance Profitability and Worth of a Sample of British
418
Select Bibliography
489
Index
499

Banking Strategies in the Postwar World
285
The Rise and Fall of Globalization
320

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About the author (1995)

Geoffrey Jones is at University of Reading.

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